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Price Action and Trading Discussion

  • #2,161
  • Sep 11, 2012 6:10pm Sep 11, 2012 6:10pm
I completely agree with you. I am greatful for this thread. I thank DW, you, and all who share their knowledge.
  • #2,162
  • Sep 12, 2012 2:07am Sep 12, 2012 2:07am
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  • #2,163
  • Sep 12, 2012 2:44am Sep 12, 2012 2:44am
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I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #2,164
  • Sep 12, 2012 3:41am Sep 12, 2012 3:41am
I have taken this trade for quick profits. at the moment it seems to be moving on my way. profit target is next resistance around 1.26
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  • #2,165
  • Sep 12, 2012 3:49am Sep 12, 2012 3:49am
Quoting onekuelkat
How long have you been doing this DW?
It appears as though you've done this for quite some time. You say a lot of the same things I paid several thousands of dollars to be taught. Right down to planning your trade, and trading your plan. (exellent slogan by the way).

I'm just trying to consistantly put it all together, as you have.

You get my respect.
Hi onekuelkat,

I have been trading about 6ish years now. But trust me when I say when I first started I went on the journey also of looking for what suited me, I tried a lot of different methods and eventually came to the realisation that its the simple things that work the best.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,166
  • Sep 12, 2012 3:54am Sep 12, 2012 3:54am
Thanks for the kind words guys. I am glad that you are finding some of the thread useful.

I look forward to hopefully seeing plenty of charts and analysis.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,167
  • Sep 12, 2012 4:04am Sep 12, 2012 4:04am
Quoting Jorg
I have taken this trade for quick profits. at the moment it seems to be moving on my way. profit target is next resistance around 1.26
Looking good so far Jorg, if that 125.00 level can hold the next RN is a logical target area. Little bit of resistance around that 125.60 ish area.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,168
  • Sep 12, 2012 7:16am Sep 12, 2012 7:16am
It is great to see someone like you DarkWolF still showing others how to be patient and looking for good entry and exit.I learn through Hector ways of trading, i didnt know what happen i was looking for another ways which confused me and turn me to lossing trader. I came across your thread which took me back to best way of trading again thank you so much, it may take me sometime to start posting but am already in this thread.
  • #2,169
  • Edited 8:12am Sep 12, 2012 7:53am | Edited 8:12am
Quoting Tiwa
It is great to see someone like you DarkWolF still showing others how to be patient and looking for good entry and exit.I learn through Hector ways of trading, i didnt know what happen i was looking for another ways which confused me and turn me to lossing trader. I came across your thread which took me back to best way of trading again thank you so much, it may take me sometime to start posting but am already in this thread.
Hi Tiwa,

No problems at all.

Well I hope we can try and clear up some of that confusion for you and I look forward to seeing some of your charts.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,170
  • Sep 12, 2012 10:24am Sep 12, 2012 10:24am
usd/cad Lowest low in one year. Could turn out well. With more oportunities soon.
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  • #2,171
  • Sep 12, 2012 2:52pm Sep 12, 2012 2:52pm
This cadjpy 4h look to be a good set up for tomorrow. make decission on you own.
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good luck.
  • #2,172
  • Edited 3:44pm Sep 12, 2012 3:32pm | Edited 3:44pm
Quoting Tiwa
This cadjpy 4h look to be a good set up for tomorrow. make decission on you own.Attachment good luck.
Hi Tiwa,

Good spot. It certainly has some potential. I had pretty much the same lines drawn on my chart to be keeping an eye on that area. I would be a little cautious though.

Check out the daily chart and let me know what you think.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,173
  • Sep 12, 2012 3:39pm Sep 12, 2012 3:39pm
Quoting onekuelkat
usd/cad Lowest low in one year. Could turn out well. With more oportunities soon.
There is some good resistance areas to keep an eye on how price reacts.
Attached Image (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,174
  • Sep 12, 2012 3:46pm Sep 12, 2012 3:46pm
I would wait for the pattern to be complete or extended 161 or 188 with a candlestick formation then take the true move rather than counter move imo.
Find your Favourite Pattern
  • #2,175
  • Sep 12, 2012 3:46pm Sep 12, 2012 3:46pm
Quoting DarkWolF
Hi Tiwa,

Good spot. It certainly has some potential. I would be a little cautious though.

Check out the daily chart and let me know what you think.
Thanks i see what you mean it will be better for the daily to break wait for pullback either side
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  • #2,176
  • Sep 12, 2012 3:51pm Sep 12, 2012 3:51pm
Quoting Pipanator
I would wait for the pattern to be complete or extended 161 or 188 with a candlestick formation then take the true move rather than counter move imo.
Hi Pipanator,

On what pair are you referring to ?
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,177
  • Sep 12, 2012 3:54pm Sep 12, 2012 3:54pm
Quoting DarkWolF
There is some good resistance areas to keep an eye on how price reacts.

Agreed. I almost moitor closely. Adjusting sl and tp as time goes on. Have positive sl locked in.
  • #2,178
  • Sep 12, 2012 3:56pm Sep 12, 2012 3:56pm
Quoting Tiwa
Thanks i see what you mean it will be better for the daily to break wait for pullback either side Attachment
It is indeed sideways. But that does not mean that the 4 hourly set up will not pan out the way we would like it to as price very well may just move back down to the bottom of the daily range. But it is always good to just check out what is going on with the daily chart also.

Price could very well reach that lower RN area at 79.00 if moving back to the bottom of the range on the 4 hourly.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,179
  • Sep 12, 2012 4:17pm Sep 12, 2012 4:17pm
Quoting DarkWolF
Hi Pipanator,

On what pair are you referring to ?
CADJPY
Find your Favourite Pattern
  • #2,180
  • Sep 12, 2012 10:18pm Sep 12, 2012 10:18pm
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hello.. my personal take on this chart is that it is a bull flag until the 61.8 retracement is broken.
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