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Price Action and Trading Discussion

  • #4,161
  • Jan 20, 2014 4:46pm Jan 20, 2014 4:46pm
Quoting vitall
{quote} I am waiting for the pullback toward the Support Zone and move down, according to the trend: {image}
The most recent resistance has held price so far, I would be waiting for price to move back and hold above that range area before I would even considering any change of direction.

Now to see if the resistance does hold and we see price move back in the direction of the trend.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Daily 21-01.jpg Size: 162 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,162
  • Jan 21, 2014 3:32am Jan 21, 2014 3:32am
Morning all.
i respect price action as a way of trading very much but do you think it is available for small frames and scalping or not
thanks
  • #4,163
  • Jan 22, 2014 12:24am Jan 22, 2014 12:24am
Hi Eng

A daily chart represents 24hours of data in one candle as you know, so looking at a 5min or 15min chart doesn't give one much information to make decisions upon.

Having said that, its only my personal view point and many people would argue with me all day long about that.

Cheers
  • #4,164
  • Jan 22, 2014 10:11am Jan 22, 2014 10:11am
Hi all this was the trade i took last nite CADJPYdaily time frame, this is base on continuation movement duo the target almost reach i will be closing the trade manually after this post.
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy daily short trade 21 01 2014.png Size: 19 KB

Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy daily short trade 22 01 2014 update1.png Size: 44 KB
  • #4,165
  • Jan 23, 2014 5:01am Jan 23, 2014 5:01am
Quoting kebefx
Hi all this was the trade i took last nite CADJPYdaily time frame, this is base on continuation movement duo the target almost reach i will be closing the trade manually after this post. {image} {image}
Hi kebefx,

Nice work on the trade, a good spot on that one
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,166
  • Jan 23, 2014 5:12am Jan 23, 2014 5:12am
Quoting Eng_Amr
Morning all. i respect price action as a way of trading very much but do you think it is available for small frames and scalping or not thanks
Hi Eng,

I would say that yes indeed you can use it on smaller time frames and scalping, and I did so for quite some time.

But what I would say, is do so with extreme caution. If you are new to trading I would highly recommend starting on the higher time frames or at the very least trade on a demo account for a while on the lower time frames to see how you go. It takes a lot more discipline on the shorter time frames as there is a lot more noise on the charts.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,167
  • Jan 23, 2014 5:16am Jan 23, 2014 5:16am
Been a very slow week for me. Not to much going on for me at all. Been a bit of movement on the charts but nothing that has really given me an opportunity to look at any positions.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,168
  • Edited 5:26am Jan 24, 2014 5:05am | Edited 5:26am
NZDJPY Hourly:

Hi Guys,

Been quite a slow week for me, with this being my first trade for the week.

I did get a bit twitchy and almost closed it out half way to target but I walked a way for a bit, come back and it did make it to the target area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDJPY Hourly 24-01.jpg Size: 151 KB
Click to Enlarge Name: NZDJPY Hourly TP.jpg Size: 153 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,169
  • Jan 24, 2014 5:35am Jan 24, 2014 5:35am
JPY pairs just fell off a cliff lol.
  • #4,170
  • Jan 24, 2014 5:43am Jan 24, 2014 5:43am
Quoting Cujo2
JPY pairs just fell off a cliff lol.
Ya so have some of the CHF pairs.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,171
  • Jan 28, 2014 4:13am Jan 28, 2014 4:13am
DarkWolF,

I have been following your thread for some time now following and learning from your trades, Great Work mate! Keep up the good work!


TheBoz
  • #4,172
  • Jan 28, 2014 10:55pm Jan 28, 2014 10:55pm
Quoting TheBoz
DarkWolF, I have been following your thread for some time now following and learning from your trades, Great Work mate! Keep up the good work! TheBoz
Hi TheBoz,

I am glad you have been able to learn whilst following the thread.

Cheers.

DW
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,173
  • Jan 28, 2014 10:57pm Jan 28, 2014 10:57pm
Hi Guys,

I am away from home most of this week therefore will be unable to view any charts for trading. I will most likely be back for the Friday sessions.

Good of luck with any trades that you may have going.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,174
  • Jan 29, 2014 7:53am Jan 29, 2014 7:53am
Hi all i took a short trade on CADJPY 1hour time frame base on pullback candle on 1hour time frame in conjunction with daily time frame trend.
I don't know how is going to play out. By the way is my first trade this week.
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy 1hour short trade 29 01 2014.png Size: 29 KB
  • #4,175
  • Jan 29, 2014 8:19am Jan 29, 2014 8:19am
Guys, BIG news is coming up ( FOMC Statement ), I closed all positions to be secured.
  • #4,176
  • Jan 29, 2014 1:37pm Jan 29, 2014 1:37pm
Quoting kebefx
Hi all i took a short trade on CADJPY 1hour time frame base on pullback candle on 1hour time frame in conjunction with daily time frame trend. I don't know how is going to play out. By the way is my first trade this week. {image}
Update on this trade thou it as been closed but look at the spike around my take profit level.
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy 1hour short trade 29 01 2014 update.png Size: 31 KB
  • #4,177
  • Jan 30, 2014 7:39am Jan 30, 2014 7:39am
Quoting kebefx
{quote} Update on this trade thou it as been closed but look at the spike around my take profit level. {image}
It is strong support around 92.00.

Attached Image (click to enlarge)
Click to Enlarge Name: cadjpydaily.png Size: 43 KB
  • #4,178
  • Jan 31, 2014 1:54am Jan 31, 2014 1:54am
Hi Guys,

Back on the charts today, just got to get across them to see whats been going on.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,179
  • Jan 31, 2014 7:36am Jan 31, 2014 7:36am
GBPYJPY Hourly:

Hi Guys,

I placed a pending short order on this pair. Price pushed up away from my order line, as it breached the RN area I deleted my pending order.

I walked away from the charts at that point to do a few other things as it was not looking like there was any other opportunities for me to keep an eye on. Price then pushed back down, achieving that target area I was looking at.

That is the way it goes with trading.

Patience and move onto the next opportunity.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY Hourly 31-01 Pending.jpg Size: 182 KB
Click to Enlarge Name: GBPJPY Hourly 31-01.jpg Size: 208 KB
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  • #4,180
  • Jan 31, 2014 7:40am Jan 31, 2014 7:40am
Hello Darkwolf,
Snagged this one yesterday during Asian.
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpyh4darkwolf13114.png Size: 45 KB
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