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Price Action and Trading Discussion

  • #5,181
  • May 13, 2014 1:42pm May 13, 2014 1:42pm
EUR/CHF.Resistanse at 1,2212 ?Resistanse at SMA 50 ?Pullback to tringel line ? Fake break out ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot Studio capture #668.jpg Size: 160 KB
  • #5,182
  • May 13, 2014 9:14pm May 13, 2014 9:14pm
EURCAD : potential head and shoulder ? We'll see... I'll watch this pair closely.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADDaily.png Size: 26 KB
  • #5,183
  • May 13, 2014 9:19pm May 13, 2014 9:19pm
AUDUSD : interesting to see the inverted head and shoulder target, based on calculation between lower of the head and the neckline, maybe AUDUSD could reach 0.95.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.png Size: 23 KB
  • #5,184
  • May 13, 2014 9:33pm May 13, 2014 9:33pm
Quoting nus
EURCAD : potential head and shoulder ? We'll see... I'll watch this pair closely. {image}
I'm keeping a close eye on this pair too.Us about AUD/USD i see a Cup and Handel there.
  • #5,185
  • May 14, 2014 6:03am May 14, 2014 6:03am
Quoting DarkWolF
EURNZD Daily: Short position taken on EURNZD daily. {image}
EURNZD Daily:

Haven't been able to be at the charts too much over the last day. This one came quite close to my pending TP order overnight. I closed it out manually earlier today with a potential bounce at the support level. Heading back down during the session today, but all good happy with the pips I got.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURNZD Daily 09-05.jpg Size: 159 KB
Click to Enlarge Name: EURNZD Daily TP 14-05.jpg Size: 186 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,186
  • May 14, 2014 7:12pm May 14, 2014 7:12pm
short on AUDUSD (H1)
Attached Image (click to enlarge)
Click to Enlarge Name: Bildschirmfoto 2014-05-15 um 02.09.30.png Size: 21 KB
  • #5,187
  • May 15, 2014 12:50am May 15, 2014 12:50am
Buy gbpjpy.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.PNG Size: 55 KB
  • #5,188
  • May 15, 2014 3:01am May 15, 2014 3:01am
SL hit first time ever with this strategy...
  • #5,189
  • May 15, 2014 3:51am May 15, 2014 3:51am
Quoting inad07
SL hit first time ever with this strategy...
what strategy ?

thanks in advance
  • #5,190
  • May 15, 2014 4:30am May 15, 2014 4:30am
Quoting FXEmpire
{quote} It's about to take out my stop.. happy now.. you foxy fox!!.. lol
Well it took out my stop too....
  • #5,191
  • Edited 5:52am May 15, 2014 5:29am | Edited 5:52am
Quoting bradu
{quote} what strategy ? thanks in advance
very simple but effective. i watch the M15 (or higher) charts and wait for the price to bounce back from a previous swing high/ swing low (in addition to that, i am looking for longs when price is above SMA(600) and shorts when it is below)

just search for some of my pics in this forum and you'll get the idea

it requires a lot of discipline though! sometimes i take one trade in two weeks...
  • #5,192
  • May 15, 2014 7:18am May 15, 2014 7:18am
Quoting DarkWolF
{quote} Indeed, but the trendline is another key area to be keeping an eye on. Been holding above that for some time now. {image}
GBPUSD Daily:

Has taken a few days to get there, but the trend line area has stalled price.

Now to see who wins the battle, bulls or bears.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD 09-05.jpg Size: 177 KB
Click to Enlarge Name: GBPUSD Daily 15-05.jpg Size: 159 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,193
  • May 16, 2014 3:16am May 16, 2014 3:16am
EUR/AUD is testing resistance zone:
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader 5.png Size: 75 KB
  • #5,194
  • May 16, 2014 3:33am May 16, 2014 3:33am
Caught the bounce on gbpcad
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Click to Enlarge Name: gbpcad.PNG Size: 54 KB
  • #5,195
  • Edited 6:24am May 16, 2014 5:38am | Edited 6:24am
short on EURJPY (only M10), not the best set up, only half of my normal position size
---
update: hit BE
Attached Image (click to enlarge)
Click to Enlarge Name: Bildschirmfoto 2014-05-16 um 12.25.11.png Size: 23 KB
  • #5,196
  • May 16, 2014 8:29am May 16, 2014 8:29am
Quoting jen101
Caught the bounce on gbpcad {image}
Target hit. 86 pips.
  • #5,197
  • May 16, 2014 9:49am May 16, 2014 9:49am
Quoting jen101
{quote} Target hit. 86 pips.

well done foxy..
Passion, Persist, Patience, Protect
  • #5,198
  • May 16, 2014 10:08am May 16, 2014 10:08am
Quoting FXEmpire
{quote} well done foxy..
Thanks cool dude .
  • #5,199
  • May 17, 2014 9:48am May 17, 2014 9:48am
Back from vacation getting a little Saturday grind in.

Daily Currency Strength (Strongest to Weakest ------ is 0 line)

CAD
JPY
AUD
GBP
NZD
--------------
USD
EUR
CHF
http://screencast.com/t/kUhzgnSy0aLZ

4hr Currency Strength

JPY
AUD
CAD
USD
NZD
------------
GBP
EUR
CHF
http://screencast.com/t/cjPFkQrRw

Quick glance it looks like I will start hunting for trades in the following pairs/direction

Shorts $CHFJPY/ $EURAUD/ $EURCAD/ $EURJPY/ Longs $AUDCHF $CADCHF

More work to do but that's a start! Hope everyone had a great week!
  • #5,200
  • May 17, 2014 10:22am May 17, 2014 10:22am
$CHFJPY had a decent little Bear Pin if it can get through 113.665 should open the door to at least 113.250 then a large area to 111.700 Area

http://screencast.com/t/e0k7jtWFOQI
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