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Day Trading for a Living

  • #441
  • Jul 10, 2012 6:16am Jul 10, 2012 6:16am
Quoting GDR3k
Yeah I'm in short @ 1.02348, SL is 35 pips away, TP is 1.0127, this one is getting left on, theres no more scheduled news for today so it could be a slow grind.

Also trying to hold longer, in at 33.6 SL 44.


Longer term AU's in an uptrend, but risk to reward is 4:1 easy for me so what the hell.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #442
  • Jul 10, 2012 6:27am Jul 10, 2012 6:27am
Quoting Turveyd
Also trying to hold longer, in at 33.6 SL 44.


Longer term AU's in an uptrend, but risk to reward is 4:1 easy for me so what the hell.
Indeed, however looking at the fib from the low of june 25th to the high of july 5th, the price went down and bounced off just above the 50% fib, went up and stalled at the 23.6%, which is the 50% fib if you're a plotting downward fib in the chart I posted above ^^ that was another reason why I've shorted.

Who knows, this could be the start of a pretty decent downmove, that would be jolly nice.

Let see what happens...

  • #443
  • Jul 10, 2012 6:38am Jul 10, 2012 6:38am
Quoting GDR3k
Indeed, however looking at the fib from the low of june 25th to the high of july 5th, the price went down and bounced off just above the 50% fib, went up and stalled at the 23.6%, which is the 50% fib if you're a plotting downward fib in the chart I posted above ^^ that was another reason why I've shorted.

Who knows, this could be the start of a pretty decent downmove, that would be jolly nice.

Let see what happens...


EU just found a base and is trying to head higher.

GU also

This will sadly drag AU up a tad as we are seeing.

And EU and GU reversed off there highs to fast, no way to pick the highs safely.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #444
  • Jul 10, 2012 6:44am Jul 10, 2012 6:44am
I'm liking GER30 Short also SL @15, but got to get out in 20mins give a mate a lift so not willing to leave it un attended.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #445
  • Jul 10, 2012 6:50am Jul 10, 2012 6:50am
Quoting Turveyd
I'm liking GER30 Short also SL @15, but got to get out in 20mins give a mate a lift so not willing to leave it un attended.
Is that the DAX? it does look like a good short opportunity, support turned to resistance
  • #446
  • Jul 10, 2012 6:52am Jul 10, 2012 6:52am
Quoting GDR3k
Is that the DAX? it does look like a good short opportunity, support turned to resistance
Must be, if you want hedge the shorts Gold is showing support here and atleast that is with the days trend!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #447
  • Jul 10, 2012 6:58am Jul 10, 2012 6:58am
I'm out +5, sitting on a uptrend MA for me, and I've got to go out but +5 makes me vaguely happy LOL


Laters

No big news atleast today!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #448
  • Jul 10, 2012 7:04am Jul 10, 2012 7:04am
There is a financial summit meeting going on and there could be any kind of disturbance out of that today.

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......
If you are in the habit of using Microsoft Outlook for email then you can use the calendar to enter reminders about news releases and anything else. You can set the reminder for pretty much any time distance before the event happens, and it will stick up reminders for things that may have passed but which you have not yet acknowledged. This allows you to enter your trading strategy thoughts a day before, and receive a reminder next day.

....of course you have to remember to open Outlook
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #449
  • Jul 10, 2012 7:10am Jul 10, 2012 7:10am
Quoting Turveyd
EU just found a base and is trying to head higher.

GU also

This will sadly drag AU up a tad as we are seeing.

And EU and GU reversed off there highs to fast, no way to pick the highs safely.
...per my post #425 EU is heading south.
I forgot to say you should short at ~12:30.
It will be back later, other disturbances permitting.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #450
  • Jul 10, 2012 7:17am Jul 10, 2012 7:17am
Quoting Exodus
There is a financial summit meeting going on and there could be any kind of disturbance out of that today.


If you are in the habit of using Microsoft Outlook for email then you can use the calendar to enter reminders about news releases and anything else. You can set the reminder for pretty much any time distance before the event happens, and it will stick up reminders for things that may have passed but which you have not yet acknowledged. This allows you to enter your trading strategy thoughts a day before, and receive a reminder next day.

