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Forex Day Trading

  • #181
  • Aug 23, 2011 3:18am Aug 23, 2011 3:18am
My EG short on daily has now been triggered out at break even. So only AUDNZD on 4 houlry open at current time.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #182
  • Aug 23, 2011 4:57am Aug 23, 2011 4:57am
Short EU 1.44757

BE already entered on this looking to hold bit longer target than I normally would but using BE to protect it.

Once BE is in cant go wrong either way.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #183
  • Aug 23, 2011 5:38am Aug 23, 2011 5:38am
Quoting DarkWolF
Short EU 1.44757

BE already entered on this looking to hold bit longer target than I normally would but using BE to protect it.

Once BE is in cant go wrong either way.
Closed trade out for +21 pips took profit at the round number area and that will be me done for the night.

Good Trading guys.
Attached Image(s) (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #184
  • Aug 23, 2011 5:43am Aug 23, 2011 5:43am
AUDNZD 4 hourly update.

This one is looking ok so far +70 pips in profit. Looking at potentially getting a BE in on this one soon also.
Attached Image (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #185
  • Aug 23, 2011 5:46am Aug 23, 2011 5:46am
Quoting DarkWolF
AUDNZD 4 hourly update.

This one is looking ok so far +70 pips in profit. Looking at potentially getting a BE in on this one soon also.
OK, BE is entered so all good either way now
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #186
  • Aug 23, 2011 6:26am Aug 23, 2011 6:26am
Quoting Musashi
Just about reached TP levels.

Closing out +60 Pips.

Sometimes near enough is close enough... especially when you are taking entry on a M5 Chart...
Quoting DarkWolF
Closed +11 pips on this one
Quoting DarkWolF
EU 5 min chart, took this pretty much as soon as I opened my charts very quick trade over in a couple of minutes. Not quite the 60 pips that Musashi made but ill take the +16.
u 2 r v good indeed me for lower tf cheers
  • #187
  • Aug 23, 2011 6:45am Aug 23, 2011 6:45am
Quoting DarkWolF
My EG short on daily has now been triggered out at break even. So only AUDNZD on 4 houlry open at current time.
i also short the e-g when seeing good PB's formed in H1 & H4.
however after 5-6 days just like u dw my SLo hit n got BE.
it didn't go down further otherwise my tp could have been hit.
well there is always next opp
Attached Image(s) (click to enlarge)
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  • #188
  • Aug 23, 2011 11:58pm Aug 23, 2011 11:58pm
Long side on EU looking the goods this session.
  • #189
  • Aug 24, 2011 12:07am Aug 24, 2011 12:07am
Quoting Musashi
Long side on EU looking the goods this session.
I agree. looks like longs, but I won't touch it. This is the worst range I've seen on e/u.I'm out of my a/nz shorts for BE and closed my e/c longs for a small profit. Pretty much sitting on my hands for now.
FF journal: Peaks and Troffs
  • #190
  • Aug 24, 2011 2:38am Aug 24, 2011 2:38am
Quoting Musashi
Long side on EU looking the goods this session.
Hi guys,

Ya it certainly does look this way. Just loaded up the charts for the day. My AUDNZD short was hit for BE.

Another half hour ish before close of current 4 hour bar then I will check those out. Daily charts pretty much a lot of sideways action at the moment.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #191
  • Aug 24, 2011 3:18am Aug 24, 2011 3:18am
Looking for a potential short on USDCAD 4hr.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #192
  • Aug 24, 2011 4:22am Aug 24, 2011 4:22am
Quoting DarkWolF
Looking for a potential short on USDCAD 4hr.
Short triggered at .98723
Attached Image (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #193
  • Aug 24, 2011 5:39pm Aug 24, 2011 5:39pm
Quoting nbafx
dw, have a nice trip over the weekend.

oh, one trade i took on a-j... after observing the bearish engulfing candle + following the downtrend.

my problem always is whether to set RR 1:1 or 1:2? any advise is welcome.

have a gr8 weekend to all
l closed this trade after seeing the trend changed going north on H4... also a "northern star" (my own term ) being formed on Daily last 3 trading days... bearing a loss of 110 pips

dw, the market wiped me off on this trade!

now looking for new opp... cheers.
Attached Image(s) (click to enlarge)
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  • #194
  • Aug 24, 2011 5:49pm Aug 24, 2011 5:49pm
i short g-u 3 days ago after observing the reversed PB on the confluence line... it was in loss then followed the downtrend yesterday... now in 100 odd profit... just that again...

Q: should i lower the SLo? if so by how much?

i always have this dilemma... any comment, pls.

thx. happy pipping to all.

Attached Image (click to enlarge)
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  • #195
  • Aug 24, 2011 5:50pm Aug 24, 2011 5:50pm
I'm keeping my eye on a breakdown of the bearish wedge on 4hour E/C.
FF journal: Peaks and Troffs
  • #196
  • Aug 24, 2011 6:04pm Aug 24, 2011 6:04pm
Watching A/U trendline break. I'm in a cheeky short N/U. Tight stop.
Attached Image (click to enlarge)
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FF journal: Peaks and Troffs
  • #197
  • Aug 24, 2011 6:10pm Aug 24, 2011 6:10pm
Short A/U now.
FF journal: Peaks and Troffs
  • #198
  • Aug 24, 2011 10:26pm Aug 24, 2011 10:26pm
Out of N/$ for a small loss. Still in a/u, stop at B.E. Got a tiny position short on A/NZ. Can't wait for this ranging to be over.
FF journal: Peaks and Troffs
  • #199
  • Aug 25, 2011 3:49am Aug 25, 2011 3:49am
Hi guys,

I am a bit late onto the charts tonight as had a few things I had to take care of.

Bit of movement on the EU 5 min charts. Not a whole lot of things going on with the longer term charts though..... Well unless you managed to get onto GU short.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #200
  • Edited 4:44am Aug 25, 2011 4:04am | Edited 4:44am
Quoting nbafx
i short g-u 3 days ago after observing the reversed PB on the confluence line... it was in loss then followed the downtrend yesterday... now in 100 odd profit... just that again...

Q: should i lower the SLo? if so by how much?

i always have this dilemma... any comment, pls.

thx. happy pipping to all.

Hi nba,

Yes this is always the dilema and not one that cant easily be answered as it is a personal choice. At the very least make sure that you have BE entered to ensure that a winning position does not become a losing position.

If you do want to lock in some pips rather than giving it back you could always enter a trailing position at x amount of pips away from the market.

The current 4 hourly chart may give an indication of where stop placement could potentially be moved down to.

The dilema always is "what if I move my stop down it gets hit and it continues to move in my favour". OHHHH that wonderful emotion of greed. It may very well go in your favour by another x amount of pips until you then face the next move down and wether to take profit or move you stop.

The swing points are usually the best areas to place your stops or at obvious horizontal levels. Now that is not going to happen on the daily for a good few days if it does pan out your way, or simply use the 4 hourly swing areas as your trailing stops.
Attached Image (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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