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Forex Day Trading

  • #1,241
  • Oct 7, 2011 10:04am Oct 7, 2011 10:04am
Quoting DarkWolF
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.
That was my thinking. This is still work so i thought why keep on working when i have a week off from my job.
  • #1,242
  • Oct 7, 2011 10:06am Oct 7, 2011 10:06am
Quoting DarkWolF
Trading short into some highs though probably wasnt the best thing to do
Slowly pulling down though with US equities dropping.
  • #1,243
  • Oct 7, 2011 10:06am Oct 7, 2011 10:06am
Quoting DarkWolF
Trading short into some highs though probably wasnt the best thing to do
Got the BE in
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,244
  • Oct 7, 2011 10:07am Oct 7, 2011 10:07am
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.
WOW

i have a pretty good protiable week... maybe lucky
aud-usd +288 p
usd-cad +240 p
usd-sgd +100 p
as posted in my thread




Quoting DarkWolF
EU stalled at the daily trend line and a resistance area.

Another one of those areas where the bulls meet the bears
Quoting DarkWolF
Took a short EU @ 1.34955 see how it goes probably a bit risky.
if the US session buys the +ve news on NFP then u will make a good profit...

imho

cheers
  • #1,245
  • Oct 7, 2011 10:07am Oct 7, 2011 10:07am
I am calling it a week DW. Have a great weekend
  • #1,246
  • Oct 7, 2011 10:09am Oct 7, 2011 10:09am
Quoting DarkWolF
Took a short EU @ 1.34955 see how it goes probably a bit risky.
Took it off for +10 pips with those highs looking like providing some support.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 70 KB
Click to Enlarge Name: 3.jpg Size: 68 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,247
  • Oct 7, 2011 10:10am Oct 7, 2011 10:10am
Quoting tradpat
WOW

i have a pretty good protiable week... maybe lucky
aud-usd +288 p
usd-cad +240 p
usd-sgd +100 p
as posted in my thread








cheers
Nice work with those pips tradpat.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,248
  • Oct 7, 2011 10:12am Oct 7, 2011 10:12am
Quoting doggybones
I am calling it a week DW. Have a great weekend
Thanks doggy you to mate.

Im done also gotta be up in 5 hours and get ready to go looking at some wedding things with my g/f I prob should be asleep already.

Have a good weekend.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,249
  • Oct 7, 2011 10:29am Oct 7, 2011 10:29am
Quoting DarkWolF
Thanks doggy you to mate.

Im done also gotta be up in 5 hours and get ready to go looking at some wedding things with my g/f I prob should be asleep already.

Have a good weekend.

Cheers.
"wedding" congrat
  • #1,250
  • Oct 7, 2011 10:35am Oct 7, 2011 10:35am
Quoting tradpat
"wedding" congrat
Thanks tradpat,

Not until next March still some planning to do between now and then

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,251
  • Oct 7, 2011 11:42am Oct 7, 2011 11:42am
Quoting DarkWolF
Took it off for +10 pips with those highs looking like providing some support.
Hi DW, Im confused as to some of you latest trades including this one. On that 5min EU trade, what was your reason for taking a short ?

To me it looks like price had broken upwards out of the earlier london range, then spiked above the 1.3500RN level came back down and formed a higher low at 1.3450 RN (first arrow) . Price went up broke and closed above 1.3500 level came back for a retest and formed 2 pinbars (second arrow) just below the RN. Would'nt this be an indication for a long entry or am i missing somthing ? With that being said, taking a long entry would of failed badly and price droped a lot. Any advice ?

Attached Image (click to enlarge)
Click to Enlarge Name: 07-10-2011 17-39-34.jpg Size: 193 KB


Cheers
Dan
  • #1,252
  • Oct 8, 2011 2:12am Oct 8, 2011 2:12am
Quoting dan89
Hi DW, Im confused as to some of you latest trades including this one. On that 5min EU trade, what was your reason for taking a short ?

