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Forex Day Trading

  • #961
  • Sep 27, 2011 7:21pm Sep 27, 2011 7:21pm
Well one could argue both ways, with 4 hourly clearly showing rejection of the trend line but some very good support evident on the hourly at the top of the previous range period.

This is where you need to, at times, be careful as different TF's can give you different ideas of what is going on

The joys of trading and attempting to decipher the market
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  • #962
  • Sep 27, 2011 7:23pm Sep 27, 2011 7:23pm
Quoting tradpat
i have the similar feeling. it was good signs UP on monday but yesterday there were PB "every where" on H4 like in eur-usd / eur-jpy / aud-jpy that i long but manual closed today for some profits as i have "uneasy feeling" towards such signals, especially most pairs are around RN (dw, i am learning RN ).

just my 2 cents

cheers
Some traders dont believe in RN areas. But when you simply place them on the chart it is rather obvious in my opinion that price does react to those levels.
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  • #963
  • Sep 27, 2011 7:36pm Sep 27, 2011 7:36pm
RN does matter. I use it a lot for TP and SL. Just above or below it.
  • #964
  • Sep 27, 2011 7:39pm Sep 27, 2011 7:39pm
Quoting doggybones
RN does matter. I use it a lot for TP and SL. Just above or below it.
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  • #965
  • Sep 27, 2011 7:40pm Sep 27, 2011 7:40pm
Just took this trade. My first trade this week. Lets see how it goes.
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  • #966
  • Sep 27, 2011 7:43pm Sep 27, 2011 7:43pm
Quoting doggybones
Just took this trade. My first trade this week. Lets see how it goes.
Nice set up doggy. Looking ok so far. I have been watching a bit of AU 5 min last couple of days just to see its movement.
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  • #967
  • Sep 27, 2011 7:44pm Sep 27, 2011 7:44pm
Quoting doggybones
Just took this trade. My first trade this week. Lets see how it goes.
Stop Moved to BE.
  • #968
  • Sep 27, 2011 7:45pm Sep 27, 2011 7:45pm
I certainly dont want AU to drop too much, as planning a holiday to the US next year
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  • #969
  • Sep 27, 2011 7:47pm Sep 27, 2011 7:47pm
Quoting DarkWolF
Some traders dont believe in RN areas. But when you simply place them on the chart it is rather obvious in my opinion that price does react to those levels.
i am one STRONG believer now

cheers
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  • #970
  • Sep 27, 2011 7:53pm Sep 27, 2011 7:53pm
Quoting tradpat
i am one STRONG believer now

cheers
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  • #971
  • Sep 27, 2011 7:55pm Sep 27, 2011 7:55pm
Quoting DarkWolF
I certainly dont want AU to drop too much, as planning a holiday to the US next year
I can see it testing the highs by the time of your vacation.
  • #972
  • Sep 27, 2011 8:01pm Sep 27, 2011 8:01pm
Indecision candle. Closed it for 13 pips.
  • #973
  • Sep 27, 2011 8:03pm Sep 27, 2011 8:03pm
Quoting doggybones
Indecision candle. Closed it for 13 pips.
Nice trade though doggy
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  • #974
  • Sep 27, 2011 8:05pm Sep 27, 2011 8:05pm
Quoting doggybones
I can see it testing the highs by the time of your vacation.
HA HA


Lets hope so, 1.20 or higher would be damm nice

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  • #975
  • Sep 27, 2011 8:44pm Sep 27, 2011 8:44pm
Took a long on EU ended up with +13 pips after moved up a little and I pushed the stop up. Dont expect much movement during asian session but at times it can slowly range back up.

Here is how this one played out.
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  • #976
  • Sep 27, 2011 8:58pm Sep 27, 2011 8:58pm
Thats me for the night. Lets see what the next session brings. Good night all.
  • #977
  • Sep 27, 2011 9:01pm Sep 27, 2011 9:01pm
Quoting doggybones
Thats me for the night. Lets see what the next session brings. Good night all.
Have a good one doggy.
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  • #978
  • Sep 28, 2011 2:19am Sep 28, 2011 2:19am
Hi guys,

Well price is breaking up through that asian range now to see if we can get an entry of some sort.
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  • #979
  • Sep 28, 2011 6:23am Sep 28, 2011 6:23am
Morning all. Just woke up and its noon over here in London lol. Nice trade DW during the asain session. Any significant horizontal levels on EU 5min today ?

Cheers
Dan
  • #980
  • Sep 28, 2011 8:04am Sep 28, 2011 8:04am
Hi guys,

Been out tonight only just got back in, went to watch a stand up comedy show, quite funny

The trend line is what I had drawn before leaving to head out, as you can see had a couple of nice touches back on it that would have given nice trades. First touch back to it after the break of the asian highs was a nice one with confluence of the support line also. Looks like essentially it may have broken up a level only to range on the next level up.

Guess wait and see what happens.
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