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Price Action and Trading Discussion

  • #4,601
  • Mar 5, 2014 7:13am Mar 5, 2014 7:13am
Hi all taking short on this EURCAD daily timeframe it take a lot of patience. Let see how it play out.
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  • #4,602
  • Mar 5, 2014 7:42am Mar 5, 2014 7:42am
Quoting kebefx
Hi all taking short on this EURCAD daily timeframe it take a lot of patience. Let see how it play out. {image}
keb I hope it drops for you.. but the damn thing has kept going higher and higher ever since mid 2012.. lol
Passion, Persist, Patience, Protect
  • #4,603
  • Mar 5, 2014 8:12am Mar 5, 2014 8:12am
Quoting FXEmpire
{quote} keb I hope it drops for you.. but the damn thing has kept going higher and higher ever since mid 2012.. lol
Thanks for your concern all am doing is following price action the level become confused and market stall thou am not looking for home run but taking few pips. only time will tell. Lots of pin bar.
  • #4,604
  • Mar 5, 2014 8:15am Mar 5, 2014 8:15am
Quoting kebefx
Hi all taking short on this EURCAD daily timeframe it take a lot of patience. Let see how it play out. {image}
I'm waiting to short it a bit higher at 1.55
  • #4,605
  • Mar 5, 2014 8:21am Mar 5, 2014 8:21am
Quoting kebefx
{quote} Thanks for your concern all am doing is following price action the level become confused and market stall thou am not looking for home run but taking few pips. only time will tell. Lots of pin bar.
its a good area.. oh believe me that I have taken a few stab at this for a reverse during this upward period but it just a straight mover.. it should be time to though.
Passion, Persist, Patience, Protect
  • #4,606
  • Mar 5, 2014 10:15am Mar 5, 2014 10:15am
going long on eu 1.37330.. spotting weakness for further bear move..
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Passion, Persist, Patience, Protect
  • #4,607
  • Mar 5, 2014 10:48am Mar 5, 2014 10:48am
Quoting FXEmpire
Check this out guys.. look how broker screwed me out of my tp.. I know it was news time but look at the gap and chaotic pa.. most likely the widen of spread got something to do with it, overall it cost me there unfortunetly.. cool 70+piper not capitalized.. now this better make it there today or %$%$ else.... lol {image}
remember this earlier today where missed my tp by hair.. luckily it came back to it and capitalized +70.. pretty grateful about it, but it required patience.
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Passion, Persist, Patience, Protect
  • #4,608
  • Mar 6, 2014 12:27am Mar 6, 2014 12:27am
Quoting kebefx
Hi all taking short on this EURCAD daily timeframe it take a lot of patience. Let see how it play out. {image}
Am out of this with profit
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  • #4,609
  • Mar 6, 2014 6:41am Mar 6, 2014 6:41am
Quoting FXEmpire
just triggered long on eurcad 1.52153.. I know, i know, cad got some major news coming in couple of hours, but it has walked right into my signal which is off the lower recent bracket support line.. who the hell knows whats going to happen.. but here is the deal.. I am up about 500pips this month already, its a big time start already so what I do when I am up, I keep on pressing the f out of it and wont let anything to stop me.. plus there is a 50/50 chance of win here where could payoff big if it gets bullishly wild.. and if i lose, well, based...

