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Day Trading for a Living

  • #221
  • Jul 4, 2012 5:44pm Jul 4, 2012 5:44pm
Quoting GDR3k
Yeah, I didn't stick to my rules plain and simple really and it cost me a few quid I missed that breakaway from the 1.5675 area right after london open, and thats a textbook move that I'd usually of traded down to the 1.5650 area.
I did that yesterday with Oil, obvious pause before going higher, but can't get it right 100% of the time, got to give some back to feed the wallstreet traders there ferrari's.

Don't let it knock your confidence.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #222
  • Edited 6:01pm Jul 4, 2012 5:44pm | Edited 6:01pm
Quoting savingpig
I went short GPDUSD @1.55959.

There is again a fib retracement (50.0) and a few days ago there was some minor support/resistance level in that area.
I'm short @ 1.55934, TP is 1.5557. Well I closed that out for +7, going to bed now.
  • #223
  • Jul 5, 2012 1:24am Jul 5, 2012 1:24am
morning, wel it is in the uk


Little change to outlook yesterday went exactly as stated in the morning a push to 1.255x then 1.250x.

Daily:
Still in correction 1.328x to 1.228x (invalid once broken)
On possible wave C of simple ABC correction target cluster is 1.283x to 1.295x. Intermediate targets 1.269x, 1.274x, 1.278x
Strong confirmation if we take the recent high @ 1.269x.
Wave C assumption invalid if we breach 1.240x
Hourly:
In probable wave C of correction of move up 1.240x to 1.269x (invalid once broken)
Already achieved more than 61.8% and lifted straight off the primary target of 1.250x yesterday when hit.

Summary: expect run to test 1.269x with risk of a further dip diminishing.
Approach: buy dips or a break of 1.255x

already long
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  • #224
  • Jul 5, 2012 2:23am Jul 5, 2012 2:23am
Just closed a gbpusd short from 1.5611, the price bounced off todays daily pivot of 1.5618 and I entered on the bounce after the first bearing engulfing candle on the 5m, closed the trade @ 1.5590 for +21.
  • #225
  • Jul 5, 2012 2:33am Jul 5, 2012 2:33am
Quoting Turveyd
I did that yesterday with Oil, obvious pause before going higher, but can't get it right 100% of the time, got to give some back to feed the wallstreet traders there ferrari's.

Don't let it knock your confidence.
Definitely, when playing a probability game you're not gonna get it right all the time
  • #226
  • Edited 3:52am Jul 5, 2012 2:42am | Edited 3:52am
Long EU

@1.2524
SL @1.2505
Target @1.2560


in the heat atm.. but i give him/her room to breath till 1.2512
and watch PA at this level before considering a close out manually...


cheers


EDIT: STOPPED OUT @SL
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  • #227
  • Jul 5, 2012 2:47am Jul 5, 2012 2:47am
Dax long from 6565
  • #228
  • Jul 5, 2012 3:17am Jul 5, 2012 3:17am
long £$ 1.5590

sl 1.5570

tp 1.5665
  • #229
  • Jul 5, 2012 3:21am Jul 5, 2012 3:21am
I'm keeping out until it shows me some direction, I'm expecting high volatility on euro pairs today...
  • #230
  • Jul 5, 2012 3:24am Jul 5, 2012 3:24am
Quoting MaxDoom
Dax long from 6565
closed half at +25

BE on the rest
  • #231
  • Jul 5, 2012 3:26am Jul 5, 2012 3:26am
Quoting MaxDoom
long £$ 1.5590

sl 1.5570

tp 1.5665
that was short and violent
  • #232
  • Jul 5, 2012 3:29am Jul 5, 2012 3:29am
Quoting MaxDoom
that was short and violent
The pound/$ is a ruthless & unforgiving pair. I think we may see 1.5550 very soon if it breaks through this support.
  • #233
  • Jul 5, 2012 4:07am Jul 5, 2012 4:07am
Risking a GU long here tightvsl under previous low, risky but like the reward potential.

Ej sitting at support to tempting me.


SL -10 got the feeling SL to tight that was a SL hunt.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #234
  • Jul 5, 2012 4:12am Jul 5, 2012 4:12am
Quoting Turveyd
Risking a GU long here tightvsl under previous low, risky but like the reward potential.

Ej sitting at support to tempting me.
EU is sitting at 1.25 now, may look to go long should it stall and break away.
  • #235
  • Jul 5, 2012 4:17am Jul 5, 2012 4:17am
Quoting GDR3k
EU is sitting at 1.25 now, may look to go long should it stall and break away.
Careful markets are unusually trendy at the moment, must enter with rather than trying to get bottoms.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #236
  • Jul 5, 2012 4:21am Jul 5, 2012 4:21am
Quoting Turveyd
Careful markets are unusually trendy at the moment, must enter with rather than trying to get bottoms.
Indeed, not liking PA at the minute so staying out.
  • #237
  • Jul 5, 2012 4:21am Jul 5, 2012 4:21am
Risking eu long tight SL looking rough.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #238
  • Jul 5, 2012 4:25am Jul 5, 2012 4:25am
Quoting Turveyd
Risking eu long tight SL looking rough.
EU long @ 1.2502, SL tight @ 1.2490, very low risk, lowered the lot size.
  • #239
  • Jul 5, 2012 4:27am Jul 5, 2012 4:27am
Quoting GDR3k
Indeed, not liking PA at the minute so staying out.

Wise man!!

Not so wise I see

Huge seller at 2506 last time, lets see if there still there, vague buying here.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #240
  • Jul 5, 2012 4:29am Jul 5, 2012 4:29am
£$ & Eu longs. stops just below, risk split across the two

dax still running nicely
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