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Price Action and Trading Discussion

  • #4,761
  • Mar 17, 2014 5:48am Mar 17, 2014 5:48am
I'm really kicking myself; I was going to buy audjpy last night but didn't...
  • #4,762
  • Edited 9:30am Mar 17, 2014 9:11am | Edited 9:30am
long on euraud.. recently this pair is in a wide range 500+, post upward Nov move.. I took this one off the middle level inside this correction box where price has respected several times during, hopefully it will do the same one more time and kick the price to the res above about 200+.. the real is around 4990..

short on nzdchf.. this pair to me is all around chop sideways action for some time now and all kind of levels to go off from.. this particular level has seen a few reaction for some short solid gains.. nothing sexy about it, hopefully it will bounces in my favor too same as it has had behaved all along.

for now all 3 trades of this week are neutral.. I basically need aud to weaken a bit, not that I play correlation it just happens that way sometimes.
Passion, Persist, Patience, Protect
  • #4,763
  • Mar 17, 2014 9:21am Mar 17, 2014 9:21am
Quoting FXEmpire
long on euraud.. .
Sorry FXEmpire, but I'm going to have to get the market to go against you - I'm short on eurgbp and need the euro to weaken! It's currently about 25 pips down.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.PNG Size: 83 KB
  • #4,764
  • Mar 17, 2014 9:26am Mar 17, 2014 9:26am
Quoting jen101
{quote} Sorry FXEmpire, but I'm going to have to get the market to go against you - I'm short on eurgbp and need the euro to weaken! It's currently about 25 pips down. {image}

shoot I am dead, lol.
here you go again jenny, here you go again...

bring it on jenny .. lol
Passion, Persist, Patience, Protect
  • #4,765
  • Mar 18, 2014 4:01am Mar 18, 2014 4:01am
Hi Guys,

Not much yesterday for me, and so far today is shaping up the same way.

I was looking at USDCHF hourly for a potential short, depending on how the last bar just closed.

Unfortunately nothing eventuated there.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,766
  • Mar 18, 2014 6:09am Mar 18, 2014 6:09am
Had to run some errands today, but managed to take a few trades anyway..

Overall ~+160 pips on the day.. here's a couple of my trades (the rest aren't really worth posting):

AUDJPY:

Price came down to a buy zone with some pivots (D + W) + round number + price structure (lots of confluence) around London open +55 Pips

Attached Image (click to enlarge)
Click to Enlarge Name: audjpym30.png Size: 63 KB


GBPNZD:

Price broke support (which happened to be the low from yesterday's NY session) at NY open today for a quick + 60 pips

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm15.png Size: 55 KB
  • #4,767
  • Edited 6:27am Mar 18, 2014 6:12am | Edited 6:27am
Quoting FXKabab
Had to run some errands today, but managed to take a few trades anyway.. Overall ~+160 pips on the day.. here's a couple of my trades (the rest aren't really worth posting): AUDJPY: Price came down to a buy zone with some pivots (D + W) + round number + price structure (lots of confluence) around London open +55 Pips {image} GBPNZD: Price broke support (which happened to be the low from yesterday's NY session) at NY open today for a quick + 60 pips {image}

Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,768
  • Mar 18, 2014 9:14am Mar 18, 2014 9:14am
Quoting FXEmpire
{quote} shoot I am dead, lol. here you go again jenny, here you go again... bring it on jenny .. lol
I saw your euraud go . If it's any consolation my eurgbp hit SL too. Gbpjpy hit BE.

I have a confession to make; I shorted euraud (H4 breakout) and made up for the loss. Wild, crazy day.
  • #4,769
  • Mar 18, 2014 10:25am Mar 18, 2014 10:25am
long on GBPCAD (M15)
Attached Image
  • #4,770
  • Mar 18, 2014 10:31am Mar 18, 2014 10:31am
TP hit for +47
  • #4,771
  • Mar 18, 2014 11:18am Mar 18, 2014 11:18am
Quoting jen101
{quote} I saw your euraud go . If it's any consolation my eurgbp hit SL too. Gbpjpy hit BE. I have a confession to make; I shorted euraud (H4 breakout) and made up for the loss. Wild, crazy day.
I got whooped cross the board.. it's all good though.. been there before, look to bounce back.
it's not normal time of market with things happening in Ukraine.
still a good trader should make the adjustment and make fit to the condition to make profit or stay above water.. I did not do that today.

