Price Action and Trading Discussion | Page 275 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price action at the core = family members' discussion project 2,214 replies

Price Action discussion 26 replies

Volume Price Level Trading Discussion Area 1 reply

Trading and Exchanges Discussion Thread 17 replies

Maxsmarts Trading Journal and Discussion 164 replies

Attachments: Price Action and Trading Discussion
Exit Attachments

Price Action and Trading Discussion

  • #5,481
  • Edited 2:57pm Sep 12, 2014 2:43pm | Edited 2:57pm
Quoting jen101
{quote} It's not in a downtrend. At best it's in a range, but it's looking like it's breaking out. Around 139.00 could be a turning point or pullback.
So here it is before the event... If you choose to copy me, don't blame me if it goes wrong and I reserve the right to cancel the order without further comment if the wind changes direction. It's a woman's prerogative...

Edit: if price goes over 139.300 or thereabouts, I'll cancel the order.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.JPG Size: 418 KB
  • #5,482
  • Sep 12, 2014 10:06pm Sep 12, 2014 10:06pm
Quoting jen101
{quote} I blame GDR3k
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,483
  • Sep 12, 2014 10:15pm Sep 12, 2014 10:15pm
AUDUSD 4 Hourly:

Here is how this one played out for me. I was about to get this image up last night, my wife took over my PC for a period of time and then I faded with the good ol' man flu again (feeling much better today ) and didnt get back to do it.

So watching the daily, price made a break of the range that it has been in for quite some time. On the 4 hourly chart we can see a clear retest to the bottom of that range at the .9200 area. This is where I was hoping to see this happen. Put a pending order in. Price continued to push down with the target area being achieved.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU Daily 13-09.jpg Size: 151 KB
Click to Enlarge Name: AUDUSD 4 Hourly pending 11-09.jpg Size: 155 KB
Click to Enlarge Name: AUDUSD 4 Hourly TP 12-09.jpg Size: 167 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,484
  • Sep 12, 2014 10:19pm Sep 12, 2014 10:19pm
AUDCAD 4 Hourly:

Had a pending order in the market for this pair also. I was going to cancel it when AUDUSD got hit and this one didnt. However I didnt and left it there. Has now been trigered but sitting with a small drawdown at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD 4 Hourly pending 11-09.jpg Size: 161 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,485
  • Sep 12, 2014 10:24pm Sep 12, 2014 10:24pm
Quoting Pradarp
{image}DW, can you give some insights about tp level.. because i feel i am getting out so early.. and in this trade where is most probable area?
And looking like that original target area would have got hit for you.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,486
  • Sep 13, 2014 3:35am Sep 13, 2014 3:35am
Quoting DarkWolF
{quote} And looking like that original target area would have got hit for you.
ah its fine DW.. it happens in the game.. as u said some good pips are banked.
  • #5,487
  • Sep 13, 2014 4:07am Sep 13, 2014 4:07am
Quoting Pradarp
{quote} ah its fine DW.. it happens in the game.. as u said some good pips are banked.
Indeed, the way I always look at is it's best to bank the pips and move on and not think about what if, as when it goes the other way your certainly not thinking what if then.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,488
  • Sep 13, 2014 4:20am Sep 13, 2014 4:20am
Quoting DarkWolF
{quote} Indeed, the way I always look at is it's best to bank the pips and move on and not think about what if, as when it goes the other way your certainly not thinking what if then.
so true.. i ve been there..
  • #5,489
  • Sep 13, 2014 7:22am Sep 13, 2014 7:22am
Quoting jen101
{quote} So here it is before the event... If you choose to copy me, don't blame me if it goes wrong and I reserve the right to cancel the order without further comment if the wind changes direction. It's a woman's prerogative... Edit: if price goes over 139.300 or thereabouts, I'll cancel the order. {image}
hi jen.
in my humble opinion, EURJPY will continue to rally.
yes, currently price is at resistance zone 139, but as of now Bank of Japan doesnt care if yen currency value is worth toilet paper, they want their currency to get weaken. well, i could be wrong as it depends on market sentiment.

anyway, i have not entered the market yet. i will wait how PA behaves on that 139 zone when market resumes on monday.

