Day Trading for a Living

+20pips just like that. Patience helps with trading

Patience is the biggest factor in trading IMO.

AUDUSD again at the 1.0000 area, another rejection?

I anticipate the EUR reaching the 1.2600 level at some point but i'm curious

Is there anyone short the EUR/USD at this moment?

@1.2361

A retrace past 1.29 will be my stop, unless I hedge. I don't trade for a living.

Today I will stay short on EUR/USD.

I'm not at the moment... and looking at the charts at this very second would be favouring a long opportunity in the short term

but 1.2668 is an area of concern for me so will watch price very carefully when we approach that level

Here s a chart of what am looking at.

EURUSD todays daily pivot level is 1.2603 which is right above the whole number, If the price reaches this level I anticipate hard support here with lots of buy orders in this area (see the green on the chart), plus the price will have to make a new low for today to hit this level which is good sign for a nice long trade, should the price stall and give signs of reverse, then long will be the way.

Just to update you all... I am in off the bounce... The position is currently sat underwater...

I current short EUR/USD @1.2625. SL@25 pips TP@45 pips. Anyone same with me short EUR/USD? =)

No sorry dude, I'm long at the moment. Same position as earlier for me.

OK I am out at break even. The market doesn't seem to have too much direction... but then again now that I am out it will move :-)

OK so now that I am out I can give you a ll a little run down as to why I exited early.

Generally speaking I like the market to move relatively soon after I enter because my analysis is such that if I have picked the right spot at the right time the market should move.

If after nearly two hours as it was this morning the market still hasn't moved anywhere then my analysis was incorrect and hence now I am sitting in a position where the outcome in my mond is all down to chance.

I then look at the charts again and ask myself... if I was given an opportunity to enter now after all of the crap price action would I take it... if the answer is no I exit.

Does that make sense?

I've entered long on USDCAD @ 1.0224, price is at a support level which has been rejected once already and the price has stalled.

Theres not my usual 'make the trade' feeling so the stop is tight @ 1.0213 which if hit I believe it'll continue on down. TP is just under the daily pivot @ 1.0249 which is also the half number area.

R:R / 1:2

STOPPED AT BREAK EVEN.

Keeping an eye on EURUSD area 1.26...

So...what trading method do you lot use to make your trading decisions?

AUDUSD short @ 1.00476, price stalled at the half number and made a nice inside bar with the 15m candle, TP is 1.00035 just above what I believe will be resistance just above the whole number.

SL has now been moved to trade open as its unpredicatable friday!

Trade closed at support level, +10, eurusd is very near the whole number so if theres a bounce here it may push audusd up with it.

[I did, added few more when it re-tested 2625 - SL at BE now so will see how it flows - whats your TP bro?

AUDUSD long @ 1.00268, price moved down from the half number and stalled at the quarter number, TP is 1.0050.

Trade closed @ break even.

I had a mini crisis on my hand... had to leave the office for 15 minutes and missed the train!

But just so you guys can see what I am looking at and what I would have traded had I been in front of the screen, I attach a screen shot..

I was looking to sell at the blue line...