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Price Action and Trading Discussion

  • #5,641
  • Jan 5, 2015 1:30am Jan 5, 2015 1:30am
Quoting DarkWolF
{quote} I believe you simply can not argue the horizontal areas.
I concur. Now I simply mark out M1, W1 and H1 S/R lines and in doing so reinvent the wheel with those SQN lines, so I damned either way. It is amazing how sequential and repetitive S/R lines are. :-)
  • #5,642
  • Jan 5, 2015 1:33am Jan 5, 2015 1:33am
Quoting Copernicus
{quote} I concur. Now I simply mark out M1, W1 and H1 S/R lines and in doing so reinvent the wheel with those SQN lines, so I damned either way. It is amazing how sequential and repetitive S/R lines are. :-)
Indeed. Simply psychological market areas.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,643
  • Jan 5, 2015 3:16am Jan 5, 2015 3:16am
Was contemplating shorts on either EURNZD, EURJPY or GBPNZD on 4 hourly charts.

All of them were slightly off the mark for me and didnt take any.

I will be interested to see how they play out though.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,644
  • Jan 5, 2015 11:08am Jan 5, 2015 11:08am
Thanks for the update on GBPJPY, was watching that pair early in the morning

Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_3110251_GBPJPY_2015-01-05_08-21-02.png Size: 37 KB
  • #5,645
  • Jan 5, 2015 11:12am Jan 5, 2015 11:12am
Quoting jhehe
Thanks for the update on GBPJPY, was watching that pair early in the morning {image}
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,646
  • Jan 7, 2015 1:40am Jan 7, 2015 1:40am
Quoting DarkWolF
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. {image} {image}
Does this pattern look familiar ?

Will we see the next support tested ?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Hourly.jpg Size: 192 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,647
  • Jan 8, 2015 2:38am Jan 8, 2015 2:38am
Quoting DarkWolF
{quote} Does this pattern look familiar ? Will we see the next support tested ? {image}
Price hit the support area which held. It has since pushed back up to a solid resistance area and stalled.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Hourly 1.jpg Size: 178 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,648
  • Feb 15, 2015 9:18am Feb 15, 2015 9:18am
This is a chart i'm looking at:

Attached Image (click to enlarge)
Click to Enlarge Name: audusd-h2-international-capital-markets.png Size: 43 KB
  • #5,649
  • Mar 19, 2015 12:43am Mar 19, 2015 12:43am
Quoting DarkWolF
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.
Hi,DarkwolF

i'm a big fans of you. When i saw your thread first time in Forexfactory （2010）, i'm very interested in it.And I read it again and again when i have time.Every time i read it and review the chat ,i learn something. I study your Trading Style ,your Trading Idea,your Trading Theory that contains some philosophy idea.And i also take the profit stable in the past years. In some ways ,your are my Tutor of FX trading.
but i have a question always. why the people that take the profit stable such like you do not just trade and live on it? it seem you have another Full-time work and very busy December each year. Is it just a method to avoid to over-trading. or it just difficulty to live on trade fx?

Sorry for my poor English..
best regards
  • #5,650
  • Mar 19, 2015 4:38am Mar 19, 2015 4:38am
Quoting steel139
{quote} Hi,DarkwolF i'm a big fans of you. When i saw your thread first time in Forexfactory （2010）, i'm very interested in it.And I read it again and again when i have time.Every time i read it and review the chat ,i learn something. I study your Trading Style ,your Trading Idea,your Trading Theory that contains some philosophy idea.And i also take the profit stable in the past years. In some ways ,your are my Tutor of FX trading. but i have a question always. why the people that take the profit stable such like you do not just trade...
Hi Steel,

Thank you for the kind words.

As far as trading full time, I am in a fortunate position living in Australia where I can trade FX at night our time. It therefore does not impact the ability to work my day job. So forefieting an income when there is no need to I do not see the point of that.

As far as December it really is simply that it is the busiest time of the year for me along with Easter. I have been absent from the forum for a while again simply because the last few months for me have been really crazy as far as my working hours have been. By the time I get home I have been too tired to be paying in depth attention to the charts.

I have been following my watchlists briefly each day and focussing on one chart with any real intent to trade it at the moment. Again simply due to lack of time. I have not been posting, again simply due to lack of time and my long working days at the moment. Hopefully this is coming to end for me soonish and I can get back to some in depth analysis again. I do not want to post charts up just for the sake of posting if I do not have the time to actually analyse what is going on.

