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Day Trading for a Living

  • #141
  • Jun 26, 2012 2:17am Jun 26, 2012 2:17am
Quoting klopfzeichen
Do you use daily pivot or parabolic SAR for your TP's?
I use whatever the next level is on my charts, usually the daily pivot is good for entering a trade, I've never used SAR.

Quoting Nexas
I took the same trade :-)

But I don't use weekly supports... I was just using the fact that it was a previous swing low...

Maybe I'll throw some onto my charts and see what they look like..
Give it a go
  • #142
  • Edited 3:22am Jun 26, 2012 3:09am | Edited 3:22am
EURUSD long @ 1.2518, price bounced off the daily pivot, TP 1.2537. SL is tight and has been moved to 1.2508.

Scalp scalp scalp...

Closed @ 1.2524 due to the PA (hanging man, 5m chart) around 1.2525, +6
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  • #143
  • Edited 4:14am Jun 26, 2012 3:52am | Edited 4:14am
USDCAD long @ 1.02680, TP 1.0282. R:R is a bit over 1:1.

SL is now at break even and hit.
  • #144
  • Edited 4:39am Jun 26, 2012 3:54am | Edited 4:39am
Bad time to switch on mid move, Audusd might be worth a shot long near here though, watching that.

In SL under previous Low!

I'm out +3 and +8 on second position.

More news in 20 mins
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #145
  • Jun 26, 2012 4:49am Jun 26, 2012 4:49am
EURUSD long @ 1.2490, price dropped and stalled at a mid pivot. TP has been taken @ 1.25.

+10

If price moves above 1.25 I'll look to get in long if theres a pullback to some decent support, however, if it fails to break through 1.25 I may look at going short.
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  • #146
  • Jun 26, 2012 7:13am Jun 26, 2012 7:13am
AUDUSD short @ 1.0046, TP is 1.0025. price bounced off a pivot & psych level.

Closed @ 1.0030 @ the mid pivot. +16.

+32 for the day so far.
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  • #147
  • Jun 26, 2012 7:16am Jun 26, 2012 7:16am
Quoting GDR3k
EURUSD long @ 1.2518, price bounced off the daily pivot, TP 1.2537. SL is tight and has been moved to 1.2508.

Scalp scalp scalp...

Closed @ 1.2524 due to the PA (hanging man, 5m chart) around 1.2525, +6
Its amazing... I took exactly the same trade at the same price... I came out at 1.2528
  • #148
  • Edited 7:35am Jun 26, 2012 7:20am | Edited 7:35am
Quoting Nexas
Its amazing... I took exactly the same trade at the same price... I came out at 1.2528
Spooky haha

I just closed @ 1.0030 at the mid pivot, sticking to my rules, being greedy going for the next level at 1.0025 isn't good...

USDCAD @ its daily pivot, may look to get short if it forms a double top or long if theres a bounce from the 1.0275 area, I'm finding AUDUSD & USDCAD highly oppositely correlated as of late.
  • #149
  • Jun 26, 2012 7:37am Jun 26, 2012 7:37am
Quoting GDR3k
Spooky haha

I just closed @ 1.0030 at the mid pivot, sticking to my rules, being greedy going for the next level at 1.0025 isn't good...

USDCAD @ its daily pivot, may look to get short if it forms a double top or long if theres a bounce from the 1.0275 area, I'm finding AUDUSD & USDCAD highly oppositely correlated as of late.
You are very active in the markets :-)

What time frame do you trade?
  • #150
  • Jun 26, 2012 7:43am Jun 26, 2012 7:43am
Quoting Nexas
You are very active in the markets :-)

What time frame do you trade?
I enter off the 1m and 5m mainly but look for areas of where to wait to enter trades off the higher TF so I use them all really to base my trading decisions, what about you?
  • #151
  • Jun 26, 2012 7:51am Jun 26, 2012 7:51am
Quoting GDR3k
I enter off the 1m and 5m mainly but look for areas of where to wait to enter trades off the higher TF so I use them all really to base my trading decisions, what about you?
I use 5 mins, 15 mins and 1 hour to look for direction and levels but trade from an 8 range bar or 5...

currently looking to short here around the weekly pivot and S1
  • #152
  • Jun 26, 2012 8:29am Jun 26, 2012 8:29am
Quoting Nexas
I use 5 mins, 15 mins and 1 hour to look for direction and levels but trade from an 8 range bar or 5...

currently looking to short here around the weekly pivot and S1
Something looks fishy about this pullback, we're at a major support area on the 4hr.
  • #153
  • Jun 26, 2012 8:47am Jun 26, 2012 8:47am
I just got shaken out for a small loss...

the pull back is a little more aggressive than one likes though :-)

Still looking to get short...
  • #154
  • Edited 9:31am Jun 26, 2012 9:20am | Edited 9:31am
EURUSD short @ 1.24916 after the double top formed on the 5m right under 1.25.

TP has been took just above a support level @ 1.2478. +13

Today has been a megga scalp day.
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  • #155
  • Jun 26, 2012 9:51am Jun 26, 2012 9:51am
Great entry, 12500 has been a key level to play with Although overall tend in hrly is down the last wave up in five min looks motive in form so again looking for a HL to form and a break of 12500. May not happen as the overall trend might just push us lower but worth keeping an eye on imo. GL all.
  • #156
  • Jun 26, 2012 10:09am Jun 26, 2012 10:09am
No HL then just a new low and a continuation of the trend. (euro)
  • #157
  • Jun 26, 2012 11:24am Jun 26, 2012 11:24am
I got the Euro short from the 1.2500 level. Entry was a little lower at 85 but got enough of a move to take profit at S1 for 20 pips
  • #158
  • Edited 2:30pm Jun 26, 2012 2:16pm | Edited 2:30pm
Quoting Nexas
I got the Euro short from the 1.2500 level. Entry was a little lower at 85 but got enough of a move to take profit at S1 for 20 pips
Theres nothing quite like putting a buy order when you meant to of put a sell order. That was a megga brain fart.

-15
  • #159
  • Edited 8:26am Jun 27, 2012 2:36am | Edited 8:26am
eurusd long @ 1.2487 @ the daily pivot. TP is 1.2532.

SL is at break even and hit

1.25 is proving to be quite tough.
  • #160
  • Jun 27, 2012 9:51am Jun 27, 2012 9:51am
long EU @ support 1.2455
TP hit @ 1.2470

CT trade I will TP at nearest level.


This is a great thread. Thanks all the seasoned traders.
Will try to post chart next time.


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