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Price Action and Trading Discussion

  • #5,621
  • Nov 19, 2014 11:16pm Nov 19, 2014 11:16pm
Bearish on this pair, but I feel should still wait it through

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  • #5,622
  • Nov 23, 2014 9:28pm Nov 23, 2014 9:28pm
Looking at a short on USDCAD

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  • #5,623
  • Nov 26, 2014 2:04am Nov 26, 2014 2:04am
good threat
  • #5,624
  • Nov 27, 2014 4:12am Nov 27, 2014 4:12am
AUD/NZD is back in the game. There were the most bullish analysis fro this pair but it seems it had failed to materialize Bullish turnround, and is now bellow moving averages and broken the range consolidation. Looking for a reason to enter short on a 1.09000 retest for a bearish trend continuation.
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  • #5,625
  • Nov 27, 2014 12:13pm Nov 27, 2014 12:13pm
GBP/JPY top consolidation with RSI divergence calling fro a correction to 183 in the coming days. Risk for shorts is above 183.
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  • #5,626
  • Dec 1, 2014 10:38am Dec 1, 2014 10:38am
GBPCAD Still active short trade bigger reward 30.11.2014

GBP/CAD is retesting broken resistance and is on the way of the trend which is down. SL is at 1.7980 and TP is much further 1.7300.

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  • #5,627
  • Dec 1, 2014 2:14pm Dec 1, 2014 2:14pm
CAD/CHF is making bullish engulfing outside daily candle from an uptrend line. So you can go long on a new candle or a 50% retracement of a today daily candle. Stops are bellow trend line near 0.8430.
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  • #5,628
  • Dec 9, 2014 4:14am Dec 9, 2014 4:14am
Hi Guys,

Just letting you know I am still around and still trading, just few and far between at the moment. This time of the year is really quite busy for me, and my involvement here will most likely be limited until early January.

But I will be back no doubt about that

I pretty much get time to turn on my chart have a quick scan at one 4 hourly bar and thats me done at the moment.

Working hard to restore that good old work life balance but for me it can be a bit unpredictable this time of year.

I hope you have all been well.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,629
  • Dec 24, 2014 5:34am Dec 24, 2014 5:34am
Hi Guys,

Wishing you all a very merry Christmas.

Spend some time with your families, and enjoy the break.

Cheers,

DW

Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,630
  • Jan 2, 2015 9:38pm Jan 2, 2015 9:38pm
Hi guys,

I hope you had an awesome xmas and a fantastic new year. In the coming weeks I am hoping to get back into some proper chart time and getting some charts posted up again.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,631
  • Jan 2, 2015 9:48pm Jan 2, 2015 9:48pm
AUDUSD Hourly:

Hi Guys,

Even though I have not been trading full on I have been keeping an eye on the charts here and there. I had a small window of some spare time last night so I had a bit of a look. I had been watching the AUDUSD within in this price channel. With the bigger picture being bearish on this pair I was keeping an eye out for an sort of short momentum.

This appeared last night so I entered a short position. Apologies I did not take any images for the actual position as I had not intent of posting it up. But here is what I was looking at and how it played out.

Again I go back to what I continually say. Horizontal support and resistance areas and trend lines. Time and time again you will see patterns like this play out. If you look at this chart you can also see some of the other areas that I had marked on and how price reacted around those areas.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,632
  • Jan 2, 2015 10:00pm Jan 2, 2015 10:00pm
GBPJPY:

Price consolidates in a sideways price channel. It gains momentum and pushes short. Stalls at support and pushes back up the resistance area of the previous consolidated area, being held within a rising channel.

Price pushes back down breaking the channel. The hourly view continues the story. Price breaks, pauses, and continues onto the nearby support zone.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,633
  • Jan 2, 2015 10:02pm Jan 2, 2015 10:02pm
Can you see the key areas from the charts above ?

Identify the areas, apply your rules, be patient, let the market come to you.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,634
  • Jan 3, 2015 8:48pm Jan 3, 2015 8:48pm
Hey DarkWolF,

Quick question, what are those dotted horizontal lines? Were Were they drawn from previous levels or some kind of indicator?
  • #5,635
  • Jan 5, 2015 3:06am Jan 5, 2015 3:06am
Quoting jhehe
Hey DarkWolF, Quick question, what are those dotted horizontal lines? Were Were they drawn from previous levels or some kind of indicator?
Hi Jhehe,

Those lines are applied to my chart by a simple indicator.

All it does is highlight a horizontal area at a specified level on the chart. It can be set at any level.

I apply to my chart at RN areas, the level will depend on the time frame that I am trading from. Generally these days I trade mostly from 4 hourly and 1 hourly and I apply it to every 100 pip level.

This 4 hourly view of the EURUSD chart will give you an indication as to why I like to monitor those particular areas.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,636
  • Jan 5, 2015 3:08am Jan 5, 2015 3:08am
Well my first scan of the 4 hourly charts on my watchlists with any real intent of looking for positions in some time.

Not too much presenting itself for me to start off my first session back on the charts.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,637
  • Jan 5, 2015 3:16am Jan 5, 2015 3:16am
Quoting DarkWolF
{quote} Hi Jhehe, Those lines are applied to my chart by a simple indicator. All it does is highlight a horizontal area at a specified level on the chart. It can be set at any level. I apply to my chart at RN areas, the level will depend on the time frame that I am trading from. Generally these days I trade mostly from 4 hourly and 1 hourly and I apply it to every 100 pip level. This 4 hourly view of the EURUSD chart will give you an indication as to why I like to monitor those particular areas. {image}
Interesting DarkWolf. They look like Gann Square of Nine lines? While I don't practice the arcane, being a sceptic by nature, the SQN lines were usefully employed in a scalping strategy in a past life. I overcame my psychic urges and decided that having incremental lines simply assisted in recognising that the market breathes in cycles. Those lines of yours and their positioning in relation to S/R is bringing back the voodoo in me :-)
  • #5,638
  • Jan 5, 2015 3:22am Jan 5, 2015 3:22am
Quoting Copernicus
{quote} Interesting DarkWolf. They look like Gann Square of Nine lines? While I don't practice the arcane, being a sceptic by nature, the SQN lines were usefully employed in a scalping strategy in a past life. I overcame my psychic urges and decided that having incremental lines simply assisted in recognising that the market breathes in cycles. Those lines of yours and their positioning in relation to S/R is bringing back the voodoo in me :-)
Yes there are many traders who have tried many different techniques before settling on one that works for them.

I have tried many along my trading journey.

Gann is one trading aspect however that I did not look too much into.

I scalped on 5 min charts for quite a number of years, mostly trading ranges.

I believe you simply can not argue the horizontal areas.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,639
  • Jan 5, 2015 3:25am Jan 5, 2015 3:25am
Quoting DarkWolF
{quote} Hi Jhehe, Those lines are applied to my chart by a simple indicator. All it does is highlight a horizontal area at a specified level on the chart. It can be set at any level. I apply to my chart at RN areas, the level will depend on the time frame that I am trading from. Generally these days I trade mostly from 4 hourly and 1 hourly and I apply it to every 100 pip level. This 4 hourly view of the EURUSD chart will give you an indication as to why I like to monitor those particular areas. {image}
A sideways moving hourly EURUSD chart.
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  • #5,640
  • Jan 5, 2015 3:28am Jan 5, 2015 3:28am
I could show chart after chart with with horizontal areas, something I can get quite passionate about

However, in real time is it that easy.... certainly not.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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