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Price Action and Trading Discussion

  • #5,281
  • Jul 25, 2014 5:28am Jul 25, 2014 5:28am
Quoting jhehe
This thread still active? I see posts slowing down. Interested in following nevertheless
Hi Jhehe,

Still active however I have not been posting much, taking a small break to spend some time doing some other things, but I will be back real soon, hopefully within the next couple of weeks.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,282
  • Jul 25, 2014 9:54am Jul 25, 2014 9:54am
Quoting DarkWolF
{quote} Hi Jhehe, Still active however I have not been posting much, taking a small break to spend some time doing some other things, but I will be back real soon, hopefully within the next couple of weeks. Cheers.
Cool, thanks for the update! Your stuff is very interesting, do you mind if I contribute and get some (or a lot) of criticism on my chart set ups? I've moved away from indicators so I would like to practice PA and hopefully get some pointers.
  • #5,283
  • Jul 28, 2014 5:48am Jul 28, 2014 5:48am
Quoting jhehe
{quote} Cool, thanks for the update! Your stuff is very interesting, do you mind if I contribute and get some (or a lot) of criticism on my chart set ups? I've moved away from indicators so I would like to practice PA and hopefully get some pointers.
Hi Jhehe,

Thanks and no problems at all.

At this point in time I am hoping to be back on the charts the week after next.

Hope you had a great weekend.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,284
  • Jul 28, 2014 9:19pm Jul 28, 2014 9:19pm
Quoting DarkWolF
{quote} Hi Jhehe, Thanks and no problems at all. At this point in time I am hoping to be back on the charts the week after next. Hope you had a great weekend. Cheers.
Great! Looking forward to seeing more of your posts soon. In the mean time, take care!
  • #5,285
  • Jul 29, 2014 10:46am Jul 29, 2014 10:46am
Price Action is Price Action on all TF, so lets try in m1 chart

AudUsd Buy scalp
Attached Image (click to enlarge)
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Risk / Trade Management is the name of the Game
  • #5,286
  • Aug 2, 2014 7:36am Aug 2, 2014 7:36am
greetings Dark wolf,

I finished reading your thread . Its amazing information. but I have one question. earlier you had big targets more than 100 pip trades, but later it reduced. is there any particular reason? or you making the lot size greater and reducing the pip level??
  • #5,287
  • Aug 4, 2014 6:13am Aug 4, 2014 6:13am
Quoting Pradarp
greetings Dark wolf, I finished reading your thread . Its amazing information. but I have one question. earlier you had big targets more than 100 pip trades, but later it reduced. is there any particular reason? or you making the lot size greater and reducing the pip level??
Hi Pradarp,

I am glad you like the thread. I should be back actively on here soonish.

Is there any more specifics you can give around that ?

Most likely trading from daily and 4 hourly my targets may appear larger than if trading on hourly.

My lot sizing will always be based around risk management. Regardless of your stop level your risk should always remain consistent and managed through position sizing.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,288
  • Aug 8, 2014 6:33am Aug 8, 2014 6:33am
Today's a good day to buy AUD and NZD after last night's Aussie news sent them south. They were both around key levels anyway. Here's one...
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  • #5,289
  • Aug 8, 2014 9:01pm Aug 8, 2014 9:01pm
Quoting DarkWolF
{quote} Hi Pradarp, I am glad you like the thread. I should be back actively on here soonish. Is there any more specifics you can give around that ? Most likely trading from daily and 4 hourly my targets may appear larger than if trading on hourly. My lot sizing will always be based around risk management. Regardless of your stop level your risk should always remain consistent and managed through position sizing.
Looking forward to your trades and analysis again. Miss them much!
  • #5,290
  • Aug 8, 2014 9:38pm Aug 8, 2014 9:38pm
Quoting DarkWolF
{quote} 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.
That's great advice. I moved from trading 15M all the way to 8H and my trading has never been better precisely because I don't care about missing anything anymore. Another opportunity is around the corner.
  • #5,291
  • Aug 9, 2014 5:53am Aug 9, 2014 5:53am
Quoting EnoFX
{quote} That's great advice. I moved from trading 15M all the way to 8H and my trading has never been better because I don't care about missing anything anymore. Another opportunity is around the corner.
Glad to hear that EnoFX
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,292
  • Aug 9, 2014 5:54am Aug 9, 2014 5:54am
Quoting Winston Reed
{quote} Looking forward to your trades and analysis again. Miss them much!
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,293
  • Aug 10, 2014 6:04am Aug 10, 2014 6:04am
Hi Guys,

Checking out the daily charts in preparation for getting back into the charting starting from tomorrows sessions.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,294
  • Aug 10, 2014 6:16am Aug 10, 2014 6:16am
EURUSD Daily:

Some clear areas here to be keeping an eye on. No surprised that price stalled where it did with some long term support evident.

Unless price can break and hold above the descending trend line, I am remaining bias to the short side for any trades.

However in saying that, is there potential that price is simply in the longer term range..... absolutely....
Attached Image (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,295
  • Aug 10, 2014 6:24am Aug 10, 2014 6:24am
EURJPY Daily:

Stuck in the channel. Will we see a bullish continuation or simply a slow grind downwards and eventually hold below the RN area.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,296
  • Aug 10, 2014 6:28am Aug 10, 2014 6:28am
AUDJPY Daily:

Pretty sure this one speaks for itself. Trade the range of simply wait it out.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,297
  • Aug 10, 2014 6:31am Aug 10, 2014 6:31am
GBPUSD Daily:

I reckon I probably would have taken this for a trade, pushing past the lows, targeting the lower support areas.
Attached Image (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,298
  • Aug 10, 2014 6:33am Aug 10, 2014 6:33am
Looking forward to getting those hourly charts opened up tomorrow
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,299
  • Aug 10, 2014 6:38am Aug 10, 2014 6:38am
USDJPY Daily:

The market generally ranges more than it trends.

Something to be said for keeping an eye on ranges....
Attached Image (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,300
  • Aug 10, 2014 6:41am Aug 10, 2014 6:41am
Clearly it has been a while since I got some charting done.

I could keep smashing up images for hours now......
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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