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Price Action and Trading Discussion

  • #781
  • Jan 30, 2012 3:25am Jan 30, 2012 3:25am
Obviously any sloping lines will be adjusted as price plays out.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #782
  • Jan 30, 2012 3:51am Jan 30, 2012 3:51am
Daily view showing EU at a potential resistance area.
Attached Image (click to enlarge)
Click to Enlarge Name: eu daily 30-01.jpg Size: 185 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #783
  • Jan 30, 2012 4:29am Jan 30, 2012 4:29am
Second position for the day, but closed this one slightly before the lower target area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu3.jpg Size: 93 KB
Click to Enlarge Name: eu4.jpg Size: 87 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #784
  • Jan 30, 2012 4:34am Jan 30, 2012 4:34am
Time for a bit of break now, will come back a bit later to see what has been going on.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #785
  • Jan 30, 2012 6:11am Jan 30, 2012 6:11am
Price still remaining contained below the lows of the 1.31365 area, bit of support evident at the current levels however therefore causing the slight bit of consolodation we are currently seeing.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #786
  • Jan 30, 2012 6:14am Jan 30, 2012 6:14am
Nice trades as usual DW

...when was the last time you actually had a loosing trade ?
  • #787
  • Jan 30, 2012 6:15am Jan 30, 2012 6:15am
Quoting dan89
Nice trades as usual DW

...when was the last time you actually had a loosing trade ?
Had a losing trade on Thursday Dan.

Look at post 770 and 771
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #788
  • Jan 30, 2012 7:00am Jan 30, 2012 7:00am
Short taken from horizontal level.
Attached Image (click to enlarge)
Click to Enlarge Name: eu5.jpg Size: 88 KB
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  • #789
  • Jan 30, 2012 7:13am Jan 30, 2012 7:13am
Quoting DarkWolF
Short taken from horizontal level.
Was hoping for a nice quick move to the TP area on this one as getting kinda tired, just doesnt wanna quite make it there
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #790
  • Jan 30, 2012 7:16am Jan 30, 2012 7:16am
Quoting DarkWolF
Was hoping for a nice quick move to the TP area on this one as getting kinda tired, just doesnt wanna quite make it there
Entered a BE position, as getting quite close to me calling it a day dont wanna give my pips made back
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #791
  • Jan 30, 2012 7:18am Jan 30, 2012 7:18am
BE in
Attached Image (click to enlarge)
Click to Enlarge Name: eu6.jpg Size: 91 KB
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  • #792
  • Jan 30, 2012 7:19am Jan 30, 2012 7:19am
hey darkwolf long time no talk mate - how are you? hows your trading going so far?


hows life?


Buma
Have I got something on my face, SOLDIER?
  • #793
  • Jan 30, 2012 7:20am Jan 30, 2012 7:20am
Actually I am evaluating the automatic pattern recognition tool: PRS pattern recognition scanner Autochartist.

This is a free tool provided by some brokers in their real accounts like ibfx and alpari. The demo has a limited functionnality, but there is a way to unlock the full functionality in the demo account.

So the idea is to scan for opportunities the whole Forex as they come by and give you an alert.

So here I started an evaluation with some setups identified by the scanner.

It is interesting to say that I do not feel bound by the directional indication.
The key is that opportunities are detected as they come. The second important thing after analyzing the statistics that it is worth to play patterns not only in the majors but also at secondary pairs as they have a similar probability.

In fact this is the most extensive analysis on pattern trading for Forex ever made.

On the statistics you can see which time of the day is the most profitable to trade patterns.

I share this here because first I think that this tool is free and has not received the attention that it deserved. Some more links are there.
Attached Image (click to enlarge)
Click to Enlarge Name: audcadkj.gif Size: 180 KB
  • #794
  • Jan 30, 2012 7:20am Jan 30, 2012 7:20am
Quoting bumapatria
hey darkwolf long time no talk mate - how are you? hows your trading going so far?


hows life?


Buma
Hey there Buma,

Ya its all good here mate. All is going well on all fronts.

How about yourself ?
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #795
  • Jan 30, 2012 7:23am Jan 30, 2012 7:23am
Quoting DarkWolF
Short taken from horizontal level.
Target achieved.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 7.jpg Size: 86 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #796
  • Jan 30, 2012 7:24am Jan 30, 2012 7:24am
Quoting DarkWolF
Hey there Buma,

Ya its all good here mate. All is going well on all fronts.

How about yourself ?
good bro - now doing longer term tradin ..

take care - ill check in once in a while!
Have I got something on my face, SOLDIER?
  • #797
  • Jan 30, 2012 7:25am Jan 30, 2012 7:25am
Quoting John Last
Actually I am evaluating the automatic pattern recognition tool: PRS pattern recognition scanner Autochartist.

This is a free tool provided by some brokers in their real accounts like ibfx and alpari. The demo has a limited functionnality, but there is a way to unlock the full functionality in the demo account.

So the idea is to scan for opportunities the whole Forex as they come by and give you an alert.

So here I started an evaluation with some...
Hi John,

Wrong thread for this mate.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #798
  • Jan 30, 2012 7:26am Jan 30, 2012 7:26am
Quoting DarkWolF
Was hoping for a nice quick move to the TP area on this one as getting kinda tired, just doesnt wanna quite make it there
Hi DW,

How do you know this one is getting tired? Thanks.
  • #799
  • Jan 30, 2012 7:26am Jan 30, 2012 7:26am
Quoting bumapatria
good bro - now doing longer term tradin ..

take care - ill check in once in a while!
Good to see.

I keep an eye on daily charts and trade daily set ups myself.

Feel free to post some of your longer term charts.

Good luck with them.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #800
  • Jan 30, 2012 2:08pm Jan 30, 2012 2:08pm
Quoting kokchu
Hi DW,

How do you know this one is getting tired? Thanks.
Hi Kokchu,

I meant that I was getting tired
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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