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Forex Day Trading

  • #221
  • Aug 26, 2011 7:34am Aug 26, 2011 7:34am
Quoting Musashi
Nice trading DW.

The power of the H1 PB.

Over +90 Pips open on first position and over +60 Pips on second position.
  • #222
  • Aug 26, 2011 7:35am Aug 26, 2011 7:35am
Quoting Musashi
Just moved stops down to BE on both. See what happens.

Taking a look at the H4 chart can quite clearly see the supply zones.

All good in hindsight.
Indeed. Those horizontal levels are the ones to keep an eye on
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #223
  • Aug 26, 2011 7:39am Aug 26, 2011 7:39am
for gold, what is the no. of pips for open 1785.50 and close 1765.00? is it 205 or 20.5 pips?

sori, i just am confused over gold (and silver) comparing to normal currency pairs in computing their pips gain/loss.

thx.
happy pipping
  • #224
  • Aug 26, 2011 8:37am Aug 26, 2011 8:37am
Quoting nbafx
for gold, what is the no. of pips for open 1785.50 and close 1765.00? is it 205 or 20.5 pips?

sori, i just am confused over gold (and silver) comparing to normal currency pairs in computing their pips gain/loss.

thx.
happy pipping
Hi nba,

That would be 205 pips.

A good way to check if your not sure is put your cross hair tool on the chart, press and hold the left mouse button and then move your cursor up or down your chart. You will notice the pip count on the chart as you move the cursor. Hope this helps.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 88 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #225
  • Aug 26, 2011 8:44am Aug 26, 2011 8:44am
See if EJ can retrace 50% of the daily range and come back to a previous intraday support level and the 00 level in the market.

Watch for some price rejection off of that level could be a good short set up around that region.
Attached Image (click to enlarge)
Click to Enlarge Name: 5.jpg Size: 79 KB
  • #226
  • Aug 26, 2011 8:48am Aug 26, 2011 8:48am
Quoting Musashi
See if EJ can retrace 50% of the daily range and come back to a previous intraday support level and the 00 level in the market.

Watch for some price rejection off of that level could be a good short set up around that region.
Definately a good area to keep an eye on
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #227
  • Aug 26, 2011 8:55am Aug 26, 2011 8:55am
Sleep time for me.

Enjoy your weekend

BTW... Pound looked like a good level to short intraday previous support 00 level quite good confluence factors.
  • #228
  • Aug 26, 2011 9:03am Aug 26, 2011 9:03am
Well EU just got knocked down 50 pips in a matter of minutes guess that might be due to the Bernanke speech and news releases
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #229
  • Aug 26, 2011 9:03am Aug 26, 2011 9:03am
Happens way too often...

Looks like going to be a bit volatile tonight..
Attached Image (click to enlarge)
Click to Enlarge Name: 5.jpg Size: 83 KB
  • #230
  • Aug 26, 2011 9:04am Aug 26, 2011 9:04am
Straight back up again.

It definatley pays to be aware of when the economic data and speeches are due
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #231
  • Aug 26, 2011 9:07am Aug 26, 2011 9:07am
Quoting Musashi
Happens way too often...

Looks like going to be a bit volatile tonight..
Bouncing around a little on that news be careful of that position, but it might go in your favour nicely
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #232
  • Aug 26, 2011 9:08am Aug 26, 2011 9:08am
Quoting DarkWolF
Straight back up again.

It definatley pays to be aware of when the economic data and speeches are due
No shit... M1 chart needed for this type of movement.
Attached Image (click to enlarge)
Click to Enlarge Name: 7.jpg Size: 86 KB
  • #233
  • Aug 26, 2011 9:08am Aug 26, 2011 9:08am
Quoting DarkWolF
Hi nba,

That would be 205 pips.

A good way to check if your not sure is put your cross hair tool on the chart, press and hold the left mouse button and then move your cursor up or down your chart. You will notice the pip count on the chart as you move the cursor. Hope this helps.

Cheers
dw, i think i got it too after i did an "experiment" as per attachment
yeap u r correct... it is 205 pips (that i lost in a 2-hours trade in gold )

i tried the crosshair tool... interestingly about the figures displayed... but i couldn't find the no. of pips... is there anything i did incorrect?

thanks, pal. for taking your efforts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pips.jpg Size: 33 KB
Click to Enlarge Name: pips2.jpg Size: 49 KB
  • #234
  • Aug 26, 2011 9:09am Aug 26, 2011 9:09am
Quoting Musashi
No shit... M1 chart needed for this type of movement.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #235
  • Aug 26, 2011 9:11am Aug 26, 2011 9:11am
Quoting nbafx
dw, i think i got it too after i did an "experiment" as per attachment
yeap u r correct... it is 205 pips (that i lost in a 2-hours trade in gold )

i tried the crosshair tool... interestingly about the figures displayed... but i couldn't find the no. of pips... is there anything i did incorrect?

thanks, pal. for taking your efforts.
The second number is the number of pips

No probs.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #236
  • Aug 26, 2011 9:13am Aug 26, 2011 9:13am
Quoting nbafx
dw, i think i got it too after i did an "experiment" as per attachment
yeap u r correct... it is 205 pips (that i lost in a 2-hours trade in gold )

i tried the crosshair tool... interestingly about the figures displayed... but i couldn't find the no. of pips... is there anything i did incorrect?

thanks, pal. for taking your efforts.
So in that image of yours its 235.3 pips
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #237
  • Aug 26, 2011 9:16am Aug 26, 2011 9:16am
So far so good.. moving stop down above swing highs on the M1 chart probably the best bet in this type of move, racking up the pips today.

Floating around +40 pips at the moment on this one.
Attached Image (click to enlarge)
Click to Enlarge Name: 8.jpg Size: 82 KB
  • #238
  • Aug 26, 2011 9:16am Aug 26, 2011 9:16am
Quoting Musashi
Happens way too often...

Looks like going to be a bit volatile tonight..
Looking like this might continue nicely for you Musashi.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #239
  • Aug 26, 2011 9:17am Aug 26, 2011 9:17am
Quoting Musashi
So far so good.. moving stop down above swing highs on the M1 chart probably the best bet in this type of move, racking up the pips today.

Floating around +40 pips at the moment on this one.
Definately a good way to end the week
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #240
  • Aug 26, 2011 9:23am Aug 26, 2011 9:23am
Quoting DarkWolF
So in that image of yours its 235.3 pips
so i am, now i got it.
many thanks pal.

r u looking at silver / gold... i am watching... to see if PB or long lower wick candle to show up for long opp
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