EURAUD M5
It's doing the rounds again. Would like to see it test 1.5015
It's doing the rounds again. Would like to see it test 1.5015
Price Will Tell - Supply/Demand Price Action Trading
- #682
- Apr 7, 2016 10:01am Apr 7, 2016 10:01am
- Joined May 2012 | Status: ... | 1,925 Posts
AUDUSD
Keeping the H4 long on this pair would have stopped me out at b/e.
Now that it's broken the swing low I'm interested to see how it reacts at the supply/decision point @ 0.7552. If it gives decent bearish pa there I'll sell it if around.
I don't usually use trendlines but sometimes dropping them in helps confluence certain factors as in this particular supply level. Not averse to buying it in the flag if it all possible but don't really day-trade this pair so there's minimal chance of that. Usual stuff, watch and wait.
Keeping the H4 long on this pair would have stopped me out at b/e.
Now that it's broken the swing low I'm interested to see how it reacts at the supply/decision point @ 0.7552. If it gives decent bearish pa there I'll sell it if around.
I don't usually use trendlines but sometimes dropping them in helps confluence certain factors as in this particular supply level. Not averse to buying it in the flag if it all possible but don't really day-trade this pair so there's minimal chance of that. Usual stuff, watch and wait.
- #683
- Apr 8, 2016 3:40am Apr 8, 2016 3:40am
- Joined May 2012 | Status: ... | 1,925 Posts
AUDUSD Keeping the H4 long on this pair would have stopped me out at b/e. Now that it's broken the swing low I'm interested to see how it reacts at the supply/decision point @ 0.7552. If it gives decent bearish pa there I'll sell it if around. I don't usually use trendlines but sometimes dropping them in helps confluence certain factors as in this particular supply level. Not averse to buying it in the flag if it all possible but don't really day-trade this pair so there's minimal chance of that. Usual stuff, watch and wait. {image}
Watching it at the inversion.
- #684
- Apr 8, 2016 4:01am Apr 8, 2016 4:01am
- Joined May 2012 | Status: ... | 1,925 Posts
Some thoughts on Kiwi.
- #685
- Edited 3:57pm Apr 10, 2016 3:23pm | Edited 3:57pm
- Joined May 2012 | Status: ... | 1,925 Posts
AUDUSD
H4
Going into the new week H4 is consolidated in a range after a push for higher price. Aside from "false breaks", it can only do one of three things from here, continue the move up, move down or continue to consolidate.
The demand zone at the base of the range, (lower yellow line) has been tapped a couple of times and price then failed to push higher with conviction. No bias on that front, just an observation.
H1
The BRL "Breakout Reference Line" at 0.7960'ish is better seen on H1. Interested to see what, if anything, sets up here. Currently doing some building work so only trading off of alerts this week, as and when they sound. Green pips to all.
H4
Going into the new week H4 is consolidated in a range after a push for higher price. Aside from "false breaks", it can only do one of three things from here, continue the move up, move down or continue to consolidate.
The demand zone at the base of the range, (lower yellow line) has been tapped a couple of times and price then failed to push higher with conviction. No bias on that front, just an observation.
H1
The BRL "Breakout Reference Line" at 0.7960'ish is better seen on H1. Interested to see what, if anything, sets up here. Currently doing some building work so only trading off of alerts this week, as and when they sound. Green pips to all.
- #686
- Apr 10, 2016 3:53pm Apr 10, 2016 3:53pm
- Joined May 2012 | Status: ... | 1,925 Posts
EURAUD
This pair's been in noisy mood of late. When this happens I find it helps to go to the highest TF that makes sense.
W1
Bullhorn expansion going on with price sitting midrange of it - 1.500 seems to be the median price.
H4
I've skipped Daily because there's nothing of much interest for me there. As noticed a few days ago, price broke the pole of that flag created around 10th March but nothing definitive has happened since.
M15
All TFs between this one and H4 are full of tapped levels and subsequently of no interest. Alert is set at 1.5000, however, on account of a bit of direction on this TF and it being a nice fresh demand zone. We'll see.
This pair's been in noisy mood of late. When this happens I find it helps to go to the highest TF that makes sense.
W1
Bullhorn expansion going on with price sitting midrange of it - 1.500 seems to be the median price.
