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Forex Day Trading

  • #321
  • Aug 31, 2011 8:31am Aug 31, 2011 8:31am
dw n mus, u r good in lower tf like 5m/15m. i noticed dw has high winning % in his trades i attempted but felt "heart attack"
anyway i tried G-U (only) H1 (tf) this time... long it after seeing PB bounced on SL / confluence line, for RR 1.5. see how it works out?

add: i recall my e-chf... its SLo could have been hit for BE; E-J should be in red... approaching SLo
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  • #322
  • Aug 31, 2011 9:26am Aug 31, 2011 9:26am
Quoting nbafx
i
anyway i tried G-U (only) H1 (tf) this time... long it after seeing PB bounced on SL / confluence line, for RR 1.5. see how it works out?
Hi nba,

I think that your entry on this one could have been a bit sooner. I would have looked for entry just above the PB that bounced off the support area with a stop just below it. Potential TP area or at least an area to have BE entered would be at the previous highs.

Both areas are key "horizontal" levels.

Essentially the lower the TF you trade on the less your TP target is going to be. But try to look at the key areas to identify potential TP and SL areas.
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  • #323
  • Aug 31, 2011 9:39am Aug 31, 2011 9:39am
EU 5 min short, got a bit lucky on this one I think, moved stop down to lock some profits in.

See if I get lucky with a move down.
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  • #324
  • Aug 31, 2011 9:43am Aug 31, 2011 9:43am
Really liking these charts DW, really helpfull, keep em' comin' !

Dan
  • #325
  • Aug 31, 2011 9:43am Aug 31, 2011 9:43am
Quoting DarkWolF
EU 5 min short, got a bit lucky on this one I think, moved stop down to lock some profits in.

See if I get lucky with a move down.
Out for +29 gave back 10 pips but all good, when trying to trail its inevitable that some pips are going to given back to the market.
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  • #326
  • Aug 31, 2011 9:47am Aug 31, 2011 9:47am
Keep an eye on PA if price makes it back to the horizontal resistance area.
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  • #327
  • Aug 31, 2011 9:53am Aug 31, 2011 9:53am
Keep an eye on EJ 4 hourly for potential short.
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  • #328
  • Aug 31, 2011 10:03am Aug 31, 2011 10:03am
Quoting DarkWolF
Keep an eye on PA if price makes it back to the horizontal resistance area.
+12 pips after re entry
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  • #329
  • Aug 31, 2011 10:12am Aug 31, 2011 10:12am
Quoting dan89
Really liking these charts DW, really helpfull, keep em' comin' !

Dan
No probs.

Cheers.
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  • #330
  • Aug 31, 2011 10:30am Aug 31, 2011 10:30am
Well its sleep time for me

Good trading all.

Cheers.
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  • #331
  • Aug 31, 2011 11:02am Aug 31, 2011 11:02am
DW, liking this thread a lot. I trade the short-term TFs - so seeing your trades help very much. I'll see if I can post a few potential trades so people can critique and gain from each other's analyses.

Many thanks for sharing.

Ardy
  • #332
  • Aug 31, 2011 5:19pm Aug 31, 2011 5:19pm
Quoting ardy
DW, liking this thread a lot. I trade the short-term TFs - so seeing your trades help very much. I'll see if I can post a few potential trades so people can critique and gain from each other's analyses.

Many thanks for sharing.

Ardy
Hi Ardy,

Welcome to the thread, look forward to seeing some of your charts.

Cheers.
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  • #333
  • Aug 31, 2011 5:39pm Aug 31, 2011 5:39pm
Quoting DarkWolF
Havent had a decent daily trade for some time now and still not a lot that is grabbing my attention. A lot of sideways movement at the moment. There is a few pairs that could potentially be setting up for some short continuations. EJ, AJ, EC, NJ, NU. Will simply monitor some of these to see what happens with price, have no pending orders in as yet.
Ok based on yesterdays charts the entries I ended up with were a short on EURCHF after a move below the indecision bar that was evident at a resistance area currently +138 pips.

Also took a position on EURJPY, looking for the continuation pattern to take place. This entry was taken from the 4 hourly chart. Currently +20 pips and looking for further short move in the continuation today.
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  • #334
  • Aug 31, 2011 5:44pm Aug 31, 2011 5:44pm
Today on the daily and 4 hourly I will be keeping an eye on PA for AUDUSD, NZDUSD, NZDJPY and EURUSD.
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  • #335
  • Aug 31, 2011 6:23pm Aug 31, 2011 6:23pm
oops! my H1 G-U was hit for 68 pips loss

p.s. looking at e-j, i could have loss

what a start for the day
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  • #336
  • Aug 31, 2011 6:25pm Aug 31, 2011 6:25pm
Quoting DarkWolF
Ok based on yesterdays charts the entries I ended up with were a short on EURCHF after a move below the indecision bar that was evident at a resistance area currently +138 pips.

Also took a position on EURJPY, looking for the continuation pattern to take place. This entry was taken from the 4 hourly chart. Currently +20 pips and looking for further short move in the continuation today.
wow! u r gr8! both r v nice entries i am learning from u
  • #337
  • Aug 31, 2011 7:17pm Aug 31, 2011 7:17pm
Took a short on EU 5 min, dont normally like to take too many short term trades during asian session due to likely hood of range, but hourly and 4 hourly indicating bit of potential resistance on the low that was broken. BE in quick to protect against any ranging. Targeting the RN below. If BE hit then oh well its all good.
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  • #338
  • Aug 31, 2011 8:34pm Aug 31, 2011 8:34pm
Quoting DarkWolF
Took a short on EU 5 min, dont normally like to take too many short term trades during asian session due to likely hood of range, but hourly and 4 hourly indicating bit of potential resistance on the low that was broken. BE in quick to protect against any ranging. Targeting the RN below. If BE hit then oh well its all good.
BE hit, didnt quite make the RN target.
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  • #339
  • Sep 1, 2011 12:24am Sep 1, 2011 12:24am
Looks like Short potential here on EU
  • #340
  • Sep 1, 2011 12:28am Sep 1, 2011 12:28am
Quoting Musashi
Looks like Short potential here on EU
Ya it has been looking that way just does not seem to want to take off as yet but guess that is typical of the asian session.
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