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Price Action and Trading Discussion

  • #4,281
  • Feb 11, 2014 6:26pm Feb 11, 2014 6:26pm
AUDUSD Hourly:

Been a rather quiet start to the week for me so far.

I was watching this one just now for a long entry on this pair.

I got slightly distracted right at the time of the new bar and missed the entry.

Oh well, that's the way it goes.
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  • #4,282
  • Feb 11, 2014 6:52pm Feb 11, 2014 6:52pm
EURGBP Daily:

Trend line pretty much to the pip.
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  • #4,283
  • Feb 11, 2014 8:43pm Feb 11, 2014 8:43pm
Morning Traders,

Selling AUDUSD, TL bounce, i hope this will work ...

Thx.
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I see it all in between ...
  • #4,284
  • Feb 11, 2014 8:56pm Feb 11, 2014 8:56pm
Waiting for TL Break north (EURJPY) ,
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I see it all in between ...
  • #4,285
  • Feb 11, 2014 9:13pm Feb 11, 2014 9:13pm
The last one,
Gold, Buy candidate ...
maybe ..

Kind Regards,
Thanx.
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I see it all in between ...
  • #4,286
  • Feb 12, 2014 12:29am Feb 12, 2014 12:29am
Hard sl hit on this one... interesting trade where it surged strongly to nearly close to my target but to only turn against massively to entry point.. at that point I decided to leave it over night where it did resume a bit to +50 which if I was up (can't monitor 24hrs around clock) I would have either banked that amount or for sure set the stop at BE to let in be till morning when I start screening again. I know nzd moves around that time but i saw no main reason for a large move to happen.. anyways a bit unfortunate, with the initial turn against me and the partial resume happening during none screening time of mine.. this was good winner that got slipped and backfired for a full loss.. it's all good and more importantly it was not miss managed, so the loss is welcomed, get'em next time.
Overall it's been a tough week so far staying at breakeven more or less with not much to work with.. but I rather be active from whats on the plate than be on the sideline, that pays off in the long run and it's my style.

looking for more trades today..
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Passion, Persist, Patience, Protect
  • #4,287
  • Feb 12, 2014 1:53am Feb 12, 2014 1:53am
eurusd long.. taking this long off the Pb from recent eu march post two announcements eu rate/nfp.. see if sets as a platform for continuation, it could be a nice bounce off the eu rate change high point. I look for recent high test (tough resistant) and Jan/24th 3730ish area.. will see how it plays out.

ps) This one accounts as a trend play for me dwolf,
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Passion, Persist, Patience, Protect
  • #4,288
  • Feb 12, 2014 3:11am Feb 12, 2014 3:11am
Hi guys, been away from my PC tonight been out and about, just getting my first look at the charts now since about 2 hours before the London open.

Looks like the GBP pairs had a nice move, assuming that was most likely on the back of some sort of economic data or speech.

Been a rather uneventful week for me so far.
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  • #4,289
  • Feb 12, 2014 3:27am Feb 12, 2014 3:27am
Got this going on off the data... gbpaud long fell into my signal but since it was at news time I took it at 1/4th of the load.. hopefully it run to the moon so I can recover gz loss, lol
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Passion, Persist, Patience, Protect
  • #4,290
  • Feb 12, 2014 4:17am Feb 12, 2014 4:17am
buy limit euraud @ 1.4974
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  • #4,291
  • Feb 12, 2014 4:21am Feb 12, 2014 4:21am
Quoting FXEmpire
Got this going on off the data... gbpaud long fell into my signal but since it was at news time I took it at 1/4th of the load.. hopefully it run to the moon so I can recover gz loss, lol {image}
I was long on that pair last night from 8198 but the chinese trade balance release caused that spike down and hit me at break even
  • #4,292
  • Feb 12, 2014 4:32am Feb 12, 2014 4:32am
Quoting GDR3k
{quote} I was long on that pair last night from 8198 but the chinese trade balance release caused that spike down and hit me at break even
yep tell me about it that damn released cost me too on the gz trade.. we'll get'em the next time.
Passion, Persist, Patience, Protect
  • #4,293
  • Edited 6:38am Feb 12, 2014 6:21am | Edited 6:38am
I may short gbpjpy @ 169.98 and gbpchf @ 1.4991, both just under major psychological levels... Anyone got any thoughts?
  • #4,294
  • Feb 12, 2014 6:51am Feb 12, 2014 6:51am
Quoting GDR3k
I may short gbpjpy @ 169.98 and gbpchf @ 1.4991, both just under major psychological levels... Anyone got any thoughts?
I see the supply zone looming on gbpjpy, but look on the weekly and last week was a perfect pin bar bounce off the 23.6fib. Just sitting on the sidelines .
  • #4,295
  • Feb 12, 2014 7:14am Feb 12, 2014 7:14am
Quoting jen101
{quote} I see the supply zone looming on gbpjpy, but look on the weekly and last week was a perfect pin bar bounce off the 23.6fib. Just sitting on the sidelines .
aye, this months main pivot is looming just under 170 and a daily resistance pivot a few pips above 170, the chances of a bounce away from this area are high IMO but we shall see... sell limit @ 169.98
  • #4,296
  • Feb 12, 2014 7:29am Feb 12, 2014 7:29am
GDR3K where would you place your stoploss? Too tight or would you play it conservative?
  • #4,297
  • Feb 12, 2014 7:45am Feb 12, 2014 7:45am
Quoting joe12345
GDR3K where would you place your stoploss? Too tight or would you play it conservative?
I've got it set to about 50 pips
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  • #4,298
  • Feb 12, 2014 7:54am Feb 12, 2014 7:54am
Quoting GDR3k
{quote} I've got it set to about 50 pips {image}
Good luck, that's a brave trade or maybe you're seeing something I'm missing . Saying that, I'm eyeing up eurjpy and chfjpy for shorts, but then they are weaker than gbp.
  • #4,299
  • Feb 12, 2014 8:04am Feb 12, 2014 8:04am
Quoting jen101
{quote} Good luck, that's a brave trade or maybe you're seeing something I'm missing . Saying that, I'm eyeing up eurjpy and chfjpy for shorts, but then they are weaker than gbp.
eurjpy does look like it's loading up for a downmove, especially on the hourly charts.

Regarding my short on gbpjpy... almost all my parameters for a position have been checked, let's see if the statistics are in my favour on this one...
  • #4,300
  • Feb 12, 2014 8:12am Feb 12, 2014 8:12am
Quoting GDR3k
I may short gbpjpy @ 169.98 and gbpchf @ 1.4991, both just under major psychological levels... Anyone got any thoughts?
GDR are you using harmonic patterns to pick these setups? or just strong s/r?
Passion, Persist, Patience, Protect
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