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Price Action and Trading Discussion

  • #681
  • Jan 6, 2012 5:02am Jan 6, 2012 5:02am
Quoting DarkWolF
Didnt take this one as I am done trading for the day, but again, the horizontal area holding nicely from the top of the range.
Obvious target would have been here and easily achieved.
Attached Image (click to enlarge)
Click to Enlarge Name: 4.jpg Size: 140 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #682
  • Jan 9, 2012 5:15am Jan 9, 2012 5:15am
Short taken on AUD 5 min chart, was originally going to target the RN area but this trade was just taking too long so took the position off at the lows.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au1.jpg Size: 75 KB
Click to Enlarge Name: au2.jpg Size: 77 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #683
  • Jan 9, 2012 5:20am Jan 9, 2012 5:20am
Couple of EU shorts taken on 5 min charts also tonight. First one was taken off locking in some pips as this was my first trade for the night.

Second one currently has a BE in and I am going to let it ride and see how it goes.
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 74 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #684
  • Jan 9, 2012 5:25am Jan 9, 2012 5:25am
Just need these lows and the RN area to hold as resistance, is looking likely that my BE will be taken out.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #685
  • Jan 9, 2012 5:31am Jan 9, 2012 5:31am
Quoting DarkWolF
Just need these lows and the RN area to hold as resistance, is looking likely that my BE will be taken out.
BE hit.

I dont often try to hold onto positions. There was some pips given back.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #686
  • Jan 9, 2012 5:32am Jan 9, 2012 5:32am
Quoting DarkWolF
Couple of EU shorts taken on 5 min charts also tonight. First one was taken off locking in some pips as this was my first trade for the night.

Second one currently has a BE in and I am going to let it ride and see how it goes.
nice trade DW....see that price action so often,could you possibly explain what is happening?
  • #687
  • Jan 9, 2012 5:34am Jan 9, 2012 5:34am
Quoting FOURX
nice trade DW....see that price action so often,could you possibly explain what is happening?
Sure no probs, ill try give some explanations with the trades as I take them.

This gonna be frustratiing if price just overshoots that RN area to take out that BE and then continue on its merry way

But oh well that is trading.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #688
  • Jan 9, 2012 5:36am Jan 9, 2012 5:36am
Quoting DarkWolF
Sure no probs, ill try give some explanations with the trades as I take them.

This gonna be frustratiing if price just overshoots that RN area to take out that BE and then continue on its merry way

But oh well that is trading.
  • #689
  • Jan 10, 2012 6:27pm Jan 10, 2012 6:27pm
AUD entry short @ 1.02825
Attached Image (click to enlarge)
Click to Enlarge Name: au1.jpg Size: 81 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #690
  • Jan 10, 2012 6:38pm Jan 10, 2012 6:38pm
have you a tp on this trade?
Quoting DarkWolF
AUD entry short @ 1.02825
  • #691
  • Jan 10, 2012 6:39pm Jan 10, 2012 6:39pm
Quoting stevebalmmer
have you a tp on this trade?
Hi steve

Yes at the lows marked as target area on the image
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #692
  • Jan 10, 2012 7:05pm Jan 10, 2012 7:05pm
EU short 5 min chart, closed it out a couple of pips before my original target area but still all good.

Now just gotta get that AUD to push down slightly lower.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 90 KB
Click to Enlarge Name: eu2.jpg Size: 82 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #693
  • Jan 10, 2012 7:14pm Jan 10, 2012 7:14pm
Closed out the AUD position for a small profit not quite at the target area. I need to take off to do a few things so figured just get out and will be back a little later.
Attached Image (click to enlarge)
Click to Enlarge Name: au2.jpg Size: 78 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #694
  • Jan 11, 2012 3:55am Jan 11, 2012 3:55am
hello actioners...i think this is a good example
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 87 KB
  • #695
  • Jan 11, 2012 4:15am Jan 11, 2012 4:15am
Quoting fantom
hello actioners...i think this is a good example
Hi Fantom,

Indeed it is, nice work there

I have been out most of tonight and only just got home to take a look at the charts, a nice big drop by the looks.

Now to see if it can continue on its merry way for you.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #696
  • Jan 11, 2012 8:46am Jan 11, 2012 8:46am
Just want to compliment you DW on your trading style. You seem to be a very profitable trader.
I have question with regards your style though. I know how to identify the supp/demand zones but i am having trouble with my entries. How do you differentiate between the supp/dem zones?

At the minute I am constantly getting in at these areas but too early and get stopped out with my small SL that i set. Do you wait to see the 5min price action??

I can identify all the candle patterns. Or is it just a case of experience of how the price is acting at these areas??
  • #697
  • Jan 12, 2012 12:26am Jan 12, 2012 12:26am
Quoting Rsherl01
Just want to compliment you DW on your trading style. You seem to be a very profitable trader.
I have question with regards your style though. I know how to identify the supp/demand zones but i am having trouble with my entries. How do you differentiate between the supp/dem zones?

At the minute I am constantly getting in at these areas but too early and get stopped out with my small SL that i set. Do you wait to see the 5min price action??

I can identify all the candle patterns. Or is it just a case of experience of how the price is acting...
Hi Rsherl,

Yes I will always wait for the candle to close before deciding what to do. I dont really talk supply and demand more so horizontal support and resistance. Many will argue otherwise but in my opinion it is essentially the same thing.

Candle patterns, candles themselves and simply how price reacts at certain levels in the market is what I tend to look for.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #698
  • Jan 12, 2012 12:27am Jan 12, 2012 12:27am
Hi guys,

Here are the levels that I will be keeping an eye on today for EU and AU.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 5 min.jpg Size: 76 KB
Click to Enlarge Name: au 5 min.jpg Size: 78 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #699
  • Jan 12, 2012 1:34am Jan 12, 2012 1:34am
Took this one short on EU and got stopped out.

I moved my original target area to the next lot of lows and as you can see this did not go well for me.

Original target area would have been spot on.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 76 KB
Click to Enlarge Name: eu2.jpg Size: 88 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #700
  • Jan 12, 2012 2:13am Jan 12, 2012 2:13am
Quoting DarkWolF
Took this one short on EU and got stopped out.

I moved my original target area to the next lot of lows and as you can see this did not go well for me.

Original target area would have been spot on.
Hey Dark,

clean charts, nice. Ever considered to switch from short to long (and vice versa) at your stop price?
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