Howlin' at the Moon on the Roof
Price Action and Trading Discussion
- #4,382
- Feb 20, 2014 4:03am Feb 20, 2014 4:03am
Did anyone catch any of that downmove on gbpaud from the 1.8650 area? Looking at 168.73 to get in long on gbpjpy
I see a key level where resistance has become support, and then resistance again..
A supply zone.. though not led by an indecisive candle as I've seen you usually post..
And a 50% Fib Retracement level..
I don't have psych levels or pivots, but just wondering if this is the gist of it?
And what about a buy here?
1.8370 .. round-ish? number = psych level?
Area of resistance/support
Demand zone led by indecisive candle .. maybe not a "fresh" level though as it looks like this has been a demand zone previously on the chart.. ??
50% Fib retracement area
Appreciate your feedback
- #4,385
- Feb 20, 2014 4:12am Feb 20, 2014 4:12am
- | Membership Revoked | Joined Aug 2012 | 5,371 Posts
{quote} grrrrrrrrrrrr http://www.youtube.com/watch?v=6pmT2EEXdKM {image}
Actually it's more like Chicken Run. I'm not going in on jpy. 
- #4,386
- Feb 20, 2014 4:18am Feb 20, 2014 4:18am
- Joined Mar 2011 | Status: Bullish Behavior | 3,182 Posts
{quote} I didn't catch the sell, as I was looking at a buy limit order around 1.8370, but is this somethings you would look for? I see a key level where resistance has become support, and then resistance again.. A supply zone.. though not led by an indecisive candle as I've seen you usually post.. And a 50% Fib Retracement level.. I don't have psych levels or pivots, but just wondering if this is the gist of it? {image} And what about a buy here? 1.8370 .. round-ish? number = psych level? Area of resistance/support Demand zone led by indecisive...
I sold at 8645 because it was untested supply as the market had not been back to it since it moved away from that area, the 50% fib also lined up perfectly from the high at the end of January to the low of this month, there was also this months main pivot at the 8650 area too.
Regarding areas being fresh, I don't pay attention that far to the left, I look left to the very last market wave from a swing high to low/low to high, the picture attached can explain it better...I ignore everything to the left of the black arrows and only pay attention to the area with the blue arrows, if a level is hidden behind a wave, I disregard it.
Does that make sense?
Thanx {image}
Happy with the way this thing is moving but I want it much higher, far from over
GBP/USD still holding but looks more cosy from 600, the sort of trade I'd be tempted to average down on..
Is it OK to play music in here Mr. Dark Wolf? It's just this nasty habit I have on this forum. But I'm a law abider at heart,
Inserted Video
GBP/USD still holding but looks more cosy from 600, the sort of trade I'd be tempted to average down on..
Is it OK to play music in here Mr. Dark Wolf? It's just this nasty habit I have on this forum. But I'm a law abider at heart,
Howlin' at the Moon on the Roof
Happy with the way this thing is moving but I want it much higher, far from over {image} http://www.youtube.com/watch?v=ZiLPf0KcBVY GBP/USD still holding but looks more cosy from 600, the sort of trade I'd be tempted to average down on.. Is it OK to play music in here Mr. Dark Wolf? It's just this nasty habit I have on this forum. But I'm a law abider at heart,
... 
Thx.
I see it all in between ...
- #4,395
- Feb 20, 2014 6:55am Feb 20, 2014 6:55am
- Joined Mar 2011 | Status: Bullish Behavior | 3,182 Posts
sell order has just been filled, gbpjpy @ 169.985 
- #4,398
- Feb 20, 2014 8:13am Feb 20, 2014 8:13am
- Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts
. Is it OK to play music in here Mr. Dark Wolf? It's just this nasty habit I have on this forum. But I'm a law abider at heart,
I have no problem with that as long as its not something that appears in every post and over shadows the core of what should be posted then all good.
If it becomes an issue I will be sure to let you know
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
- #4,399
- Feb 20, 2014 8:19am Feb 20, 2014 8:19am
- Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
- #4,400
- Feb 20, 2014 8:40am Feb 20, 2014 8:40am
- | Membership Revoked | Joined Aug 2012 | 5,371 Posts
I just got back in and saw that my eurcad "scalp" came in. (Scalp by my standards, not most of yours 
). I actually entered before that pin bar and the price came to within 1 pip of my SL. Phew, that was too close for comfort.
). I actually entered before that pin bar and the price came to within 1 pip of my SL. Phew, that was too close for comfort.
