Attachments: Price Action and Trading Discussion

Price Action and Trading Discussion

#4,201
Feb 5, 2014 2:24am Feb 5, 2014 2:24am

DarkWolF
Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts

Quoting traderathome

Disliked

Forex Factory Traders, MetaQuotes Has Lied to All of Us! Warning to all Forex Factory users of MT4, Do not upgrade to v600 build of MT4! Fellow Forex Factory traders, MetaQuotes has lied to all of us. They claim this new upgrade runs MQL4 indicators in their proper runtime environment without any problems. This is a flat out lie! And once you have upgraded, you cannot go back! MetaQuotes has become uncaring about traders and greedy for profits. This is all about them making profits off of their "Store" feature, where they and others can sell indicators...

Ignored

Sounds like someone has an issue with MetaQuotes

?

Sorry mate, this is the wrong thread for those sort of concerns.

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#4,202
Feb 5, 2014 2:37am Feb 5, 2014 2:37am

DarkWolF
Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts

Quoting Thx

Disliked

Hi, Selling GBPNZD, hopefully i can make some pips from this. {image}

Ignored

Hi Thx,

There has been a bit of a downwards push on this pair recently. Price stalling at the 1.9900 RN area at the moment, if it can hold we could see the 1.9800 ish area retested again.

Some clear horizontal support and resistance areas on the hourly chart.

5 min chart currently has a rather clear range that price is stuck in.

Again depending on your trading plan and how you like to play the charts, may depend on how you would look for any potential entries here.

Attached Image(s) (click to enlarge)

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Name: GPBNZD Hourly 05-02.jpg
Size: 195 KB

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Name: GN 5min.jpg
Size: 147 KB

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#4,203
Feb 5, 2014 2:39am Feb 5, 2014 2:39am

traderathome
Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts

Quoting DarkWolF

Disliked

{quote} Sounds like someone has an issue with MetaQuotes ? Sorry mate, this is the wrong thread for those sort of concerns.

Ignored

I apologize if it was an intrusion. I have only been intending to give fellow traders a heads up on what is happening. All other replies have been of gratitude for my efforts.

-tah

#4,204
Feb 5, 2014 2:40am Feb 5, 2014 2:40am

DarkWolF
Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts

Quoting Thx

Disliked

I have my attention on AU as well, let's see. {image}

Ignored

Hi Thx,

What were you looking for here, long from a potential trend line break ?

AU had a nice push up after the RBA release yesterday. Time will tell if the comments about interest rates may cause some bullish momentum on this pair or not.

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#4,205
Feb 5, 2014 2:45am Feb 5, 2014 2:45am

DarkWolF
Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts

Quoting traderathome

Disliked

{quote} I apologize if it was an intrusion. I have only been intending to give fellow traders a heads up on what is happening. All other replies have been of gratitude for my efforts. -tah

Ignored

Hi traderathome,

Don't take it the wrong way, no problems with the information, and it did make me take a bit of a look

Only thing is as I havent seen ya post in here before, I do like to keep all the sh** posts away from the thread if I can, I am sure you can understand that in some threads you do get a lot of irrelevant information and posts.

So ya, appreciate the heads, but at the end of the day, even if they decide to go down that path they are going to do it regardless of what any of us traders think or do. It would be a little disappointing to see it go that way as I know a lot of traders use MT4 exactly for that reason.

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#4,206
Feb 5, 2014 2:46am Feb 5, 2014 2:46am

DarkWolF
Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts

Quoting Winston Reed

Disliked

AUDJPY sold at bounce off resistance. {image}

Ignored

Hi Winston,

Are you out or still in on this one ?

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#4,207
Feb 5, 2014 2:48am Feb 5, 2014 2:48am

DarkWolF
Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts

Quoting Thx

Disliked

Hi Traders. EJ M5, i think that EJ is another good candidate (?) for TL break. Thx. {image}

Ignored

Well it certainly did break.

Any entries for you ?

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#4,208
Feb 5, 2014 4:18am Feb 5, 2014 4:18am

DarkWolF
Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts

Home internet connection down. ISP says unplanned maintenance. Guess not much can do about it. Lucky I wasnt in a trade that I hadnt entered levels into.

Frustrating when your a trader.

