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Price Action and Trading Discussion

  • #5,241
  • Jun 3, 2014 3:16am Jun 3, 2014 3:16am
Entered gbpnzd this morning on a sharp pullback, looking for another 120 pips, already banked 133 from this pair recently .
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  • #5,242
  • Jun 3, 2014 4:40am Jun 3, 2014 4:40am
Quoting jen101
Entered gbpnzd this morning on a sharp pullback, looking for another 120 pips, already banked 133 from this pair recently . {image}
Nice work
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,243
  • Jun 3, 2014 4:41am Jun 3, 2014 4:41am
Hi Guys,

First watchlist scan today was hourly, not too much on the radar, but will keep an eye on some of the euro pairs.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,244
  • Jun 3, 2014 4:44am Jun 3, 2014 4:44am
4 hourly and daily much the same, not too much but will have a more in depth look at daily a little later.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,245
  • Jun 3, 2014 4:44am Jun 3, 2014 4:44am
Quoting DarkWolF
Hi Guys, First watchlist scan today was hourly, not too much on the radar, but will keep an eye on some of the euro pairs.

I am sorry to mention this dwolf.. but do you ever find something under you radar, lol..
Passion, Persist, Patience, Protect
  • #5,246
  • Jun 3, 2014 4:51am Jun 3, 2014 4:51am
Quoting FXEmpire
{quote} I am sorry to mention this dwolf.. but do you ever find something under you radar, lol..
Feels that way lately, although I havent seen much charting lately, all caught up on everything now though, from today should be all good.

However, I am rather picky on entries. I would rather sit out and watch than be taking a trade just for the sake of being in the market.

If it is not there it is not there. If that means you go 2 or 3 weeks potentially with no trades then so be it.

Keep waiting until it is.

Now that should have some more time back I should be able to slot in some charting in between on thoughts etc if im not in any trades.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,247
  • Jun 3, 2014 4:56am Jun 3, 2014 4:56am
Quoting DarkWolF
{quote} Feels that way lately, although I havent seen much charting lately, all caught up on everything now though, from today should be all good. However, I am rather picky on entries. I would rather sit out and watch than be taking a trade just for the sake of being in the market. If it is not there it is not there. If that means you go 2 or 3 weeks potentially with no trades then so be it. Keep waiting until it is. Now that should have some more time back I should be able to slot in some charting in between on thoughts etc if im not in any trades....
don't get me wrong here dwolf by no means I was just wondering.. as it seems you take one or two trade a month or 5 at most which is fine but 5 trades a month for short term hold is like might as well not trading at all.
surely everyone has it's own agenda.. maybe you trade big lots and go for super high win rate I don't know.. but it just seems nothing ever gets under your radar lol.. it's all good friend.
Passion, Persist, Patience, Protect
  • #5,248
  • Jun 3, 2014 5:04am Jun 3, 2014 5:04am
Quoting FXEmpire
{quote} don't get me wrong here dwolf by no means I was just wondering.. as it seems you take one or two trade a month or 5 at most which is fine but 5 trades a month for short term hold is like might as well not trading at all. surely everyone has it's own agenda.. maybe you trade big lots and go for super high win rate I don't know.. but it just seems nothing ever gets under your radar lol.. it's all good friend.
Don't worry I never take offence to anything that is written here all is good, half the problem sometimes is that people don't say what they are thinking, after all isnt that what a forum is for

Indeed you are correct you never know what an individual traders situation is.

I just aim to be profitable that is all. And trust me, I have been there done that with trading and made quite a lot of mistakes along the my journey.

I have learnt to be patient and most importantly of all, if it does not tick my boxes to my plan, I sit on my hands and wait. Is that hard sometimes.... you bet.

