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Price Action and Trading Discussion

  • #5,521
  • Sep 17, 2014 9:22am Sep 17, 2014 9:22am
Hello guys, I'm going to start following this price action thread.

Quick question, what levels are you watching on eur/usd for the upocoming FOMC meeting?
  • #5,522
  • Sep 17, 2014 9:23am Sep 17, 2014 9:23am
Quoting jen101
Just a little reminder to all the non-Brits here ; tomorrow is the Scottish independence vote, so GBP pairs could be absolutely crazy. I'm avoiding them all for now...
hi Jen and all...

i am newcomer..and will learn a lot here.

on GBP pair-- in stay away mode. lol
While knowledge speak up, the wisdom listen down
  • #5,523
  • Edited 10:05am Sep 17, 2014 9:35am | Edited 10:05am
Quoting DarkWolF
{quote} Target area achieved on AUDCAD 4 hourly short position. Took some time but finally got there. {image} {image}
Hi,
Do you think it may keep going down today?
Edit, Do you think it will go below 0.9900 or start back up?
I'm tired of making many samll GREEN pips, then one BIG red wash them all.
  • #5,524
  • Sep 17, 2014 9:57am Sep 17, 2014 9:57am
Welcome all newcomers. This is a friendly place .

Quoting Dorobantu
Hello guys, I'm going to start following this price action thread. Quick question, what levels are you watching on eur/usd for the upocoming FOMC meeting?
I'll keep quiet on that; I got it very wrong on GU yesterday
  • #5,525
  • Sep 17, 2014 10:22am Sep 17, 2014 10:22am
Nevermind, AUD\CAD just went below 0.989
I'm tired of making many samll GREEN pips, then one BIG red wash them all.
  • #5,526
  • Sep 17, 2014 11:01am Sep 17, 2014 11:01am
Quoting milano
Nevermind, AUD\CAD just went below 0.989
Seems like there's a lot of momentum there too.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad.JPG Size: 437 KB
  • #5,527
  • Sep 17, 2014 11:01am Sep 17, 2014 11:01am
Here is a price action I just took on AUDCHF
Price show weakening of retracement and respect of Supply.
Entry at confirmation PA
First target approx 56 pips, potential for lower price testing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 64 KB
  • #5,528
  • Sep 17, 2014 11:13am Sep 17, 2014 11:13am
Quoting jen101
{quote} Seems like there's a lot of momentum there too. {image}
Thank you for the chart, any suggestions about best TP spot?
I'm tired of making many samll GREEN pips, then one BIG red wash them all.
  • #5,529
  • Sep 17, 2014 11:33am Sep 17, 2014 11:33am
Quoting milano
{quote} Thank you for the chart, any suggestions about best TP spot?
If you're thinking of buying, then 0.9935 is the next most obvious level up.

Quoting jen101
Just a little reminder to all the non-Brits here ; tomorrow is the Scottish independence vote, so GBP pairs could be absolutely crazy. I'm avoiding them all for now...
I have no trades at the moment and will probably stay out of the market till next week. I think everything could be crazy!!
  • #5,530
  • Sep 18, 2014 5:07am Sep 18, 2014 5:07am
I'm off now for a nice long weekend . I had a message from my broker warning of illiquidity today, so that's well and truly scared me off. We'll hear tomorrow morning; if it's a no vote, GBP will go through the roof and things will be back to normal soon-ish. If it's a yes vote, GBP will bomb and it will all be one big mess... have fun everyone!
  • #5,531
  • Sep 18, 2014 5:44am Sep 18, 2014 5:44am
Hi Guys,

Aplogies for any lack of replies etc last few days, got home yesterday played with my little for a bit and then hit the lounge fell asleep, return of the feeling s%$# with the man flu, cant seem to shake this one. A bit better today but have a crazy cough that wont go away.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,532
  • Sep 18, 2014 5:46am Sep 18, 2014 5:46am
Quoting jen101
Just a little reminder to all the non-Brits here ; tomorrow is the Scottish independence vote, so GBP pairs could be absolutely crazy. I'm avoiding them all for now...
Quoting jen101
I'm off now for a nice long weekend . I had a message from my broker warning of illiquidity today, so that's well and truly scared me off. We'll hear tomorrow morning; if it's a no vote, GBP will go through the roof and things will be back to normal soon-ish. If it's a yes vote, GBP will bomb and it will all be one big mess... have fun everyone!
Most definately good advice there Jen

We will certainly see some volatility that is one thing we can be certain of.

Hope you enjoy your weekned.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,533
  • Sep 18, 2014 5:50am Sep 18, 2014 5:50am
Quoting Dorobantu
Hello guys, I'm going to start following this price action thread. Quick question, what levels are you watching on eur/usd for the upocoming FOMC meeting?
Hi Dorobantu,

Welcome to the thread.

I posted a chart the other day of what I was looking for in EURUSD. It seems as we have had the break down that I was anticipating. I would now like to see a strong continuation reason for an entry. But with EUR being closely correlated to GBP it could be worth being a bit cautious with this one over the next couple of days for the reasons that Jen has eluded to.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,534
  • Sep 18, 2014 5:50am Sep 18, 2014 5:50am
Quoting DarkWolF
{quote} {quote} Most definately good advice there Jen We will certainly see some volatility that is one thing we can be certain of. Hope you enjoy your weekned.
Thanks Dwolf. I hope I haven't been leading everyone up the garden path in your absence . You sound like you need something powerful to sort out that man flu.
  • #5,535
  • Sep 18, 2014 5:50am Sep 18, 2014 5:50am
Quoting sam30
{quote} hi Jen and all... i am newcomer..and will learn a lot here. on GBP pair-- in stay away mode. lol
Hi Sam,

Welcome
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,536
  • Sep 18, 2014 5:54am Sep 18, 2014 5:54am
Quoting Pradarp
DW.. as usual.. where to get out?? ur idea? {image}
If your still in this one, price clearly smashed through the first resistance area the Jen identified, the next are pretty much where price is right now at the 1.82 ish area and the next is at 1.83 ish area. Past that you are looking at 1.8500.

I guess it all depends on your personal tolerance and targets in line with your trading plan.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,537
  • Sep 18, 2014 5:59am Sep 18, 2014 5:59am
USDJPY 4 Hourly:

Was waiting for something like this to happen, price breaking free from the consolidated area.

Unfortunately I was not trading yesterday and missed this one.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 179 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,538
  • Sep 18, 2014 7:30am Sep 18, 2014 7:30am
AUDUSD Daily:

Potential to see a fall longer term to the .8500 ish area.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Daily 18-09.jpg Size: 179 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,539
  • Sep 18, 2014 9:47am Sep 18, 2014 9:47am
Hi DarkWolf

At the blue S/R lines on each of your charts, are you waiting to see:

1. Breakouts past these lines on your chart to enter a trade?

2. And in different situations, bounces off these lines to enter a trade?
WARNING: Don't follow me as I'm just learning
  • #5,540
  • Sep 18, 2014 10:14am Sep 18, 2014 10:14am
possible bounce up at support area for EU, AU & NU daily?
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 67 KB
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