H4
I've skipped Daily because there's nothing of much interest for me there. As noticed a few days ago, price broke the pole of that flag created around 10th March but nothing definitive has happened since.
M15
All TFs between this one and H4 are full of tapped levels and subsequently of no interest. Alert is set at 1.5000, however, on account of a bit of direction on this TF and it being a nice fresh demand zone. We'll see.
- #688
- Apr 12, 2016 4:32am Apr 12, 2016 4:32am
- Joined May 2012 | Status: ... | 1,925 Posts
EURAUD
Some M15 supply levels.
Some M15 supply levels.
- #690
- Apr 12, 2016 10:07am Apr 12, 2016 10:07am
- Joined May 2012 | Status: ... | 1,925 Posts
Hi Simond2002 been away for a while nice to be back and see you and your super clean charts.Usually do not trade Eur/Aud but you have got me interested again like the PA waiting to short from 1.49079 {image}
- #691
- Apr 12, 2016 10:25am Apr 12, 2016 10:25am
- Joined May 2012 | Status: ... | 1,925 Posts
Thoughts on USDCHF anyone?
It's in back testing the Daily demand from last October, and the H1 is printing new highs.
Too early to gauge whether or not this is going to be a reversal for me but the recent PA may be significant. Will set some alerts and read what happens if, as and when price hits.
It's in back testing the Daily demand from last October, and the H1 is printing new highs.
Too early to gauge whether or not this is going to be a reversal for me but the recent PA may be significant. Will set some alerts and read what happens if, as and when price hits.
- #692
- Apr 13, 2016 2:18am Apr 13, 2016 2:18am
- Joined May 2012 | Status: ... | 1,925 Posts
This morning's GJ. Back to building work..
- #693
- Apr 13, 2016 2:26am Apr 13, 2016 2:26am
- Joined May 2012 | Status: ... | 1,925 Posts
This morning's GJ. Back to building work.. {image}
- #694
- Apr 13, 2016 3:32am Apr 13, 2016 3:32am
- Joined Aug 2010 | Status: Trader | 1,282 Posts
{quote} 1 x TF higher; couple of levels to remain aware of. {image}
- #695
- Apr 13, 2016 2:21pm Apr 13, 2016 2:21pm
- Joined May 2012 | Status: ... | 1,925 Posts
GBPJPY M15
Born out of boredom more than anything else. We'll see.
Born out of boredom more than anything else. We'll see.
- #696
- Apr 13, 2016 5:32pm Apr 13, 2016 5:32pm
- Joined May 2012 | Status: ... | 1,925 Posts
GBPJPY M15 Born out of boredom more than anything else. We'll see. {image}
Rationale for taking trade was based on the breakdown of support, which had then been tested on the underside three times before the PA in the flag looked like it was breaking down further. A trade like this "should" go pretty much straight away, and although I'd always put a stop in, some times it's the case to close manually.
- #697
- Apr 14, 2016 2:08am Apr 14, 2016 2:08am
- Joined May 2012 | Status: ... | 1,925 Posts
{quote} Closed for a small loss. Not sure what was worse, the boredom of wanting to take a trade, or the boredom of watching this pair oscillate around a 20 pip range. Rationale for taking trade was based on the breakdown of support, which had then been tested on the underside three times before the PA in the flag looked like it was breaking down further. A trade like this "should" go pretty much straight away, and although I'd always put a stop in, some times it's the case to close manually. {image}
Keep vowing not to trade going into Asia - last night was a good example why. It's way past bedtime and I find it very difficult not to sit with a trade until it's at least reached first target and can be protected. Let's see what today brings.
- #699
- Apr 14, 2016 2:25am Apr 14, 2016 2:25am
- Joined May 2012 | Status: ... | 1,925 Posts
Thoughts on USDCHF anyone? It's in back testing the Daily demand from last October, and the H1 is printing new highs. Too early to gauge whether or not this is going to be a reversal for me but the recent PA may be significant. Will set some alerts and read what happens if, as and when price hits. {image} {image}
On W1 it's interesting and sitting in a nice level - could go bearish from here; it could also push higher and take the level out.
Have switched to H4 and will continue to monitor.
