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Day Trading for a Living

  • #681
  • Jul 18, 2012 4:09am Jul 18, 2012 4:09am
EU short 1.22835, 15m inverted hammer right on resistance, SL has just been moved to break even and currently +12 up, free trade...

Closed +20 just under the daily pivot, scalped! thats yesterdays loss made back.
  • #682
  • Jul 18, 2012 4:29am Jul 18, 2012 4:29am
Quoting GDR3k
EU short 1.22835, 15m inverted hammer right on resistance, SL has just been moved to break even and currently +12 up, free trade...

Closed +20 just under the daily pivot, scalped! thats yesterdays loss made back.
He's back! Nice slow turn over there and be happy with what you got.

Dax bounced off my MA not hugely back in the same, i guess play the downtrend on eu and GU today.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #683
  • Jul 18, 2012 4:33am Jul 18, 2012 4:33am
Quoting Turveyd
He's back! Nice slow turn over there and be happy with what you got.

Dax bounced off my MA not hugely back in the same, i guess play the downtrend on eu and GU today.
Yah, I'd set the TP at 1.2251 and thats just been hit, but I closed early, typical! don't know whats going on recently!
  • #684
  • Jul 18, 2012 4:40am Jul 18, 2012 4:40am
Quoting GDR3k
Yah, I'd set the TP at 1.2251 and thats just been hit, but I closed early, typical! don't know whats going on recently!
did you used to walk away from the trade and come back later to see ??

Be happy, I've lost the confidence to place a trade so your better off than me


Back in soon though!! must engage.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #685
  • Jul 18, 2012 5:04am Jul 18, 2012 5:04am
Yeah now theres nothing on tv so.im sat at the pc lol im blaming the bbc.
  • #686
  • Jul 18, 2012 5:12am Jul 18, 2012 5:12am
Quoting GDR3k
Yeah now theres nothing on tv so.im sat at the pc lol im blaming the bbc.
I download new stuff from the yanks to watch but there isn't much over the summer period.

DAX and DOW are barely moving, better get some work done I guess
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #687
  • Edited 5:57am Jul 18, 2012 5:44am | Edited 5:57am
DAX Short, 6592 SL 6603 we shall see.

No clear direction, assume it'll follow other markets down and was running into sellers here, ofcourse maybe not.

*Edit, hold for BIG trend down day possibility or take a confidence building but otherwise futile few pips of scalp, hmmm!!

I'm weak this is just chop +10. And we'll score it later as to smart or STUPID exit, odds on STUPID.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #688
  • Jul 18, 2012 6:01am Jul 18, 2012 6:01am
Nice, il be trading from 1 onwards....fx in the morning and add the dow in the afternoon
  • #689
  • Jul 18, 2012 6:03am Jul 18, 2012 6:03am
Quoting GDR3k
Nice, il be trading from 1 onwards....fx in the morning and add the dow in the afternoon
DAX just broke down to lower, not much, it's to slow.

Plan to stay in and work / watch same time, attempt to multitask this will fail LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #690
  • Jul 18, 2012 6:10am Jul 18, 2012 6:10am
The dax looks good for scalping about 10 pips at a time as it moves from each psych level, but going with the intraday trend helps aswell as keeping an eye on the 4hr and above for s/r areas, been paper trading entrys on it for the past week with good success, its tempting...
  • #691
  • Jul 18, 2012 6:17am Jul 18, 2012 6:17am
Quoting GDR3k
The dax looks good for scalping about 10 pips at a time as it moves from each psych level, but going with the intraday trend helps aswell as keeping an eye on the 4hr and above for s/r areas, been paper trading entrys on it for the past week with good success, its tempting...

It's very directional to me, check out my chart, skipping off the 1000ema all am, I should of been playing them.

Then with the down arrow, there where I shorted, running into my MA and selling of from them.

My method works well, the issue is, I at times don't actually use it or worse still bet against it, then I'm DOOMED!!
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Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #692
  • Jul 18, 2012 6:41am Jul 18, 2012 6:41am
News 1:30 the 3:00 expect like yesterday nothing till the Fed speaks!!!


Although never expect anything in this game!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #693
  • Edited 7:07am Jul 18, 2012 7:06am | Edited 7:07am
Quoting Turveyd
It's very directional to me, check out my chart, skipping off the 1000ema all am, I should of been playing them.

Then with the down arrow, there where I shorted, running into my MA and selling of from them.

My method works well, the issue is, I at times don't actually use it or worse still bet against it, then I'm DOOMED!!
Its frustrating when you don't stick to your method! dax looks like its in a good area to short
  • #694
  • Jul 18, 2012 7:33am Jul 18, 2012 7:33am
Quoting GDR3k
Its frustrating when you don't stick to your method! dax looks like its in a good area to short
Especially after years of doing it.

No point making any decisions, news will come the buyers and sellers will all change there mind and the trend will change.

IF your SL's hit tight on big news spikes then, it's worth a gamble, risk 15 say in the hope of getting 50, entirely 50/50.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #695
  • Jul 18, 2012 7:51am Jul 18, 2012 7:51am
No real reaction, stuck in a tight range to Fed guy speaks.

EJ and EU double bottom, might be worth a shot on a turn up ?? we'll see, monitoring them, no hurry!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #696
  • Jul 18, 2012 7:56am Jul 18, 2012 7:56am
Quoting Turveyd
No real reaction, stuck in a tight range to Fed guy speaks.

EJ and EU double bottom, might be worth a shot on a turn up ?? we'll see, monitoring them, no hurry!!
PA is telling me EU should drop, the last swing high (1hr charts) it made didn't break above the previous swing high and on the 4hr it made a nice double top and is currently on its way down I never try to fight the bigger TF, always lose lol
  • #697
  • Jul 18, 2012 8:00am Jul 18, 2012 8:00am
Quoting GDR3k
PA is telling me EU should drop, the last swing high (1hr charts) it made didn't break above the previous swing high and on the 4hr it made a nice double top and is currently on its way down I never try to fight the bigger TF, always lose lol
Definately still Downtrend, EJ ran into a downtrend MA failed and reversed, when it takes it out then finds support and turns up then it's game on.

Then watch to see if it'll break through my other MA's.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #698
  • Edited 8:39am Jul 18, 2012 8:27am | Edited 8:39am
EJ started to run, switched to EU which was delayed, had it all setup and wussed the entry be +20 or close here!!

I like it when the 1 starts to move before the other, 99% sure the other will follow.

She flew to, coulda done it risking 8pips maybe

23mins to Fed so all is on hold.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #699
  • Jul 18, 2012 9:51am Jul 18, 2012 9:51am
GU long figuring its got a bounce higher, failing to turn up so far.

SL hit -8
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #700
  • Edited 11:15am Jul 18, 2012 10:19am | Edited 11:15am
Quoting Turveyd
GU long figuring its got a bounce higher, failing to turn up so far.

SL hit -8
I'm long GU @ 1.56299 just above the daily pivot & quarter number. TP 5674, SL now at trade open @ +13... R:R 1:2

This could be short and violent....

I've put a note on my screen now, don't close trades early!
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