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Price Action and Trading Discussion

  • #5,661
  • Apr 8, 2015 7:21am Apr 8, 2015 7:21am
EURNZD 4 Hourly:
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD 4 Hourly.jpg Size: 130 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,662
  • Apr 8, 2015 7:59am Apr 8, 2015 7:59am
Hey guys, I looked fundamentals very carefully,and input both fundamental and technical combined together and made decisions but lot of times fundamentals doesn't work for me.. why is that? anyone can explain this? I myself now understand 2 things for trading, 1."trend is your friend" 2."price is everything" doesn't matter what is fundamentals.. to me seeking about fundamental news is waste of time.
  • #5,663
  • Apr 12, 2015 5:39am Apr 12, 2015 5:39am
Quoting DarkWolF
EURCAD: Another example. Wait for price to come to you. Lets see if the bottom support gets tested. {image} {image}
After breaking short the support area was easily tested.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURAD Daily 12-04.jpg Size: 141 KB
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  • #5,664
  • Apr 14, 2015 4:30am Apr 14, 2015 4:30am
Hi Guys,

Not too much going on for me on the watchlists today.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,665
  • Apr 14, 2015 4:58am Apr 14, 2015 4:58am
Quoting Jijjie
Hey guys, I looked fundamentals very carefully,and input both fundamental and technical combined together and made decisions but lot of times fundamentals doesn't work for me.. why is that? anyone can explain this? I myself now understand 2 things for trading, 1."trend is your friend" 2."price is everything" doesn't matter what is fundamentals.. to me seeking about fundamental news is waste of time.
Hi Jijjie,

Fundamental vs technical is an age old topic. I have personally looked at both during my trading journey. However at this point in time I simply do not pay too much attention to fundamentals.

Are they important to keep an eye on ? absolutely. There are some economic releases that can cause significant volatility in the market. Some data that will cause volatility on certain crosses at certain time of the month.

Can you trade fundamentals. Certainly can. And many do so quite successfully.

I guess it all comes back to what suits your trading style and what you find works for you.

But personally. Price action and key chart areas are enough for me.

Plan your trade... trade your plan...
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,666
  • Apr 21, 2015 5:48am Apr 21, 2015 5:48am
Quoting DarkWolF
{quote} Hi Jijjie, Fundamental vs technical is an age old topic. I have personally looked at both during my trading journey. However at this point in time I simply do not pay too much attention to fundamentals. Are they important to keep an eye on ? absolutely. There are some economic releases that can cause significant volatility in the market. Some data that will cause volatility on certain crosses at certain time of the month. Can you trade fundamentals. Certainly can. And many do so quite successfully. I guess it all comes back to what suits...
Thanks for your reply..
  • #5,667
  • Apr 26, 2015 2:32am Apr 26, 2015 2:32am
Hi everyone,
will be posting some next week when the market's open, still in the learning stage, hope to learn from you guys
  • #5,668
  • Aug 4, 2015 4:17am Aug 4, 2015 4:17am
Hi Guys,

FYI.

I haven't gone away from this thread for good. I will be back.

I have however been quite busy with a few other projects that I have been working on and my spare time has been spent on them rather than posting.

I am still very much trading and watching charts.

We have have now welcomed our second little one into our family also which has been a welcome addition but also keeping me quite busy with a 2 year old and now another new little addition

I hope you have all been trading well.

Cheers.

DW
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,669
  • Aug 21, 2016 4:47am Aug 21, 2016 4:47am
Hi Guys,

Well it has been some time since I have posted.

I did say I would be back. And I will be posting again. Our little fella' is now slightly over one and allowing a little more spare time now, therefore I should be able to get back into some chart analysis with more depth and begin posting again.

I hope you have all been trading well.

Cheers.

DW.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,670
  • Aug 21, 2016 5:01am Aug 21, 2016 5:01am
Well it certainly looks like trading the daily charts of late might have been a bit interesting.

Just reviewing what the current daily charts have been looking like across my old templates and watch lists.

Now for the 4 hourly
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,671
  • Edited 5:18am Aug 21, 2016 5:07am | Edited 5:18am
AUDUSD Daily


Love seeing these sort of patterns play out.
Attached Image (click to enlarge)
Click to Enlarge Name: AU Daily 21-08.jpg Size: 156 KB
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  • #5,672
  • Aug 21, 2016 5:14am Aug 21, 2016 5:14am
USDJPY Daily

Nice clear levels on this one.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 21-08.jpg Size: 182 KB
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  • #5,673
  • Aug 21, 2016 5:20am Aug 21, 2016 5:20am
USDCAD Daily

Trade the range or wait for the break.

I guess this depends on your trading plan.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Daily 21-08.jpg Size: 144 KB
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  • #5,674
  • Aug 21, 2016 5:23am Aug 21, 2016 5:23am
EURJPY Daily

Can never be too sure with this kind of pattern.

However, longer term bias would still be short.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Daily 21-08.jpg Size: 160 KB
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  • #5,675
  • Aug 21, 2016 9:03am Aug 21, 2016 9:03am
Quoting DarkWolF
EURJPY Daily Can never be too sure with this kind of pattern. However, longer term bias would still be short. {image}
agree with you on both usdjpy and eurjpy, unless the BOJ intervenes which could cause a spike to the upside
  • #5,676
  • Aug 21, 2016 6:17pm Aug 21, 2016 6:17pm
Quoting MXT
{quote} agree with you on both usdjpy and eurjpy, unless the BOJ intervenes which could cause a spike to the upside
Hi MXT,

Yes indeed. It certainly always pays to cautious of any intervention. In particular from BOJ.

This is why we should always trade with the correct risk management.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,677
  • Aug 22, 2016 4:46am Aug 22, 2016 4:46am
AUDUSD Daily

Gap down today.

Generally when this happens will see it gap filled.
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Click to Enlarge Name: AUDUSD Daily 22-08.jpg Size: 168 KB
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  • #5,678
  • Aug 22, 2016 4:49am Aug 22, 2016 4:49am
AUDUSD 4 Hourly


Same chart, 4 hourly view.

Some clear levels to keep an eye on.

Recognise the pattern ?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 4 hourly 22-08.jpg Size: 155 KB
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  • #5,679
  • Aug 22, 2016 4:53am Aug 22, 2016 4:53am
EURJPY Daily

Still very much range bound.
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Click to Enlarge Name: EURJPY Daily 22-08.jpg Size: 152 KB
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  • #5,680
  • Aug 22, 2016 4:59am Aug 22, 2016 4:59am
Hi guys,

Some time ago I had a facebook account linked to this that I was using also to add analysis and charts.

However this account was deleted by facebook. I have therefore moved to using a facebook page instead. But by doing this I have lost all the data that was previously posted when it was deleted.

New facebook page is at the following link:

https://www.facebook.com/Forex-Day-T...8241177959986/
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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