I am still around guys, and I will be back to posting in this thread. I can not commit to when but it will be soonish.

Hope you have all been well and are trading with discipline.

DW.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,651
  • Mar 19, 2015 7:59pm Mar 19, 2015 7:59pm
Quoting DarkWolF
{quote} Hi Steel, Thank you for the kind words. As far as trading full time, I am in a fortunate position living in Australia where I can trade FX at night our time. It therefore does not impact the ability to work ....
Hi Darkwolf,
Thanks for reply me.
about trading full time,, i had read all your thread so i know you living in Australia and can trade FX at night , the point is I got confuse that ,it seems you take the profit very stable in FX, so I suppose you will make money + 10% every month avgs. in last past year from 2009 - 2015, you take the profit stable so you should be a rich man that did not need to do another work. but right now you seems want to hold your job and trading at night when have time.

I intend to trading full time, so i will resign from current job. But now i lost my self-confidence and the goal ,afraid that, Even you - my tutor - 'the best profit hunter' do not want to throw away a busy job and concentrate on trading to make big money.so How can i do it,I have not learned all your skill from your side. Possibly your job is a big job that make money more then your get money from FX.

Sorry for my poor English.
best regards
  • #5,652
  • Mar 20, 2015 9:58pm Mar 20, 2015 9:58pm
XAGUSD monthly, it's look bullish

Attached Image (click to enlarge)
Click to Enlarge Name: xagusd-mn1-international-capital-markets-2.png Size: 35 KB
  • #5,653
  • Apr 3, 2015 3:59am Apr 3, 2015 3:59am
Hi Guys,

Well I have just spent the last hourish setting up all my trading platforms again. Since I have been reasonably absent I have had a new PC built and as I havent been trading too much I haven't taken the time to set everything up as I would normally have it.

All set up now and ready to go. Looking to get back into some chart analysis from tonight.

I hope you have all been well.

Cheers.

DW
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,654
  • Apr 3, 2015 5:02am Apr 3, 2015 5:02am
Quoting DarkWolF
Hi Guys, Well I have just spent the last hourish setting up all my trading platforms again. Since I have been reasonably absent I have had a new PC built and as I havent been trading too much I haven't taken the time to set everything up as I would normally have it. All set up now and ready to go. Looking to get back into some chart analysis from tonight. I hope you have all been well. Cheers. DW

Welcome back DarkWolf
If you think you can or cannot do it you are correct
  • #5,655
  • Apr 3, 2015 5:14am Apr 3, 2015 5:14am
Quoting Olu
{quote} Welcome back DarkWolf
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,656
  • Apr 3, 2015 5:18am Apr 3, 2015 5:18am
Well the big banger data is about to come in out in 10 mins....
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,657
  • Apr 7, 2015 4:41am Apr 7, 2015 4:41am
Hi Guys,

My first flick through my watchlists for the start of this week. Not too much really grabbing my attention.

AUDCAD and AUDNZD on 4 hourly are at some good resistance levels and potential for a short move but for me am staying out for now.

I hope you all had a great Easter.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,658
  • Apr 7, 2015 4:56am Apr 7, 2015 4:56am
Quoting DarkWolF
Hi Guys, My first flick through my watchlists for the start of this week. Not too much really grabbing my attention. AUDCAD and AUDNZD on 4 hourly are at some good resistance levels and potential for a short move but for me am staying out for now. I hope you all had a great Easter.
AUDNZD 4 Hourly

Price pushed up nicely today on the back of the RBA rate announcement.

Stalling at resitsance at the moment.

There are some obvious support areas below of it does head south again
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 133 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,659
  • Apr 8, 2015 7:09am Apr 8, 2015 7:09am
EURUSD:

Keeping a close eye on this one.

These are the patterns that I love to see on a chart. Assuming that price plays out the pattern.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 3.jpg Size: 166 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,660
  • Apr 8, 2015 7:14am Apr 8, 2015 7:14am
EURCAD:

Another example.

Wait for price to come to you.

Lets see if the bottom support gets tested.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCAD Daily.jpg Size: 135 KB
Click to Enlarge Name: EURCAD 4 Hourly.jpg Size: 122 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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