green pips, everyone
  • #5,490
  • Sep 13, 2014 7:30am Sep 13, 2014 7:30am
Quoting DarkWolF
AUDUSD 4 Hourly: Here is how this one played out for me. I was about to get this image up last night, my wife took over my PC for a period of time and then I faded with the good ol' man flu again (feeling much better today ) and didnt get back to do it. So watching the daily, price made a break of the range that it has been in for quite some time. On the 4 hourly chart we can see a clear retest to the bottom of that range at the .9200 area. This is where I was hoping to see this happen. Put a pending order in. Price continued to push down with...
great trade man
40 over pips.
  • #5,491
  • Sep 13, 2014 7:45am Sep 13, 2014 7:45am
Quoting csng69
{quote} hi jen. in my humble opinion, EURJPY will continue to rally. yes, currently price is at resistance zone 139, but as of now Bank of Japan doesnt care if yen currency value is worth toilet paper, they want their currency to get weaken. well, i could be wrong as it depends on market sentiment. anyway, i have not entered the market yet. i will wait how PA behaves on that 139 zone when market resumes on monday. green pips, everyone
Hmmm.... yes. Draghi also wants the euro to be worth toilet paper. It'll be interesting to see who will win the race. If BOJ get the edge, I'm ready to press the cancel button .
  • #5,492
  • Sep 15, 2014 5:26am Sep 15, 2014 5:26am
GBPAUD short entered this morning. So far it's moved fast and got BE at halfway to target .
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud.JPG Size: 442 KB
  • #5,493
  • Sep 15, 2014 5:47am Sep 15, 2014 5:47am
Quoting jen101
GBPAUD short entered this morning. So far it's moved fast and got BE at halfway to target . {image}
Gaps almost always get closed so reasonable target there Jen

It will be interesting to see how these GBP pairs play out from here.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,494
  • Sep 15, 2014 5:49am Sep 15, 2014 5:49am
Got to the charts a little late today, but really not much going on for me at the moment on 4 hourly. Still holding AUDCAD short from the end of last week.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,495
  • Sep 15, 2014 7:26am Sep 15, 2014 7:26am
Quoting DarkWolF
{quote} Gaps almost always get closed so reasonable target there Jen It will be interesting to see how these GBP pairs play out from here.
GBP is heading down today as is the Euro. I thought about shorting GBPCAD on Friday but didn't, because it was Friday. Gap or no gap, GBP is going south.
  • #5,496
  • Sep 15, 2014 8:39am Sep 15, 2014 8:39am
Quoting jen101
GBPAUD short entered this morning. So far it's moved fast and got BE at halfway to target . {image}
Nice and quick. 65 pips .
  • #5,497
  • Sep 15, 2014 3:53pm Sep 15, 2014 3:53pm
Quoting jen101
{quote} Nice and quick. 65 pips .
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,498
  • Sep 15, 2014 7:45pm Sep 15, 2014 7:45pm
what do you guys think about GU daily?
the way i see it:
(a) downtrend overall
(b) strong S/R zone at 1.627 and near BRN 1.63
(c) NOT a strong engulfing bearish bar

i would love to go short, however item (c) above just doesn't appeal to me.
what do you guys think?
i would love to hear opinions from experienced traders.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 61 KB
  • #5,499
  • Sep 16, 2014 3:22am Sep 16, 2014 3:22am
Thanks Dwolf.

For the record, I didn't cancel the EURJPY order and the trade is active, though going nowhere for now. It has to be BOJ and Draghi battling it out to be bottom dog...

This is what I have my eye on this morning:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusd d1.JPG Size: 445 KB
Click to Enlarge Name: nzdusd w1.JPG Size: 437 KB
  • #5,500
  • Sep 16, 2014 3:29am Sep 16, 2014 3:29am
Quoting csng69
what do you guys think about GU daily? the way i see it: (a) downtrend overall (b) strong S/R zone at 1.627 and near BRN 1.63 (c) NOT a strong engulfing bearish bar i would love to go short, however item (c) above just doesn't appeal to me. what do you guys think? i would love to hear opinions from experienced traders. {image}
It will probably go down a bit, but there is recent support at 1.6105, so you might want to get out before then. Looking at the bigger picture there is further support at around 1.5930. Good luck.
5 traders viewing now