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Day Trading for a Living

  • #241
  • Jul 5, 2012 4:31am Jul 5, 2012 4:31am
Ran into sellers, as expected really.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #242
  • Jul 5, 2012 4:32am Jul 5, 2012 4:32am
Quoting Turveyd
Wise man!!

Not so wise I see

Huge seller at 2506 last time, lets see if there still there, vague buying here.
Lol yeah, the price has stalled right on a whole number so IMO the chances of a reversal are high, theres no guarantee and I'm only risking peanuts to make pennys...
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  • #243
  • Jul 5, 2012 4:37am Jul 5, 2012 4:37am
Quoting GDR3k
Lol yeah, the price has stalled right on a whole number so IMO the chances of a reversal are high, theres no guarantee and I'm only risking peanuts...

Looking promising, 50ema at 2506 take that out and good odds on a 20pip move here.

Smart money, would be on shorting here sadly


Vague buying on all ###USD pairs!!

Another touch and reverse of 2506.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #244
  • Jul 5, 2012 4:44am Jul 5, 2012 4:44am
I think you may be right however this is untested demand territory, gonna leave it on anyway and see what happens.
  • #245
  • Jul 5, 2012 4:48am Jul 5, 2012 4:48am
Quoting GDR3k
I think you may be right however this is untested demand territory, gonna leave it on anyway and see what happens.

Likewise, got to leave it to them to bat around and see who is the stronger the buyers or sellers.

My money is on the sellers LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #246
  • Jul 5, 2012 4:48am Jul 5, 2012 4:48am
Quoting GDR3k
Lol yeah, the price has stalled right on a whole number so IMO the chances of a reversal are high, theres no guarantee and I'm only risking peanuts to make pennys...

y it is nomans land between 1.25 and 1.247x the first is the normal limits of a correction on the hourly the 2nd is a significant support that if breached signals short.

but my plan is buy dips but this is limit for me below 1.25 I shall stand aside until 1.247x.
  • #247
  • Jul 5, 2012 4:56am Jul 5, 2012 4:56am
http://2.bp.blogspot.com/-VycMhR3-89...vs%2Bbears.jpg

I fear the bear may win this current round...my moneys on that beauty with the horns...
  • #248
  • Jul 5, 2012 5:00am Jul 5, 2012 5:00am
Quoting GDR3k

I fear the bear may win this current round...my moneys on that beauty with the horns...

Atleast I'm getting better VFM than the GU trade.

Dunno, higher low getting strength, GU is tracking at the lows so more strength than that.

2506 seller must really want out though.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #249
  • Jul 5, 2012 5:01am Jul 5, 2012 5:01am
Quoting MaxDoom
£$ & Eu longs. stops just below, risk split across the two

dax still running nicely

closed the £$ -1 after it failed to lift

eu and dax still open
  • #250
  • Jul 5, 2012 5:08am Jul 5, 2012 5:08am
EURAUD looks nice, failing to break the 50ema so waiting for strength I guess.


EU's doing okay, leaving it on the table.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #251
  • Jul 5, 2012 5:33am Jul 5, 2012 5:33am
What do you think will happen if ecb cuts rate to 0.75%?
  • #252
  • Jul 5, 2012 5:37am Jul 5, 2012 5:37am
Downtrend is forming, the action is pretty much useless


GU just broke to new low's.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #253
  • Edited 6:01am Jul 5, 2012 5:48am | Edited 6:01am
Quoting Turveyd
Downtrend is forming, the action is pretty much useless


GU just broke to new low's.
Its just found support at a weekly support pivot @ 1.5554 lets see if it holds.

News coming out for the pound in 5 minutes.

EU...
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  • #254
  • Jul 5, 2012 5:49am Jul 5, 2012 5:49am
Quoting Turveyd
Downtrend is forming, the action is pretty much useless


GU just broke to new low's.

interested in your title there.. do you use MA on M1? I would of thought the two kind of contradict each other, M1 being rapid MAs being slow to react
  • #255
  • Jul 5, 2012 5:55am Jul 5, 2012 5:55am
Quoting GDR3k
Its just found support at a weekly support pivot @ 1.5554 lets see if it holds.

EU...

I have some good multi-day targets for GU if it can turn north and so long as it does not reach 1.550x first
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  • #256
  • Jul 5, 2012 5:59am Jul 5, 2012 5:59am
Quoting MaxDoom
interested in your title there.. do you use MA on M1? I would of thought the two kind of contradict each other, M1 being rapid MAs being slow to react
Yep, I use MA's for S/R points and direction, EU is currently running into the 50ema and getting sell pressure for instance.


It gives me a live direction to trade with.


Here is my chart for EU currently.
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Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #257
  • Jul 5, 2012 6:01am Jul 5, 2012 6:01am
Where did that come from, wasn't watching and WOWSA!!!

I'm out +16 that'll do!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #258
  • Jul 5, 2012 6:02am Jul 5, 2012 6:02am
Quoting GDR3k
Its just found support at a weekly support pivot @ 1.5554 lets see if it holds.

News coming out for the pound in 5 minutes.

EU...

news as predictied. nice little spike was not in but help my EU and dax very nicely
  • #259
  • Jul 5, 2012 6:03am Jul 5, 2012 6:03am
Just found the James16 thread and tried his double bar low with higher close AUDUSD @1.02771 (30 minutes tf). Take profit @20 pips

Does somebody know what the heck that was? About 35 pips within seconds!
  • #260
  • Jul 5, 2012 6:04am Jul 5, 2012 6:04am
Quoting Turveyd
Where did that come from, wasn't watching and WOWSA!!!

I'm out +16 that'll do!!

£ news interest same 0.5 uk version of qe + 25bln

so technically negative for the £ but obviously expectation priced in.
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