good to hear you made up the eg loss.
Passion, Persist, Patience, Protect
  • #4,772
  • Mar 18, 2014 12:03pm Mar 18, 2014 12:03pm
Quoting FXEmpire
{quote} I got whooped cross the board.. it's all good though.. been there before, look to bounce back. it's not normal time of market with things happening in Ukraine. still a good trader should make the adjustment and make fit to the condition to make profit or stay above water.. I did not do that today. good to hear you made up the eg loss.
Yes, you'll bounce back; good to see you have the strength of mind. Good luck. I'll send some nice vibes your way .
  • #4,773
  • Mar 19, 2014 12:36am Mar 19, 2014 12:36am
CL on a double bottom.
Seems that after the Crimea situation, CL will be heading back to 100+
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 36 KB
  • #4,774
  • Mar 19, 2014 2:01am Mar 19, 2014 2:01am
Have you seen the new £1 coin they're going to be making? It looks a lot like 1 Euro. http://www.theguardian.com/uk-news/2...-coin-unveiled

Also, theres talk of a special 'surprise' in todays budget, maybe the world is run by reptilians afterall...
  • #4,775
  • Mar 19, 2014 2:43am Mar 19, 2014 2:43am
Quoting GDR3k
Have you seen the new £1 coin they're going to be making? It looks a lot like 1 Euro. http://www.theguardian.com/uk-news/2...-coin-unveiled Also, theres talk of a special 'surprise' in todays budget, maybe the world is run by reptilians afterall...
You read the Guardian? It looks like 50p. Whilst they're making it, they might as well print up loads more; a bit of quantitative easing to make us feel flushed, so we won't be so mad at all the waste....

A question for DarkWolf: the market has been quite unpredictable lately, probably to do with all the uncertainty with Russia; you have had next to no trades - how are you avoiding such a difficult market from a technical perspective? I know you avoid congestion; anything else? Could you give me an example of what you look for and what you avoid?
  • #4,776
  • Mar 19, 2014 2:57am Mar 19, 2014 2:57am
Quoting jen101
{quote} You read the Guardian? It looks like 50p. Whilst they're making it, they might as well print up loads more; a bit of quantitative easing to make us feel flushed, so we won't be so mad at all the waste.... A question for DarkWolf: the market has been quite unpredictable lately, probably to do with all the uncertainty with Russia; you have had next to no trades - how are you avoiding such a difficult market from a technical perspective? I know you avoid congestion; anything else? Could you give me an example of what you look for...
I do I find it to be one of the better rags.
  • #4,777
  • Mar 19, 2014 3:02am Mar 19, 2014 3:02am
Quoting GDR3k
{quote} I do I find it to be one of the better rags.
I read the Mail and get really wound up. Maybe I should read the Beano . European elections in May will be interesting. What if... UKIP get the majority and we quit the EUSSR...
  • #4,778
  • Mar 19, 2014 3:16am Mar 19, 2014 3:16am
Quoting jen101
{quote} I read the Mail and get really wound up. Maybe I should read the Beano . European elections in May will be interesting. What if... UKIP get the majority and we quit the EUSSR...
I read the Daily Heil for laughs, some of the stories on there are diabolical, I often just skip the article and go right to the comments section Some stories do wind me up on there though, especially then they bring into question how lax out justice system is or how someone is really taking the piss and getting away with it due to the authorities very soft approach.

I have also noticed the mails best efforts to discredit Farage and the UKIP but almost everyone on that site can see through it and according to the comments on those particular articles, will be voting UKIP anyway.
  • #4,779
  • Mar 19, 2014 3:21am Mar 19, 2014 3:21am
Quoting GDR3k
{quote} I read the Daily Heil for laughs, some of the stories on there are diabolical, I often just skip the article and go right to the comments section Some stories do wind me up on there though, especially then they bring into question how lax out justice system is or how someone is really taking the piss and getting away with it due to the authorities very soft approach. I have noticed the mails best efforts to discredit Farage and the UKIP but almost everyone on that site can see through it and according to the comments on those particular...
Best thing is for the Tories to replace that muppet with Boris.
  • #4,780
  • Mar 19, 2014 3:38am Mar 19, 2014 3:38am
Quoting jen101
{quote} Best thing is for the Tories to replace that muppet with Boris.
I quite like Boris, some things he comes out with is comedy

Looking to short EURCAD @ 1.5584...
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