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Day Trading for a Living

  • #941
  • Jul 31, 2012 4:18pm Jul 31, 2012 4:18pm
Quoting GDR3k
I'll give it a good go! lol

I've just had a look back, price seems to move between psych levels like normal, I've got a feeling tomorrow will be a down day.
It might do, but it'll be ------------------------------------ GO -------------------------- GO ------------

If you get my drift, for me who's trying to see the turn and get on the turn and ride the momentum it's just plain useless.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #942
  • Jul 31, 2012 4:31pm Jul 31, 2012 4:31pm
Quoting Turveyd
It might do, but it'll be ------------------------------------ GO -------------------------- GO ------------

If you get my drift, for me who's trying to see the turn and get on the turn and ride the momentum it's just plain useless.
Yeah, should be interesting!

On a range day like today, trading the 1minute TF between the psych levels I could of made a killing looking back...I often use the 1m timeframe with my method for an entry, I find it works a treat.

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  • #943
  • Jul 31, 2012 4:33pm Jul 31, 2012 4:33pm
The RSPCA are not to be trifled with. You need to speak to the SHG on 0844 700 6690 or if no answer 079 66 46 99 69

Whatever you do, do not sign anything or give an interview without speaking to a specialist solicitor first.

You need to get a vet in to see you cat in their 'care'. Do not agree to any treatment without obtaining a second opinion.

SHG
http://the-shg.org

RSPCA-Animadversion
http://rspca-animadversion.org.uk

The SHG Blog
http://theshg.wordpress.com

RSPCA Injustice Blog
http://www.rspcainjustice.blogspot.com/

SHG Press releases
http://the-shg.org/SHGPressReleases.htm
  • #944
  • Jul 31, 2012 4:34pm Jul 31, 2012 4:34pm
Quoting GDR3k
Yeah, should be interesting!

On a range day like today, trading the 1minute TF between the psych levels could of made a killing...

Easy to say with hindsight, spread say 3pips area swallows most of your profit, got to wait for it to turn up which costs you a few pips then imperfect entry and your risking 10pips for 5pips of actual profit.

Most reverse live pretty quickly to, you blink and it's 6pips higher same on the flip, wait slightly to long and good profit is gone.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #945
  • Jul 31, 2012 4:39pm Jul 31, 2012 4:39pm
Quoting Turveyd
Easy to say with hindsight, spread say 3pips area swallows most of your profit, got to wait for it to turn up which costs you a few pips then imperfect entry and your risking 10pips for 5pips of actual profit.

Most reverse live pretty quickly to, you blink and it's 6pips higher same on the flip, wait slightly to long and good profit is gone.
Indeed, it looks easy looking back at the charts, the reality is far from it lol I was just pointing out that trading the 1m with psych levels can be very profitable, I netted over 130+ in a day on GU a couple of weeks back doing this
  • #946
  • Jul 31, 2012 4:42pm Jul 31, 2012 4:42pm
Quoting GDR3k
Indeed, it looks easy looking back at the charts, the reality is far from it lol I was just pointing out that trading the 1m with psych levels can be very profitable, I netted over 130+ in a day on GU a couple of weeks back doing this
Cause you've got balls of steel dude, for us mere mortals we 2nd guess it, hesitate then it's all over and to late.

That's the level I'm trying to get to, no CATS no kids no business and no woman would help!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #947
  • Jul 31, 2012 4:45pm Jul 31, 2012 4:45pm
Quoting Turveyd
Cause you've got balls of steel dude, for us mere mortals we 2nd guess it, hesitate then it's all over and to late.

That's the level I'm trying to get to, no CATS no kids no business and no woman would help!
Having no distractions certainly help, the dog just chills at my side most of the day and watches telly lol
  • #948
  • Jul 31, 2012 4:48pm Jul 31, 2012 4:48pm
Quoting GDR3k
Having no distractions certainly help, the dog just chills at my side most of the day and watches telly lol
I had 1 week free, with no distractions some how think people where on holidays and the like, up 25% or something in 1 week, downward ever since, coming in cold and starting from fresh every time.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #949
  • Jul 31, 2012 5:00pm Jul 31, 2012 5:00pm
Yeah I can't have any major distractions while doing this, I don't mind music provided its something I like, with people chirping down your ear all day can't be good for your profits lol
  • #950
  • Jul 31, 2012 5:12pm Jul 31, 2012 5:12pm
Quoting GDR3k
Yeah I can't have any major distractions while doing this, I don't mind music provided its something I like, with people chirping down your ear all day can't be good for your profits lol
Having a life really gets in the way of retiring a millionaire, don't change anything.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #951
  • Jul 31, 2012 5:14pm Jul 31, 2012 5:14pm
Quoting GDR3k
..... I've got a feeling tomorrow will be a down day.
And heres why...

