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Price Action and Trading Discussion

  • #5,321
  • Aug 12, 2014 6:05am Aug 12, 2014 6:05am
Quoting mcscalpin
Hi everybody: I would watch out for the Liquidity Gaps left behind and the newly formed compression, maybe 13 pips below from actual price. Good day
Hi Mcscalpin,

On any particular pair or just in general ?
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,322
  • Aug 12, 2014 8:24am Aug 12, 2014 8:24am
Anybody looking at EUR/AUD? It has been good to me in the last few months. In fact, EUR/AUD and GBP/AUD are some of my favourite pairs at the moment.

It looks like EUR/AUD is primed for a reversal. Indecision is forming right on top of the 1.4395 support area.

Attached Image (click to enlarge)
Click to Enlarge Name: M2LuBcZ.png Size: 52 KB
  • #5,323
  • Aug 12, 2014 8:32am Aug 12, 2014 8:32am
Hi DarkWolf,

I was referring to the audusd.
  • #5,324
  • Aug 12, 2014 9:00am Aug 12, 2014 9:00am
Hi NickBencino,

I love the euraud, it moves well enough, 1.43160 maybe, price loves to fill the liquidity gaps.
  • #5,325
  • Aug 13, 2014 3:12am Aug 13, 2014 3:12am
Quoting DarkWolF
AUDUSD Hourly: My first hourly trade after being away from the charts for quite some time. Let's see how it plays out. {image}
Stopped on this AUDUSD short. Not a good first trade back
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Hourly Stopped 13-08.jpg Size: 179 KB
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  • #5,326
  • Aug 13, 2014 3:21am Aug 13, 2014 3:21am
Looks like a bit of movement on GBP due to some economic info
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,327
  • Aug 14, 2014 1:10am Aug 14, 2014 1:10am
Quoting jen101
Today's a good day to buy AUD and NZD after last night's Aussie news sent them south. They were both around key levels anyway. Here's one... {image}
NZDJPY hit target yesterday. 50 pips. Still going strong today but I'm done with that one.

Quoting jen101
{quote} {quote} Buy AUD and NZD! (Well I have a big one... SL I mean ) Nice pin bar too. {image}
But sell AUD against NZD Nearly there.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.JPG Size: 446 KB
  • #5,328
  • Aug 14, 2014 1:58am Aug 14, 2014 1:58am
Quoting NickBencino
Anybody looking at EUR/AUD? It has been good to me in the last few months. In fact, EUR/AUD and GBP/AUD are some of my favourite pairs at the moment. It looks like EUR/AUD is primed for a reversal. Indecision is forming right on top of the 1.4395 support area. {image}
EA has been in a strong downtrend the past few months and the obvious trades to take are on pullbacks. However, I find those dangerous as it's not always clear whether it's a pullback or reversal. If you assume the trend will continue, you are really just taking a chance. Personally, I prefer to trade price extremes. The perfect setup for me would be to catch the tip of a spike, lol. EA isn't for me at the moment .
  • #5,329
  • Aug 14, 2014 5:21am Aug 14, 2014 5:21am
Quoting jen101
{quote} {quote} Buy AUD and NZD! (Well I have a big one... SL I mean ) Nice pin bar too. {image}
AU closed at +62pips ahead of US news. A lot going on there, things could get a little hairy.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.JPG Size: 269 KB
  • #5,330
  • Aug 14, 2014 5:21am Aug 14, 2014 5:21am
Quoting DarkWolF
{quote} Stopped on this AUDUSD short. Not a good first trade back {image}
DW,here is my view.Your inputs are welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: 14-8-2014 3-14-37 aud usd 1h.jpg Size: 383 KB
  • #5,331
  • Aug 14, 2014 12:20pm Aug 14, 2014 12:20pm
I think we could see a head and shoulders forming on GU. Just watching .
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.JPG Size: 426 KB
  • #5,332
  • Aug 15, 2014 12:21pm Aug 15, 2014 12:21pm
Around 1.70360 Jen101 would be great!
  • #5,333
  • Aug 18, 2014 2:13am Aug 18, 2014 2:13am
Quoting timos
{quote} DW,here is my view.Your inputs are welcome. {image}
Hi Timos,

Some great logical areas there. Quite a strong possibility that the resistance area at .9350 could be retested, having price holding between the hoizontal areas of .9300 and .9350 which is a proven support and resitance area within in recent times, in particular the .9350 area, especially on the daily view it is a signficant resistance area.

As with all things trading all we can do is trade our plan. If the trade fits your plan then you make the decision to enter or not.

Personally I am not one for the whole supply and demand terminology, and I know there has been plenty of discussion around the whole concept of supply, demand etc etc... To me supply, demand.... support, resistance.... same thing. I know plenty will disagree

However I like your chart and the areas your identifying

Hopefully your targets are achieved.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,334
  • Aug 18, 2014 2:19am Aug 18, 2014 2:19am
Quoting jen101
I think we could see a head and shoulders forming on GU. Just watching . {image}
Indeed a good resistance area to be looking for a price reaction Jen.
Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily 18-08.jpg Size: 207 KB
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  • #5,335
  • Aug 18, 2014 2:26am Aug 18, 2014 2:26am
EURUSD Daily:

Nothing but congestion at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: EU Daily 18-08.jpg Size: 173 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,336
  • Aug 18, 2014 3:43am Aug 18, 2014 3:43am
Quoting DarkWolF
{quote} Hi Timos, Some great logical areas there. Quite a strong possibility that the resistance area at .9350 could be retested, having price holding between the hoizontal areas of .9300 and .9350 which is a proven support and resitance area within in recent times, in particular the .9350 area, especially on the daily view it is a signficant resistance area. As with all things trading all we can do is trade our plan. If the trade fits your plan then you make the decision to enter or not. Personally I am not one for the whole supply and demand terminology,...
Thanks pal.
Yes i know regarding support ,resistance and supply & demand. For me they are different and work different but as long as it works for me it's ok.It doesn't matter what others say as long as you find something that works for you.

Also i don't base my trades only into those areas,i look for daily candles too.Candles itself have a lot more to say than s/r lines.

Wish you and all of us green pipin
  • #5,337
  • Aug 18, 2014 4:00am Aug 18, 2014 4:00am
Quoting timos
{quote} Thanks pal. Yes i know regarding support ,resistance and supply & demand. For me they are different and work different but as long as it works for me it's ok.It doesn't matter what others say as long as you find something that works for you. Also i don't base my trades only into those areas,i look for daily candles too.Candles itself have a lot more to say than s/r lines. Wish you and all of us green pipin
Indeed I totally agree with you there and you will find that I have said it time and time again across this thread. If it works for you then keep doing it.

Yes, I tend to take into consideration, horizontal areas, chart patterns and candles themselves. Look at the bigger picture when looking to take entries.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,338
  • Aug 18, 2014 4:01am Aug 18, 2014 4:01am
Not too much so far today for me.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,339
  • Aug 20, 2014 3:34am Aug 20, 2014 3:34am
Quoting timos
{quote} DW,here is my view.Your inputs are welcome. {image}
Hi Guys,

Was away from home last night so no trading for me. Looks like you nailed this one timos pretty much to the pip. Nice work
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,340
  • Aug 20, 2014 3:46am Aug 20, 2014 3:46am
Just checked over my watchlists, nothing much going on again for me
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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