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Price Action and Trading Discussion

  • #2,061
  • Sep 2, 2012 12:06pm Sep 2, 2012 12:06pm
Quoting Quezoy
Went for a quick "scalp" from resistance.
3% risk, 20pip SL, closed 4/5 for 42 pip profit.

Weekend can come now.
nice one DW, quezoy and co.
Trading has been good and fun, albeit difficult because of work and career
I am a bit relieved now so I should start posting on this awesome thread soon.
  • #2,062
  • Sep 2, 2012 1:11pm Sep 2, 2012 1:11pm
Yes, you should hang around more.
Thoughts are things
  • #2,063
  • Sep 2, 2012 1:36pm Sep 2, 2012 1:36pm
If you want a mobile, location-independent phone FX alert. That is, you want to you receive a message on your phone when your price reach a predetermined level.

i have a post about it here.
" It may mean something. It may mean nothing at all "
  • #2,064
  • Sep 2, 2012 2:20pm Sep 2, 2012 2:20pm
Very nice skynet, I was searching for an alert option. I'll have a look at it and hope it will work.

Guys, dollar index is at strong support. We may see a strong dollar accroass the board.
Attached Image (click to enlarge)
Click to Enlarge Name: usindex.png Size: 25 KB
Thoughts are things
  • #2,065
  • Sep 2, 2012 8:41pm Sep 2, 2012 8:41pm
hi all

How is everyone doing. Havent posted in a while just checking in how its going with everyone?

Market opened with a big gap today and continues to push downward against all aud pairs!

Have been holding onto eur/aud for 2 wks now and have continued to add multiple lots. Position going well all break-even except one.

+912 pips atm hoping for more
Attached Image (click to enlarge)
Click to Enlarge Name: euraud sept 2.gif Size: 24 KB
  • #2,066
  • Sep 3, 2012 3:54am Sep 3, 2012 3:54am
Quoting Quezoy
Went for a quick "scalp" from resistance.
3% risk, 20pip SL, closed 4/5 for 42 pip profit.

Weekend can come now.
Nice work on that one Quezoy, kicking along nicely for you so far with the remaining part of the trade
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,067
  • Sep 3, 2012 3:56am Sep 3, 2012 3:56am
Quoting dboy365
nice one DW, quezoy and co.
Trading has been good and fun, albeit difficult because of work and career
I am a bit relieved now so I should start posting on this awesome thread soon.
Hi Dboy,

What do you mean relieved ?

Are you able to look at the daily and maybe weekly time frames if you are a bit pushed for time with work ?
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,068
  • Sep 3, 2012 3:57am Sep 3, 2012 3:57am
Quoting Quezoy
Very nice skynet, I was searching for an alert option. I'll have a look at it and hope it will work.

Guys, dollar index is at strong support. We may see a strong dollar accroass the board.
How did the alert go Quezoy did you try it out on your phone ?

I dont look too much at the index but yes indeed you could be right on that one.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,069
  • Sep 3, 2012 3:59am Sep 3, 2012 3:59am
Quoting jibjib210
hi all

How is everyone doing. Havent posted in a while just checking in how its going with everyone?

Market opened with a big gap today and continues to push downward against all aud pairs!

Have been holding onto eur/aud for 2 wks now and have continued to add multiple lots. Position going well all break-even except one.

+912 pips atm hoping for more
Hi jibjib,

All is doing well here, how about yourself ?

Damm nice work with +912 pips, how many of those do you have locked away so far and do you have final profit target or plan to trail them if it keeps heading north ?
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,070
  • Sep 3, 2012 4:22am Sep 3, 2012 4:22am
Quoting DarkWolF
Nice work on that one Quezoy, kicking along nicely for you so far with the remaining part of the trade
Yes, but its a tiny part

Quoting DarkWolF
How did the alert go Quezoy did you try it out on your phone ?
Havent tried it yet. Maybe later in the day. I'll report.
Thoughts are things
  • #2,071
  • Sep 3, 2012 4:31am Sep 3, 2012 4:31am
Quoting Quezoy
Yes, but its a tiny part


Havent tried it yet. Maybe later in the day. I'll report.
Might only be a tiny part but its still some profits banked.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,072
  • Sep 3, 2012 4:59am Sep 3, 2012 4:59am
Quoting DarkWolF
And I am currently short on AUDJPY daily, if price pushes slightly lower I will be getting my BE in to make it a risk free position.
I was going to enter BE when price hit the level you see the red trailing stop, but decided to go for a trail instead and lock in some pips.

