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Price Action and Trading Discussion

  • #3,221
  • Apr 2, 2013 4:11am Apr 2, 2013 4:11am
Quoting Tiwa
That is very nice it was on my watch list but i decided not to take it waiting for some other set up good work
I was tossing up between NZDUSD and AUDUSD, but NZDUSD had the extra weight of the RN area so opted for that and it turned out ok
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,222
  • Apr 2, 2013 4:35am Apr 2, 2013 4:35am
Hi DW,

opened up a new demo account with 1000 and linked it to explorer here at FF. All these trades I take with my live account but I don't want to publish that so I hope this will act as a mirror.

As you can see, not a great mornings work EURUSD had me going in circles, missed the Cad short but tried for a bounce on an hourly level and got wrist slapped again.

Attached Image (click to enlarge)
Click to Enlarge Name: EU 5M 02042013.jpg Size: 92 KB


Attached Image (click to enlarge)
Click to Enlarge Name: UC 02042013.jpg Size: 83 KB


You took some nice trades there.
  • #3,223
  • Apr 2, 2013 5:20am Apr 2, 2013 5:20am
Quoting FX Alex
Hi DW, opened up a new demo account with 1000 and linked it to explorer here at FF. All these trades I take with my live account but I don't want to publish that so I hope this will act as a mirror. As you can see, not a great mornings work EURUSD had me going in circles, missed the Cad short but tried for a bounce on an hourly level and got wrist slapped again. {image} {image} You took some nice trades there.
Hi Alex,

Yes unfortunately you will get those times when a few losses will take place, as frustrating as they can be as long as your sticking to your plan its all good.

Well I will be interested to follow your progress on your explorer.

If your not already doing it have you tried using a trade copier linked from your demo account to your live account ?

These can work quite will enabling you to trade from the one platform and have trades open and close simultaneously on other platforms that the copier is linked to. Certainly saves trying to flick between different screens and platforms managing different accounts.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,224
  • Apr 2, 2013 5:50am Apr 2, 2013 5:50am
Quoting DarkWolF
Hi Alex, Yes unfortunately you will get those times when a few losses will take place, as frustrating as they can be as long as your sticking to your plan its all good. Well I will be interested to follow your progress on your explorer. If your not already doing it have you tried using a trade copier linked from your demo account to your live account ? These can work quite will enabling you to trade from the one platform and have trades open and close simultaneously on other platforms that the copier is linked to. Certainly saves trying to flick...
Thanks I didn't know that, will it work between different types of platforms, MT4, Marketscope (FXCM), cTrader (FXpro) etc?
  • #3,225
  • Apr 2, 2013 6:00am Apr 2, 2013 6:00am
Quoting FX Alex
Thanks I didn't know that, will it work between different types of platforms, MT4, Marketscope (FXCM), cTrader (FXpro) etc?
No probs.

Sure will. All you should need to do is set up the sending platform regardless of the broker, usually set up as an expert advisor. So this could be your demo account. Platforms need to be all MT4 though.

You then set up the receiving platform with the correct settings regardless of the broker, this could be your live account.

Once they are all set up correctly etc, any trade that you take with your sending account should automatically appear on your recieving account. You can also have multiple recieving accounts set the same channel on the expert advisor enabling you to take just the one trade on a single account but have that trade copied on multiple other accounts.

It can be very handy when set up and used correctly, enabling you to trade from a demo platform and have trades copied over to live accounts, or simply to copy between multiple live accounts and only trade from one of them. Each recieving platform can have its own position sizing setting etc to assist with the correct risk management per account size which is also quite handy.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,226
  • Apr 2, 2013 6:48am Apr 2, 2013 6:48am
Quoting DarkWolF
Platforms need to be all MT4 though.
Ah right that's what I was asking, you need an EA between MT4 accounts, one demo one live. My live account platform isn't compatable.

Anyway I got slaughtered today, -3.7%, not a winner in site. Time to stop before I make it any worse.
  • #3,227
  • Apr 2, 2013 8:17am Apr 2, 2013 8:17am
Results of trading on
2013.03.29 16:49
buy0.10nzdusd
started point: 0.83735
Stop loss: 0.83529
Take profit: 0.83990
closed at: 2013.04.01 17:22
closed point: 0.83612
Results:-12.30
  • #3,228
  • Apr 2, 2013 9:12am Apr 2, 2013 9:12am
Results of trading on
2013.03.29 16:37
sell0.10audusd
started point: 1.04136
Stop loss: 1.04214
Take profit: 1.04041
closed at: 2013.03.29 22:42
closed point: 1.04214
Results:-7.80
  • #3,229
  • Apr 2, 2013 9:44am Apr 2, 2013 9:44am
Attached Image (click to enlarge)
Click to Enlarge Name: EC 02042013.jpg Size: 110 KB
  • #3,230
  • Apr 4, 2013 5:03am Apr 4, 2013 5:03am
EURCAD Hourly:

Hi guys,

I took this one yesterday during the London session and price hit my target area, I was waiting for price to move slightly furthr down which it did and I got distracted by something else turned back and it spiked away from the spot where I was going to pull the trigger to close.

