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Price Action and Trading Discussion

  • #4,241
  • Feb 10, 2014 8:13am Feb 10, 2014 8:13am
Quoting GDR3k
buy limit usdjpy @ 101.88 right on this weeks pivot and that area of indecision on the 1hr chart, highlighted green... {image}
good luck.. I am eying that level as well.. it looks like a valid PB to level I am just waiting for a bit more maturity on that before going long.. I hope it takes off for you right away.
Passion, Persist, Patience, Protect
  • #4,242
  • Feb 10, 2014 8:21am Feb 10, 2014 8:21am
Quoting FXEmpire
{quote} good luck.. I am eying that level as well.. it looks like a valid PB to level I am just waiting for a bit more maturity on that before going long.. I hope it takes off for you right away.
So do I

buy limit gbpjpy @ 167.48 just above the opening price of that last bullish 4hour candle.

The R:R on this one his high...
Attached Image (click to enlarge)
Click to Enlarge Name: chart.png Size: 56 KB
  • #4,243
  • Edited 9:07am Feb 10, 2014 8:28am | Edited 9:07am
long on audusd.. price testing the old breakout level with DB on top of it.. could be a sign for continuation or at least a retest of the HH.. anyhow i look for 50 on this.

gdr3k good luck on gj trade.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.ih1.png Size: 61 KB
Passion, Persist, Patience, Protect
  • #4,244
  • Feb 10, 2014 8:37am Feb 10, 2014 8:37am
Quoting FXEmpire
long on audusd.. price testing the old breakout level with DT on top of it.. could be a sign for continuation or at least a retest of the HH.. anyhow i look for 50 on this. gdr3k good luck on gj trade. {image}

that's one way to see it. another way to see it is that it's coming off of a swing high after a 253 day downtrend
  • #4,245
  • Feb 10, 2014 9:15am Feb 10, 2014 9:15am
Quoting allisonmagic
{quote} that's one way to see it. another way to see it is that it's coming off of a swing high after a 253 day downtrend
There is many ways to see, read, feel and you name it.. but more importantly is to act up on what you spot based on your own frame of work and give a brief explanation as OP has suggested.

I am a day trader, if I roll back that far long I never get a trade off.
Passion, Persist, Patience, Protect
  • #4,246
  • Feb 10, 2014 9:58am Feb 10, 2014 9:58am
short on gbpnzd.. taking it off the top of the small hourly bracket in hunt of recent LL bearish swing test.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd.ih1.png Size: 64 KB
Passion, Persist, Patience, Protect
  • #4,247
  • Feb 10, 2014 5:19pm Feb 10, 2014 5:19pm
Quoting FXEmpire
{quote} Thanks wolf.. I took the usdchf this am and banked 20.. your right chf's has been the only best opportunities so far today. {image}
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,248
  • Feb 10, 2014 5:21pm Feb 10, 2014 5:21pm
Quoting FXEmpire
{quote} There is many ways to see, read, feel and you name it.. but more importantly is to act up on what you spot based on your own frame of work
Indeed
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,249
  • Feb 10, 2014 5:22pm Feb 10, 2014 5:22pm
Quoting GDR3k
{quote} So do I buy limit gbpjpy @ 167.48 just above the opening price of that last bullish 4hour candle. The R:R on this one his high... {image}

Quoting FXEmpire
long on audusd.. price testing the old breakout level with DB on top of it.. could be a sign for continuation or at least a retest of the HH.. anyhow i look for 50 on this. gdr3k good luck on gj trade. {image}
Hope they work out for you guys.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,250
  • Feb 10, 2014 5:29pm Feb 10, 2014 5:29pm
Quoting allisonmagic
{quote} that's one way to see it. another way to see it is that it's coming off of a swing high after a 253 day downtrend
Hi allisonmagic,

I never have a bias either way on a chart, just trade what I see at the time in line with my trading plan. Obviously you should have an overview of the longer term charts and the overall bigger picture.

I am interested to see if there is a bit of bullish momentum on this pair in the next few weeks/months based on some of the comments from the RBA or wether it will simply continue its downward strength.

Generally I have rather short term targets though, but this is not a pair for me, with my trading plan that is showing anything for me to be looking at just yet.

On daily, I would say its a good old bulls vs bears battleground out there with price caught between a good solid support and resistance.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,251
  • Feb 11, 2014 1:20am Feb 11, 2014 1:20am
Quoting FXEmpire
hello wolf, nice thread here, looking to post and discuss some trades here this week with you all if you don't mind. took a short trade on GBP/CAD off eu open.. I see the pair doing side way.. took it on top of the range in the recent trend direction looking for 50+ possibly 80.. {image}
-100.. ugly hard sl hit overnight.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad.ih1.png Size: 59 KB
Passion, Persist, Patience, Protect
  • #4,252
  • Feb 11, 2014 1:21am Feb 11, 2014 1:21am
Quoting FXEmpire
long on audusd.. price testing the old breakout level with DB on top of it.. could be a sign for continuation or at least a retest of the HH.. anyhow i look for 50 on this. gdr3k good luck on gj trade. {image}
+74.. nice retest of the top as i expected.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.ih1.png Size: 58 KB
Passion, Persist, Patience, Protect
  • #4,253
  • Feb 11, 2014 1:24am Feb 11, 2014 1:24am
Quoting FXEmpire
short on gbpnzd.. taking it off the top of the small hourly bracket in hunt of recent LL bearish swing test. {image}
+55.. did not wanted to keep it for much longer so banked it before target.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd.ih1.png Size: 60 KB
Passion, Persist, Patience, Protect
  • #4,254
  • Feb 11, 2014 2:23am Feb 11, 2014 2:23am
gbpchf long.. looks like difficulties to push beyond the marked X's area.. since eu open its pushing down, but hopefully for another failure and take off to the top as i expect.. will see so far in negative but I don't worry about it much.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.ih1.png Size: 65 KB
Passion, Persist, Patience, Protect
  • #4,255
  • Feb 11, 2014 7:22am Feb 11, 2014 7:22am
gbpnzd long..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd.ih1.png Size: 63 KB
Passion, Persist, Patience, Protect
  • #4,256
  • Feb 11, 2014 7:27am Feb 11, 2014 7:27am
Quoting FXEmpire
gbpnzd long.. {image}
An interesting trade, certainly against the the main trend, but from the bottom of the range.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,257
  • Feb 11, 2014 7:28am Feb 11, 2014 7:28am
Quoting FXEmpire
gbpchf long.. looks like difficulties to push beyond the marked X's area.. since eu open its pushing down, but hopefully for another failure and take off to the top as i expect.. will see so far in negative but I don't worry about it much. {image}
Still pretty much sideways, but with all range bound markets, it can easily go either way.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,258
  • Feb 11, 2014 7:30am Feb 11, 2014 7:30am
Quoting FXEmpire
{quote} +55.. did not wanted to keep it for much longer so banked it before target. {image}
Top, of the range, direction of trend
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,259
  • Feb 11, 2014 7:31am Feb 11, 2014 7:31am
Quoting FXEmpire
{quote} +74.. nice retest of the top as i expected. {image}
Been a nice bullish move today, some nice pips for ya'
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,260
  • Feb 11, 2014 7:34am Feb 11, 2014 7:34am
Quoting GDR3k
{quote} So do I buy limit gbpjpy @ 167.48 just above the opening price of that last bullish 4hour candle. The R:R on this one his high... {image}
Looks like this one would have turned out nicely for you GDR3K
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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