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Forex Day Trading

  • #261
  • Aug 29, 2011 7:35am Aug 29, 2011 7:35am
i long one of the chf pair... eur-chf
the momentum was seen going up by the past week 2 PBs
the MAs crossed up
the strong bull candle formed last fri

just that i again hope my RR 2.0 is acceptable (?)
any comment on RR or TP is welcome
cheers
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  • #262
  • Aug 29, 2011 7:35am Aug 29, 2011 7:35am
Quoting nbafx
dw, hope u did manage to catch some pips in the past 5-6 candles hours... all went "south!"
Hi nba,

The only trade im in at the moment is an EU 5 min trade that have +28 pips on with a BE in place, I probably should have been out of this one by now but holding it to see how it plays out. Hourly could be setting up for a potential continuation so I might end up giving these pips back.

Been a bit busy tonight trying to get a few things organised as tomorrow I have to have surgery on my knee. Probably be away from the trades for a few days due to this. Basically just sitting on the couch, but will see if can sort out my lap top to a strategic position
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #263
  • Aug 29, 2011 7:41am Aug 29, 2011 7:41am
Quoting nbafx
i long one of the chf pair... eur-chf
the momentum was seen going up by the past week 2 PBs
the MAs crossed up
the strong bull candle formed last fri

just that i again hope my RR 2.0 is acceptable (?)
any comment on RR or TP is welcome
cheers
Be careful of buying into "potential" resistance.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #264
  • Aug 29, 2011 7:44am Aug 29, 2011 7:44am
Quoting DarkWolF
Hi nba,

The only trade im in at the moment is an EU 5 min trade that have +28 pips on with a BE in place, I probably should have been out of this one by now but holding it to see how it plays out. Hourly could be setting up for a potential continuation so I might end up giving these pips back.
And there ya go, given most of them back, there is always something to be said for taking ya profit off the table
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #265
  • Aug 29, 2011 7:47am Aug 29, 2011 7:47am
Quoting DarkWolF
And there ya go, given most of them back, there is always something to be said for taking ya profit off the table
And out BE on the trade, a trade that was +36 pips.

Oh well, gotta try now and then.

RN was probably the best target area to TP.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #266
  • Aug 29, 2011 7:53am Aug 29, 2011 7:53am
EU 5 min trade
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #267
  • Aug 29, 2011 7:54am Aug 29, 2011 7:54am
Quoting DarkWolF
Be careful of buying into "potential" resistance.
ok, i take note of that...

Quoting DarkWolF
And there ya go, given most of them back, there is always something to be said for taking ya profit off the table
it hurt indeed... on the other hand, hey u did not lose!



Quoting DarkWolF

Been a bit busy tonight trying to get a few things organised as tomorrow I have to have surgery on my knee. Probably be away from the trades for a few days due to this. Basically just sitting on the couch, but will see if can sort out my lap top to a strategic position
well... just let go the laptop... fren... no worry... the market is always waiting for us...

dw, relax yourself... take a good rest before the operation tomorrow... u take a good care yourself, ok pal.
  • #268
  • Aug 29, 2011 7:56am Aug 29, 2011 7:56am
Quoting nbafx
ok, i take note of that...

Resistance will break though, so you just never know
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #269
  • Aug 29, 2011 7:58am Aug 29, 2011 7:58am
News out, watch out for volatility, Trichet Speach
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #270
  • Aug 29, 2011 8:05am Aug 29, 2011 8:05am
Quoting nbafx


it hurt indeed... on the other hand, hey u did not lose!



Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #271
  • Aug 29, 2011 8:24am Aug 29, 2011 8:24am
Quoting nbafx
i long one of the chf pair... eur-chf

Certainly looking good on the 4 hour chart nba
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #272
  • Aug 29, 2011 8:29am Aug 29, 2011 8:29am
i took long e-j bcos last fri long lower wick PB... giving a sign of strong momentum to north + aligning with the TL.
should the momentum stays strong... then my TP is reachable... let see how it works out
cheers
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  • #273
  • Aug 29, 2011 8:35am Aug 29, 2011 8:35am
Quoting nbafx
i took long e-j bcos last fri long lower wick PB... giving a sign of strong momentum to north + aligning with the TL.
should the momentum stays strong... then my TP is reachable... let see how it works out
cheers
It is looking pretty good so far for that move nba.

Good logical TP area
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #274
  • Aug 29, 2011 8:49am Aug 29, 2011 8:49am
AHHH back to TP.... just took a quick one short on EU for +15 sorry no image as had to leave the room quickly by the time I got back the TP level had already been hit all over in couple of mins. Just the way I like it.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #275
  • Aug 29, 2011 9:18am Aug 29, 2011 9:18am

i hope not to lose my silver... got it long after seeing the last thur bull candle, followed by the fri long lower wick PB, riding on the trend as seen on the MAs, showing me the sign of momentum UP...
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  • #276
  • Aug 29, 2011 9:26am Aug 29, 2011 9:26am
Well sleep time for me, good luck with those open trades nba.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #277
  • Aug 29, 2011 9:35am Aug 29, 2011 9:35am
Quoting DarkWolF
Well sleep time for me, good luck with those open trades nba.
thx. u take a good rest.
  • #278
  • Edited 10:26am Aug 29, 2011 9:59am | Edited 10:26am
monitoring the PA on a-nz, u-sg and g-j...
arent u? welcome your feedback (tq).
good nite to all
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  • #279
  • Aug 30, 2011 4:20am Aug 30, 2011 4:20am
Hi Guys,

Two quick shorts for EU 5 min chart, +12 and +16.

Struggling for images tonight as confined to lying on my lounge with lap top barely in reach.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #280
  • Aug 30, 2011 4:41am Aug 30, 2011 4:41am
Some factors which can lead to a successful trade. Especially trading the GU pair.

1. Intraday Previous Support.
2. 50% Fibonacci Level.
3. xx00 Price Level in the Market.
4. Resistance Evident.

Study it and watch for the signs.
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