A little unfortunate but it happens. Resulted in a losing position for me on this one as I didnt put a BE in either.

Didnt get back to posting images last night so here they are today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCAD Hourly 03-04.jpg Size: 152 KB
Click to Enlarge Name: EURCAD Hourly stopped 03-04.jpg Size: 185 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,231
  • Apr 4, 2013 5:05am Apr 4, 2013 5:05am
GBPCHF Hourly:

This one was also taken during yesterdays London session. Closed out the profit a little before the target line and banked the pips.

Only just getting to the charts tonight a little late looks like been some sharp moves on the Yen based pairs.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCHF Hourly 03-04.jpg Size: 184 KB
Click to Enlarge Name: GBPCHF Hourly TP 03-04.jpg Size: 192 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,232
  • Apr 4, 2013 5:30am Apr 4, 2013 5:30am
Results of trading on
2013.03.29 17:04
buy0.10usdjpy
started point: 94.209
stop loss: 92.865
take profit: 96.743
closed at: 2013.04.01 17:22
closed point: 93.467
swap: -0.02
Results: -79.39
  • #3,233
  • Apr 4, 2013 5:42am Apr 4, 2013 5:42am
Quoting DarkWolF
EURCAD Hourly: Hi guys, I took this one yesterday during the London session and price hit my target area, I was waiting for price to move slightly furthr down which it did and I got distracted by something else turned back and it spiked away from the spot where I was going to pull the trigger to close. A little unfortunate but it happens. Resulted in a losing position for me on this one as I didnt put a BE in either. Didnt get back to posting images last night so here they are today. {image} {image}
That is unfortunate but it was covered from another trade if you remember last week there was a talk about taking profit this thus happen
  • #3,234
  • Apr 4, 2013 5:53am Apr 4, 2013 5:53am
Results of trading on
2013.03.29 15:45
sell 0.10 gbpusd
started point: 1.51941
stop loss: 1.52151
take profit: 1.51504
closed at: 2013.04.01 17:21
closed point: 1.52369
swap: -0.28
Results:-42.80
  • #3,235
  • Apr 4, 2013 6:34am Apr 4, 2013 6:34am
GBPJPY Hourly:

Took a long on this pair looking to get a bit more of a push up from the RN area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY Hourly.jpg Size: 179 KB
Click to Enlarge Name: GBPJPY hourly TP 04-04.jpg Size: 184 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,236
  • Apr 4, 2013 8:23am Apr 4, 2013 8:23am
Quoting Tiwa
That is unfortunate but it was covered from another trade if you remember last week there was a talk about taking profit this thus happen
Hi Tiwa,

Yes it was, but the losing positions will happen all part of trading unfortunately.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,237
  • Apr 4, 2013 8:25am Apr 4, 2013 8:25am
Well tomorrow will be NFP day, so be interesting to see how that plays out.

Usually see a very quiet market up until the NFP release and then it is anyones guess.

A good day to be a spectator sometimes and just watch the market move.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,238
  • Edited 11:35pm Apr 4, 2013 10:57am | Edited 11:35pm
Hi took this one GBPUSD long looking for final TP before the RN as i already taking percentages
even if my stop is hit i will still profitable that is how i trade.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1 long setup 04 04 2013.png Size: 34 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1 long setup 04 04 2013 update.png Size: 34 KB


http://www.tenkebeforexsignal.com/
  • #3,239
  • Apr 5, 2013 5:42am Apr 5, 2013 5:42am
Quoting Tiwa
Hi took this one GBPUSD long looking for final TP before the RN as i already taking percentages even if my stop is hit i will still profitable that is how i trade. {image} {image}
Target reached on this one
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1 long trade 04 0 4 2013 update2.png Size: 32 KB

http://www.tenkebeforexsignal.com/
.
  • #3,240
  • Apr 5, 2013 5:51am Apr 5, 2013 5:51am
Results of trading on
2013.04.04 15:19
sell0.10usdcad
started point: 1.01436
During this order I did not put the stop loss or take profit and checked the order manually.
closed at: 2013.04.04 15:39
closed point: 1.01599
Results: -16.04
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