Day Trading for a Living | Page 41 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Living in China, trading for a living 18 replies

Forex Trading for a living... anyone? 143 replies

Trading for a Living 29 replies

Trading for a living 10 replies

Book Wanted: Trading For A Living 43 replies

Attachments: Day Trading for a Living
Exit Attachments

Day Trading for a Living

  • #801
  • Jul 25, 2012 2:20am Jul 25, 2012 2:20am
Quoting Nexas
Not a bad day today. Sold the pivot twice. Stopped out once and banked on the second.

I like the conversation about one trade a day but is it not better to just trade every great setup.

Otherwise you could miss the really great days!
I agree, however statistically going off my personal trading, the first trade of the day is almost always a winner as I tend to wait for that 'perfect' entry. As I said I'm going to make no more than 2 trades per day now but more than likely it'd just be the one if its profitable.

65 pip spike on london open there, whats going on?
  • #802
  • Edited 3:40am Jul 25, 2012 2:29am | Edited 3:40am
Quoting Turveyd
As long as you can cope with the boredom of waiting for that 1 perfect you can't lose setup and after that's done cope with nothing else to do for the rest of the day.
Aye, I don't mind doing that as I'll keep myself occupied, got plenty of dvd box sets I've still not watched yet

Markets are crazy this morning, loads of news out. £ looks like its gonna nosedive into hell after those GDP figures, saying that though, the 5475 or 5450 areas would be good places to go long, should PA change.
  • #803
  • Jul 25, 2012 5:12am Jul 25, 2012 5:12am
AUDUSD short @ 1.02705, price made a bearish inside bar right on a psych level after touching a daily resistance pivot. TP is 1.0225
Attached Image (click to enlarge)
Click to Enlarge Name: 88888.jpg Size: 120 KB
  • #804
  • Jul 25, 2012 6:58am Jul 25, 2012 6:58am
Over slept, I was up all night strategising and got to get to a client taking the Note in the hope I get a good hour or 2 to make some funds though.


My method on all charts, is working pretty much perfectly, it's a trend day so it will, how much it gives back when I wrongly use it on chop days is the issue, should be okay.


Laters, AUDUSD holding it's uptrend nicely, did look like it ran into major sellers near at the high though, some wild action.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #805
  • Jul 25, 2012 9:40am Jul 25, 2012 9:40am
Turned down nicely you lucky git
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #806
  • Edited 10:29am Jul 25, 2012 9:45am | Edited 10:29am
lol I got hit at my SL earlier, currently short from 1.2149 on EU, sl is at break even.

Closed for +30
  • #807
  • Jul 25, 2012 10:05am Jul 25, 2012 10:05am
At 7:10 Pacific trend changed to down on intraday charts for euro...so looking to trade down..will see...can change at any time...
  • #808
  • Jul 25, 2012 10:39am Jul 25, 2012 10:39am
Quoting GDR3k
lol I got hit at my SL earlier, currently short from 1.2149 on EU, sl is at break even.

Closed for +30
Dratts that suck no trades so far to damn hot.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #809
  • Jul 25, 2012 1:50pm Jul 25, 2012 1:50pm
Based on pullbacks we had 4 great trades overnight and one bad so far USA session...got to get to sleep today somehow...
  • #810
  • Edited 2:51pm Jul 25, 2012 2:21pm | Edited 2:51pm
Quoting Turveyd
Dratts that suck no trades so far to damn hot.
Tell me about it!! its cloudy up here but its hot and humid, I'm sat here in my underpants with the fan blowing, literally lol

I've been going over my modified method most of the day on each of the timeframes and found the 30m to be the most accurate and produce the best results and its alot easier to see how the price moves between psych areas on this tf...thats why I've not been on here much, been perfecting this to give me better results
  • #811
  • Jul 26, 2012 1:43am Jul 26, 2012 1:43am
Quoting GDR3k
I agree, however statistically going off my personal trading, the first trade of the day is almost always a winner as I tend to wait for that 'perfect' entry. As I said I'm going to make no more than 2 trades per day now but more than likely it'd just be the one if its profitable.