Plan your trade.... Trade your plan....
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,249
  • Jun 3, 2014 5:07am Jun 3, 2014 5:07am
Quoting DarkWolF
{quote} Don't worry I never take offence to anything that is written here all is good, half the problem sometimes is that people don't say what they are thinking, after all isnt that what a forum is for Indeed you are correct you never know what an individual traders situation is. I just aim to be profitable that is all. And trust me, I have been there done that with trading and made quite a lot of mistakes along the my journey. I have learnt to be patient and most importantly of all, if it does not tick my boxes to my plan, I sit on my hands...

I feel for those swollen hands though .. you da man dwolf patience to the moon.
Passion, Persist, Patience, Protect
  • #5,250
  • Jun 3, 2014 5:09am Jun 3, 2014 5:09am
Plus it is my first real session watching the charts with any real intent in some time.

Sometimes it pays to just get a feel for what is going on.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,251
  • Jun 3, 2014 5:20am Jun 3, 2014 5:20am
EURJPY Hourly:

So I was looking for a potential long position on this pair. But wanted the bar to close a bit stronger that it did. I could still take the position, but for me I wanted to see the close to be closer to where the high of the bar was, wanted it to close with a bit more strength to it.

It may continue on and reach my potential target area, and I may miss the position. But so be it, there will always be more. Can not get caught up in the "what if"
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,252
  • Jun 3, 2014 6:35am Jun 3, 2014 6:35am
Quoting FXEmpire
{quote} I feel for those swollen hands though .. you da man dwolf patience to the moon.
Ha Ha.

I had to read that a second time...... bit slow tonight....

Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,253
  • Jun 3, 2014 6:35am Jun 3, 2014 6:35am
Time for Game of Thrones
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,254
  • Jun 4, 2014 2:47am Jun 4, 2014 2:47am
Quoting jen101
Entered gbpnzd this morning on a sharp pullback, looking for another 120 pips, already banked 133 from this pair recently . {image}
Got there last night .
  • #5,255
  • Jun 4, 2014 3:35am Jun 4, 2014 3:35am
Pushing my luck now, but crystal ball says buy
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  • #5,256
  • Jun 4, 2014 6:27am Jun 4, 2014 6:27am
Quoting jen101
{quote} Got there last night .
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,257
  • Jun 4, 2014 6:33am Jun 4, 2014 6:33am
Quoting DarkWolF
EURJPY Hourly: So I was looking for a potential long position on this pair. But wanted the bar to close a bit stronger that it did. I could still take the position, but for me I wanted to see the close to be closer to where the high of the bar was, wanted it to close with a bit more strength to it. It may continue on and reach my potential target area, and I may miss the position. But so be it, there will always be more. Can not get caught up in the "what if" {image}
The target area was achieved, but hey.... that is trading.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,258
  • Jun 4, 2014 6:37am Jun 4, 2014 6:37am
Quoting DarkWolF
{quote} The target area was achieved, but hey.... that is trading. {image} {image}
Darkwolf, why don't you try living dangerously for a change? Get tanked up, loosen those inhibitions and let rip .
  • #5,259
  • Jun 4, 2014 6:43am Jun 4, 2014 6:43am
Quoting jen101
{quote} Darkwolf, why don't you try living dangerously for a change? Get tanked up, loosen those inhibitions and let rip .
Ha Ha....

Trust me, I have learnt the hard way.....

Now I stick to my plan and trade with caution.

If there is any doubt in my mind that there is a reason to potentially not enter the trade, then I will simply stay out. The way I see it, another opportunity will come along no doubt about that.

It is not how many trades you take.... it is are you profitable at the end of the day, week, month, year

I don't get too bothered anymore by the one that got away there is always the next one.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,260
  • Jun 4, 2014 6:49am Jun 4, 2014 6:49am
I am however testing out something a little more aggressive, a version of one way I used to trade some time ago. Limited at this point in time to only one pair, potentially two pairs.

Although I always test on a demo for a period of time before I even consider committing my live account to anything new.

I will keep ya' posted and start putting some images up if I believe it has any merit for me to continue on with it. So far so good, but that can change in an instant if you get too overly confident in any trading method or style.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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