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Price Action and Trading Discussion

  • #4,121
  • Jan 13, 2014 5:49am Jan 13, 2014 5:49am
EURAUD Hourly:

Another short entry on this pair.

I entered a break even on this trade as soon as I took profit on GBPJPY hourly position. It may have been a bit soon to enter it but happy to protect the profit made for the first trading day of the week.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUD Hourly entry 13-01.jpg Size: 157 KB
Click to Enlarge Name: EURAUD Hourly BE entered 13-01.jpg Size: 156 KB
Click to Enlarge Name: EURAUD hourly BE hit 13-01.jpg Size: 169 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,122
  • Jan 13, 2014 2:18pm Jan 13, 2014 2:18pm
Hi Guys,

Review of daily charts. Not too much going on.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,123
  • Jan 13, 2014 10:39pm Jan 13, 2014 10:39pm
Time to look through the charts and get myself set up for the up coming sessions.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,124
  • Jan 13, 2014 11:59pm Jan 13, 2014 11:59pm
Not too much going on today as yet, could potentially be day of no trades. Anything can happen over the next few hours though.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,125
  • Jan 14, 2014 1:13am Jan 14, 2014 1:13am
AUDNZD hourly:

When I was flicking through my charts it did not look like the hourly bar was going to close as I would have wanted it too. I flicked screens and then back again after the hourly bar closed. I missed the entry by a few pips but still took the position.

With the strong support evident, this was close enough for me, but as I type this price has breached the target line.

Happy with that position and resulting move as it was really looking like that nothing was going to present itself for me today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDNZD Hourly entry 14-01.jpg Size: 153 KB
Click to Enlarge Name: AUDNZD Hourly TP 14-01.jpg Size: 170 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,126
  • Jan 14, 2014 9:07pm Jan 14, 2014 9:07pm
Hey Darkwolf/guys

Iv been away for a while but now im back

Here is a trade I took yesterday, had some nice upward momentum and price found obvious support.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.png Size: 40 KB
  • #4,127
  • Edited 12:49am Jan 15, 2014 12:38am | Edited 12:49am
AUDNUZD DAILY TIME FRAME short trade.
I took this trade yesterday in the direction of the trend as the recent support give way. Hope the target achieved.

Attached Image (click to enlarge)
Click to Enlarge Name: audnzd daily short trade 14 01 2014.png Size: 29 KB

Attached Image (click to enlarge)
Click to Enlarge Name: audnzd daily short trade 15 01 2014 update2.png Size: 31 KB
  • #4,128
  • Jan 15, 2014 1:44am Jan 15, 2014 1:44am
Hi Guys,
I think it will be more helpful if you post your trade before you take it and not after, so we can take trades with you.
when you show picture of trade that you already took I can't do with that nothing.

Thanks anyway for all this forum and all who is posting here.
I am new here and hop to learn a lot.

V.
  • #4,129
  • Jan 15, 2014 2:39am Jan 15, 2014 2:39am
Quoting vaknineyal
Hi Guys, I think it will be more helpful if you post your trade before you take it and not after, so we can take trades with you. when you show picture of trade that you already took I can't do with that nothing. Thanks anyway for all this forum and all who is posting here. I am new here and hop to learn a lot. V.
Then you'll get all the losers
  • #4,130
  • Jan 15, 2014 2:50am Jan 15, 2014 2:50am
Quoting vaknineyal
Hi Guys, I think it will be more helpful if you post your trade before you take it and not after, so we can take trades with you. when you show picture of trade that you already took I can't do with that nothing. Thanks anyway for all this forum and all who is posting here. I am new here and hop to learn a lot. V.
Hi Vaknnineval,

Well I have a very clear reason as to why I do that.

What if I was to have a streak of losing trades that spanned across 5 or 6 losing positions. I would not want anyone on here to copying my trades only to take losing positions. I am sure that anyone in that position would then be quite annoyed.

I would like to think that most would be able to understand that.

I am not here to be trying to give out trade signals, but rather that you would study the charts that I place up and hopefully see how I read the chart and look for the entries that I take.

If you are looking for trade signals or to copy trades, then my apologies but this will be the wrong place for you. Every now and then I will put trades up in real time, but I really hope that by doing so no one is copying the positions and then taking a loss when I take them.

Cheers.

DW.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,131
  • Jan 15, 2014 2:52am Jan 15, 2014 2:52am
Quoting Spongebob123
Hey Darkwolf/guys Iv been away for a while but now im back Here is a trade I took yesterday, had some nice upward momentum and price found obvious support. Cheers {image}
Hi Spongebob,

Welcome back.

