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Price Action and Trading Discussion

  • #5,041
  • May 5, 2014 7:20pm May 5, 2014 7:20pm
$GBPNZD 4hr http://screencast.com/t/Lb5LgpPqc


$USDCHF still waiting for confirmation but chilling at a minor support area IMO http://screencast.com/t/6Y9ZXbtNh
  • #5,042
  • May 5, 2014 7:32pm May 5, 2014 7:32pm
Quoting FXEmpire
long on af.. taking it from recent bottom.. looking to get bottom-err, lol.. the way this sob is been acting that's what most likely will happen.. {image}
Like it missed ideal entry would target 8160 area on a one hour chart play. ABCD pattern in play typically runs a 61.8 before continuing larger trend, http://screencast.com/t/rPjqef0Nomc
  • #5,043
  • May 6, 2014 1:02am May 6, 2014 1:02am
Quoting FXEmpire
{quote} here we go just got triggered long along with gchf..
I'm not on that one but I need it to go up too as I have chfjpy short going from 116.581 from a few days ago. Gbpjpy long moving well, formed a nice daily pin bar .
  • #5,044
  • May 6, 2014 1:46am May 6, 2014 1:46am
Quoting jen101
{quote} I'm not on that one but I need it to go up too as I have chfjpy short going from 116.581 from a few days ago. Gbpjpy long moving well, formed a nice daily pin bar .
cool I hope it hits your target.
gj is doing well this am lets see if the move continues..

so are we on for tonight? made reservations.. lol
Passion, Persist, Patience, Protect
  • #5,045
  • May 6, 2014 2:46am May 6, 2014 2:46am
Quoting FXEmpire
short on gbpaud.. I am looking for another devilish spank {image}

this one moved for a possible +60 bank but I was sleep when it moved off the news which i risked keeping it for.. I wanted to set the tp at +60 but decided to go for the next level for about +80.. I figured if it move in may favor then it has better chance to hit bigger.. anyways, overall it's such unsustainable market these days.. nothing sustains even for a slightest time to make have chance to make a decision about, whiplashes, plots momo-less stuff.. frustrating indeed.
at least this is what I am experiencing with the way i trade I wonder if you guys relate too.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud.ih1.png Size: 71 KB
Passion, Persist, Patience, Protect
  • #5,046
  • May 6, 2014 3:11am May 6, 2014 3:11am
Quoting FXEmpire
{quote} cool I hope it hits your target. gj is doing well this am lets see if the move continues.. so are we on for tonight? made reservations.. lol
Must be my brains

Gbpjpy should carry on. Pin bars are pretty reliable on higher TF's.
  • #5,047
  • May 6, 2014 3:27am May 6, 2014 3:27am
Quoting jen101
{quote} Must be my brains Gbpjpy should carry on. Pin bars are pretty reliable on higher TF's.

yep, thank god I have that one.. closed rest of them based on being too disgusted, lol

you sound like jimbo group.. pin at no significant level has as the same chance as me getting laid with Angie Jolie.. and I am good looking not to brag.. lol
Passion, Persist, Patience, Protect
  • #5,048
  • May 6, 2014 3:34am May 6, 2014 3:34am
Quoting FXEmpire
{quote} yep, thank god I have that one.. closed rest of them based on being too disgusted, lol you sound like jimbo group.. pin at no significant level has as the same chance as me getting laid with Angie Jolie.. and I am good looking not to brag.. lol
What?! Pin at confluence of major trend line on weekly and support on uptrend!
  • #5,049
  • May 6, 2014 3:49am May 6, 2014 3:49am
Quoting jen101
{quote} What?! Pin at confluence of major trend line on weekly and support on uptrend!
I was generally speaking.. not every pin bar is reliable, even on higher tf 4hr+.. it has to be sitting at something major.

anyhow, I took this one off the simple recent hourly support. sure there is a nice little 4hr pin bar which if I had waited I would not have been stung on my first tryout off this level.. but look at my entry off the pin vs the entry on the pin, much higher, sums to larger stop.. there is a give and take all the time.