65 pip spike on london open there, whats going on?
One successful trade may give the profit for a month.
I plan to hold on all the good position
small loss, big big win. It's my aim.

Fractal
Follow the smart money. Follow the probability.
  • #812
  • Edited 5:13am Jul 26, 2012 3:11am | Edited 5:13am
Short EU, price stalled at a half number area on the 30m TF which has proved to be good resistance previously, TP 2077

SL is now at break even due to the fact the daily pivot is below and right on a psych level which has also been good support, hoping it breaks through. Let see..

This method I've sort of perfected now, seems to be working, nailed 20 pips on AU last night while sleeping from 3220 -> 3000 after the nice inverted hammer right on a psych level.

Draghi is speaking in an hour, anyone ever watch him get hounded at EU conferences by Nigel Farage? lol its quite amusing because he speaks the truth yet none of them want to hear it.

Stopped at BE
Attached Image (click to enlarge)
Click to Enlarge Name: FXFACTORY.jpg Size: 183 KB
  • #813
  • Jul 26, 2012 3:20am Jul 26, 2012 3:20am
Quoting Fractal
One successful trade may give the profit for a month.
I plan to hold on all the good position
small loss, big big win. It's my aim.

Fractal

I'm after, big profit small loss to, relatively ofcourse 2-3x's SL would be ideal.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #814
  • Jul 26, 2012 11:29am Jul 26, 2012 11:29am
Quoting GDR3k
Short EU, price stalled at a half number area on the 30m TF which has proved to be good resistance previously, TP 2077

SL is now at break even due to the fact the daily pivot is below and right on a psych level which has also been good support, hoping it breaks through. Let see..


Stopped at BE
Hope you all longs were able to cancel the TP in time.
As for me I was wondering what the mix of signals could have been to go long before today's rally .
For instance, what about that hammer that found support on a 0.382 FB (on my H4)?

P.S. Great thread, I regret I have discovered it only yesterday.
  • #815
  • Jul 26, 2012 11:45am Jul 26, 2012 11:45am
Its getting beyond a joke now, I go out for the day and miss a day like this. Would of traded that 200+ pip move from the daily pivot on GU aswell, blah.
  • #816
  • Jul 26, 2012 1:38pm Jul 26, 2012 1:38pm
Quoting GDR3k
Its getting beyond a joke now, I go out for the day and miss a day like this. Would of traded that 200+ pip move from the daily pivot on GU aswell, blah.
I hadn't spotted the 200pip GU rally today, I'm around tomorrow so it'll be flat as.

Dratted Kids, water park today no way I was going to risk the Note to make $4 LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #817
  • Jul 26, 2012 1:41pm Jul 26, 2012 1:41pm
Ohhh just remembered, no point trying to trade until September anyway the markets are DEAD as all August due to holidays and the like

Make it while you can, 3 working days might get all of next week then slowwww!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #818
  • Jul 26, 2012 3:27pm Jul 26, 2012 3:27pm
And the Olympics getting in the way to, every bugger in the world watching it
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #819
  • Edited Jul 27, 2012 12:01am Jul 26, 2012 11:45pm | Edited Jul 27, 2012 12:01am
Quoting Turveyd
And the Olympics getting in the way to, every bugger in the world watching it
Everyone except me, hardly watch telly, just record things and watch them later, usually documentarys
  • #820
  • Jul 27, 2012 4:15am Jul 27, 2012 4:15am
Quoting GDR3k
Everyone except me, hardly watch telly, just record things and watch them later, usually documentarys
I just DL stuff, normally SciFi or Action or Comedy, I'm not that old I have to watch documentarys.

I'm seeing where I should enter with the direction today ( only time all week to watch live charts ) but second guessing it, coulda take 80pips of Dax already

CLOSE!!!

Any today yet ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
0 traders viewing now