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Forex Day Trading

  • #1,161
  • Oct 3, 2011 6:34pm Oct 3, 2011 6:34pm
Quoting doggybones
It actually lets me try a couple of things I have observed in the last month or so.
Ya' a bit of free time will allow that.

Plus any time not at work is good time
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,162
  • Oct 3, 2011 6:38pm Oct 3, 2011 6:38pm
Quoting doggybones
It actually lets me try a couple of things I have observed in the last month or so.
If you try anything, try this one thing. Watch price as it approaches xx00 and xx50 combined with previous S/R levels.
  • #1,163
  • Oct 3, 2011 10:19pm Oct 3, 2011 10:19pm
Back for a quick look at whats going on. Not much so far by the looks. As usual for this time of the day.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,164
  • Oct 3, 2011 10:33pm Oct 3, 2011 10:33pm
AU cash rate unchanged... thought the RBA may have cut it a tad considering the instability in the markets at the moment.
  • #1,165
  • Oct 3, 2011 10:34pm Oct 3, 2011 10:34pm
Looks like a spike above the 1.3200 level... short side is looking good...
  • #1,166
  • Oct 3, 2011 10:45pm Oct 3, 2011 10:45pm
Quoting Musashi
Looks like a spike above the 1.3200 level... short side is looking good...
Seems to be boucing around both sides of that 1.3200 level at the moment.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,167
  • Oct 3, 2011 10:50pm Oct 3, 2011 10:50pm
Quoting DarkWolF
Seems to be boucing around both sides of that 1.3200 level at the moment.
Been waiting for this news all day, so i can look for a trade. The fact that rates have been on hold for so long, to me says only a matter of time before the RBA decides to cut rates.

But then Building Approvals is way higher than expected, which could be a reason for not cutting them.

Still think short side on EU on any prices below 1.3200
  • #1,168
  • Oct 3, 2011 10:52pm Oct 3, 2011 10:52pm
5M chart breaking down out of a wedge. Likely to go lower.
  • #1,169
  • Oct 3, 2011 10:56pm Oct 3, 2011 10:56pm
Quoting Musashi
5M chart breaking down out of a wedge. Likely to go lower.
Potentially, but dont get caught out by the range that usually happens during asian session.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,170
  • Oct 3, 2011 10:58pm Oct 3, 2011 10:58pm
Gotta take off for a bit, will be back for start of London session to see what is going on I think.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,171
  • Oct 3, 2011 11:04pm Oct 3, 2011 11:04pm
Quoting DarkWolF
Potentially, but dont get caught out by the range that usually happens during asian session.
Yes true, aisan session is not the best for trading.
  • #1,172
  • Oct 4, 2011 12:26am Oct 4, 2011 12:26am
Well it wont hold below that level.

Time to go for longs I suspect.
  • #1,173
  • Oct 4, 2011 1:46am Oct 4, 2011 1:46am
Hi guys,

Well time to see what the UK and NY sessions are going to dish up for us today
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,174
  • Oct 4, 2011 2:13am Oct 4, 2011 2:13am
Well is that start going to be indicitave of the session.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,175
  • Oct 4, 2011 2:54am Oct 4, 2011 2:54am
Well the market had me chasing my tail today.

Couple of losing trades for me today.
  • #1,176
  • Oct 4, 2011 3:16am Oct 4, 2011 3:16am
Quoting Musashi
Well the market had me chasing my tail today.

Couple of losing trades for me today.
Gotta be careful of that asian session, especially when it moves around that RN rather than the RN holding it.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,177
  • Oct 4, 2011 5:39am Oct 4, 2011 5:39am
Lets see how this one works out.
Attached Image (click to enlarge)
Click to Enlarge Name: g.png Size: 41 KB
  • #1,178
  • Oct 4, 2011 5:56am Oct 4, 2011 5:56am
Quoting doggybones
Lets see how this one works out.
I took pretty much the same entry doggy, however I put BE in only to be taken out shortly after for the BE level.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,179
  • Oct 4, 2011 6:16am Oct 4, 2011 6:16am
Quoting DarkWolF
I took pretty much the same entry doggy, however I put BE in only to be taken out shortly after for the BE level.
S/O for -12. I took the dog for a walk. By the time I came back the price was in no mans land. Just waited for the stop to hit.
  • #1,180
  • Oct 4, 2011 6:26am Oct 4, 2011 6:26am
Quoting DarkWolF
I took pretty much the same entry doggy, however I put BE in only to be taken out shortly after for the BE level.
hmmm closer look at your image and the price. It was at 1.54000 level that I took it.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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