your analysis is way too sexy for me to handle jennyyy, lol.
Passion, Persist, Patience, Protect
  • #5,050
  • May 6, 2014 3:59am May 6, 2014 3:59am
Quoting FXEmpire
check out this damn shadow.. one reason why this market is such a beast it took me out of my long and at the same time trigged a few people short in here.. and now it's back up. who knows what's in store but it's been playing us like a drum.. bastard, lol well, I am not backing down, lol.. sticking with going with re-entry.. this baby is not going to run up with out meeeee... and I will punish it for +70 this time.. you got that jennyyyy.. {image}

out of this one for about +60.. can't let everything to slip away.. it's frigin warfare..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.ih1.png Size: 64 KB
Passion, Persist, Patience, Protect
  • #5,051
  • May 6, 2014 4:12am May 6, 2014 4:12am
Quoting FXEmpire
{quote} I was generally speaking.. not every pin bar is reliable, even on higher tf 4hr+.. it has to be sitting at something major. anyhow, I took this one off the simple recent hourly support. sure there is a nice little 4hr pin bar which if I had waited I would not have been stung on my first tryout off this level.. but look at my entry off the pin vs the entry on the pin, much higher, sums to larger stop.. there is a give and take all the time. your analysis is way too sexy for me to handle jennyyy, lol.
I ignore candlestick patterns on anything less than daily (unless I'm in profit and looking to exit). I don't think you can get more reliable than pin bars on daily or weekly. Engulfing patterns aren't all that against the trend - I only take notice of those for trend continuation.
  • #5,052
  • May 6, 2014 4:19am May 6, 2014 4:19am
Hi Guys,

Ok just booting up charts now to see whats on offer. Hopefully better than yesterday for me.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,053
  • May 6, 2014 4:37am May 6, 2014 4:37am
Quoting FXEmpire
{quote} out of this one for about +60.. can't let everything to slip away.. it's frigin warfare.. {image}
Nice Trade I think thats a great exit http://screencast.com/t/xqzk31gq
  • #5,054
  • May 6, 2014 4:40am May 6, 2014 4:40am
I'm Watching EURJPY for a short entry 1hr 4hr at minor Resistance levels

http://screencast.com/t/1H23moRzc6w
  • #5,055
  • May 6, 2014 4:40am May 6, 2014 4:40am
Quoting njodogg
{quote} Nice Trade I think thats a great exit http://screencast.com/t/xqzk31gq

thanks.. ya I hoped for it to run through that damn cluster area but it did not and I pulled it.. But I think it will.
Passion, Persist, Patience, Protect
  • #5,056
  • May 6, 2014 4:47am May 6, 2014 4:47am
missed that one this morning (GBPJPY, M15, long)
Attached Image (click to enlarge)
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  • #5,057
  • May 6, 2014 4:47am May 6, 2014 4:47am
Quoting njodogg
I'm Watching EURJPY for a short entry 1hr 4hr at minor Resistance levels http://screencast.com/t/1H23moRzc6w
I'm looking at 142.570 for a short to ride it back down.
  • #5,058
  • May 6, 2014 4:47am May 6, 2014 4:47am
Well first glimpse today for me not too much on the hourly charts.

I will check out the daily and 4 hourly a little later as just gotta work on something for a bit.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,059
  • May 6, 2014 4:50am May 6, 2014 4:50am
Quoting GDR3k
{quote} I'm looking at 142.570 for a short to ride it back down.
Quoting njodogg
I'm Watching EURJPY for a short entry 1hr 4hr at minor Resistance levels http://screencast.com/t/1H23moRzc6w
That was certainly a strong push up though. But does not mean it wont push back now just as hard.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,060
  • May 6, 2014 4:50am May 6, 2014 4:50am
Quoting njodogg
I'm Watching EURJPY for a short entry 1hr 4hr at minor Resistance levels http://screencast.com/t/1H23moRzc6w
I am watching a level a little above yours as I pointed in your own chart..
to me the level your pointing has been diminished a bit due to two breakaways (the red box)

anyhow where ever in that range your D form it should be a good short..
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-05-06_0539.png Size: 39 KB
Passion, Persist, Patience, Protect
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