The 80.00 area over time has proven to be a significant support/resistance area, if you look back on the chart on the daily you will clearly see what I am talking about. With the most recent support areas being at this level also I decided to simply lock in some profits instead of just a BE and protect the trade against the possiblility that this acts as the bottom of a potential range forming and moving back up to the recent highs.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Daily 03-09 1st trail.jpg Size: 109 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,073
  • Sep 3, 2012 8:27am Sep 3, 2012 8:27am
Quoting DarkWolF
Hi jibjib,

All is doing well here, how about yourself ?

Damm nice work with +912 pips, how many of those do you have locked away so far and do you have final profit target or plan to trail them if it keeps heading north ?
So far so good summer is coming to an end which means first year of university and a whole new experience.

Ive learned tons about forex over these past couple months of summer and have finally managed to double my initial account balance.

Dont consider myself to know the game of forex just yet as consistency in the long run always prevails .

As for the trade goes i have tweaked my strategy after reading reminesence of a stock operator and look towards riding the trend from top to bottom.

The eur/aud trade all positions are covered except the 1 above support. Sl for all are at 1.2180. I plan to keep adding and trail all of my positons. I believe i got lucky in this case as there was not any major retraces so adding positions and risk management was very easy. 1.25 is major support and will look to place all my SL below the fib 50 line around 1.23 .
  • #2,074
  • Sep 3, 2012 8:39am Sep 3, 2012 8:39am
Quoting jibjib210
So far so good summer is coming to an end which means first year of university and a whole new experience.

Ive learned tons about forex over these past couple months of summer and have finally managed to double my initial account balance.

Dont consider myself to know the game of forex just yet as consistency in the long run always prevails .

As for the trade goes i have tweaked my strategy after reading reminesence of a stock operator and look towards riding the trend from top to bottom.

The eur/aud trade all positions are covered...
Our spring is just starting and our winter is coming to an end which I am most definately looking forward to.

First year of uni hey... well that should be an experience for you, I hope it goes well.

Doubling of your account balance is a great achievement, well done jib that is fantastic

Yes consistencey is very important in my books.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,075
  • Sep 3, 2012 8:41am Sep 3, 2012 8:41am
Quoting Skynet
If you want a mobile, location-independent phone FX alert. That is, you want to you receive a message on your phone when your price reach a predetermined level.

i have a post about it here.
Hi Skynet,

I just checked out that post and had a quick flick through that thread.

So the alert to your phone is email based rather than sms based I am assuming ?

It seems as a few of the traders there trade using the Hector method applying his template to their charts.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,076
  • Sep 4, 2012 8:32am Sep 4, 2012 8:32am
Quoting DarkWolF
I was going to enter BE when price hit the level you see the red trailing stop, but decided to go for a trail instead and lock in some pips.

The 80.00 area over time has proven to be a significant support/resistance area, if you look back on the chart on the daily you will clearly see what I am talking about. With the most recent support areas being at this level also I decided to simply lock in some profits instead of just a BE and protect the trade against the possiblility that this acts as the bottom of a potential range forming and moving...
Trailing stop was hit and banked the pips.

I was expecting this to take place today as it was a rather tight trail to have in place.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY 04-09 trail hit.jpg Size: 80 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,077
  • Sep 4, 2012 8:55am Sep 4, 2012 8:55am
Quoting DarkWolF
Trailing stop was hit and banked the pips.

I was expecting this to take place today as it was a rather tight trail to have in place.
I'd be taking profit at 0.80, I prefer to TP and reenter on pullback if price moves on.
Just cant stand to give back much of my profit.
Thoughts are things
  • #2,078
  • Sep 4, 2012 8:58am Sep 4, 2012 8:58am
A/U I've entered today, at the pullback towards S-turning-R. Will close partialy at the recent lows for 50-ish profit.

U/C is a bit risky, but the pair is at a significant low and recent PA suggests the end of the downtrend.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au.png Size: 32 KB
Click to Enlarge Name: uc.png Size: 30 KB
Thoughts are things
  • #2,079
  • Sep 4, 2012 9:16am Sep 4, 2012 9:16am
Quoting Quezoy
A/U I've entered today, at the pullback towards S-turning-R. Will close partialy at the recent lows for 50-ish profit.
Closed 3/5 for +47, SL moved down.
Thoughts are things
  • #2,080
  • Sep 4, 2012 9:16am Sep 4, 2012 9:16am
Quoting Quezoy
I'd be taking profit at 0.80, I prefer to TP and reenter on pullback if price moves on.
Just cant stand to give back much of my profit.
Yes indeed it can be frustrating but its part of trading, especially when you are attempting to trail a position, it is inevitable that you will give some pips back.

Making another run towards the 80.00 level now, lets see if it can break it.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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