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Price Action and Trading Discussion

  • #5,201
  • May 19, 2014 2:05am May 19, 2014 2:05am
Morning to all to start the week off.. I am falling short on my action percentage massively on this account.. by paying more attention it shall become a green week and hope the same for you all.. let's trade a way..

short on gbpchf simply from recent highs level.. looking for 3-4R
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.ih1.png Size: 63 KB
Passion, Persist, Patience, Protect
  • #5,202
  • May 19, 2014 4:10am May 19, 2014 4:10am
Quoting FXEmpire
Morning to all to start the week off.. I am falling short on my action percentage massively on this account.. by paying more attention it shall become a green week and hope the same for you all.. let's trade a way.. short on gbpchf simply from recent highs level.. looking for 3-4R {image}
Rising wedge . It should go down nicely for you.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.JPG Size: 303 KB
  • #5,203
  • May 19, 2014 4:16am May 19, 2014 4:16am
Quoting jen101
{quote} Rising wedge . It should go down nicely for you. {image}
This time around I love your wedge analogy a lot more foxy jenny,

should i be worried on the words "rise" though? lol
Passion, Persist, Patience, Protect
  • #5,204
  • May 19, 2014 4:26am May 19, 2014 4:26am
Quoting FXEmpire
{quote} This time around I love your wedge analogy a lot more foxy jenny, should i be worried on the words "rise" though? lol
Trust me, it's a bearish pattern.
  • #5,205
  • May 19, 2014 7:00am May 19, 2014 7:00am
couple of more trades.. buy on audcad and usdcad.. both simply off the recent support levels..

my gchf trade was doing just fine till jenny start talking about it, lol..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audcad.ih1.png Size: 59 KB
Click to Enlarge Name: usdcad.ih1.png Size: 65 KB
Passion, Persist, Patience, Protect
  • #5,206
  • May 19, 2014 7:00am May 19, 2014 7:00am
Quoting jen101
{quote} Trust me, it's a bearish pattern.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,207
  • May 19, 2014 7:01am May 19, 2014 7:01am
Quoting FXEmpire
couple of more trades.. buy on audcad and usdcad.. both simply off the recent support levels.. my gchf trade was doing just fine till jenny start talking about it, lol.. {image} {image}
So far so good
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,208
  • May 19, 2014 7:48am May 19, 2014 7:48am
Quoting FXEmpire
couple of more trades.. buy on audcad and usdcad.. both simply off the recent support levels.. my gchf trade was doing just fine till jenny start talking about it, lol.. {image} {image}
Patience....!
  • #5,209
  • May 20, 2014 3:06am May 20, 2014 3:06am
Quoting jen101
{quote} Trust me, it's a bearish pattern.

got wedge out, lol .. new name for this pattern..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.ih1.png Size: 63 KB
Passion, Persist, Patience, Protect
  • #5,210
  • May 20, 2014 3:18am May 20, 2014 3:18am
Quoting FXEmpire
{quote} got wedge out, lol .. new name for this pattern.. {image}
Oh dear Gbp has really taken off this morning. Commiserations.

We have the European elections here in the UK on Thursday, so things could get a little interesting. I'm going to do my bit to see off those unelected, dictatorial, theiving (£55million a day) Eurocrats and I think millions could do likewise. We need to dump the EUSSR!
  • #5,211
  • May 20, 2014 3:27am May 20, 2014 3:27am
Quoting jen101
{quote} Oh dear Gbp has really taken off this morning. Commiserations. We have the European elections here in the UK on Thursday, so things could get a little interesting. I'm going to do my bit to see off those unelected, dictatorial, theiving (£55million a day) Eurocrats and I think millions could do likewise. We need to dump the EUSSR!
UKIP?
  • #5,212
  • May 20, 2014 3:39am May 20, 2014 3:39am
Quoting GDR3k
{quote} UKIP?
Most definitely. This country has been too wet for too long and I'm not talking about the weather. We are the laughing stock of the world and need a drastic swing to the right. Just like it happens on the charts .
  • #5,213
  • May 20, 2014 4:44am May 20, 2014 4:44am
Quoting jen101
{quote} Most definitely. This country has been too wet for too long and I'm not talking about the weather. We are the laughing stock of the world and need a drastic swing to the right. Just like it happens on the charts .
I'm going UKIP too, LibLabCon are a joke.

