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Day Trading for a Living

  • #841
  • Jul 27, 2012 7:14am Jul 27, 2012 7:14am
Be +20 annoyed LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #842
  • Jul 27, 2012 7:14am Jul 27, 2012 7:14am
Quoting Turveyd
My account is so small, when head is sorted back out, I've got to put the time in initially so I can compound and up the lot sizes then in time I'll scale back the trading time spent to.


More time, on a beach or a mountain or a blonde
Looks like that GU trade would of gone in your favour aswell!! US open is so unpredictable thats why I prefer to trade London morning only.

If EU can't break through the 2325 area, expect it to drop big, 1.21!
  • #843
  • Jul 27, 2012 7:19am Jul 27, 2012 7:19am
Quoting GDR3k
2325 area is some stubborn resistance
TP @ 2320
+76

Follow the smart money. Follow the probability.
  • #844
  • Jul 27, 2012 7:21am Jul 27, 2012 7:21am
Quoting GDR3k
Looks like that GU trade would of gone in your favour aswell!! US open is so unpredictable thats why I prefer to trade London morning only.
Them be the breaks, odds are it would continued down and down and ripped a big hole in my account, so best to be safe and protect what $$'s I've got.


First up turn went 5pips and stalled, shoulda took the +5.

Second up turn I didn't take went 20+ pips typical.

EU trade at the same time would be +35 area to.

Potential is huge, but I don't believe in Luck and Luck hates me for this.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #845
  • Jul 27, 2012 7:21am Jul 27, 2012 7:21am
Quoting Fractal
TP @ 2320
+76

Awesome
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #846
  • Jul 27, 2012 7:25am Jul 27, 2012 7:25am
Quoting Fractal
TP @ 2320
+76

Good job, trade from the daily pivot everyday and expect similar results, day in day out

...but don't tell anyone that.
  • #847
  • Jul 27, 2012 7:56am Jul 27, 2012 7:56am
Quoting GDR3k
Good job, trade from the daily pivot everyday and expect similar results, day in day out

...but don't tell anyone that.
Agreed, pivot and psy levels are objective good friends.

Follow the smart money. Follow the probability.
  • #848
  • Jul 27, 2012 8:07am Jul 27, 2012 8:07am
Quoting Fractal
Agreed, pivot and psy levels are objective good friends.

All my testing on pivot points has pointed to them being worthless and traps for retail to lose with.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #849
  • Jul 27, 2012 8:27am Jul 27, 2012 8:27am
I find them good areas to take profit at, but quite unpredictable to enter trades with
  • #850
  • Jul 27, 2012 8:34am Jul 27, 2012 8:34am
Quoting Turveyd
All my testing on pivot points has pointed to them being worthless and traps for retail to lose with.
I think we also need HTF and price action to help.
But the key may be SL small and TP large large.
Levels can fail, but if it right, we want it give 50%-100% profit

Fractal
Follow the smart money. Follow the probability.
  • #851
  • Jul 27, 2012 8:54am Jul 27, 2012 8:54am
Seems your original TP of 2344 would of been hit afterall
  • #852
  • Jul 27, 2012 9:19am Jul 27, 2012 9:19am
First and foremost I would like to beg your pardon since I only knew a little about trading and thus I join this community to help me through and somehow can get something valued information about trading and eventually hare my ideas on it.
  • #853
  • Jul 27, 2012 11:07am Jul 27, 2012 11:07am
Quoting Fractal
I think we also need HTF and price action to help.
But the key may be SL small and TP large large.
Levels can fail, but if it right, we want it give 50%-100% profit

Fractal
Ive got to focus on the dax more the 1 pip spread and good movement make for really good risk to reward ratios.

Heading home to see if there is any action into the close, definate cant be arsed day / week.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #854
  • Edited 1:06pm Jul 27, 2012 12:41pm | Edited 1:06pm
Quoting Turveyd
Ive got to focus on the dax more the 1 pip spread and good movement make for really good risk to reward ratios.

