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Forex Day Trading

  • #1,261
  • Oct 11, 2011 12:05am Oct 11, 2011 12:05am
Hi guys,

Well there has been some pretty clear ranges during the asian session, lets see what London is going to bring us
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,262
  • Oct 11, 2011 4:45am Oct 11, 2011 4:45am
Quoting DarkWolF
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....
Hi DW, Thank you very much for taking the time to write this detailed reply. This has really helped me. I need to start looking at the higher timeframes (e.g. daily) to see if we are at some sort of key level. Sometimes i just get 'stuck' to one timeframe and miss the bigger picture. Appreciate the help DW

Cheers
Dan
  • #1,263
  • Oct 11, 2011 5:29am Oct 11, 2011 5:29am
Quoting dan89
Hi DW, Thank you very much for taking the time to write this detailed reply. This has really helped me. I need to start looking at the higher timeframes (e.g. daily) to see if we are at some sort of key level. Sometimes i just get 'stuck' to one timeframe and miss the bigger picture. Appreciate the help DW

Cheers
Dan
Hi Dan,

No probs, glad to help.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,264
  • Oct 11, 2011 6:52am Oct 11, 2011 6:52am
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.
Congrats man. Life will change for sure
  • #1,265
  • Oct 11, 2011 3:35pm Oct 11, 2011 3:35pm
Quoting doggybones
Congrats man. Life will change for sure
Thanks doggy
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,266
  • Oct 11, 2011 4:30pm Oct 11, 2011 4:30pm
We just landed a few big projects at work so I have not really had a chance to post. I have rarely been looking at the charts. I will start posting once i get back to it. Good luck guys and happy pipping.
  • #1,267
  • Oct 11, 2011 4:50pm Oct 11, 2011 4:50pm
Hi guys. Just entered a nz/$ short. Chart shows why.Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: bnm.gif Size: 19 KB
FF journal: Peaks and Troffs
  • #1,268
  • Oct 11, 2011 4:54pm Oct 11, 2011 4:54pm
also a/$ short.
Attached Image (click to enlarge)
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FF journal: Peaks and Troffs
  • #1,269
  • Oct 11, 2011 10:21pm Oct 11, 2011 10:21pm
Quoting bogus
Hi guys. Just entered a nz/$ short. Chart shows why.Cheers.
Hi bogus,

Both of those trades easily made it to the next RN areas before pulling back, good spots. Question will be is this the start of the down move again, I guess we are about to find out.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,270
  • Oct 11, 2011 10:26pm Oct 11, 2011 10:26pm
Quoting doggybones
We just landed a few big projects at work so I have not really had a chance to post. I have rarely been looking at the charts. I will start posting once i get back to it. Good luck guys and happy pipping.
Hi guys,

No probs doggy.

I will be away until next Tuesday so wont be many posts from me until then.

After that I go back to work and will be a good chance my focus will then switch a bit more to the daily and 4 hourly time frame charts due to not being at the charts as much. I am looking to reduce to a bit of my screen time so wanting to make the longer term charts more of my primary focus so you will probably see more of those posts from me. Will still keep an eye on the 5 min charts now and then to see whats going on. Potentially hourly also.

I still have not had a single response from Forex Factory as to why they moved my thread after I have tried to contact them on 3 different occassions

Have a good weekend guys.

Cheers.

DW
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,271
  • Oct 11, 2011 11:40pm Oct 11, 2011 11:40pm
Hi DW, I got stopped out at BE on both those trades even though they went a fair way. I'm starting to go with the higher timeframes too. The were early entries to a 4 hr reversal that didn't work out. No harm, no foul, and I stuck to my plan, so all good.
FF journal: Peaks and Troffs
  • #1,272
  • Oct 12, 2011 12:56am Oct 12, 2011 12:56am
Quoting bogus
Hi DW, I got stopped out at BE on both those trades even though they went a fair way. I'm starting to go with the higher timeframes too. The were early entries to a 4 hr reversal that didn't work out. No harm, no foul, and I stuck to my plan, so all good.
Yep a BE trade if you stuck to your plan is still a good trade in my books
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,273
  • Oct 12, 2011 1:30am Oct 12, 2011 1:30am
Morning All

Currently looking for some kind of pullback to enter long on EU . Price has broken that key level 1.3690

Dan
  • #1,274
  • Oct 17, 2011 3:45am Oct 17, 2011 3:45am
Hi guys,

Back on the charts now after 5 days away while being on a short trip.

Hows the pips been going for you guys all good I hope ?
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,275
  • Oct 17, 2011 9:13am Oct 17, 2011 9:13am
Hey DW, Just trading here and there right now. I am looking more at the 30 mins chart right now so working on some stuff there. Especially the stops and limits. I will start posting as soon as I get some time here.
  • #1,276
  • Oct 18, 2011 1:11am Oct 18, 2011 1:11am
Quoting doggybones
Hey DW, Just trading here and there right now. I am looking more at the 30 mins chart right now so working on some stuff there. Especially the stops and limits. I will start posting as soon as I get some time here.
Hi Doggy,

No probs.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,277
  • Oct 18, 2011 2:08am Oct 18, 2011 2:08am
Short CADJPY @ 74.893 on daily chart.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,278
  • Oct 18, 2011 2:19am Oct 18, 2011 2:19am
AUDUSD daily seems to have bounced nicely away from the trend line, confluence also with the previous support / resistance area.

I was thinking of taking this one but opted for the CADJPY trade instead.
Attached Image (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,279
  • Oct 18, 2011 4:06am Oct 18, 2011 4:06am
Hi everyone,

I have been away and too busy to trade small TFs. I though, I'd try out my luck in the beginning of the week. Yesterday I could not find any opportunity in the EU, and today, I got stopped out twice in short trades. I admit that first one was too aggressive. And I won nicely once also

Looking at this thread again, I am wondering if you guys are finding the same difficulties or just not posting.

Wish you all good trading.

ipnee
Attached Image (click to enlarge)
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  • #1,280
  • Edited 4:59am Oct 18, 2011 4:47am | Edited 4:59am
Quoting ipnee
Hi everyone,

I have been away and too busy to trade small TFs. I though, I'd try out my luck in the beginning of the week. Yesterday I could not find any opportunity in the EU, and today, I got stopped out twice in short trades. I admit that first one was too aggressive. And I won nicely once also

Looking at this thread again, I am wondering if you guys are finding the same difficulties or just not posting.

Wish you all good trading.

ipnee
Hi ipnee,

I have been away for a the latter half of last week so havent had much of a chance to trade much. I am back at work this week so depending on any committments that I may have after work that will restrict my time I may not get as much time on the 5 min charts (plus also looking to lessen my screen time a bit)

I will be keeping much better track of the daily charts now for opportunites and as posted earlier am currently short on the CADJPY daily.

I did however just take this entry on the EU 5 min chart (where possible I will monitor them) BE is already in.
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 86 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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