Price Action and Trading Discussion | Page 214 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price action at the core = family members' discussion project 2,214 replies

Price Action discussion 26 replies

Volume Price Level Trading Discussion Area 1 reply

Trading and Exchanges Discussion Thread 17 replies

Maxsmarts Trading Journal and Discussion 164 replies

Attachments: Price Action and Trading Discussion
Exit Attachments

Price Action and Trading Discussion

  • #4,261
  • Feb 11, 2014 7:35am Feb 11, 2014 7:35am
Quoting DarkWolF
{quote} An interesting trade, certainly against the the main trend, but from the bottom of the range.
The way I see it is that for now its struggling to break the 30's area.. in order to break that level more likely it has to gear up from up top gain momentum bursting through that level for bearish trend continuation. but sure anything can happen, for now the higher probability trade for this pair is long from bottom IMHO.
also gbp for the day is bullish cross the board.. i don't give correlation much weight but sometimes it's obvious and extra confluence.
Passion, Persist, Patience, Protect
  • #4,262
  • Feb 11, 2014 7:38am Feb 11, 2014 7:38am
Quoting FXEmpire
{quote} The way I see it is that for now its struggling to break the 30's area.. in order to break that level more likely it has to gear up from up top gain momentum bursting through that level for bearish trend continuation. but sure anything can happen, for now the higher probability trade for this pair is long from bottom IMHO.
Testing that 1.9800 RN area again, confluence of resistance, basically midpoint of the range. If can break and hold above that could be all good.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,263
  • Feb 11, 2014 7:39am Feb 11, 2014 7:39am
Quoting DarkWolF
{quote} Been a nice bullish move today, some nice pips for ya'
thx.. oh ya this one was a nice one to have after the spanking I took on gbpcad.
Passion, Persist, Patience, Protect
  • #4,264
  • Feb 11, 2014 7:40am Feb 11, 2014 7:40am
Quoting FXEmpire
{quote} thx.. oh ya this one was a nice one to have after the spanking I took on gbpcad.
lol... well those spankings certainly get handed to us every now and then that is for sure

But ya' its good to get some green pips back after taking one.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,265
  • Feb 11, 2014 7:41am Feb 11, 2014 7:41am
Quoting DarkWolF
{quote} Testing that 1.9800 RN area again, confluence of resistance, basically midpoint of the range. If can break and hold above that could be all good.
surly that mid point is a concern which nys could decide that.. if i see a strong break from that area then I would extend the PB and eye watch the bracket top for a lucky break for extra pips or full reversal.. could be a fun nys, will see what happens.
Passion, Persist, Patience, Protect
  • #4,266
  • Feb 11, 2014 7:44am Feb 11, 2014 7:44am
Quoting FXEmpire
{quote} surly that mid point is a concern which nys could decide that.. if i see a strong break from that area then I would extend the PB and eye watch the bracket top for a lucky break for extra pips or full reversal.. could be a fun nys, will see what happens.
Indeed. Here is hoping it goes well for ya'
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,267
  • Feb 11, 2014 7:44am Feb 11, 2014 7:44am
Quoting DarkWolF
{quote} lol... well those spankings certainly get handed to us every now and then that is for sure But ya' its good to get some green pips back after taking one.
oh ya no sweat it's all part of the game.. losses have a special place in my agenda, lol.. are given.
Passion, Persist, Patience, Protect
  • #4,268
  • Feb 11, 2014 7:44am Feb 11, 2014 7:44am
Certainly a good solid support area on the daily.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,269
  • Feb 11, 2014 7:54am Feb 11, 2014 7:54am
I went after nzdchf for short as well.. this is off a nice old support turning into touch resistant multiple failure.
Dwolf you probably like this one a lot more
Attached Image (click to enlarge)
Click to Enlarge Name: nzdchf.ih1.png Size: 70 KB
Passion, Persist, Patience, Protect
  • #4,270
  • Feb 11, 2014 8:00am Feb 11, 2014 8:00am
Quoting FXEmpire
I went after nzdchf for short as well.. this is off a nice old support turning into touch resistant multiple failure. Dwolf you probably like this one a lot more {image}
Not one that I have on my watch list templates but pulled it up for a look.