Heading home to see if there is any action into the close, definate cant be arsed day / week.
Any luck? There was a nice 50 pip upmove from nothing there on AU, from 0425 -> 0475

EU there aswell, dropped 75+ in 35 minutes, madness
  • #855
  • Jul 27, 2012 2:22pm Jul 27, 2012 2:22pm
Quoting GDR3k
Any luck? There was a nice 50 pip upmove from nothing there on AU, from 0425 -> 0475

EU there aswell, dropped 75+ in 35 minutes, madness

Nah I watched for a bit flat as lost interest and had a little sleep just woke up 100 pip move on dax, uptrend was holding then pow


Need to solve lack of interest I hate hot weather!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #856
  • Jul 27, 2012 3:49pm Jul 27, 2012 3:49pm
Quoting Turveyd
Nah I watched for a bit flat as lost interest and had a little sleep just woke up 100 pip move on dax, uptrend was holding then pow


Need to solve lack of interest I hate hot weather!
I had a bit of a sleep before, was a very late night and was up around half 5, just been the chinese got some lavly salt & pepper chicken, time for some music and unwind before the weekends madness!
  • #857
  • Jul 27, 2012 4:01pm Jul 27, 2012 4:01pm
Quoting GDR3k
I had a bit of a sleep before, was a very late night and was up around half 5, just been the chinese got some lavly salt & pepper chicken, time for some music and unwind before the weekends madness!
Stalking for your 1 setup from 5:30am pretty impressive.

I only had 6hours of sleep not enough for me and can't take the recent heat.

Market start trading and move well for my method from 7am at times, DAX starts at 7am also, need to start catching the 7am - 11am strong market times then 12:30 - 4pm then 6 - 9pm I guess.

Time to step it up as work is dropping off hugely and I'm fed up of being poor.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #858
  • Jul 27, 2012 4:12pm Jul 27, 2012 4:12pm
Quoting Turveyd
Stalking for your 1 setup from 5:30am pretty impressive.

I only had 6hours of sleep not enough for me and can't take the recent heat.

Market start trading and move well for my method from 7am at times, DAX starts at 7am also, need to start catching the 7am - 11am strong market times then 12:30 - 4pm then 6 - 9pm I guess.

Time to step it up as work is dropping off hugely and I'm fed up of being poor.
Yeah I was just waiting for the pullback to the daily pivot mainly so was watching breakfast news all morning and playing with some new DJ equipment I recently got lol 6 hours sleep is a godsend, if I sleep longer than that I'm tired all day, with me, less is better, weird!
  • #859
  • Jul 27, 2012 4:16pm Jul 27, 2012 4:16pm
Quoting Turveyd
Stalking for your 1 setup from 5:30am pretty impressive.

I only had 6hours of sleep not enough for me and can't take the recent heat.

Market start trading and move well for my method from 7am at times, DAX starts at 7am also, need to start catching the 7am - 11am strong market times then 12:30 - 4pm then 6 - 9pm I guess.

Time to step it up as work is dropping off hugely and I'm fed up of being poor.
Try putting the daily pivot on your charts and still trade using your method, see how that fairs up and only trade long if the price is above the pivot or short if the price is under it, with the 1m like you use I reckon you'd make a killing if you traded the pullbacks and only traded in the direction of where the price was relative to the pivot. I find if the price is above it, the movements north are bigger, and vice versa

  • #860
  • Jul 27, 2012 4:28pm Jul 27, 2012 4:28pm
Quoting GDR3k
Try putting the daily pivot on your charts and still trade using your method, see how that fairs up and only trade long if the price is above the pivot or short if the price is under it, with the 1m like you use I reckon you'd make a killing if you traded the pullbacks and only traded in the direction of where the price was relative to the pivot. I find if the price is above it, the movements north are bigger, and vice versa


Where is your pivot indicator I'll have a look at it, see if its got any merit or you just got lucky LOL

Tweaked method a bit to run with faster directions so it's less laggy it's calling it very well, the issue is I'm not using it, only 2 trades I think all week useless.

If trade #1 is a nice profitable trade then I'm more likely to keep playing and then do okay, if trade #1 fails even if only small, then I pretty much wuss it all day.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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