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Forex Day Trading

  • #1,021
  • Sep 29, 2011 8:21am Sep 29, 2011 8:21am
Thanks for the help guys, ill just stick to avoiding orange and red news events on the relevant pairs
  • #1,022
  • Sep 29, 2011 8:36am Sep 29, 2011 8:36am
Quoting dan89
Thanks for the help guys, ill just stick to avoiding orange and red news events on the relevant pairs
  • #1,023
  • Sep 29, 2011 8:54am Sep 29, 2011 8:54am
Had another crack at this one long off that congested area, fell short of TP by 2pips and BE got hit.

Couldnt get the follow up image as was helping my g/f cut some video footage. Producing the cut footage now to new vid but had to shut down all my trading platforms as freezing up PC.
Attached Image (click to enlarge)
Click to Enlarge Name: eu3.jpg Size: 89 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,024
  • Sep 29, 2011 8:58am Sep 29, 2011 8:58am
Quoting dan89
Thanks for the help guys, ill just stick to avoiding orange and red news events on the relevant pairs
I did have an indicator once upon a time that showed the news releases up on your chart and how far until they came out. But I think if you just check when they are coming and be aware of the time its just as good. If you always use a stop its all good anwyays just in case you do lose track of time.

I find it hard to fathom that some traders still trade FX without a stop in place. Bloody dangerous doing that.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,025
  • Sep 29, 2011 9:19am Sep 29, 2011 9:19am
Quoting DarkWolF
Had another crack at this one long off that congested area, fell short of TP by 2pips and BE got hit.

Couldnt get the follow up image as was helping my g/f cut some video footage. Producing the cut footage now to new vid but had to shut down all my trading platforms as freezing up PC.
Unlucky on that trade mate. Does this vid have anything to do with FX by any chance ?
  • #1,026
  • Sep 29, 2011 9:39am Sep 29, 2011 9:39am
Quoting dan89
Unlucky on that trade mate. Does this vid have anything to do with FX by any chance ?
Na it is a vid for a presentation that she has to deliver for work tomorrow.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,027
  • Sep 29, 2011 9:39am Sep 29, 2011 9:39am
Quoting DarkWolF
I did have an indicator once upon a time that showed the news releases up on your chart and how far until they came out. But I think if you just check when they are coming and be aware of the time its just as good. If you always use a stop its all good anwyays just in case you do lose track of time.

I find it hard to fathom that some traders still trade FX without a stop in place. Bloody dangerous doing that.
Yeah, what im going to do from now on is check all the relevant news release times and place vertical lines on my chart at those times (15mins before and after). Atleast then i dont have to keep going back to the calender to check
  • #1,028
  • Sep 29, 2011 9:41am Sep 29, 2011 9:41am
Quoting DarkWolF
Na it is a vid for a presentation that she has to deliver for work tomorrow.
cool, good luck on the presentation. I used to hate giving presentations but while i was at uni we had to do presentations infront of 50+ people all the time .. ended up getting used to it lol
  • #1,029
  • Sep 29, 2011 9:55am Sep 29, 2011 9:55am
Not me giving the presentation its my girlfriend. Just wasted an hour producing it and realised why it took so long. It came out as a 12 gig file from a 1 gig file now gotta do it again at least another 20 mins before can open any charts.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,030
  • Sep 29, 2011 10:04am Sep 29, 2011 10:04am
I havent really been able to look at the charts too this morning. Maybe there will be a late afternoon move like yesterday.
  • #1,031
  • Sep 29, 2011 10:05am Sep 29, 2011 10:05am
Quoting dan89
Yeah, what im going to do from now on is check all the relevant news release times and place vertical lines on my chart at those times (15mins before and after). Atleast then i dont have to keep going back to the calender to check
Ya or just set an alarm on your mobile phone or some other device to go off at a set time before the major releases to remind you of them.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,032
  • Sep 29, 2011 10:14am Sep 29, 2011 10:14am
Quoting dan89
Yeah, what im going to do from now on is check all the relevant news release times and place vertical lines on my chart at those times (15mins before and after). Atleast then i dont have to keep going back to the calender to check
The news almost always comes around the same time every week. So once you get used to the cycle of news you will have a pretty good idea of it too. The news from Europe usually comes between 3am and 5am eastern time and the US news are mostly at 7:30 and 9 eastern time.
  • #1,033
  • Sep 29, 2011 10:40am Sep 29, 2011 10:40am
Ya thats right, I normally get all the high release ones at around about the same time each night here so I know what time of night I normally have to be double checking to make sure.

Bugger all going on tonight with EU bit of a triangle going on price confined to it somethings gotta give soon as its getting into a tight squeeze now.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,034
  • Sep 29, 2011 10:51am Sep 29, 2011 10:51am
Quoting DarkWolF
Ya thats right, I normally get all the high release ones at around about the same time each night here so I know what time of night I normally have to be double checking to make sure.

Bugger all going on tonight with EU bit of a triangle going on price confined to it somethings gotta give soon as its getting into a tight squeeze now.
This whole summer has been like this. But this has taught me to be more and more patient by the day. And that has led to having more right ones than wrong ones. So I am not complaining
  • #1,035
  • Sep 29, 2011 11:08am Sep 29, 2011 11:08am
Quoting doggybones
This whole summer has been like this. But this has taught me to be more and more patient by the day. And that has led to having more right ones than wrong ones. So I am not complaining
Ya patience is the hardest attribute to learn. And when your not patient you normally take blows to your profits.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,036
  • Sep 29, 2011 11:20am Sep 29, 2011 11:20am
triangle looks like its gonna break soon
  • #1,037
  • Sep 29, 2011 11:34am Sep 29, 2011 11:34am
Quoting dan89
triangle looks like its gonna break soon
It did eventually, squeezed +11 pips out of this one it moved off pretty fast missed a few pips on the entry.
Attached Image(s) (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,038
  • Sep 29, 2011 11:37am Sep 29, 2011 11:37am
Geez it took of nicely after that break, like a spring wound up in that triangle just waiting to pop
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,039
  • Sep 29, 2011 11:40am Sep 29, 2011 11:40am
Straight to the RN area with no dramas at all.
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  • #1,040
  • Sep 29, 2011 11:40am Sep 29, 2011 11:40am
I was wondering what happened to NZD. It got downgraded. Missed the entry earlier by 2 pips. Oh well.
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