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Price Action and Trading Discussion

  • #5,601
  • Oct 27, 2014 12:24pm Oct 27, 2014 12:24pm
Quoting jhehe
Looks like USDJPY is a sell now {image}
Monday, 23:50. Retail Sales is the primary gauge of consumer spending and should be treated as a market-mover. The indicator has rebounded with two straight gains, and the September release stands at 0.9%.

Source: http://www.forexcrunch.com/category/...-jpy-forecast/
Attached Image
  • #5,602
  • Oct 27, 2014 12:54pm Oct 27, 2014 12:54pm
Quoting DarkWolF
EURUSD 4 Hourly: Pending short order on EURUSD has now been triggered. Now to see how it plays out. {image}
Another freaky Monday Dark
I lost 30pips in GBPUSD, you got your SL hit?
  • #5,603
  • Oct 27, 2014 5:26pm Oct 27, 2014 5:26pm
Quoting muhitalam
{quote} Monday, 23:50. Retail Sales is the primary gauge of consumer spending and should be treated as a market-mover. The indicator has rebounded with two straight gains, and the September release stands at 0.9%. Source: http://www.forexcrunch.com/category/...-jpy-forecast/ {image}
yup, closed a very slight profit and ended up switching to the buy side.
  • #5,604
  • Oct 28, 2014 12:35am Oct 28, 2014 12:35am
Hello,

EURUSD: Selling off 4 days in a row to end last week, the bear trend is still in play and more downside is available The overall trend is relatively ‘stable’, meaning it’s not too volatile, so mild to medium pullbacks are suggested to get short.

More here http://2ndskiesforex.com/forex-tradi...-sep-28-oct-3/
Attached Image (click to enlarge)
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  • #5,605
  • Oct 28, 2014 8:34am Oct 28, 2014 8:34am
Quoting DarkWolF
{quote} Hi Lulu, Potentially it may break, but it is certainly at a significant support area. For me I would wait for a break and retest for confirmation of support becoming resistance.
DarkWolF :Thank you. This is a downward trend. So I canceled the order.
Jesus said: "Your faith has saved you."
  • #5,606
  • Oct 29, 2014 6:04am Oct 29, 2014 6:04am
Quoting Kouroushi
{quote} Another freaky Monday Dark I lost 30pips in GBPUSD, you got your SL hit?
Ya' had the SL hit on this one.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,607
  • Oct 29, 2014 6:05am Oct 29, 2014 6:05am
Quoting DarkWolF
EURUSD 4 Hourly: Pending short order on EURUSD has now been triggered. Now to see how it plays out. {image}
Stop was hit.

Have not had a chance to come back and get the image up.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 4 Hourly stopped 28-10.jpg Size: 180 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,608
  • Oct 29, 2014 6:15am Oct 29, 2014 6:15am
Not too much going on for today's session so far.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,609
  • Oct 29, 2014 8:37am Oct 29, 2014 8:37am
Today`s update:
EURUSD
The EURUSD continued falling lower last week following the pin bar sell signal we discussed in our September 23rd commentary. This week, we could see more bearish movement, but of course a retrace higher back to value / resistance would not be surprising either given how far this market has fallen. Either way, we are bearish biased and if price does rotate higher we will watch for another sell signal from dynamic EMA resistance or horizontal resistance levels to rejoin the downtrend. Price is basically at a key long-term support level near 1.2650 – 1.2750 right now, but if we break easily below 1.2650 there’s no key support until down near 1.2040 area.

Source: http://www.learntotradethemarket.com...tober-3rd-2014
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  • #5,610
  • Oct 30, 2014 8:53pm Oct 30, 2014 8:53pm
Believe I have spotted an H&S formation on EURUSD:

Attached Image (click to enlarge)
Click to Enlarge Name: V93wn.png Size: 27 KB


If it doesn't pan out, got a pretty tight stop
  • #5,611
  • Oct 31, 2014 10:01am Oct 31, 2014 10:01am
Good move

Attached Image (click to enlarge)
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  • #5,612
  • Oct 31, 2014 10:26am Oct 31, 2014 10:26am
Quoting jhehe
Good move {image}
Typically, you will see that type of head and shoulders pattern form at the top of an uptrend, not the bottom of a downtrend. From a price action standpoint; however, it will be interesting to see how price reacts to the low formed around 10/2 or 10/3 @ 1.2500. You have the confluence of prior support with a round number. I expect price to react upwards to the 1.2650 before failing again. My two cents.
  • #5,613
  • Oct 31, 2014 1:55pm Oct 31, 2014 1:55pm
Quoting jpnavigate
{quote} Typically, you will see that type of head and shoulders pattern form at the top of an uptrend, not the bottom of a downtrend. From a price action standpoint; however, it will be interesting to see how price reacts to the low formed around 10/2 or 10/3 @ 1.2500. You have the confluence of prior support with a round number. I expect price to react upwards to the 1.2650 before failing again. My two cents.
Interesting, did not know that
  • #5,614
  • Nov 3, 2014 12:26pm Nov 3, 2014 12:26pm
I know this is supposed to be a price action thread, but with the current movements on GBPUSD is anyone else spotting a divergence with the slow stoch?
  • #5,615
  • Edited 3:15am Nov 10, 2014 3:02am | Edited 3:15am
How do you think about the gold future?
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  • #5,616
  • Nov 13, 2014 4:48am Nov 13, 2014 4:48am
Hi Guys,

Been gone a while again now, been pulling some hefty hours at work again and by time getting home its pretty much eat relax sleep.

It is a busy time of year for me, but am really hoping I can get back into some regular chart time.

I had a quick look at my watch lists a bit earlier and put a pending order in for NZDJPY 4 hourly long. Had to head out for a few hours have come back to see it triggered and moving along nicely so far.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY 4 Hourly pending 13-11.jpg Size: 174 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,617
  • Nov 17, 2014 4:43am Nov 17, 2014 4:43am
Quoting DarkWolF
Hi Guys, Been gone a while again now, been pulling some hefty hours at work again and by time getting home its pretty much eat relax sleep. It is a busy time of year for me, but am really hoping I can get back into some regular chart time. I had a quick look at my watch lists a bit earlier and put a pending order in for NZDJPY 4 hourly long. Had to head out for a few hours have come back to see it triggered and moving along nicely so far. {image}
Target area was achieved on NZDJPY 4 hourly position.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY 4 Hourly TP 14-11.jpg Size: 187 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,618
  • Nov 17, 2014 4:45am Nov 17, 2014 4:45am
Have checked my watchlist for today, not too much grabbing my attention so far.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,619
  • Nov 18, 2014 3:40am Nov 18, 2014 3:40am
Hi guys,

Been a few continuation moves that I missed over the last few bars, but unfortunately cant be at the charts all the time to get all the opportunities that present. Esepcially on some of the Yen crosses.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,620
  • Nov 18, 2014 3:41am Nov 18, 2014 3:41am
Patience is paramount with trading. Just keep on waiting and watching for a time when I can get an opportunity.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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