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Forex Day Trading

  • #701
  • Sep 11, 2011 11:51pm Sep 11, 2011 11:51pm
Short EU 5min this one for +12 pips.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #702
  • Sep 12, 2011 12:47am Sep 12, 2011 12:47am
Quoting DarkWolF
Short EU 5min this one for +12 pips.
Quoting DarkWolF
Happy to close this one out for +26 pips short on EU 5 min.

Wasnt at PC for the first couple of retests but took this one, was a pretty slow ride back to the lows area but eventually made it there.

u

i did short EU when it pulled back... then SLo=BE before went off... now just returned and realized SLo was hit BE
Attached Image(s) (click to enlarge)
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  • #703
  • Sep 12, 2011 12:59am Sep 12, 2011 12:59am
i also short g-u before went out... now i moved its SLo below BE to lock 8 pips for free run...

dw, i think i need full time to monitor the trades so that i can close them like u for about 20 pips... no greed... accumulation of small wins = BIG $$$

cheers
Attached Image (click to enlarge)
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  • #704
  • Sep 12, 2011 1:11am Sep 12, 2011 1:11am
Quoting nbafx
i also short g-u before went out... now i moved its SLo below BE to lock 8 pips for free run...

dw, i think i need full time to monitor the trades so that i can close them like u for about 20 pips... no greed... accumulation of small wins = BIG $$$

cheers
ooops... SLo hit!
...chow
  • #705
  • Sep 12, 2011 1:28am Sep 12, 2011 1:28am
EU 5 min pulled back nicely to the trend line, bounce away and entry for +18 pips.
Attached Image(s) (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #706
  • Sep 12, 2011 1:33am Sep 12, 2011 1:33am
Quoting nbafx
i also short g-u before went out... now i moved its SLo below BE to lock 8 pips for free run...

dw, i think i need full time to monitor the trades so that i can close them like u for about 20 pips... no greed... accumulation of small wins = BIG $$$

cheers
Short term trades simply need to be done at key times within the day. Sure it is good if you have the ability to watch the screens but that can sometimes be a bad thing also if you are not disciplined.

First couple of hours of each session during the day can be the good times to be keeping an eye out for the short term trades. So you dont need to be doing it full time, you simply need to pick the times when you do watch it.

I still do the longer term trades also and have some nice ones running at the moment.

EJ short +403 pips
AUDNZD short +85 pips
AUDUSD short +234 pips
EURUSD short +290 pips this one was however taken on 5 min chart for only 15 pips risk so not bad at the moment.

Although they are still not profit until the trades are closed so see how they go.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #707
  • Sep 12, 2011 5:40am Sep 12, 2011 5:40am
Good morning all. Looks like the price came back to the same place where i left last night. Took a short again at Fridays low. I think it is risky as the 5 min is showing a HH and HL. However the price moved for me while I was writing this and closed for 22 pips.
  • #708
  • Sep 12, 2011 6:05am Sep 12, 2011 6:05am
Most likely not too many wanting to short USD around here I suspect.

However it's a key level. USD weakness coming.
  • #709
  • Sep 12, 2011 6:31am Sep 12, 2011 6:31am
Quoting DarkWolF
Short term trades simply need to be done at key times within the day. Sure it is good if you have the ability to watch the screens but that can sometimes be a bad thing also if you are not disciplined.

First couple of hours of each session during the day can be the good times to be keeping an eye out for the short term trades. So you dont need to be doing it full time, you simply need to pick the times when you do watch it.
hey thx 4 d input. with my current full time job i see US session would be nice for demoing 5M trades... just that i am concerning like u said the "news" ...something i have to watch out! in ur experience how long to wait after the news b4 trading?


Quoting DarkWolF
I still do the longer term trades also and have some nice ones running at the moment.

EJ short +403 pips
AUDNZD short +85 pips
AUDUSD short +234 pips
EURUSD short +290 pips this one was however taken on 5 min chart for only 15 pips risk so not bad at the moment.

Although they are still not profit until the trades are closed so see how they go.
v impressive, dw

my Daily trades a-usd n a-cad were struggling for 2 days b4 seeing profit... i almost lost both traders for 300 pips on the 1st day

sometimes i think one's "luck" is in play like the above for me as we really don't know how far the price will go towards SLo or even further

cheers
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  • #710
  • Sep 12, 2011 7:08am Sep 12, 2011 7:08am
Took a long in the Eur Usd this time. HH and HL on the charts. Lets see how this goes.
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  • #711
  • Sep 12, 2011 7:15am Sep 12, 2011 7:15am
Closed it for a quick 30 pips.
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  • #712
  • Sep 12, 2011 7:24am Sep 12, 2011 7:24am
Quoting doggybones
Closed it for a quick 30 pips.
I think I did a very similar trade as that.

Support at a previous intraday resistance level.
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  • #713
  • Sep 12, 2011 7:36am Sep 12, 2011 7:36am
Quoting doggybones
Closed it for a quick 30 pips.
Quoting Musashi
I think I did a very similar trade as that.

Support at a previous intraday resistance level.


a v good trade... pls keep up posting
  • #714
  • Sep 12, 2011 7:45am Sep 12, 2011 7:45am
i am trying 5M entry... short g-cad after seeing PB + RN... already set SLo=BE... let see how it turns out... will join u all soon
Attached Image (click to enlarge)
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  • #715
  • Sep 12, 2011 8:13am Sep 12, 2011 8:13am
Hi guys,

Been out tonight so just getting back into the charts now, looks like been a nice move up, with a few nice trades taken by you guys.

The short I had going on EU trail was taken out for +153 pips, left the trail quite wide looking to give it a bit of room, so gave back a bit but still im happy with those pips.

EJ has +221 pips locked away with price now only 70ish pips away from that stop
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #716
  • Sep 12, 2011 8:14am Sep 12, 2011 8:14am
Quoting nbafx
i am trying 5M entry... short g-cad after seeing PB + RN... already set SLo=BE... let see how it turns out... will join u all soon
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #717
  • Sep 12, 2011 8:16am Sep 12, 2011 8:16am
Quoting doggybones
Closed it for a quick 30 pips.
Quoting Musashi
I think I did a very similar trade as that.

Support at a previous intraday resistance level.
Pretty spot on guys

Nice work on the trades.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #718
  • Sep 12, 2011 8:31am Sep 12, 2011 8:31am
EU stalling on the resistance area of Fridays daily candle, looking for the trend line to break and hold on the 5 min though before any sort of shorting again. Price pretty much sitting on that area right now, see if it holds as support.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #719
  • Sep 12, 2011 8:44am Sep 12, 2011 8:44am
Potential for a short entry. See how things pan out. The bullish move has been rather strong tonight though.
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  • #720
  • Sep 12, 2011 9:01am Sep 12, 2011 9:01am
Quoting DarkWolF
Potential for a short entry. See how things pan out. The bullish move has been rather strong tonight though.
Well the support certainly held this time. Gotta be careful when looking for a change of a strong move. Long off the support would have netted you some nice quick pips if ya' took it.
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