Looking more and more like you like those ranging charts Empire
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,271
  • Feb 11, 2014 8:10am Feb 11, 2014 8:10am
Quoting DarkWolF
{quote} Not one that I have on my watch list templates but pulled it up for a look. Looking more and more like you like those ranging charts Empire
I like what it gives me dwolf.. I play variety.. if it ranges and chops I can only play side to side with one eye on the break.. if it trends i do momo trades as well as pullup on pullbacks when it matures up which sometimes cause to miss some rides but better be safe than sorry too many times on fake out Pb for reversal.. to time valid PB is difficult.
anyways this is what i do, for a long time now.. keeping it simple and sensible, at least for me, lol
Passion, Persist, Patience, Protect
  • #4,272
  • Feb 11, 2014 8:17am Feb 11, 2014 8:17am
Quoting FXEmpire
{quote} I like what it gives me dwolf.. I play variety.. if it ranges and chops I can only play side to side with one eye on the break.. if it trends i do momo trades as well and pullup on pullback when it matures up which sometimes cause to miss some rides but better be safe than sorry too many times on fake out Pb for reversal.. to time valid PB is difficult. anyways this is what i do, for a long time now.. keeping it simple and sensible, at least for me, lol
Indeed. Looks good from what I have seen so far.

And like I always say, if it works for you then ya keep doing it.

Range trading used to be one of my favorites in the tool box when I traded a lot of 5 min charts. The more tools that you can sharpen the edges of the more effective the toolbox can be, no doubt about that.

Plan your trade.... Trade your plan....
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,273
  • Feb 11, 2014 8:31am Feb 11, 2014 8:31am
Quoting DarkWolF
{quote} Indeed. Looks good from what I have seen so far. And like I always say, if it works for you then ya keep doing it. Range trading used to be one of my favorites in the tool box when I traded a lot of 5 min charts. The more tools that you can sharpen the edges of the more effective the toolbox can be, no doubt about that. Plan your trade.... Trade your plan....
bottom line is market ranges more often than trends.. so gotta a have a play for it to be full force at this.
Passion, Persist, Patience, Protect
  • #4,274
  • Feb 11, 2014 9:13am Feb 11, 2014 9:13am
Quoting DarkWolF
{quote} Looks like this one would have turned out nicely for you GDR3K
It did in the end, I forgot to move my stop loss (amateur mistake ) and that got hit since it was right under the low, so I immediately re-entered long and closed earlier this morning for a profit, lower than I'd have liked to but still netted +65 on the move
  • #4,275
  • Feb 11, 2014 9:27am Feb 11, 2014 9:27am
Looking to sell audusd @ 0.9050 just under the opening price of the start of the large dowmove on the daily chart. Target 95 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.png Size: 44 KB
  • #4,276
  • Feb 11, 2014 10:57am Feb 11, 2014 10:57am
IMO a good sell opportunity on the DOW...
Attached Image (click to enlarge)
Click to Enlarge Name: chart.png Size: 37 KB
  • #4,277
  • Edited 11:53am Feb 11, 2014 11:36am | Edited 11:53am
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}
closed this one for +60 about 10 less than my target before turning on me like it just did on gbpnzd.. I don't know what just went up nzd's arshhh that turned so quick for 100+... maybe jenny yellen already messing things up.. I just gonna blame it on the poor old lady, lol.

i still believe gbpnzd could end up in profit, just some bs reaction which should recover from.. anyhow i have put aside 100pips for it to take from me.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.ih1.png Size: 67 KB
Passion, Persist, Patience, Protect
  • #4,278
  • Feb 11, 2014 1:23pm Feb 11, 2014 1:23pm
It should be good rebound from the Supply Zone on AUD/CHF:

Attached Image (click to enlarge)
Click to Enlarge Name: audchfh1.png Size: 42 KB
  • #4,279
  • Feb 11, 2014 1:31pm Feb 11, 2014 1:31pm
Oh man, that is a lot of DD to sit in. I hope it can turn from here and you can get out of that position safely.

Good luck.
  • #4,280
  • Edited Feb 12, 2014 9:19am Feb 11, 2014 6:35pm | Edited Feb 12, 2014 9:19am
Quoting vitall
It should be good rebound from the Supply Zone on AUD/CHF: {image}
What made you go short there? IMO that was an ideal place to go long
0 traders viewing now