Good work on that position, some very clear levels you identified and traded from.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,132
  • Jan 15, 2014 2:53am Jan 15, 2014 2:53am
Quoting kebefx
AUDNUZD DAILY TIME FRAME short trade. I took this trade yesterday in the direction of the trend as the recent support give way. Hope the target achieved. {image} {image}
Hi Kefefx,

Nice work indeed

And you pulled a few more pips out of the position than I got by targeting the lower support area.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,133
  • Jan 15, 2014 2:57am Jan 15, 2014 2:57am
Quoting DarkWolF
{quote} Hi Vaknnineval, Well I have a very clear reason as to why I do that. What if I was to have a streak of losing trades that spanned across 5 or 6 losing positions. I would not want anyone on here to copying my trades only to take losing positions. I am sure that anyone in that position would then be quite annoyed. I would like to think that most would be able to understand that. I am not here to be trying to give out trade signals, but rather that you would study the charts that I place up and hopefully see how I read the chart and look for...
Hi Dark Thanks for your replay.
I am not looking for signals, I am looking for scenario to enter position, also if you are going to take position and your are posting your scenario before we can all discuss on it, the responsible to take or not to take the scenario is on the trader himself.
And if someone loss trade because he took it from here again it it trader responsible.
I think it will help for all.
  • #4,134
  • Jan 15, 2014 3:58am Jan 15, 2014 3:58am
Hi All,
What do you think about AUD-JPY in 4H chart ? I am thinking about long ...
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-JPY.PNG Size: 32 KB
  • #4,135
  • Jan 15, 2014 4:32am Jan 15, 2014 4:32am
Quoting vaknineyal
{quote} Hi Dark Thanks for your replay. I am not looking for signals, I am looking for scenario to enter position, also if you are going to take position and your are posting your scenario before we can all discuss on it, the responsible to take or not to take the scenario is on the trader himself. And if someone loss trade because he took it from here again it it trader responsible. I think it will help for all.
I dont think that would do any good for the thread. People tend to start scrutinising set ups too much and egos start to get in the way. It could also have an effect on people who invest in this thread and possibly cause them to derail from their plan, make mistakes and then go backwards.
  • #4,136
  • Jan 15, 2014 5:07am Jan 15, 2014 5:07am
Quoting Cujo2
{quote} I dont think that would do any good for the thread. People tend to start scrutinising set ups too much and egos start to get in the way. It could also have an effect on people who invest in this thread and possibly cause them to derail from their plan, make mistakes and then go backwards.

Well you know what, I don't understand the purpose of this forum ... if not to help traders .... share trades ...
You so insist that this will not do any good for trader ...and only to show them old trades that you take and win is the best .....

I am not sure about that purpose of this forum ..... also if someone is ashamed to show that he loss trade ... he should not trade at all its the part of the trading.

Anyway have a good trading day to all.

sorry to disturb you all.

V.
  • #4,137
  • Jan 15, 2014 2:46pm Jan 15, 2014 2:46pm
Quoting vaknineyal
{quote} Well you know what, I don't understand the purpose of this forum ... if not to help traders .... share trades ... You so insist that this will not do any good for trader ...and only to show them old trades that you take and win is the best ..... I am not sure about that purpose of this forum ..... also if someone is ashamed to show that he loss trade ... he should not trade at all its the part of the trading. Anyway have a good trading day to all. sorry to disturb you all. V.
Like I said, if you are looking for a place for trading signals then this is the wrong place for you, every now and then I will sneak one in before the fact, but it does concern me a little when I think that some may copy that trade for the obvious reasons.

I am sorry that you feel you can not learn by looking at charts.

And I believe that if you look over the thread you will indeed find that loss trades are posted. Reflecting on a losing position is just as important as the winning.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,138
  • Edited 3:33pm Jan 15, 2014 3:15pm | Edited 3:33pm
Got some nice scalping orders waiting with a r:r of 1:1.

See the pretty yellow arrows on the charts below...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: f9Xnn.png Size: 37 KB
Click to Enlarge Name: JGXnn.png Size: 40 KB
Click to Enlarge Name: PGXnn.png Size: 56 KB
  • #4,139
  • Jan 15, 2014 4:17pm Jan 15, 2014 4:17pm
Quoting GDR3k
Got some nice scalping orders waiting with a r:r of 1:1. See the pretty yellow arrows on the charts below... {image} {image} {image}
I used to scalp quite a lot trading 5 min charts. While I did enjoy trading from the 5 min charts, also used range bar charts for a period of time, I find these days I simply do not have the time to sit in front of the screen as rack up the screen time like I used to.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,140
  • Jan 15, 2014 4:24pm Jan 15, 2014 4:24pm
Quoting DarkWolF
{quote} I used to scalp quite a lot trading 5 min charts. While I did enjoy trading from the 5 min charts, also used range bar charts for a period of time, I find these days I simply do not have the time to sit in front of the screen as rack up the screen time like I used to.
I just scalp the higher timeframes mostly thesedays, set my orders and leave them to get hit which could take days/weeks.
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