To me it looks like price had broken upwards out of the earlier london range, then spiked above the 1.3500RN level came back down and formed a higher low at 1.3450 RN (first arrow) . Price went up broke and closed above 1.3500 level came back for a retest and formed 2 pinbars (second arrow) just below the RN. Would'nt this be an indication for a long entry or am i missing somthing ? With that being said, taking...
Hi Dan,

This was my thought process at the time let me know if it makes sense to you.

There was a resistance area evident on the daily chart (I posted an image of this in post #1235 and attached the image again here) of which I was expecting the move to stall at as it hit it twice and stalled as seen by the rejection area twice on the 5 min chart.

Ater I took the trade I realised that it probably wasnt such a good idea with not much room for price to move before hitting a support area, but I let it run for a bit to see how it would go.

The better entry could have been below the previous formed PB. It was a little aggressive for an entry for me but I took it anyways, Im thinking late Friday night, quite tired probably wasnt really "looking" at the chart as I should have been and tried to squeeze out a trade.

Although this time of the day on a Friday especially after the NFP I was expecting to see the market just fall into a range or congested area for the rest of the session.

I wasnt overly comfortable with the trade as it stalled right on that little boxed support area so I jumped out for +10 pips.

I had the stop pretty tight and if I hadnt of takent it off where I did it would most certainly have been a loss trade so I count myself lucky with that one.

So essentially my 2 defining decisions to take a shot at a short were the Daily resistance area and me expecting to see the market range for the rest of the session.

Hope this clears this one up a little bit for you.

Cheers.
Attached Image(s) (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,253
  • Oct 8, 2011 2:16am Oct 8, 2011 2:16am
Oh and guys I have no idea why Forex Factory decided to move my thread to the Trading Journals section as this was not my intention at all for this thread for it to be a "journal" and they moved it without any notice to me at all.

If I wanted to make a "trading journal" I would have started it under that section and designed it to be that way with a total different view on the content of the discussion.

This thread is for "general discussion" which is why I put it in the Trading Disucussion area.

There is plenty of other threads in the Trading Discussion area that have similar content to my thread yet for some reason Forex Factory have decided to move mine.

I have sent a contact request to ask for them to move it back.

Cheers.

DW.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,254
  • Oct 9, 2011 6:54pm Oct 9, 2011 6:54pm
Well bank holidays all round today, might make it a bit quiet across a few of the pairs.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,255
  • Oct 10, 2011 12:02am Oct 10, 2011 12:02am
Quoting DarkWolF
Well bank holidays all round today, might make it a bit quiet across a few of the pairs.
I guess that assumption was wrong
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,256
  • Oct 10, 2011 12:16am Oct 10, 2011 12:16am
hey im new in this thread! i read a little about your trading style and its almost the same as mine so i will keep and eye on it!
  • #1,257
  • Oct 10, 2011 12:43am Oct 10, 2011 12:43am
Quoting gino32
hey im new in this thread! i read a little about your trading style and its almost the same as mine so i will keep and eye on it!
Hi Gino,

No problems.

Feel free to join the join the disucussions and post some charts.

Cheers.

DW.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,258
  • Oct 10, 2011 1:04am Oct 10, 2011 1:04am
Moved to Trading Journals... what's the difference between Trading Journals and Trading Discussion... Strange to say the least...
  • #1,259
  • Oct 10, 2011 1:39am Oct 10, 2011 1:39am
Quoting Musashi
Moved to Trading Journals... what's the difference between Trading Journals and Trading Discussion... Strange to say the least...
Agreed Musashi, especially when there are plenty of other threads with similar content to this one in "Trading Discussion" yet Forex Factory moves this one with no notice of doing so.......

2 days later still no response from FF as to why etc after I attempted to contatct them.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,260
  • Oct 10, 2011 3:00am Oct 10, 2011 3:00am
Took this one short GBPAUD on the hourly chart. Closed it about 10 pips short of my TP line but as im typing this it has hit that line.

+41 pips.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPAUD TP.jpg Size: 94 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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