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Forex Day Trading

  • #1,221
  • Oct 6, 2011 3:34am Oct 6, 2011 3:34am
Quoting DarkWolF
AUDCAD 4 hourly not looking too good at the moment. Currently -28 pips
Stopped on this one -47 pips.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,222
  • Oct 6, 2011 5:18am Oct 6, 2011 5:18am
Nice trades this morning DW I see you are trading 5min GU now aswell.

Ive stoped trading for a bit because i simply cant wake up in time for the London session ... and i live in London. Been waking up at 11 - 12.

Dan
  • #1,223
  • Oct 6, 2011 5:20am Oct 6, 2011 5:20am
Quoting DarkWolF
Long on GU from RN area, raised stop but that was soon hit. +22 pips
Seems like a counter trend trade ? From your charts you usually trade with the trend. what made you take this one instead of waiting for it to break below the round number ?
  • #1,224
  • Oct 6, 2011 6:10am Oct 6, 2011 6:10am
Quoting dan89
Seems like a counter trend trade ? From your charts you usually trade with the trend. what made you take this one instead of waiting for it to break below the round number ?
Ya it was a little bit. At times I will try some counters but not too often. I was looking at the move up then down to the highs and was originally going to target the RN area back up but I put a BE in as had to go do a few things and got a bit lucky with the resulting move up.

Hard down on the news though the trail was taken out just before that for +32. Was hoping the news was going to have the opposite effect and go in long while I was still holding which would have been nice.

Ya I have been looking at at GU, AU and EJ for some time now but dont really trade them on the short term but have been watching them to see how they go.

Guess that is why you need to stay away from pairs when their bank rates are due out.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,225
  • Oct 6, 2011 6:11am Oct 6, 2011 6:11am
Quoting DarkWolF
Got a little lucky with this move I think. Moved stop up to lock in +32 pips
Had trail in while I was off watching some tele. Out on the trail after price reversed back down before that large move on news.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,226
  • Oct 6, 2011 6:54am Oct 6, 2011 6:54am
Few news releases out today, another lot in half hour ish, dont think any trading is going to happen until they are all done and dusted.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,227
  • Oct 6, 2011 10:08am Oct 6, 2011 10:08am
Quoting dan89

Ive stoped trading for a bit because i simply cant wake up in time for the London session ... and i live in London. Been waking up at 11 - 12.

Dan
Hi Dan

Maybe have a look at some of the longer time frame charts. Daily and 4 hourly ?
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,228
  • Oct 6, 2011 10:16am Oct 6, 2011 10:16am
Took this trade.
Attached Image (click to enlarge)
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  • #1,229
  • Oct 6, 2011 10:23am Oct 6, 2011 10:23am
Quoting doggybones
Took this trade.
Closed it for 27 pips at the top.
  • #1,230
  • Oct 6, 2011 10:47am Oct 6, 2011 10:47am
Took this short on GU. I have a bigger stop and limit on this one. I will adjust it accordingly though.
Attached Image (click to enlarge)
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  • #1,231
  • Oct 6, 2011 12:17pm Oct 6, 2011 12:17pm
Quoting DarkWolF
Hi Dan

Maybe have a look at some of the longer time frame charts. Daily and 4 hourly ?
Yeah i've been looking at the longer time frames the last week but nothing much to trade + i only look at a few pairs.

Its just that my sleeping pattern is way off at the moment. ive been sleeping at around 4am .. cant seem to get to sleep any earlier then that. When i get back into my regular routine then ill start trading properly.

Dan
  • #1,232
  • Oct 6, 2011 5:34pm Oct 6, 2011 5:34pm
Quoting doggybones
Took this trade.
Nice one doggy.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,233
  • Oct 6, 2011 11:13pm Oct 6, 2011 11:13pm
Hi guys,

More than likely will not see much trading from myself today with this being NFP day.

But as always will keep an eye out for anything if im around.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,234
  • Oct 7, 2011 7:44am Oct 7, 2011 7:44am
Well that is a nice sharp move from the good old NFP.

I had a 4 hourly trade open on USDCAD that went down nicely on the release. I closed it out about 20 pips short of my TP target just in case of the sharp move back up again that is common with NFP.

+74 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad 4hr.jpg Size: 106 KB
Click to Enlarge Name: usdcad 4hr tp.jpg Size: 96 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,235
  • Oct 7, 2011 9:14am Oct 7, 2011 9:14am
EU stalled at the daily trend line and a resistance area.

Another one of those areas where the bulls meet the bears
Attached Image (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,236
  • Oct 7, 2011 9:54am Oct 7, 2011 9:54am
Took a short EU @ 1.34955 see how it goes probably a bit risky.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,237
  • Oct 7, 2011 9:58am Oct 7, 2011 9:58am
Quoting DarkWolF
Well that is a nice sharp move from the good old NFP.

I had a 4 hourly trade open on USDCAD that went down nicely on the release. I closed it out about 20 pips short of my TP target just in case of the sharp move back up again that is common with NFP.

+74 pips.
Nice trade DW. I just havent had that much time this week. But I did get a lot of other things done.
  • #1,238
  • Oct 7, 2011 9:59am Oct 7, 2011 9:59am
Quoting doggybones
Took this short on GU. I have a bigger stop and limit on this one. I will adjust it accordingly though.
This one I had put my stops and limits on yesterday and had to get some errands done. Came back home for -30.
  • #1,239
  • Oct 7, 2011 10:02am Oct 7, 2011 10:02am
Quoting doggybones
Nice trade DW. I just havent had that much time this week. But I did get a lot of other things done.
Hi doggy. Thanks.

It does not matter as when your busy off doing other things the market will always be waiting for you when you get back

Plus its always good to get the things done that need to be done sometimes trading can distract you from that

This short on EU not looking promising so far its just sitting there.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,240
  • Oct 7, 2011 10:04am Oct 7, 2011 10:04am
Quoting DarkWolF

This short on EU not looking promising so far its just sitting there.
Trading short into some highs though probably wasnt the best thing to do
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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