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  • #861
  • Sep 21, 2011 4:15pm Sep 21, 2011 4:15pm
Well it certainly was a day with a lot of action. It is rare to see a higher high and lower low that big in the same day.

BTW DW where you from down there, my brother lives near manly beach in Sydney. We were thinking coming down there this winter (summer there). Heard good things about down there.
  • #862
  • Sep 21, 2011 4:20pm Sep 21, 2011 4:20pm
Quoting doggybones
Well it certainly was a day with a lot of action. It is rare to see a higher high and lower low that big in the same day.

BTW DW where you from down there, my brother lives near manly beach in Sydney. We were thinking coming down there this winter (summer there). Heard good things about down there.
I am in Adelaide doggy. Will that be your first visit here ? The summer here can be quite hot

Well of course im a little biased but ya its quite good here. Although for someone who hasnt travelled in Europe yet I hear lots of good things about there also.

edit: my apologies, I forgot your in the states. Im actually heading over there next March to Vegas and potentially NY but that will be my first venture into the states.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #863
  • Sep 21, 2011 4:27pm Sep 21, 2011 4:27pm
Yup This will be the first time. I live in US though not in Europe. I will take the hot any day than the freeze here in winter in Minnesota.
  • #864
  • Sep 21, 2011 4:28pm Sep 21, 2011 4:28pm
Quoting DarkWolF

edit: my apologies, I forgot your in the states. Im actually heading over there next March to Vegas and potentially NY but that will be my first venture into the states.
No problem. Vegas will get you though. Be careful. And everybody should visit NY once. I will just say this...It is different there.
  • #865
  • Sep 21, 2011 4:32pm Sep 21, 2011 4:32pm
Quoting doggybones
Yup This will be the first time. I live in US though not in Europe. I will take the hot any day than the freeze here in winter in Minnesota.
Ya I put a little edit on the bottom of the last post after remembering that

I have never experienced the sub zero cold weather so I cant vouch for that but I would imagine after being used to the weather here that sort of weather would knock it out of ya'

The heat here can have the same effect as the extreme cold though. When its extreme heat its just too damm hot to be doing anything. Usually only get a few weeks worth of extreme heat each year if it does happen though and the rest of the time its pretty damm good

I much prefer the warmth to the cold though.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #866
  • Sep 21, 2011 4:35pm Sep 21, 2011 4:35pm
Quoting doggybones
No problem. Vegas will get you though. Be careful. And everybody should visit NY once. I will just say this...It is different there.
I am not much of a gambler so hopefully that wont be a problem but I am looking forward to seeing it. I went to Macau a year ago whilst visiting Hong Kong and while not in the same league as Vegas that was fun. There is so many things I would like to go see over there but with limited time I guess ya' have to narrow it down to a few.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #867
  • Sep 21, 2011 4:38pm Sep 21, 2011 4:38pm
Just took a short on EU +31 pips down from the RN took profit at the lows, no images though on that one.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #868
  • Sep 21, 2011 4:41pm Sep 21, 2011 4:41pm
Quoting DarkWolF
I am not much of a gambler so hopefully that wont be a problem but I am looking forward to seeing it. I went to Macau a year ago whilst visiting Hong Kong and while not in the same league as Vegas that was fun. There is so many things I would like to go see over there but with limited time I guess ya' have to narrow it down to a few.
Even if you have limited time Vegas wont be a problem as most of the things are concentrated in one area. And you will have fun there even if you dont gamble. That place is just amazing.
  • #869
  • Sep 21, 2011 4:43pm Sep 21, 2011 4:43pm
Quoting DarkWolF
Just took a short on EU +31 pips down from the RN took profit at the lows, no images though on that one.
Nice work DW. I was waiting for 3630ish to take a short.
  • #870
  • Sep 21, 2011 4:52pm Sep 21, 2011 4:52pm
Quoting doggybones
Nice work DW. I was waiting for 3630ish to take a short.
I was tempted to hold it but too many times I have tried that during the Asian session only to see price range back up to take it out as a BE, rather bank the pips and wait for something else to show.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #871
  • Sep 21, 2011 5:02pm Sep 21, 2011 5:02pm
Went long on NZD/ USD looking for a bounce from the monthly low. I know its against the trend but I am not looking for much and the stop is really tight.
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  • #872
  • Sep 21, 2011 5:05pm Sep 21, 2011 5:05pm
Quoting doggybones
Went long on NZD/ USD looking for a bounce from the monthly low. I know its against the trend but I am not looking for much and the stop is really tight.
Ya' be careful with that its in a nice down move.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #873
  • Edited 5:10pm Sep 21, 2011 5:05pm | Edited 5:10pm
I guess that was quick closed for -6 pips.
  • #874
  • Sep 21, 2011 5:09pm Sep 21, 2011 5:09pm
I will occasionally attempt a counter trade but much prefer sticking with overall trend.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #875
  • Sep 21, 2011 5:13pm Sep 21, 2011 5:13pm
I do too...looking back I should have waited for the candle.
  • #876
  • Sep 21, 2011 5:17pm Sep 21, 2011 5:17pm
Quoting doggybones
I do too...looking back I should have waited for the candle.
Just watching that chart, can be frustrating when ya take a stop out only to see price move back in your favour, but thats trading and it happens time and time again. All you can do is wear it, sit and wait for the next opportunity.

Although with the pips you have made over the last couple of days doggy you have pretty much passed your weekly target
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #877
  • Sep 21, 2011 5:20pm Sep 21, 2011 5:20pm
Dear DarkWolf and doggy;
Thanks for the nice thread. iIreally learn a lot. I think there is probability for eurusd to go up a little bit. Engulfing bullish and doji on H1.
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  • #878
  • Sep 21, 2011 5:25pm Sep 21, 2011 5:25pm
DW actually with what I got this week I already am above my monthly target. I just had two good trades this week and the last one. The main thing I have learned is to be patient. When it comes to me it comes to me and when I try something like the last one have the stops tight and ready to take that loss. Sometimes those pay good dividends but I am ready to lose on those too.
  • #879
  • Sep 21, 2011 5:33pm Sep 21, 2011 5:33pm
Quoting Bkh60
Dear DarkWolf and doggy;
Thanks for the nice thread. iIreally learn a lot. I think there is probability for eurusd to go up a little bit. Engulfing bullish and doji on H1.
Hi Bkh,

No probs, and welcome to the thread. I would be a little cautious from here on looking for long positions. After such a sharp move down there is always potential for price to rally up, but I would wait at the very least for the bottom of the range area that is currently showing as potential resistance to break up and hold again. However I do not see a bullish engulfing candle on the hourly chart.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #880
  • Sep 21, 2011 5:38pm Sep 21, 2011 5:38pm
Quoting doggybones
DW actually with what I got this week I already am above my monthly target. I just had two good trades this week and the last one. The main thing I have learned is to be patient. When it comes to me it comes to me and when I try something like the last one have the stops tight and ready to take that loss. Sometimes those pay good dividends but I am ready to lose on those too.
Nice work

Yes patience is definately a trait that you need as a trader. And the discipline to remain patient. I find when I attempt the counter I like to get my BE in real quick and if I get lucky and price takes off then sweet its all good enjoy the ride and if not and the BE gets hit so be it.

Counters can be quite profitable at times when they work out. Just gotta be careful, like some traders often find out, not to get caught in the trap of chasing counter after counter, trying to pick the next top or bottom and hoping for that elusive massive pip trade only to see it keeping going in the direction of the trend constantly taking out your stops. Counters work much better on the longer TF charts with good pin bars or indecision bars appearing at the right spots.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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