Have you noticed all the negative media towards UKIP over the past few weeks? convenient don't you think, considering european elections are round the corner.
  • #5,214
  • May 20, 2014 5:05am May 20, 2014 5:05am
Quoting GDR3k
{quote} I'm going UKIP too, LibLabCon are a joke. Have you noticed all the negative media towards UKIP over the past few weeks? convenient don't you think, considering european elections are round the corner.
Just shows how desperate they are. In business you never ever criticize your competitors or customers. In doing so, it reflects badly on you. They are clueless, the lot of them. The UK economy is good because of the huge influx of immigrants, but turnover is not much of a picture. The balance sheet is laughable.
  • #5,215
  • May 20, 2014 5:25am May 20, 2014 5:25am
Quoting jen101
{quote} Just shows how desperate they are. In business you never ever criticize your competitors or customers. In doing so, it reflects badly on you. They are clueless, the lot of them. The UK economy is good because of the huge influx of immigrants, but turnover is not much of a picture. The balance sheet is laughable.
They're scared, that much is obvious, these career politicians who haven't done a days work in their life are clutching at straws. Clegg looked a right idiot during the tv debate with Farage a while back.

Here's an interesting read...the real reason the Tories are allowing the destruction of robin eggs and nests
  • #5,216
  • Edited 5:41am May 20, 2014 5:30am | Edited 5:41am
Quoting GDR3k
{quote} They're scared, that much is obvious, these career politicians who haven't done a days work in their life are clutching at straws. Clegg looked a right idiot during the tv debate with Farage a while back. Here's an interesting read...the real reason the Tories are allowing the destruction of robin eggs and nests
I'll vote Tory again if Boris leads it, they form a coalition with UKIP and we get Farage as deputy .

Have you seen this? The EU are determined to destroy London. http://www.dailymail.co.uk/news/arti...ction-tax.html
  • #5,217
  • May 21, 2014 5:22am May 21, 2014 5:22am
If UKIP wipe the board in the European elections tomorrow, we could see the pound rocket. It would be inevitable we will pull out of Europe. We will be free from the shackles of the EU, we will not be subsidizing French farmers, supporting Eastern Europe or throwing money at the fat bureaucrats in Brussels sitting there thinking of new ways to screw us. In fact, the legendary generosity of the British taxpayer could be over. Actually, that is wishful thinking, we have a long way to go. We can start by slamming shut our borders to all of Europe's scroungers.

So when we can trade freely with the rest of the world, there will be an influx of investment here. The City would not have to worry about FTT. GBP will go through the roof. GU could reach 2 again.
  • #5,218
  • May 22, 2014 11:09am May 22, 2014 11:09am
Quoting jen101
If UKIP wipe the board in the European elections tomorrow, we could see the pound rocket. It would be inevitable we will pull out of Europe. We will be free from the shackles of the EU, we will not be subsidizing French farmers, supporting Eastern Europe or throwing money at the fat bureaucrats in Brussels sitting there thinking of new ways to screw us. In fact, the legendary generosity of the British taxpayer could be over. Actually, that is wishful thinking, we have a long way to go. We can start by slamming shut our borders to all of Europe's...
have you got any buy stops waiting incase it takes off on the good news?
  • #5,219
  • May 22, 2014 12:38pm May 22, 2014 12:38pm
Quoting GDR3k
{quote} have you got any buy stops waiting incase it takes off on the good news?
I have on the chance jen101 has a valid point, but even if they did win the votes by a huge margin, don't we have to have a referendum, which might not lead to us leaving?
  • #5,220
  • May 22, 2014 12:55pm May 22, 2014 12:55pm
Quoting sandy-pip
{quote} I have on the chance jen101 has a valid point, but even if they did win the votes by a huge margin, don't we have to have a referendum, which might not lead to us leaving?
Most definitely, however I assume that's why almost everyone I've talked to is voting for UKIP because they will get us out of europe or atleast bring back our own ability to make our own laws etc instead of fatcats in brussels sitting around all day thinking of new ways to screw everyone over.

I also suspect most people have had enough of the big 3 parties, so out of touch with the average citizen it's frightening and constantly being told empty promises.
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