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Forex Day Trading

  • #381
  • Sep 1, 2011 6:56am Sep 1, 2011 6:56am
Although now after the second retest of the RN its looking like it might move a bit lower.

Cant get them all though
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #382
  • Sep 1, 2011 7:01am Sep 1, 2011 7:01am
Just took a short range-trade in EURO
Entry: 1.4301
Exit: 1.4288
Profit: +13 pips
Drawdown: 3 pips
Trade basis: M5 channel trade.
Entry Reason: PA at channel top, M1 stoch (20,5,3) overbought and crossing down.
Exit Reason: M1 stoch went Oversold & news coming.

Ardy.
Attached Image (click to enlarge)
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  • #383
  • Sep 1, 2011 7:07am Sep 1, 2011 7:07am
Gotta be careful of those economic news releases, never ceases to amaze me how they can move price around.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #384
  • Sep 1, 2011 7:11am Sep 1, 2011 7:11am
Just crawled outta bed to check the charts.

Nice move after almost being stopped out.

Importance of previous support being resistance.

Hope you guys are learning from this.
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  • #385
  • Sep 1, 2011 7:14am Sep 1, 2011 7:14am
Quoting Musashi
Just crawled outta bed to check the charts.

Nice move after almost being stopped out.

Importance of previous support being resistance.

Hope you guys are learning from this.
Gotta be happy with that news pushing it in your favour. Easy pips when that happens.

Nice work
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #386
  • Sep 1, 2011 7:15am Sep 1, 2011 7:15am
This EJ trade still looking ok for me, news helping it out a little also
Attached Image (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #387
  • Sep 1, 2011 7:19am Sep 1, 2011 7:19am
EURCHF still going strong +350 pips at the moment
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #388
  • Sep 1, 2011 7:28am Sep 1, 2011 7:28am
Quoting DarkWolF
EURCHF still going strong +350 pips at the moment
Nice 1.2.3 reversal there on the daily chart I see.

GJ

This GU hopefully will reach the ADR at which point will be looking to TP on this around 90-100 pips from a 15 pip initial stop.

Love that.
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  • #389
  • Sep 1, 2011 7:29am Sep 1, 2011 7:29am
Sleep time for me, see how the longer term trades pan out for me over night.

Good trading all.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #390
  • Sep 1, 2011 7:31am Sep 1, 2011 7:31am
Quoting Musashi
Ni

This GU hopefully will reach the ADR at which point will be looking to TP on this around 90-100 pips from a 15 pip initial stop.

Love that.
Indeed
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #391
  • Sep 1, 2011 7:39am Sep 1, 2011 7:39am
Quoting DarkWolF
Gotta be careful of those economic news releases, never ceases to amaze me how they can move price around.
wow! euro making wild in us session

Quoting Musashi
Just crawled outta bed to check the charts.

Nice move after almost being stopped out.

Importance of previous support being resistance.

Hope you guys are learning from this.
u r making good pips

Quoting DarkWolF
This EJ trade still looking ok for me, news helping it out a little also
marvelous! what a gr8 stacking trades

Quoting DarkWolF
EURCHF still going strong +350 pips at the moment
it's your DAY, DW!
r u losing ur brake (no stop)? ha ha ha!

cheers
  • #392
  • Sep 1, 2011 7:46am Sep 1, 2011 7:46am
Doubtful price will make it past this level. Highly doubtful
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  • #393
  • Sep 1, 2011 7:46am Sep 1, 2011 7:46am
Quoting DarkWolF
Sleep time for me, see how the longer term trades pan out for me over night.

Good trading all.

Cheers.
u sure had a wonderful trading today... a tired day... c u tomolo... hv a nice zzz...
  • #394
  • Sep 1, 2011 7:53am Sep 1, 2011 7:53am
Quoting Musashi
Doubtful price will make it past this level. Highly doubtful
mus, it's just the morning session in US... let us see how it works out in the afternoon session...

i short g-u for RR 1.5 after seeing the pull back + the MAs were diverging
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  • #395
  • Sep 1, 2011 7:53am Sep 1, 2011 7:53am
Once this Trade is over +145.6 Pips in the book today.

+353.2 Pips for the Week
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  • #396
  • Sep 1, 2011 8:15am Sep 1, 2011 8:15am
Quoting Musashi
Once this Trade is over +145.6 Pips in the book today.

+353.2 Pips for the Week
wow congrat!

dw, mus and traders
on AJ, with the TLs drawn, which one is more relevant TL1 or TL2 for PA / chart analysis? how would one goes from there? pls. comment. thanks. good nite to all.
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  • #397
  • Sep 1, 2011 4:13pm Sep 1, 2011 4:13pm
Pretty sure we'll see EJ sell off today.
  • #398
  • Sep 1, 2011 4:14pm Sep 1, 2011 4:14pm
Quoting nbafx
wow congrat!

dw, mus and traders
on AJ, with the TLs drawn, which one is more relevant TL1 or TL2 for PA / chart analysis? how would one goes from there? pls. comment. thanks. good nite to all.
Hi nba,

When plotting and using trend lines both sloping and horizontal, one thing to keep in mind is that there no "exact" line that price will touch. At times it will be almost exact. They should be looked at as more of an "area" where price may react. It may be just before, it may overshoot the line slightly or it may be pretty much right on the line. The same is to be said with RN areas. Sometimes it will be spot on others it will overshoot or fall slightly short of the area, but pay attention to how price is reacting.

Its more about how price reacts when its at that "area" that is deemed to be support or resistance.

Both of those lines are pretty much in the right "area" with TL 1 probably closer to where I would draw a line.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #399
  • Sep 1, 2011 4:15pm Sep 1, 2011 4:15pm
Quoting Musashi
Pretty sure we'll see EJ sell off today.
Hope so I still have open short positions on EJ
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #400
  • Sep 1, 2011 4:17pm Sep 1, 2011 4:17pm
Hi guys,

Update on my current open positions.
Attached Image(s) (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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