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Price Action and Trading Discussion

  • #5,421
  • Sep 5, 2014 2:46am Sep 5, 2014 2:46am
Quoting jhehe
{quote} No problem! I'm just glad to see you keep this thread alive, it's already very informative. Yes, it does answer my question. I guess experience will tell.
Well as long as I am still trading the thread will remain alive. There are those times when I might take a break here and there but will be back
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,422
  • Sep 5, 2014 2:48am Sep 5, 2014 2:48am
With today being NFP day, I will most likely simply be a spectator to the charts today.

Even without that taking place my first look at my watchlists didn't offer too much for me.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,423
  • Sep 5, 2014 2:51am Sep 5, 2014 2:51am
Quoting DarkWolF
With today being NFP day, I will most likely simply be a spectator to the charts today. Even without that taking place my first look at my watchlists didn't offer too much for me.
It is Friday night, so maybe while playing the spectator sport it is time to grab myself a nice cold beer
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,424
  • Sep 5, 2014 6:38am Sep 5, 2014 6:38am
Quoting DarkWolF
{quote} Check out the daily chart that may give you a different overview. Looking at it from a lower TF perspective however, I would like to see it break and hold above the 1.0900 level before having a longer term bullish bias. However today is NFP day I would be cautious with and USD crosses.
I see what you mean. Yeah, I should've mentioned that I was looking to close out before the NFP release, not much of a news trader. Ended up closing early.
  • #5,425
  • Sep 6, 2014 6:24am Sep 6, 2014 6:24am
Quoting jhehe
{quote} I see what you mean. Yeah, I should've mentioned that I was looking to close out before the NFP release, not much of a news trader. Ended up closing early.
I dont trade the news at all and dont let it bother me too much in my decisions unless I am trading from the hourly or 5 min chart but dont do that too much these days. But NFP week on Thursday and Friday I will pay particular attention to any positions that I may have open. There are times when the market barely reacts to it but others when the volatility can be a bit crazy.

And as with all things trading, there is every chance that the pair will go and be bullish..... There is only one certaintity in trading.... and that is that nothing is for certain

Plan your trade..... Trade your plan......
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,426
  • Sep 6, 2014 11:39am Sep 6, 2014 11:39am
What do u think about this guys ?
Attached Image (click to enlarge)
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  • #5,427
  • Sep 7, 2014 2:19pm Sep 7, 2014 2:19pm
Dark,
GBP/USD broke a Pivot Point Zone (with some important supports) with a big gap.
I'm waiting for a good PA near the Ellipse in the chart looking to sell.
TP would be near 1.6
What do you think?
Attached Image (click to enlarge)
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  • #5,428
  • Sep 8, 2014 2:37am Sep 8, 2014 2:37am
Hi Guys,

First look at the charts for the week. Not much going on for me on my watchlists. A lot of consolidation at the moment after the end of last week.

It's the time to be patient and let the market do what the market will do.

Kouroushi and forexinblood I will check out those charts soonish just got a few things I need to care of.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,429
  • Sep 8, 2014 3:32am Sep 8, 2014 3:32am
will gold hit my tp or SL ?
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  • #5,430
  • Sep 8, 2014 3:34am Sep 8, 2014 3:34am
Quoting DarkWolF
Hi Guys, First look at the charts for the week. Not much going on for me on my watchlists. A lot of consolidation at the moment after the end of last week. It's the time to be patient and let the market do what the market will do. Kouroushi and forexinblood I will check out those charts soonish just got a few things I need to care of.


ok dude...
  • #5,431
  • Sep 8, 2014 4:16am Sep 8, 2014 4:16am
Quoting forexinblood
What do u think about this guys ? {image}
Some good solid levels there for TP and SL pretty much where I put them if I was to take a position on this one.

The trend is clearly bullish and price is holding above the 96.00 area.

Does it fit in with your trading plan for an entry ?
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,432
  • Sep 8, 2014 4:21am Sep 8, 2014 4:21am
Quoting Kouroushi
Dark, GBP/USD broke a Pivot Point Zone (with some important supports) with a big gap. I'm waiting for a good PA near the Ellipse in the chart looking to sell. TP would be near 1.6 What do you think? {image}
A great area to be looing for PA. I would think that we will see this pair pullback at some point in the future. Clearly bearish sentiment, pullbacks to solid resistance areas will be worth keeping an eye on.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,433
  • Sep 8, 2014 4:22am Sep 8, 2014 4:22am
Quoting forexinblood
will gold hit my tp or SL ? {image}
I dont follow gold too much, looks to be swinging down though, good luck with it, hopefully your TP and not your SL
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,434
  • Sep 8, 2014 6:48am Sep 8, 2014 6:48am
Quoting DarkWolF
{quote} Some good solid levels there for TP and SL pretty much where I put them if I was to take a position on this one. The trend is clearly bullish and price is holding above the 96.00 area. Does it fit in with your trading plan for an entry ?

yah it does fit with my trading plan.still i m holding my position ...i have used 0.75% risk of my capital..market is still at same price today..hope tomorrow will get a result..
  • #5,435
  • Sep 8, 2014 10:05am Sep 8, 2014 10:05am
Quoting forexinblood
will gold hit my tp or SL ? {image}
TP 2 hit also
  • #5,436
  • Sep 9, 2014 2:19am Sep 9, 2014 2:19am
Quoting forexinblood
{quote} TP 2 hit also
Nice work
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,437
  • Sep 9, 2014 7:45am Sep 9, 2014 7:45am
Quoting forexinblood
What do u think about this guys ? {image}
My trade on AudJpy
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Risk / Trade Management is the name of the Game
  • #5,438
  • Sep 9, 2014 7:45am Sep 9, 2014 7:45am
Also CadChf looks pretty in shape
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Risk / Trade Management is the name of the Game
  • #5,439
  • Sep 9, 2014 8:00am Sep 9, 2014 8:00am
Quoting FxSaint
{quote} My trade on AudJpy {image}
Quoting FxSaint
Also CadChf looks pretty in shape {image}
Yes. AUD is a good sell and CHF is a good buy at the moment .
Attached Image(s) (click to enlarge)
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  • #5,440
  • Sep 9, 2014 11:39pm Sep 9, 2014 11:39pm
Quoting forexinblood
What do u think about this guys ? {image}

TP hit
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