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Forex Day Trading

  • #881
  • Sep 21, 2011 5:42pm Sep 21, 2011 5:42pm
Quoting DarkWolF
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.
Also the RN area to contend with that is showing confluence with the resistance. But asian sessions can have the tendency to simply range between the RN areas, so I guess we can just wait and see what price decides to do.
Attached Image (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #882
  • Sep 21, 2011 6:02pm Sep 21, 2011 6:02pm
Quoting DarkWolF
Also the RN area to contend with that is showing confluence with the resistance. But asian sessions can have the tendency to simply range between the RN areas, so I guess we can just wait and see what price decides to do.
I am gonna leave these charts alone and try to get up at the London session which doesnt happen a lot. You guys try to make some green pips and I will see what tomorrow brings. Have a good night guys ( good morning to some of you )
  • #883
  • Sep 21, 2011 6:13pm Sep 21, 2011 6:13pm
Quoting doggybones
I am gonna leave these charts alone and try to get up at the London session which doesnt happen a lot. You guys try to make some green pips and I will see what tomorrow brings. Have a good night guys ( good morning to some of you )
Have a good one doggy,

Ya I am done now until the London session starts then I will see whats on offer.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #884
  • Sep 21, 2011 10:10pm Sep 21, 2011 10:10pm
Hi guys, I'm enjoying the good posts here. I'm in a short on E/U from 1.3625. I'm always amazed how the technicals line up with the fundamentals. I had an order in at 1.3772 but cancelled it due to the news, drawdown would have been about 25 pips. I had it there because of the gap that usually closes. I know we don't play the "woulda,shoulda,coulda" game here, but it's interesting how it all ties together. I don't trade the news, I mainly do 1-2-3 breaks and there were some nice setups around the news on quite a few pairs, ie a/u, n/u. I've got my stop at be and will let this one run. I'll try to post in real time.Cheers, Bogus
FF journal: Peaks and Troffs
  • #885
  • Sep 21, 2011 10:40pm Sep 21, 2011 10:40pm
Quoting bogus
Hi guys, I'm enjoying the good posts here. I'm in a short on E/U from 1.3625. I'm always amazed how the technicals line up with the fundamentals. I had an order in at 1.3772 but cancelled it due to the news, drawdown would have been about 25 pips. I had it there because of the gap that usually closes. I know we don't play the "woulda,shoulda,coulda" game here, but it's interesting how it all ties together. I don't trade the news, I mainly do 1-2-3 breaks and there were some nice setups around the news on quite a few pairs, ie a/u, n/u....
Hi Bogus,

Looks like you have some nice pips on the run with that short trade good work. I dont pay too much attention to fundamentals at all, but I am careful to be aware of when the news releases are due because of the effect they can potentially have on the market. Ya' it amazes me at times how it all comes together nicely with FX.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #886
  • Sep 22, 2011 2:14am Sep 22, 2011 2:14am
Finally breaking through the channel.
Attached Image (click to enlarge)
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  • #887
  • Sep 22, 2011 5:51am Sep 22, 2011 5:51am
Quoting DarkWolF
Finally breaking through the channel.
Hey DW, manage to get an entry on that EU 5 min ?

Dan
  • #888
  • Sep 22, 2011 6:16am Sep 22, 2011 6:16am
Quoting dan89
Hey DW, manage to get an entry on that EU 5 min ?

Dan
Hi Dan,

I was out most of the London session but got home not long after NY started. I managed to get about 22 pips short from that last move just down from just above the 1.34500 level. No images as im just doing a few other things. Was hoping to get an entry on a pullback from where it is now but nothing presenting as yet. Keep waiting I guess.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #889
  • Sep 22, 2011 6:39am Sep 22, 2011 6:39am
I have a nice short going from early this morning on NZD/ USD. Up around 80 pips right now. I will wait for a little bit to see if it gets to 7750. The daily is pointing towards it.
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  • #890
  • Sep 22, 2011 6:43am Sep 22, 2011 6:43am
Quoting doggybones
I have a nice short going from early this morning on NZD/ USD. Up around 80 pips right now. I will wait for a little bit to see if it gets to 7750. The daily is pointing towards it.
Nice work doggy,

Looks like your having a rather nice week
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #891
  • Sep 22, 2011 6:47am Sep 22, 2011 6:47am
I am DW. Thank you. Got to take the good ones with the bad ones. After I close this one I will close the charts until Monday.
  • #892
  • Sep 22, 2011 6:53am Sep 22, 2011 6:53am
Quoting doggybones
I am DW. Thank you. Got to take the good ones with the bad ones. After I close this one I will close the charts until Monday.
Well deserved I think doggy and good to take Friday off.