....of...
Cheers I'm fine after a strong coffee, and today I had ran out!
  • #451
  • Jul 10, 2012 7:36am Jul 10, 2012 7:36am
Quoting GDR3k
Yeah I'm in short @ 1.02348
Closed @ 1.0212 for +24 right on what seems like obvious support and gbpusd / eurusd have stalled at their respective areas, whole and quarter numbers, so getting out.
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  • #452
  • Jul 10, 2012 7:45am Jul 10, 2012 7:45am
Bad time to give a lift, cost me dear, Gold, GER and AU all worked nicely

WOMAN!!

Got 1 hour till kids pickup lets gets some!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #453
  • Jul 10, 2012 7:47am Jul 10, 2012 7:47am
Quoting GDR3k
Closed @ 1.0212 for +24 right on what seems like obvious support and gbpusd / eurusd have stalled at their respective areas, whole and quarter numbers, so getting out.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #454
  • Jul 10, 2012 7:51am Jul 10, 2012 7:51am
EURUSD long @ 1.2275 on a hunch, price dropped and made a new low for today and stalled right on a psych level, maybe stops have been triggered? if they have = volatility, risk is very low, only 10% of what I made on at audusd short.
  • #455
  • Jul 10, 2012 7:58am Jul 10, 2012 7:58am
Quoting GDR3k
EURUSD long @ 1.2275 on a hunch, price dropped and made a new low for today and stalled right on a psych level, maybe stops have been triggered? if they have = volatility, risk is very low, only 10% of what I made on at audusd short.
Got to stay with current trend, I'm short here.

That and I've noticed your big trades pretty much always profit and your little trades generally fail

Short @77 SL 89 will look to short another if it hits 83 area.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #456
  • Edited 8:24am Jul 10, 2012 8:03am | Edited 8:24am
Quoting Turveyd
Got to stay with current trend, I'm short here.

That and I've noticed your big trades pretty much always profit and your little trades generally fail

Short @77 SL 89 will look to short another if it hits 83 area.
I know lol I've just closed that eurusd long for 5 pips profit, if it makes a double bottom I may look to get in long again, I prefer to make one solid trade a day using the normal lot size and go for about 20 pips or so or how ever many pips it is from where I enter the trade down/up to the next level, this one generally is a winner statistically, after that I risk very little, really though I should just take my pips on that main trade and call it a day. Its probably old faithful Greed trying to make an appearance.
  • #457
  • Jul 10, 2012 8:07am Jul 10, 2012 8:07am
Quoting GDR3k
I know lol I've just closed that eurusd long for 5 pips profit, if it makes a double bottom I may look to get in long again
Noooo I wanted to make some good scratch on this, it'll go up now

Lower low is my gamble so 50 area hopefully.


Win or lose, atleast I'm trading with the flow finally.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #458
  • Jul 10, 2012 8:16am Jul 10, 2012 8:16am
Quoting Turveyd
Noooo I wanted to make some good scratch on this, it'll go up now

Lower low is my gamble so 50 area hopefully.


Win or lose, atleast I'm trading with the flow finally.
I've found lower lows/higher highs to be good traps, especially like today if it makes a new low for the day but not a new low for the overall bigger downmove, hence why I got in long where I did.

I think the way its going, we may see 1.2297 - 1.23 and then a bounce down, or 1.2350+ by end of play today!
  • #459
  • Jul 10, 2012 8:21am Jul 10, 2012 8:21am
Quoting GDR3k
I've found lower lows/higher highs to be good traps, especially like today if it makes a new low for the day but not a new low for the overall bigger downmove, hence why I got in long where I did.

I think the way its going, we may see 1.2297 - 1.23

Bad time going into US Open, buyers into I guess, loosened the SL a tad and added a 2nd position.


Find out soon!!

That was over quickly, -18 and -11 ouch comes to mind!!

Watch it reverse back down!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #460
  • Jul 10, 2012 8:32am Jul 10, 2012 8:32am
Quoting Turveyd
Bad time going into US Open, buyers into I guess, loosened the SL a tad and added a 2nd position.


Find out soon!!

That was over quickly, -18 and -11 ouch comes to mind!!

Watch it reverse back down!!
Should of left that long on, would of got me a nice 20+ pip move there, if it fails to break through this whole number/daily pivot area now I'll be getting in short.

Good job I closed that audusd short aswell, it reversed massively!

edit, hmm eurusd, gbpusd & audusd look like they're ready to drop, lets see......
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