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Forex Day Trading

  • #1,041
  • Sep 29, 2011 9:44am Sep 29, 2011 9:44am
Guys, It looks like the action just got started. But I got to run some errands. Good Luck
  • #1,042
  • Sep 29, 2011 9:45am Sep 29, 2011 9:45am
...waiting for a decent retest of the RN for an entry .. .lol been waitin all day. reckon it will continue lower ?
  • #1,043
  • Sep 29, 2011 9:46am Sep 29, 2011 9:46am
Hmmmm I was looking at NZDUSD for a potential 4 hourly short also but didnt put any orders in. Oh well.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,044
  • Sep 29, 2011 9:47am Sep 29, 2011 9:47am
Quoting dan89
...waiting for a decent retest of the RN for an entry .. .lol been waitin all day. reckon it will continue lower ?
Guess we will soon find out, I was just about ready to head to bed too then we get some action.... geeez
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,045
  • Sep 29, 2011 9:48am Sep 29, 2011 9:48am
Quoting doggybones
Guys, It looks like the action just got started. But I got to run some errands. Good Luck
Have a good one doggy.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,046
  • Sep 29, 2011 10:19am Sep 29, 2011 10:19am
got stoped out for -13

Pinbar on 5min has formed at the round number .. no sure if i should enter
  • #1,047
  • Sep 29, 2011 10:20am Sep 29, 2011 10:20am
Typical PA, nice sharp move followed by a period of bugger all before it decides what it wants to do next. Annoying when your tired and waiting for something to happen
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,048
  • Sep 29, 2011 10:22am Sep 29, 2011 10:22am
Quoting dan89
got stoped out for -13

Pinbar on 5min has formed at the round number .. no sure if i should enter
I took it earlier and got stopped BE I use a program that allows auto BE to enter at a certain price and it got put in on that first spike down and hit straight after. I took AUD short though BE in now just 2 pips from TP.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,049
  • Sep 29, 2011 10:25am Sep 29, 2011 10:25am
AUDUSD short +12 pips
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: au tp.jpg Size: 75 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,050
  • Sep 29, 2011 10:25am Sep 29, 2011 10:25am
Quoting DarkWolF
I took it earlier and got stopped BE I use a program that allows auto BE to enter at a certain price and it got put in on that first spike down and hit straight after. I took AUD short though BE in now just 2 pips from TP.
yea i usually just put a trailing stop the same number of pips as my stop, so when it reaches 1:1 RR it automatically gets set to BE

price is stuck between the RN and daily pivot where it bounced up off

yeah i would of got out at BE on the trade when it spiked down but wasnt at my computer lol
  • #1,051
  • Sep 29, 2011 10:29am Sep 29, 2011 10:29am
Have you seen this program before, I have been using it for a while now and find it makes trade management so much easier and allows for one click trading, set up of trade profiles etc.

Some brokers offer it for free if you have an active account with them.

You can trial it out on demo free also.

http://www.myfx.com/

http://www.myfx.com/LiveHelp.aspx

It is good when you have more than one order on the go and can set auto TP and SL levels very quickly.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,052
  • Sep 29, 2011 10:34am Sep 29, 2011 10:34am
Yeah ive heard of this program before, only thing is .. i dont use metatrader for trading. just analysis becuase its faster then FXCM's platform. however FXCM's platform does have one click trading and a bunch of other stuff that i prefer e.g. trading from charts etc

well eu broke down pretty hard. that pinbar would of been a good entry. TBH i should not of entered that first trade ... i didnt really wait for any confirming PA.
  • #1,053
  • Sep 29, 2011 10:34am Sep 29, 2011 10:34am
Cable short +12 pips.

Tried a couple of the other pairs tonight. Dont normally trade them on short term but usually have them up just to watch.

Had the auto TP on this one but tried to take it off last minute and maybe aim for bit more out of it but it got hit before I got there.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,054
  • Sep 29, 2011 10:37am Sep 29, 2011 10:37am
Quoting dan89
Yeah ive heard of this program before, only thing is .. i dont use metatrader for trading. just analysis becuase its faster then FXCM's platform. however FXCM's platform does have one click trading and a bunch of other stuff that i prefer e.g. trading from charts etc

well eu broke down pretty hard. that pinbar would of been a good entry. TBH i should not of entered that first trade ... i didnt really wait for any confirming PA.
Ya, I took it off that first little indecision bar that formed after the break down. Was probably a little aggressive by not waiting and had TP a few more pips than I normally do and got a BE instead. I have been finding last couple of days when I widen my TP a little usually ends up in BE
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,055
  • Sep 29, 2011 10:38am Sep 29, 2011 10:38am
quite a number of nice small trades you got today DW !
  • #1,056
  • Sep 29, 2011 10:40am Sep 29, 2011 10:40am
Quoting DarkWolF
Ya, I took it off that first little indecision bar that formed after the break down. Was probably a little aggressive by not waiting and had TP a few more pips than I normally do and got a BE instead. I have been finding last couple of days when I widen my TP a little usually ends up in BE
which indecision bar you refering to ?
  • #1,057
  • Sep 29, 2011 10:41am Sep 29, 2011 10:41am
Quoting dan89
Yeah ive heard of this program before, only thing is .. i dont use metatrader for trading. just analysis becuase its faster then FXCM's platform. however FXCM's platform does have one click trading and a bunch of other stuff that i prefer e.g. trading from charts etc
I used to use IG markets web based platform some time ago. When I switched to charting on MT4, I used IG to execute and MT4 to chart. It was only a matter of time though before I changed my account to a MT4 broker.

Its a pretty good program. If you use a MT4 platform to chart from just download the trial version of MYFX and give it a crack.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,058
  • Sep 29, 2011 10:44am Sep 29, 2011 10:44am
Quoting dan89
which indecision bar you refering to ?
This one. Was probably a bit presumptious in hindsight though

That PB that broke the RN would have been good, but again its easy in hindsight much harder live, especially once ya just have a stop hit and wanting to get back on straight away.
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  • #1,059
  • Sep 29, 2011 10:49am Sep 29, 2011 10:49am
cheers DW

yeah hindsight is always easy lol. although this was pretty much the exact move i was waiting for all day, just entered to early. Was looking for this one to go all the way down to the next xx50 RN since theres not much stoping it in terms of resistance
  • #1,060
  • Sep 29, 2011 10:54am Sep 29, 2011 10:54am
Quoting dan89
cheers DW

yeah hindsight is always easy lol. although this was pretty much the exact move i was waiting for all day, just entered to early. Was looking for this one to go all the way down to the next xx50 RN since theres not much stoping it in terms of resistance
Yes its annoying when that happens, wait for ages for it to set up and dont get it.

Well lets see if the range will hold.
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