price has also started a new day under the daily pivot also, always a good sign!

Won't be making any trades on AU until london open.
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  • #952
  • Edited 5:29pm Jul 31, 2012 5:17pm | Edited 5:29pm
Quoting Turveyd
Having a life really gets in the way of retiring a millionaire, don't change anything.
Aye!! be a basement dweller for a few years, trade like mad, retire early.....

(or go broke)
  • #953
  • Jul 31, 2012 5:50pm Jul 31, 2012 5:50pm
Quoting GDR3k
Aye!! be a basement dweller for a few years, trade like mad, retire early.....

(or go broke)
go broke LOL already there, so get rich or stay the same for me.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #954
  • Aug 1, 2012 1:17am Aug 1, 2012 1:17am
Quoting GDR3k
Indeed, it looks easy looking back at the charts, the reality is far from it lol I was just pointing out that trading the 1m with psych levels can be very profitable, I netted over 130+ in a day on GU a couple of weeks back doing this
interesting
when will you forward apply that ?
Follow the smart money. Follow the probability.
  • #955
  • Edited 3:21am Aug 1, 2012 3:04am | Edited 3:21am
Quoting Fractal
interesting
when will you forward apply that ?
Once I've done more work on it and figured out more 1m chart reversal patterns, I've found a few W patterns which almost always signal a reversal. Small inside bars work well on the 1m, say if its made an upmove and a tiny bearish inside bar forms right on a psych or pivot level, chances are it'll reverse, from what I've seen. Also only make trades in a certain direction depending if price is above or below the daily pivot, as strange as it sounds, that really helps.

I think on that particular day I was still quite drunk from the night before, so that would be why I entered every opportunity I seen, with some luck aswell.

Just missed a good entry on EU using this 1m method.... the pullback to 1.2325 before carrying on down.....EDIT--or was it? price is above the daily pivot and I'm looking to go short.......stick to yours rules GD......
  • #956
  • Aug 1, 2012 3:43am Aug 1, 2012 3:43am
Long EU......1m timeframe entry, classic W reversal pattern right on the daily pivot/whole number area...

Risk is low, 10 pips from trade open.

edit, SL now at break even @ +14 incase it decides to have another go at the area I entered at, if so I'll re-enter should PA give me a signal.
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  • #957
  • Aug 1, 2012 3:49am Aug 1, 2012 3:49am
Quoting GDR3k
Long EU......1m timeframe entry, classic W reversal pattern right on the daily pivot/whole number area...

Risk is low, 10 pips from trade open.

edit, SL now at break even @ +14 incase it decides to have another go at the area I entered at, if so I'll re-enter should PA give me a signal.
this is cool
Follow the smart money. Follow the probability.
  • #958
  • Aug 1, 2012 3:51am Aug 1, 2012 3:51am
Quoting Fractal
this is cool
It will be if it hits 1.2349
  • #959
  • Aug 1, 2012 3:53am Aug 1, 2012 3:53am
Quoting GDR3k
It will be if it hits 1.2349
i will look for even more
Follow the smart money. Follow the probability.
  • #960
  • Edited 6:40am Aug 1, 2012 3:57am | Edited 6:40am
Quoting Fractal
i will look for even more
For EU to go north, GU will have to break through the 5650 area and AU will have to rocket north out of this price channel its been in for a few weeks, IMO!

Its a free trade so leaving it on.

Edit, I imagine there was alot of buy orders around the area I entered given the whole number and daily pivot are clustered today, so on that I'd expect a good push north...lets see.

Update, TP has been moved to 1.2374 instead of 1.2349

Blah, SL hit at break even by 1 pip.
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