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Day Trading for a Living

  • #421
  • Jul 9, 2012 1:03pm Jul 9, 2012 1:03pm
Quoting Mossy68
Silly question....is there a minimum age to open up a Forex Account ? Thought it might be 18
Yes i believe it is 21 though i am trading under my dads name.

2 trades for me today long gpb/usd and aud/usd
  • #422
  • Edited 3:02am Jul 10, 2012 2:11am | Edited 3:02am
EURUSD short 1.2296, TP 1.22755.
Risk is low

Closed just under break even
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  • #423
  • Jul 10, 2012 2:24am Jul 10, 2012 2:24am
Just sold the pivot at 1.2291... on the EURUSD
  • #424
  • Jul 10, 2012 2:34am Jul 10, 2012 2:34am
Quoting Nexas
Just sold the pivot at 1.2291... on the EURUSD
Quite a strange downmove this...
  • #425
  • Jul 10, 2012 2:42am Jul 10, 2012 2:42am
Having missed the previous two peaks within the last hour I sold cable at 08:20 from a local high. I spent the next 90 seconds kicking myself as it didn't really move but EU started dropping nicely.

Fortunately Cable obliged and started down. I got out for 9 pips just before 08:25, in hindsight there was more to be had but it might have been flagging so I took what was on the table.

There are a few moves that occur on the market at particular times. This one on Cable just after 08:00 BST seems reliable, but not on Mondays.

There is also a sweet spot around 12:30 on EU, but I guess that is unpredictable at the moment.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #426
  • Edited 3:41am Jul 10, 2012 3:06am | Edited 3:41am
entered short audusd 1.0188, price has stalled at the daily pivot.


stopped out -15
  • #427
  • Jul 10, 2012 3:14am Jul 10, 2012 3:14am
Sideways into news in 15mins then hopefully we'll get some movement.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #428
  • Jul 10, 2012 3:19am Jul 10, 2012 3:19am
Quoting Turveyd
Sideways into news in 15mins then hopefully we'll get some movement.
Good job you reminded me, I had a look last night and this morning but totally forgot.

  • #429
  • Jul 10, 2012 3:22am Jul 10, 2012 3:22am
Quoting GDR3k
Good job you reminded me, I had a look last night and this morning but totally forgot.

Team work mate!!

AU appears to be up trending to me, doesn't mean it can't / won't change ofcourse.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #430
  • Jul 10, 2012 3:27am Jul 10, 2012 3:27am
and i'm out for a 10 pip loss
  • #431
  • Jul 10, 2012 3:50am Jul 10, 2012 3:50am
Got to start holding over news, risk to reward wise even with slippage it's got to be worth it, maybe not hold GU over GU news to avoid the fast spike SL killer.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #432
  • Jul 10, 2012 3:58am Jul 10, 2012 3:58am
Aye, I entered that audusd trade before some news and I'd never usually enter 30 minutes or so before any, I had also planned out last night the moves on GBPUSD that I was going to take today if the price reached the levels, one was wait for a pullback to the whole number 1.55 and go long if it stalled, however having totally forgot that and hardly looking at that pair today, it never got done and low and behold, it did exatly that, stalled and blasted off north.
  • #433
  • Jul 10, 2012 4:04am Jul 10, 2012 4:04am
Quoting GDR3k
Aye, I entered that audusd trade before some news and I'd never usually enter 30 minutes or so before any, I had also planned out last night the moves on GBPUSD that I was going to take today if the price reached the levels, one was wait for a pullback to the whole number 1.55 and go long if it stalled, however having totally forgot that and hardly looking at that pair today, it never got done and low and behold, it did exatly that, stalled and blasted off north.
Go to the shops buy a pen and some yellow sticky things make notes then attach around your screen, real high tech

Ofcourse you will get to town and totally forget what your after lol
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #434
  • Jul 10, 2012 4:08am Jul 10, 2012 4:08am
Quoting Turveyd
Go to the shops buy a pen and some yellow sticky things make notes then attach around your screen, real high tech

Ofcourse you will get to town and totally forget what your after lol
Lol I know, good idea though, atleast its there as a reminder ^^, I've got some glue and an a4 pad round here somewhere......
  • #435
  • Jul 10, 2012 4:15am Jul 10, 2012 4:15am
Quoting GDR3k
Lol I know, good idea though, atleast its there as a reminder ^^, I've got some glue and an a4 pad round here somewhere......
You'll forget to read it, is the issue.

I know been there tried that LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #436
  • Jul 10, 2012 5:02am Jul 10, 2012 5:02am
Been looking around to find better things to trade if you can trade indexes then check out GER30 looks pretty predictable 120 range today and getting a 1 pip spread via fxcm.

Miss a news move and your pretty much sidelined this needs work!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #437
  • Jul 10, 2012 6:01am Jul 10, 2012 6:01am
AUDUSD price has stalled right on the 50% fib level from the high on july 5th to the low from yesterday.
  • #438
  • Jul 10, 2012 6:07am Jul 10, 2012 6:07am
Quoting GDR3k
AUDUSD price has stalled right on the 50% fib level from the high on july 5th to the low from yesterday.

Been watching and just shorted the same, judging from EU and GU it should sell back nicely.


Got to try hey!!

Previous low at 1.0230 then it should break down, next 23
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #439
  • Edited 7:36am Jul 10, 2012 6:11am | Edited 7:36am
Quoting Turveyd
Been watching and just shorted the same, judging from EU and GU it should sell back nicely.


Got to try hey!!

Previous low at 1.0230 then it should break down, next 23
Yeah I'm in short @ 1.02348
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  • #440
  • Jul 10, 2012 6:13am Jul 10, 2012 6:13am
short usd/chf at 0.97560 stop 20 pips , tp 120 pips
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