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Price Action and Trading Discussion

  • #4,701
  • Mar 11, 2014 3:32pm Mar 11, 2014 3:32pm
Quoting jen101
{quote} Yes, but going the wrong way. I think this week might be another breakout week, like last week... Pending orders are dangerous; I might give them a miss...
I've given it a 56 pip stop with a 56 pip target, I think that should be enough breathing room for it to do whatever it needs to do before a move back up. No news out for gbp or jpy until late thursday night.
  • #4,702
  • Mar 12, 2014 1:11am Mar 12, 2014 1:11am
Quoting GDR3k
{quote} I've given it a 56 pip stop with a 56 pip target, I think that should be enough breathing room for it to do whatever it needs to do before a move back up. No news out for gbp or jpy until late thursday night.
Mine's gone. I had 33/33. That's enough now.
  • #4,703
  • Mar 12, 2014 2:07am Mar 12, 2014 2:07am
This is more my comfort zone . I'll set BE soon.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.PNG Size: 77 KB
  • #4,704
  • Mar 12, 2014 2:20am Mar 12, 2014 2:20am
Quoting jen101
This is more my comfort zone . I'll set BE soon. {image}
My stop was just hit
  • #4,705
  • Mar 12, 2014 2:21am Mar 12, 2014 2:21am
Hi Guys,

Anyone watching anything ?

Not much for me to start off again, if we see some breaks of all this congestion maybe something might open up.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,706
  • Mar 12, 2014 2:24am Mar 12, 2014 2:24am
Quoting jen101
This is more my comfort zone . I'll set BE soon. {image}
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,707
  • Mar 12, 2014 2:28am Mar 12, 2014 2:28am
Quoting DarkWolF
Hi Guys, Anyone watching anything ? Not much for me to start off again, if we see some breaks of all this congestion maybe something might open up.
Morning, currently watching a few pairs but only to scalp 10-20 pips per position
  • #4,708
  • Mar 12, 2014 2:38am Mar 12, 2014 2:38am
Quoting DarkWolF
Hi Guys, Anyone watching anything ? Not much for me to start off again, if we see some breaks of all this congestion maybe something might open up.
Im watching GBPUSD, if it breaks below 1.6600 we might see a big move down.

There is a nice double top on the daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 17 KB
  • #4,709
  • Mar 12, 2014 2:55am Mar 12, 2014 2:55am
Quoting DarkWolF
Hi Guys, Anyone watching anything ? Not much for me to start off again, if we see some breaks of all this congestion maybe something might open up.
Eurgbp. See what today brings, but that looks like it could be heading down.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.PNG Size: 90 KB
  • #4,710
  • Mar 12, 2014 5:04am Mar 12, 2014 5:04am
Well looking like another day of no trades for me.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,711
  • Mar 12, 2014 5:43am Mar 12, 2014 5:43am
Quoting DarkWolF
Well looking like another day of no trades for me.

and for it's a week of defending.. tough market.
Passion, Persist, Patience, Protect
  • #4,712
  • Mar 12, 2014 5:44am Mar 12, 2014 5:44am
The traps have been set...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: LcGnn.png Size: 35 KB
Click to Enlarge Name: 9cGnn.png Size: 37 KB
  • #4,713
  • Mar 12, 2014 5:49am Mar 12, 2014 5:49am
EURNZD 4 Hourly:

Potentially worth keeping an eye on.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 179 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,714
  • Mar 12, 2014 6:17am Mar 12, 2014 6:17am
just got triggered long on audjpy 92.003.. decent support line for a bounce hopefully.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.im30.png Size: 45 KB
Passion, Persist, Patience, Protect
  • #4,715
  • Mar 12, 2014 6:38am Mar 12, 2014 6:38am
My eurjpy short hit BE but I re-opened it . I closed nzdusd short earlier for 1 pip because I was getting pissed off with it; not sure what it's going to do. Yes, tough week.
  • #4,716
  • Mar 12, 2014 6:56am Mar 12, 2014 6:56am
Attack and Defend, that's my motto..
Passion, Persist, Patience, Protect
  • #4,717
  • Mar 12, 2014 7:16am Mar 12, 2014 7:16am
triggered short on gbpaud.. former res where has turned to sup/res a few times which makes it a effective level to trade from.. let's see how it responds this time around.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud.im30.png Size: 57 KB
Passion, Persist, Patience, Protect
  • #4,718
  • Mar 12, 2014 8:39am Mar 12, 2014 8:39am
Talking about resistance turning to support a few times, I'm watching this. I'd like to see today be a nice pin bar.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.PNG Size: 88 KB
  • #4,719
  • Mar 12, 2014 8:46am Mar 12, 2014 8:46am
Quoting jen101
Talking about resistance turning to support a few times, I'm watching this. I'd like to see today be a nice pin bar. {image}
nice one, all over that as well jen.. already a nice 4hr pin..
however my level is a bit lower than yours round it at 170.000, depending on reaction I intend to go long off that.
Passion, Persist, Patience, Protect
  • #4,720
  • Mar 12, 2014 8:53am Mar 12, 2014 8:53am
Quoting FXEmpire
{quote} nice one all over that as well jen.. you already got nice 4hr pin.. however my level is a bit lower than yours round it at 170.000, depending on reaction I intend to go long off that.
It's coming off the 23.6 fib as well .
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