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Price Action and Trading Discussion

  • #4,341
  • Feb 18, 2014 4:54am Feb 18, 2014 4:54am
gbp pairs looking bullish this last hour, going to get in long on gbpaud once this 1hr bar closes
  • #4,342
  • Feb 18, 2014 5:04am Feb 18, 2014 5:04am
Quoting GDR3k
gbp pairs looking bullish this last hour, going to get in long on gbpaud once this 1hr bar closes
long @ 8522, sl 8471
  • #4,343
  • Feb 18, 2014 8:06am Feb 18, 2014 8:06am
Is there about to be a reversal here? Eurnzd not one I normally look at, but this looks like it could be a good op soon. Price seems to have stalled for now...
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd.PNG Size: 30 KB
  • #4,344
  • Feb 18, 2014 10:17am Feb 18, 2014 10:17am
Quoting jen101
Is there about to be a reversal here? Eurnzd not one I normally look at, but this looks like it could be a good op soon. Price seems to have stalled for now... {image}

I would not reverse it yet until it shows at least some kind of weakness from this steam.
Passion, Persist, Patience, Protect
  • #4,345
  • Feb 18, 2014 11:55am Feb 18, 2014 11:55am
Quoting FXEmpire
{quote} I would not reverse it yet until it shows at least some kind of weakness from this steam.
Yes . Waiting for a good reversal on H4 or daily. GDR3k sets pending orders; I'm not so brave or confident .

Quoting jen101
Here we go again, bouncing off a confluence level, with trend . {image}
This was lucky!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad.PNG Size: 83 KB
  • #4,346
  • Feb 18, 2014 5:29pm Feb 18, 2014 5:29pm
Took a loss on the gbpaud long earlier, I had expected a bullish breakout after this mornings CPI figures, ah well

My eur/jpy short order was hit at 140.96 a few hours ago, right on the 50% fib level from the swing high on the 24th Dec 2013 to the swing low of 3rd Feb 2014, as well as fresh supply around 141. R:R of 1:2 on this position, risk 40 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 123.png Size: 74 KB
  • #4,347
  • Feb 19, 2014 1:44am Feb 19, 2014 1:44am
Quoting FXEmpire
1st trade of the week to get thing going on usa holiday.. AUDCHF short.. I see bullishness weakness on this pair for the time being, let's see how it pans out. {image}
managed to pull some profit out of this one +55.. faked out early one but it looked weak so on the resume back I held it to reach the initial target.

my eu and uc trades are still going, looking to only survive those two for least damage since both have clearly become failed trades..
Attached Image (click to enlarge)
Click to Enlarge Name: audchf.ih1.png Size: 58 KB
Passion, Persist, Patience, Protect
  • #4,348
  • Feb 19, 2014 2:22am Feb 19, 2014 2:22am
Couple of new range play.. long on AUDUDS & NZDUSD.. my target are +80 but if hesitates too much on the other side of the bracket I will bank whatever close to it.. they both are wide enough of a range worth taking a shot at.

I also still got the old GBPAUD long play alive and expecting to spike up again off the news in about hour or so.. it's looking good prior to the news with upward action off eu open.. its a risk free one anyways sitting at +300 atm.. will see what happen.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd.ih1.png Size: 56 KB
Click to Enlarge Name: nzdjpy.ih1.png Size: 56 KB
Click to Enlarge Name: gbpaud.ih1.png Size: 59 KB
Passion, Persist, Patience, Protect
  • #4,349
  • Feb 19, 2014 2:34am Feb 19, 2014 2:34am
Hi Guys,

Back on board, but have done some damage to one of my shoulders only have one active at the moment (non dominant side) geez taking me forever just to type this !!!!

Can still check charts but making it a bit uncomfortable at the moment to be sitting at my PC too long.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,350
  • Feb 19, 2014 2:49am Feb 19, 2014 2:49am
Quoting DarkWolF
Hi Guys, Back on board, but have done some damage to one of my shoulders only have one active at the moment (non dominant side) geez taking me forever just to type this !!!! Can still check charts but making it a bit uncomfortable at the moment to be sitting at my PC too long.
Welcome back Darkwolf. Set up speech recognition?

