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Day Trading for a Living

  • #961
  • Aug 1, 2012 8:01am Aug 1, 2012 8:01am
Quoting GDR3k
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.
mkt is hard to predict.
I see EU still has chance to buy at pivot though I missed that.
EU may jump up in the new york session.
Follow the smart money. Follow the probability.
  • #962
  • Aug 1, 2012 8:08am Aug 1, 2012 8:08am
Quoting Fractal
mkt is hard to predict.
I see EU still has chance to buy at pivot though I missed that.
EU may jump up in the new york session.
Entered long and just closed for +10 pips on this

Its certainly undecided today with the pivot providing some decent support.
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  • #963
  • Aug 1, 2012 8:11am Aug 1, 2012 8:11am
Quoting GDR3k
Entered long and just closed for +10 pips on this

Its certainly undecided today with the pivot providing some decent support.
smart 10 pips for this large SL
Follow the smart money. Follow the probability.
  • #964
  • Aug 1, 2012 8:13am Aug 1, 2012 8:13am
Quoting Fractal
smart 10 pips for this large SL
I was gonna leave it on but given how unpredicable it is today, closed and staying out until it shows some decent direction.
  • #965
  • Aug 1, 2012 8:34am Aug 1, 2012 8:34am
Small moves so scalps only no real direction yep its the summer.


Usa has jus opened so we shall see soon.


Gu tanking
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #966
  • Aug 1, 2012 8:43am Aug 1, 2012 8:43am
All usd pairs are tanking and eu is strong odd goings on.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #967
  • Aug 1, 2012 8:49am Aug 1, 2012 8:49am
AU stalled at daily pivot, may go north....

....news out for US in 10 mins.
  • #968
  • Aug 1, 2012 8:53am Aug 1, 2012 8:53am
Quoting GDR3k
AU stalled at daily pivot, may go north....

....news out for US in 10 mins.
News out at 3 explains lack of action.

Watching au already
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #969
  • Aug 1, 2012 8:55am Aug 1, 2012 8:55am
Quoting Turveyd
News out at 3 explains lack of action.

Watching au already
I'd of gone long on AU if there wasn't news out very soon, given that lovely inside bar right on the pivot on 5m timeframe.
  • #970
  • Aug 1, 2012 9:04am Aug 1, 2012 9:04am
Quoting GDR3k
I'd of gone long on AU if there wasn't news out very soon, given that lovely inside bar right on the pivot on 5m timeframe.
And on that note...

Only because the price was hovering above the daily pivot have I taken this trade along with the shite news from the US, risk is very low as it could go either way.
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  • #971
  • Aug 1, 2012 9:10am Aug 1, 2012 9:10am
Quoting GDR3k
And on that note...

Only because the price was hovering above the daily pivot have I taken this trade along with the shite news from the US, risk is very low as it could go either way.
Coulda had some hey.

Tricky today poor action does give much confidence R:R wise.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #972
  • Aug 1, 2012 9:13am Aug 1, 2012 9:13am
Quoting GDR3k
And on that note...

Only because the price was hovering above the daily pivot have I taken this trade along with the shite news from the US, risk is very low as it could go either way.
Closed for +7, other pairs look like they're gonna drop, sooo...
  • #973
  • Aug 1, 2012 9:15am Aug 1, 2012 9:15am
Quoting GDR3k
Closed for +7, other pairs look like they're gonna drop, sooo...
News Digested looks like we will be playing shorts from here
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #974
  • Aug 1, 2012 10:13am Aug 1, 2012 10:13am
Small supply area on the 1m TF, my bet is south, short @ 1.22987

Stop is tight. Risk is very low as the pivot is proving to be some tough support.

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  • #975
  • Aug 1, 2012 10:22am Aug 1, 2012 10:22am
To damn slow and nasty hibernate for the summer everyone else i guess


will try on returning home
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #976
  • Aug 1, 2012 12:49pm Aug 1, 2012 12:49pm
Here is my take, movng between the Pivot and the 1000ema nicely.


But ofcourse that's only worth say 7pips - 2.5pip spread = 4.5


Flat line, then a fast move on breaking via my method.


August SUCKS!! as does December!! don't plan to have to make money on either.

GU is quite a nice chart today, coulda kept playing shorts as it developed a downtrend, but turned up and doing nicely long on pull backs in theory.

DAX and DOW are random, EJ doesn't look to bad, aU looks nice but the those big swings are really small pip wise.

Gold had all the action today, broke the daily pivot and 170pip move down perfect to my method, chart included.

Screw it, going to walk to the gym and back and work on my mid range vision
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Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #977
  • Edited 1:43pm Aug 1, 2012 1:20pm | Edited 1:43pm
Quoting GDR3k
Small supply area on the 1m TF, my bet is south, short @ 1.22987

Stop is tight. Risk is very low as the pivot is proving to be some tough support.

Tp hit, 1.2258 cheers FOMC!

+57 for the day.
  • #978
  • Aug 1, 2012 3:17pm Aug 1, 2012 3:17pm
Quoting GDR3k
Tp hit, 1.2258 cheers FOMC!

+57 for the day.
Awesome especially in this market!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #979
  • Aug 1, 2012 3:42pm Aug 1, 2012 3:42pm
Quoting Turveyd
Awesome especially in this market!
Yeah dude, nailed it, traded on the 1m timeframe mainly today aswell, happy days, same again tmorro hopefully!!

The pivot works a charm most days aswell as your finding out
  • #980
  • Aug 1, 2012 3:55pm Aug 1, 2012 3:55pm
Quoting GDR3k
Yeah dude, nailed it, traded on the 1m timeframe mainly today aswell, happy days, same again tmorro hopefully!!

The pivot works a charm most days aswell as your finding out
Awesome no trades for me today was in
Meetings all day though.

It didnt when i tested it 5 years back i swear although mainly sticking to my momentum based method pivot and S/R need to be built into it to.

On the plus side limited work september so i can focus on trading lol
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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