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#4,209
Feb 5, 2014 4:21am Feb 5, 2014 4:21am

Eng_Amr
| Joined Jan 2014 | Status: Trader | 5 Posts

hi dark wolf
very good thread
Go on!!!
by the way what do you think of eurusd

#4,210
Feb 5, 2014 4:24am Feb 5, 2014 4:24am

Thx
| Joined Nov 2013 | Status: Mystic | 253 Posts

Quoting DarkWolF

Disliked

{quote} Well it certainly did break. Any entries for you ?

Ignored

Hello DarkWolf,

Many Thanks for all of your valuable input,

yes, i already have an open long position on EJ, but it's already stopped out as i was typing this post, just not my lucky day ...
AU long Trade was out for small +pips, and for GBPNZD short i will close the trade right now because i don't want to miss the chance to cover EJ loss trade.

Thx.

I see it all in between ...

#4,211
Feb 5, 2014 4:32am Feb 5, 2014 4:32am

DarkWolF
Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts

Quoting DarkWolF

Disliked

Home internet connection down. ISP says unplanned maintenance. Guess not much can do about it. Lucky I wasnt in a trade that I hadnt entered levels into. Frustrating when your a trader.

Ignored

Ahhh connection is back up and running, I lost it as I was really just going through my charts for the days, just gotta see whats going on now.

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#4,212
Feb 5, 2014 4:35am Feb 5, 2014 4:35am

DarkWolF
Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts

EURAUD Hourly:

Here is one I took late yesterday. I ended up letting it run overnight for me with my levels set in the market as I was simply too damm tired to stay up any longer.

Havent had too much of a chance to get the image up.

Attached Image(s) (click to enlarge)

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Name: EURAUD Hourly 04-02.jpg
Size: 167 KB

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Name: EURAUD TP 04-02.jpg
Size: 183 KB

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#4,213
Feb 5, 2014 4:37am Feb 5, 2014 4:37am

DarkWolF
Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts

Quoting Eng_Amr

Disliked

hi dark wolf very good thread Go on!!! by the way what do you think of eurusd

Ignored

Hi Eng,

Thanks.

As far as EURUSD, this can all depend on what time frame you look at the chart on.

Daily is currently sitting at a long term support area.

Once I get through my charts etc, I will see if I can get a chart up.

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#4,214
Feb 5, 2014 4:51am Feb 5, 2014 4:51am

DarkWolF
Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts

Quoting Thx

Disliked

{quote} Hello DarkWolf, Many Thanks for all of your valuable input, yes, i already have an open long position on EJ, but it's already stopped out as i was typing this post, just not my lucky day ... AU long Trade was out for small +pips, and for GBPNZD short i will close the trade right now because i don't want to miss the chance to cover EJ loss trade. Thx.

Ignored

Just remember 5 min trading can be quite choppy at times, and highly volatile at news release times.

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#4,215
Feb 5, 2014 5:11am Feb 5, 2014 5:11am

DarkWolF
Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts

Quoting Eng_Amr

Disliked

hi dark wolf very good thread Go on!!! by the way what do you think of eurusd

Ignored

EURUSD:

Not too much going on at the moment for me on EURUSD Eng.

The daily chart is sitting at strong support area, by looking at the chart I think we can see the significance of the current area that price is sitting at. If we can see a good solid price action reason to enter long from support one could consider that, or wait for a break and re-test and see how it plays out.

Depending on where you have the trend line drawn on this particular chart as it could be in one of a couple of obvious places, you could be keeping an eye out for a trend line break and collapse.

I would personally put more emphasis on the horizontal areas.

The hourly chart is clearly in a range. I think this speaks for itself.

If your a range trader, trade the range. If not your waiting for a break one way or the other. For me based on the look of that chart. I would be wanting it to break short. A break long, and I would be waiting for some sort of confirmation.

Plan your trade... Trade your plan....

Attached Image(s) (click to enlarge)

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Name: EU Daily 05-02.jpg
Size: 185 KB

Click to Enlarge

Name: EU Hourly 05-02.jpg
Size: 148 KB

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#4,216
Feb 5, 2014 7:19am Feb 5, 2014 7:19am

DarkWolF
Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts

GBPCHF Hourly:

Took a short position on this pair looking for price to push down to the first support area.

RN could have been an issue for the trade but took the position anyway.

Target area was achieved soon after.

Attached Image(s) (click to enlarge)