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Price Action and Trading Discussion

  • #5,561
  • Sep 25, 2014 4:53am Sep 25, 2014 4:53am
It's been a very quiet these last few days for me. Price has been all over the place. Well, I got my first trade of the week, which triggered last night and came in this morning .
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  • #5,562
  • Sep 25, 2014 6:33am Sep 25, 2014 6:33am
GBPJPY is looking interesting now. It is failing to make new highs and of course it is at a strong resistance level from 6 years ago. It could be due a sharp fall... watching this one closely.
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  • #5,563
  • Sep 29, 2014 6:14am Sep 29, 2014 6:14am
Hi Guys,

Back on the charts this week, but just getting my first look at them now, a bit late for the session.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,564
  • Sep 29, 2014 6:23am Sep 29, 2014 6:23am
Not too much going on with my watchlists to start off the week.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,565
  • Sep 29, 2014 6:23am Sep 29, 2014 6:23am
Quoting jen101
GBPJPY is looking interesting now. It is failing to make new highs and of course it is at a strong resistance level from 6 years ago. It could be due a sharp fall... watching this one closely. {image}
Hi Jen,

If it pulls back, the 175.00 area will be certainly worth keeping an eye on.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,566
  • Sep 29, 2014 6:24am Sep 29, 2014 6:24am
Quoting jen101
It's been a very quiet these last few days for me. Price has been all over the place. Well, I got my first trade of the week, which triggered last night and came in this morning . {image}
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,567
  • Sep 29, 2014 8:31am Sep 29, 2014 8:31am
Hi guys, I just started trading, 20 this year. May I know how do you enter a trade based on retracement? Do you wait for a solid candle confirmation or just open a position at the retracement (R/S) levels? Kindly share your wealth of knowledge Sirs & Mdms.
  • #5,568
  • Oct 1, 2014 1:51pm Oct 1, 2014 1:51pm
Quoting persiste
Hi guys, I just started trading, 20 this year. May I know how do you enter a trade based on retracement? Do you wait for a solid candle confirmation or just open a position at the retracement (R/S) levels? Kindly share your wealth of knowledge Sirs & Mdms.
You need to develop a better understanding of price action (i.e. based on the current momentum, where is price likely to go?). A great video to reference is by Damian Castilla on youtube, located here:
Inserted Video
Based on the momentum, look for price to retrace to areas of previous resistance or support and place your trade in the direction of the predominant momentum (trend is your friend). The first indication that price is resuming the trend is when I tend to jump in (i.e. candle that aligns with trend direction).
  • #5,569
  • Oct 13, 2014 4:45am Oct 13, 2014 4:45am
Hi Guys,

Apolgies been a little quiet on here again last weekish, I have been really quite busy with work, working some crazy hours and by the time I was getting home at night I was pretty much ready to go to bed. Back on board this week at least up until Thursday when I will be travelling interstate to watch the Australian Moto GP and back on board either next Monday or Tuesday night.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,570
  • Oct 13, 2014 4:47am Oct 13, 2014 4:47am
Just flicking through my watchlists now to get an idea of what is going on.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,571
  • Oct 14, 2014 3:39am Oct 14, 2014 3:39am
GBPUSD 4 Hourly:

Short position entered on this pair during yesterday's session.

Took a little while but has taken out the target area a short time ago.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSD 4 Hourly TP 14-10.jpg Size: 184 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,572
  • Oct 14, 2014 3:42am Oct 14, 2014 3:42am
Looking at the potential of a short on AUDJPY 4 hourly.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,573
  • Oct 14, 2014 8:59am Oct 14, 2014 8:59am
Quoting DarkWolF
Looking at the potential of a short on AUDJPY 4 hourly.
This pending short on AUDJPY has since been triggerred.

Now to see how it plays out.
Attached Image (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,574
  • Oct 15, 2014 4:19am Oct 15, 2014 4:19am
Quoting DarkWolF
Looking at the potential of a short on AUDJPY 4 hourly.
Quoting DarkWolF
{quote} This pending short on AUDJPY has since been triggerred. Now to see how it plays out. {image}
Target area was hit on this position.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY 4 Hourly TP.jpg Size: 173 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,575
  • Oct 15, 2014 8:08am Oct 15, 2014 8:08am
Attached Image (click to enlarge)
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Half off
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  • #5,576
  • Oct 21, 2014 3:38am Oct 21, 2014 3:38am
Hi Guys,

Well back on board after being away interstate for 5 days. Just cranked up my charts to have a look at what it is going on. Hope you have all had a great few weeks picking up some pips.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,577
  • Oct 21, 2014 3:40am Oct 21, 2014 3:40am
Quoting Winston Reed
{image} Half off {image}
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,578
  • Oct 21, 2014 3:49am Oct 21, 2014 3:49am
Well with only 11 mins ish' until the start of a new 4 hourly bar and my first look at the 4 hourly charts, there is not too much going on first off that is grabbing my attention.

Gives me a few more hours to really have a good look before the close of the next bar.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,579
  • Oct 21, 2014 3:58am Oct 21, 2014 3:58am
Quoting DarkWolF
Well with only 11 mins ish' until the start of a new 4 hourly bar and my first look at the 4 hourly charts, there is not too much going on first off that is grabbing my attention. Gives me a few more hours to really have a good look before the close of the next bar.
Welcome back to your thread!!!
  • #5,580
  • Oct 21, 2014 7:54am Oct 21, 2014 7:54am
Next 4 hourly bar about to close.

No trades for me today for the session.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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