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Forex Day Trading

  • #1,101
  • Sep 30, 2011 4:53am Sep 30, 2011 4:53am
pinbar on eu ..
  • #1,102
  • Sep 30, 2011 4:54am Sep 30, 2011 4:54am
Quoting DarkWolF
Looks like ya clocking up a few pips today Musashi, nice work so far.
Just added them up... +162.7 pips today from 6 trades.

Now the pound decides to tank more after I moved my stop down... bloody typical...
  • #1,103
  • Sep 30, 2011 4:55am Sep 30, 2011 4:55am
Yep, lets see how it plays out, im a bit tempted to wait for a pullback all the way to the trend line. That may not happen though.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,104
  • Sep 30, 2011 4:59am Sep 30, 2011 4:59am
Not so sure that EU going to reach that next level.... guess just have to hold and see what will happen going to move stop down above that xx00 level and reduce risk... just in case..
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  • #1,105
  • Sep 30, 2011 5:18am Sep 30, 2011 5:18am
Quoting DarkWolF
Yep, lets see how it plays out, im a bit tempted to wait for a pullback all the way to the trend line. That may not happen though.
well the PB failed, price closed above RN now aswell
  • #1,106
  • Sep 30, 2011 5:35am Sep 30, 2011 5:35am
Quoting dan89
well the PB failed, price closed above RN now aswell
Yes I copped a loss that time.. don't matter.. just another trade closer to the next winner.
  • #1,107
  • Sep 30, 2011 5:36am Sep 30, 2011 5:36am
Ya took it also for a losing trade, had to quickly enter it and leave the orders to play out as couldnt sit to watch had to go do some things. Came back to see it stopped out instead of TP. Oh well thats trading.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,108
  • Sep 30, 2011 5:39am Sep 30, 2011 5:39am
Well the news didnt cause much of a reaction.

Hourly support line still holding by the looks.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,109
  • Sep 30, 2011 5:51am Sep 30, 2011 5:51am
Quoting DarkWolF
Ya took it also for a losing trade, had to quickly enter it and leave the orders to play out as couldnt sit to watch had to go do some things. Came back to see it stopped out instead of TP. Oh well thats trading.
Did you take the break of that pinbar ? I took an earlier entry on the 1M for a loss then that pinbar formed and decided to just let it go. But if i hadnt taken that 1m trade i would of taken that 5min pinbar.
  • #1,110
  • Sep 30, 2011 6:10am Sep 30, 2011 6:10am
Well it did eventually find some resistance... this trade going to make up for the last loss and then some..
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  • #1,111
  • Sep 30, 2011 6:12am Sep 30, 2011 6:12am
Quoting dan89
Did you take the break of that pinbar ? I took an earlier entry on the 1M for a loss then that pinbar formed and decided to just let it go. But if i hadnt taken that 1m trade i would of taken that 5min pinbar.
Took the break of it. Looks like I should have stayed out and waited for the trend line. Although it still hasnt got back to it at least would have avoided the loss.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,112
  • Sep 30, 2011 6:19am Sep 30, 2011 6:19am
This trading business is not exact, one thing remains the same... price will move between xx00 and xx50 levels... frequently..
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  • #1,113
  • Sep 30, 2011 6:26am Sep 30, 2011 6:26am
GU looking set to break down again... I know I know... I'm good...
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  • #1,114
  • Sep 30, 2011 6:29am Sep 30, 2011 6:29am
The trend line I was waiting for should have been redrawn, I didnt notice this time as have been back forth with my laptop.

If had it redrawn it would have been looking a bit more like this.

Going down nicely now.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,115
  • Sep 30, 2011 6:31am Sep 30, 2011 6:31am
Quoting Musashi
This trading business is not exact, one thing remains the same... price will move between xx00 and xx50 levels... frequently..
u r right, see the Daily pairs

dw, e-u is seemed breaking the PB. based on your normal trading method, one would wait for a pull back at RN 1.5500?

cheers
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  • #1,116
  • Sep 30, 2011 6:35am Sep 30, 2011 6:35am
Quoting tradpat
u r right, see the Daily pairs

dw, e-u is seemed breaking the PB. based on your normal trading method, one would wait for a pull back at RN 1.5500?

cheers
Do you mean GU at 1.5500 ?

If I was trading it on daily I would simply be taking the break of the PB lows.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,117
  • Edited 6:51am Sep 30, 2011 6:40am | Edited 6:51am
Moved stops down again... Hit on GU as I type this.

EU still running with a tight trail... around +65 pips on EU open trade and GU was +39 Pips.

EU trailing stop hit +54 Pips

That will do for today.

+228.5 Pips Overall for today.

Today ADR for EU 177 pips
Today ADR for GU 95 pips
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  • #1,118
  • Sep 30, 2011 6:49am Sep 30, 2011 6:49am
Quoting DarkWolF
Do you mean GU at 1.5500 ?

If I was trading it on daily I would simply be taking the break of the PB lows.
oops
it is EU at RN 1.3500, it now broke all past 3xPB's low, but i am concern the RL.

i had a long at x candle where it was a false break UP, but the market took me out for BE the next 2 days.

yesterday i thought it is a fight between bull and bear... so i'd better sit aside and watch until a good PA comes by, moreover it is at the important RN 1.3500

any comment?

thanks for your time.

cheers
Attached Image
  • #1,119
  • Sep 30, 2011 7:05am Sep 30, 2011 7:05am
Quoting Musashi
Moved stops down again... Hit on GU as I type this.

EU still running with a tight trail... around +65 pips on EU open trade and GU was +39 Pips.

EU trailing stop hit +54 Pips

That will do for today.

+228.5 Pips Overall for today.

Today ADR for EU 177 pips
Today ADR for GU 95 pips
Not a bad days work there
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,120
  • Sep 30, 2011 7:07am Sep 30, 2011 7:07am
Quoting tradpat
oops
it is EU at RN 1.3500, it now broke all past 3xPB's low, but i am concern the RL.

i had a long at x candle where it was a false break UP, but the market took me out for BE the next 2 days.

yesterday i thought it is a fight between bull and bear... so i'd better sit aside and watch until a good PA comes by, moreover it is at the important RN 1.3500

any comment?

thanks for your time.

cheers
The trend is down
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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