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Price Action and Trading Discussion

  • #4,881
  • Mar 30, 2014 2:16am Mar 30, 2014 2:16am
[quote=jen101;7371468]{quote} I need more toughness and patience, can you pass me some? When I have a good run, I get worried it will all go belly up soon and inevitably I am right. I get a loss or two and I immediately chicken out. That's my MM lol. I need something a bit more objective than that and I'm working on it . {quote}

only over a dinner date , lolll.


keep up the good work and your doing good already.
Passion, Persist, Patience, Protect
  • #4,882
  • Mar 31, 2014 3:15am Mar 31, 2014 3:15am
Quoting FXEmpire
only over a dinner date , lolll. keep up the good work and your doing good already.
Well, ok then.
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  • #4,883
  • Mar 31, 2014 3:57am Mar 31, 2014 3:57am
Quoting jen101
{quote} Well, ok then. {image}
lollll...
Passion, Persist, Patience, Protect
  • #4,884
  • Mar 31, 2014 4:57am Mar 31, 2014 4:57am
A few trades this morning; basically buying euro and aud is good to sell now .
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusd.PNG Size: 87 KB
  • #4,885
  • Mar 31, 2014 5:25am Mar 31, 2014 5:25am
Quoting jen101
A few trades this morning; basically buying euro and aud is good to sell now . {image} {image} {image}
with you on eurusd long.. this baby got room for 100 more at least..


jenny extend that tpppp.. here could be a start for the Patience thing..
Passion, Persist, Patience, Protect
  • #4,886
  • Mar 31, 2014 5:36am Mar 31, 2014 5:36am
Quoting FXEmpire
{quote} with you on eurusd long.. this baby got room for 100 more at least.. jenny extend that tpppp.. here could be a start for the Patience thing..
Maybe. There is a resistance level just above my tp; it may not be much but I'm not chancing it. It could go all the way to 1.3900+ possibly.
  • #4,887
  • Mar 31, 2014 6:08am Mar 31, 2014 6:08am
Quoting jen101
{quote} Maybe. There is a resistance level just above my tp; it may not be much but I'm not chancing it. It could go all the way to 1.3900+ possibly.

sure I got a solid res at 3830 area.. depending on how it approaches it and reacts will determined my first possible profit taking decision.. but the real res and possible exhaustion time is above 3900..

here is how I think post entry.. small/minor or nearby levels are meant to be broken, period.. always set my sight on deeper levels for exit
Passion, Persist, Patience, Protect
  • #4,888
  • Mar 31, 2014 6:33am Mar 31, 2014 6:33am
Quoting FXEmpire
{quote} sure I got a solid res at 3830 area.. depending on how it approaches it and reacts will determined my first possible profit taking decision.. but the real res and possible exhaustion time is above 3900.. here is how I think post entry.. small/minor or nearby levels are meant to be broken, period.. always set my sight on deeper levels for exit
I'm not too bothered about pips or getting the most out of a move or achieving a high r:r. That trade is worth 5% of my account. That will do .
  • #4,889
  • Mar 31, 2014 7:19am Mar 31, 2014 7:19am
Quoting jen101
{quote} I'm not too bothered about pips or getting the most out of a move or achieving a high r:r. That trade is worth 5% of my account. That will do .
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,890
  • Mar 31, 2014 7:21am Mar 31, 2014 7:21am
Quoting jen101
{quote} Well, ok then. {image}
Looks like it might be for Empire.....

Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,891
  • Mar 31, 2014 7:24am Mar 31, 2014 7:24am
Hi Guys,

Have been a bit inactive over the last week, life has been busy. Won't be back on board until Thursday's session as will be away tomorrow and not back home until late on Wednesday.

Hope the charts have been kind to you all
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,892
  • Mar 31, 2014 8:47am Mar 31, 2014 8:47am
I've also not been as active as normal, been pretty busy in real life. Currently I'm just scalping the 5m charts on eurjpy and gbpjpy, 8-12 pips per position, 1-2 positions a day. Once that is done, the trading platform gets closed down until the following morning. Sick of looking at charts
  • #4,893
  • Mar 31, 2014 9:20am Mar 31, 2014 9:20am
Quoting DarkWolF
{quote} Looks like it might be for Empire.....
lol.. what do you think should I carry a piece with me.. lol
Passion, Persist, Patience, Protect
  • #4,894
  • Mar 31, 2014 11:27am Mar 31, 2014 11:27am
EurGbp....
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Risk / Trade Management is the name of the Game
  • #4,895
  • Mar 31, 2014 11:33am Mar 31, 2014 11:33am
Quoting jen101
A few trades this morning; basically buying euro and aud is good to sell now . {image} {image} {image}

EurAud

I m counting on EurAud also, but for much bigger target 1.5200 handle..... have to be patience
Risk / Trade Management is the name of the Game
  • #4,896
  • Mar 31, 2014 11:58am Mar 31, 2014 11:58am
Quoting GDR3k
I've also not been as active as normal, been pretty busy in real life. Currently I'm just scalping the 5m charts on eurjpy and gbpjpy, 8-12 pips per position, 1-2 positions a day. Once that is done, the trading platform gets closed down until the following morning. Sick of looking at charts
Hey G

Care to share the scalping method you are using?

thanks
  • #4,897
  • Mar 31, 2014 12:08pm Mar 31, 2014 12:08pm
Quoting FxSaint
{quote} EurAud I m counting on EurAud also, but for much bigger target 1.5200 handle..... have to be patience
Patience indeed. It's currently going the wrong way. I'm starting to wonder if that bullish hammer on Friday was just a retest of a break...

Actually eur is pretty subdued across the board at the moment, so we'll see.
  • #4,898
  • Mar 31, 2014 12:23pm Mar 31, 2014 12:23pm
Quoting FOURX
{quote} Hey G Care to share the scalping method you are using? thanks
Hey, it's nothing fancy, just scalping the highs and lows, sell limit just under the opening price of the highest candle, or a buy limit just above the opening price of the lowest candle. I've only made one position today which is shown below, closed out for about 10 pips on a short.
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  • #4,899
  • Mar 31, 2014 1:57pm Mar 31, 2014 1:57pm
Quoting jen101
{quote} Patience indeed. It's currently going the wrong way. I'm starting to wonder if that bullish hammer on Friday was just a retest of a break... Actually eur is pretty subdued across the board at the moment, so we'll see.
I will consider shorts on EurAud only when 1.4700 is broken. The down move was pretty strong so we cannot expect it to turn so easily, there will be some fight before it turns or breaks.
More test at the lower level of support zone better to build the longs with minimum risk. (Pic attached in page 244)
Risk / Trade Management is the name of the Game
  • #4,900
  • Mar 31, 2014 1:59pm Mar 31, 2014 1:59pm
AudJpy

Not in a mood to believe this Aussie will have to dump them.
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Risk / Trade Management is the name of the Game
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