Quoting jen101
Is there about to be a reversal here? Eurnzd not one I normally look at, but this looks like it could be a good op soon. Price seems to have stalled for now... {image}
I'm in!
  • #4,351
  • Feb 19, 2014 2:54am Feb 19, 2014 2:54am
Quoting GDR3k
Took a loss on the gbpaud long earlier, I had expected a bullish breakout after this mornings CPI figures, ah well {image}
I was in short on that but chickened out at -10pips!
  • #4,352
  • Feb 19, 2014 2:55am Feb 19, 2014 2:55am
Quoting DarkWolF
Hi Guys, Back on board, but have done some damage to one of my shoulders only have one active at the moment (non dominant side) geez taking me forever just to type this !!!! Can still check charts but making it a bit uncomfortable at the moment to be sitting at my PC too long.
wolf I told you to stay out of fight club.. lol
Passion, Persist, Patience, Protect
  • #4,353
  • Feb 19, 2014 3:37am Feb 19, 2014 3:37am
Quoting GDR3k
My eur/jpy short order was hit at 140.96 a few hours ago, right on the 50% fib level from the swing high on the 24th Dec 2013 to the swing low of 3rd Feb 2014, as well as fresh supply around 141. R:R of 1:2 on this position, risk 40 pips. {image}
Just closed for +48 as the news for gbp was released.

Quoting DarkWolF
Hi Guys, Back on board, but have done some damage to one of my shoulders only have one active at the moment (non dominant side) geez taking me forever just to type this !!!! Can still check charts but making it a bit uncomfortable at the moment to be sitting at my PC too long.
Welcome back Squire

Quoting jen101
{quote} I was in short on that but chickened out at -10pips!
1.8291 is where I'll be going long on gbpaud, 1hour charts...that lovely looking pinbar right before the continuation of the bullish move, coincidentally it lines up perfectly with a daily support pivot. 1.8370 looks promising for a small scalp as well...
  • #4,354
  • Feb 19, 2014 7:15am Feb 19, 2014 7:15am
Nice and clean Hope the result is too.
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy.PNG Size: 78 KB
  • #4,355
  • Feb 19, 2014 7:47am Feb 19, 2014 7:47am
Quoting jen101
Nice and clean Hope the result is too. {image}
Looking good. Currently flat, no positions, just waiting for a few to get hit.
  • #4,356
  • Feb 19, 2014 8:01am Feb 19, 2014 8:01am
Quoting jen101
{quote} Welcome back Darkwolf. Set up speech recognition? {quote} I'm in!
Thanks Jen, now thats an idea

Quoting FXEmpire
{quote} wolf I told you to stay out of fight club.. lol
Ha Ha

Quoting GDR3k
Welcome back Squire
Thanks GDR3K

Took some of the painkillers the doc gave me, sent me off to sleep for a good few hours. Hopefully few days start to get some movement back without so much pain.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,357
  • Feb 19, 2014 8:16am Feb 19, 2014 8:16am
Just took a cheeky long euraud @ 5224, target 5274
  • #4,358
  • Feb 19, 2014 8:20am Feb 19, 2014 8:20am
Quoting GDR3k
Just took a cheeky long euraud @ 5224, target 5274
Hopefully work out nicely with price holding between the two RN areas
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,359
  • Feb 19, 2014 8:21am Feb 19, 2014 8:21am
Quoting jen101
Nice and clean Hope the result is too. {image}
Technical analysis always make me wrong in trade...
It's more making me got stress..
  • #4,360
  • Edited 10:42am Feb 19, 2014 8:24am | Edited 10:42am
Quoting DarkWolF
{quote} Hopefully work out nicely with price holding between the two RN areas
Yesterdays daily candle was bullish so I was looking for an area to get in long today on a pullback, I use the 50EMA quite a lot as there is often volatility around it on most timeframes. On the daily timeframe...todays daily candle... the market pushed back down and looks to have bounced away from the daily 50EMA aswell as 1.52, on the 1hr and 4hr charts, the the market also looks to have stalled at both their respective 50EMA's on the same pullback. Let's see...

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