just closed this one for breakeven.. had me deep in the losses but not enough to hit my stop.. grateful that news went my way.
yesterdays news took it down, today's news took it up, lol.
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Passion, Persist, Patience, Protect
  • #4,610
  • Mar 6, 2014 6:47am Mar 6, 2014 6:47am
my only trigger for today was this one which is working out great.. I see more drop on this one.
based on so many major datas make it hard to get new one off but this one off the pretty solid res where it bounced off nicely and was couple of hours before the news and gave me a bit of cushion prior to gbp release which caused me to hold it.
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Passion, Persist, Patience, Protect
  • #4,611
  • Mar 6, 2014 11:38am Mar 6, 2014 11:38am
Quoting FXEmpire
going long on eu 1.37330.. spotting weakness for further bear move.. {image}
closed EU for 120+..
and a nice spank on gbpnzd -100.. funny enough this was the one out the bunch that I had high expectations.. probably part of the problem that I stubbornly kept it longer than i should have to finally do the U on me for a full stop, uglyyyy.
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Passion, Persist, Patience, Protect
  • #4,612
  • Mar 6, 2014 12:08pm Mar 6, 2014 12:08pm
Quoting FXEmpire
{quote} closed EU for 120+.. and a nice spank on gbpnzd -100.. funny enough this was the one out the bunch that I had high expectations.. probably part of the problem that I stubbornly kept it longer than i should have to finally do the U on me for a full stop, uglyyyy. {image} {image} {image} {image}
I think this shock might have something to do with that. Still feeling it, but it *should* bounce back soon. Strange day.
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  • #4,613
  • Mar 6, 2014 10:06pm Mar 6, 2014 10:06pm
Quoting jen101
{quote} I think this shock might have something to do with that. Still feeling it, but it *should* bounce back soon. Strange day. {image}
well there is always shocks and strange last couple of days of first week of every month.. nfp still coming baby. now to add to the mix we got ww3 up our ass too, lol. who cares, can't do much about it but to keep on plugging according to trading plan and stay tough, some will go your way and some don't, with some solid management and patience the results should come out ok.
Passion, Persist, Patience, Protect
  • #4,614
  • Mar 6, 2014 10:12pm Mar 6, 2014 10:12pm
closed this one for 110+.. target was around 130 at lower level but it's close enough considering that i let it be over Asian session to maybe get another full leg out of it. anyways pretty satisfied with this trade as i needed to compensate the frigging gz loss.
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Passion, Persist, Patience, Protect
  • #4,615
  • Mar 7, 2014 12:31am Mar 7, 2014 12:31am
Quoting FXEmpire
closed this one for 110+.. target was around 130 at lower level but it's close enough considering that i let it be over Asian session to maybe get another full leg out of it. anyways pretty satisfied with this trade as i needed to compensate the frigging gz loss. {image} {image}
Nice one .

Quoting jen101
{quote} I think this shock might have something to do with that. Still feeling it, but it *should* bounce back soon. Strange day. {image}
Correction. Maybe not. This could be why the pound is in freefall. What a pillock.
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  • #4,616
  • Mar 7, 2014 3:51am Mar 7, 2014 3:51am
Attempting a breakout on the daily. The fakeout is out of the way so this may be the real deal. I know, I know, NFP shortly but I have a decent SL so fingers crossed.
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  • #4,617
  • Mar 7, 2014 4:09am Mar 7, 2014 4:09am
Quoting jen101
Attempting a breakout on the daily. The fakeout is out of the way so this may be the real deal. I know, I know, NFP shortly but I have a decent SL so fingers crossed. {image}

gutsy play jen, i like it.. go get'em
Passion, Persist, Patience, Protect
  • #4,618
  • Mar 7, 2014 5:38am Mar 7, 2014 5:38am
I took a stab at the NFP here with half load.. since eu is at 2year high and crossing over solid resistant to add positive job number.. it makes it ok risk.. lets see how it plays out.
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Passion, Persist, Patience, Protect
  • #4,619
  • Mar 7, 2014 5:40am Mar 7, 2014 5:40am
Wahey! I must be mad.

Usdchf is still alive.
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  • #4,620
  • Mar 7, 2014 9:34am Mar 7, 2014 9:34am
Quoting jen101
Wahey! I must be mad. Usdchf is still alive. {image} {image}
I had a short just under where you went long on EURJPY, closed it this morning for about 10 pips profit, good job really considering todays movement

I took a loss on my gbpaud long position, for some reason when my stop was hit the position didn't close so I took a pretty heavy hit. I also had a few orders yesterday which weren't hit by a pip or two, out of frustration I moved my high risk trading account funds over to a new ctrader ecn account where the spreads are as tight as a ducks arse, but for some reason the candles are off on most timeframes, the closing price of the previous candle doesn't line up with the opening price of the next one, it's like there's a delay from one candle to the next and it looks silly, I totally forgot that the ecn account closes trading at 10pm gmt for 5 minutes so when the next 4hour or daily candle opens, that is off by a few pips in relation to the close price of the previous candle, this week has been a nightmare not only on the charts, monday can't come quick enough I've just this minute put the funds back into my mt4 account, I won't be using ctrader anymore.

Roll on next week.
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