I took this short on EU 5 min, looked like it was going to get stopped out with price moving back up to the trend line rather quickly. Was going to target the lower red line as TP area but as price was looking a bit shaky I got out for +15. As im typing this it is moving nicely towards that original target. Thats trading
Attached Image(s) (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #893
  • Sep 22, 2011 6:59am Sep 22, 2011 6:59am
Quoting doggybones
I have a nice short going from early this morning on NZD/ USD. Up around 80 pips right now. I will wait for a little bit to see if it gets to 7750. The daily is pointing towards it.
Certainly is getting smashed tonight isnt it, going down nicely
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #894
  • Sep 22, 2011 7:03am Sep 22, 2011 7:03am
Closed for 120 pips. I had a really good week and I hope you guys did and will too. I am gonna go and enjoy life. See you guys on Monday.
  • #895
  • Sep 22, 2011 7:10am Sep 22, 2011 7:10am
Quoting doggybones
Closed for 120 pips. I had a really good week and I hope you guys did and will too. I am gonna go and enjoy life. See you guys on Monday.
Have a good weekend doggy.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #896
  • Sep 22, 2011 8:57am Sep 22, 2011 8:57am
Quoting DarkWolF
Well deserved I think doggy and good to take Friday off.

I took this short on EU 5 min, looked like it was going to get stopped out with price moving back up to the trend line rather quickly. Was going to target the lower red line as TP area but as price was looking a bit shaky I got out for +15. As im typing this it is moving nicely towards that original target. Thats trading
Hi DW, do you not wait for the candle to close before placing your entry order. In that chart you seem'd to of entered on the pinbar before the bar closed.

Cheers
Dan
  • #897
  • Sep 22, 2011 9:05am Sep 22, 2011 9:05am
Quoting dan89
Hi DW, do you not wait for the candle to close before placing your entry order. In that chart you seem'd to of entered on the pinbar before the bar closed.

Cheers
Dan

Hi Dan,

I took that entry on the low of the first red bar that moved away from the trend line, it just appears that it was taken on the pin bar but it was as price was moving past the low of the first red bar.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #898
  • Sep 22, 2011 5:52pm Sep 22, 2011 5:52pm
Hi guys,

A couple of trades just taken this morning. First one I took off the hourly down trend line from yesterday, this was a pretty fast stop out for -15 pips.

In hindsight I should have waited for my original plan of the upper trend line on the 5 min chart. Took it short again putting away +14 pips was looking for a little more out of it but price stalled on the first lot of highs twice so that is where I decided to jump out.

Nice strong bullish move to start the day, will the support that EU daily is sitting on be enough to prop it up for a day or 2.
Attached Image(s) (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #899
  • Sep 22, 2011 8:19pm Sep 22, 2011 8:19pm
Quoting Fxbay
This is the pictures!!! Caution "IGmarket"
1) when i execute my closing position i can't entry their platform. it normally happen when european zone. The worse part is when the time to take profit it alway happen i cant entry. due to that i suffer many lossess.

2)their latest charting is worse than before. all currencies is "Lagging" and cant match with current price of the martket.

*Worse it is yet to beginning!!!!

3)Yesterday, when i place SL at eur/usd at 1.3494. but was execute at 1.3471. about 20pips. i get really mad!!! call their...
Hi fxbay,

Thanks for the information mate, but I think that you have the wrong forum page for complaining about brokers

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #900
  • Sep 24, 2011 5:01am Sep 24, 2011 5:01am
hi dw

am i making a mistake or an incorrect analyst on eur-gbp?

i should have zoomed-in the chart before triggered long yesterday.
this view gave me to see a triangle pattern.
the price is seemed to burst soon - either up thru the TL/DHL3 or down thru the DHL2

i long bcos the PB shown up the day before. i now have a 47 pips loss.

should i manual exit the trade on monday ? any opinion?
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