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Day Trading for a Living

  • #261
  • Jul 5, 2012 6:04am Jul 5, 2012 6:04am
Quoting GDR3k
EU long @ 1.2502, SL tight @ 1.2490, very low risk, lowered the lot size.
SL at break even should it whipsaw and drop.

Stopped at BE, good job ey.
  • #262
  • Jul 5, 2012 6:05am Jul 5, 2012 6:05am
Quoting MaxDoom
news as predictied. nice little spike was not in but help my EU and dax very nicely

Unusual news time, interest rates no change = good keeps my mortgage nice and low


Work GET SOME!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #263
  • Jul 5, 2012 6:08am Jul 5, 2012 6:08am
Nasty bit of wipsaw, all previous 1.2500 buyers with tight SL's just got flushed.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #264
  • Jul 5, 2012 6:18am Jul 5, 2012 6:18am
Quoting Turveyd
Nasty bit of wipsaw, all previous 1.2500 buyers with tight SL's just got flushed.
Yah my SL got hit at BE, I expect this sort of whipsaw behaviour most of this afternoon and unexpected moves totally against all logic, theres plenty of events for euro and dollar today, adp nfp, unemployment claims and ism manufacturing for the dollar and min bid rate and ecb conference for the euro, I may stay out.
  • #265
  • Jul 5, 2012 6:24am Jul 5, 2012 6:24am
Quoting GDR3k
Yah my SL got hit at BE, I expect this sort of whipsaw behaviour most of this afternoon and unexpected moves totally against all logic, theres plenty of events for euro and dollar today, adp nfp, unemployment claims and ism manufacturing for the dollar and min bid rate and ecb conference for the euro, I may stay out.

at BE on the day pretty much, trading my a numpty 2 weeks off and back to basics LOL so that'll do me to.

Got all tomorrow, so I apologise for the market barely moving all day
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #266
  • Edited 6:44am Jul 5, 2012 6:32am | Edited 6:44am
Quoting Turveyd
at BE on the day pretty much, trading my a numpty 2 weeks off and back to basics LOL so that'll do me to.

Got all tomorrow, so I apologise for the market barely moving all day
ecb is expected to cut the interest rate from 1% down to 0.75% we'll find out about 12.45, we may see a monumental drop, if its not already priced in - then it may fly north, either way I'll be keeping well away
  • #267
  • Jul 5, 2012 9:35am Jul 5, 2012 9:35am
So I got my technology issue solved and saw all of the moves I have been missing this week! Damn it... these are the weeks which really pay you...

Anyway I managed to catch a few today. Basically I have been shorting on the pull backs all day long!

Attached is my first trade of the day which was a sell from resistance.

I am now done trading for the day, so can come and play on here :-)
Attached Image
  • #268
  • Jul 5, 2012 9:49am Jul 5, 2012 9:49am
Haha yeah I know what you mean, when you arn't on the charts it moves, when you're sat watching its flat, I didn't wanna enter any trades this afternoon given the events scheduled, I've been out for a few hours and come back to a 120 pip drop on EU, I suspected it may do this after the ecb rate drop but didn't place a sell order incase it whipsawed, wish I had now, , ah well, theres always NFP tomorrow.
  • #269
  • Jul 5, 2012 10:11am Jul 5, 2012 10:11am
so I didnt trade ADP and went for a long lunch instead

but I have taken a long Dax 6518, Dow 12823 and EU 1.2383

looking rosey at the moment but not going to be greedy
  • #270
  • Jul 5, 2012 11:47am Jul 5, 2012 11:47am
Quoting savingpig
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!
It would of been the ecb min bid rate release. I think most pairs whipsawed where EU just dropped, I was going to short a few pairs but in the end bottled it. Still, in profit for the day from a £/$ short this morning.
  • #271
  • Jul 5, 2012 12:11pm Jul 5, 2012 12:11pm
Long On Eur/Usd

After missing out on the euro drop today, because I was out, I am now long back to the 1.2440 (50%fib) level with only a very small 0.50p trade.
  • #272
  • Jul 5, 2012 5:29pm Jul 5, 2012 5:29pm
Quoting GDR3k
It would of been the ecb min bid rate release. I think most pairs whipsawed where EU just dropped, I was going to short a few pairs but in the end bottled it. Still, in profit for the day from a £/$ short this morning.

Was very happy I was a wuss and took my +16 and ran

Shame on GU costing me 17 with my 2nd position but hey!!

2weeks with no trading and totally lost the nerve to take the smart trades!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #273
  • Jul 5, 2012 5:49pm Jul 5, 2012 5:49pm
Yeah when I had a week off the charts it took me a bit to 'get back in the zone', if I traded every opportunity I seen then I'd be considerably richer, sometimes I'm not sure about entering so I don't, then the price goes in the direction I would of traded.
  • #274
  • Jul 5, 2012 6:17pm Jul 5, 2012 6:17pm
Quoting GDR3k
Yeah when I had a week off the charts it took me a bit to 'get back in the zone', if I traded every opportunity I seen then I'd be considerably richer, sometimes I'm not sure about entering so I don't, then the price goes in the direction I would of traded.

Hopefully get back on track soon, the humidity in the UK isn't helping at the moment ruins my concentration, which is already pretty much useless.

Lets see what tomorrow brings!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #275
  • Jul 6, 2012 3:22am Jul 6, 2012 3:22am
Quoting Turveyd
Hopefully get back on track soon, the humidity in the UK isn't helping at the moment ruins my concentration, which is already pretty much useless.

Lets see what tomorrow brings!!
I know what you mean, the pollen count has been rediculously high this year also...

Will be looking to short gbpusd around the 1.5550 area if PA changes, theres what looks like will be obvious resistance in that area which acted as support yesterday, plus todays daily pivot @ 1.5547 so I imagine there'll be plenty of sellers!

£ news in 2 minutes @ 9.30..........
  • #276
  • Jul 6, 2012 3:28am Jul 6, 2012 3:28am
Quoting Mossy68
Long On Eur/Usd

After missing out on the euro drop today, because I was out, I am now long back to the 1.2440 (50%fib) level with only a very small 0.50p trade.
Jeez after being in that for 8 hours or so, took only a few pips profit, now I am out it rises....Typical.

Now selling to around 1.2340....(If I dont get stopped out 1st)
  • #277
  • Edited 4:30am Jul 6, 2012 3:38am | Edited 4:30am
I've just entered short on EURUSD @ 1.2395 on the bounce off 1.24, hopefully the price will reverse a decent amount from the whole number. SL is tight @ 1.2415.

TP is 1.2351 but may close if it fails to break through the 1.2360 area...if it goes down.

SL has been moved to break even, if it goes back up I think it'll continue. @ 10.08am

CLOSED @ 1.2376. +19
  • #278
  • Jul 6, 2012 5:30am Jul 6, 2012 5:30am
GBPUSD looks like its in a decent resistance area, not entered short on it yet, waiting for a breakaway, or if it moves up, the 1.5575 area would be a likely place it'd reverse.
  • #279
  • Jul 6, 2012 6:42am Jul 6, 2012 6:42am
Big news out for CAD & USD at 1.30pm, normally USDCAD spikes on such events so I'm gonna place a buy and sell order to catch it and close for a quick profit, hopefully.

  • #280
  • Jul 6, 2012 7:47am Jul 6, 2012 7:47am
After such a low NFP number, surely the dollar should have dropped? I just don't get it!
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
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