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Day Trading for a Living

  • #981
  • Aug 1, 2012 11:56pm Aug 1, 2012 11:56pm
Quoting Turveyd
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...
Looks like the 1000ema is respected well on the 1m TF, should just sell at that once a bear candle appears, or long if above it and a bull candle appears and scalp like mad
  • #982
  • Edited 4:01am Aug 2, 2012 1:33am | Edited 4:01am
EU short.

TP 1.2526

SL hit -12
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  • #983
  • Aug 2, 2012 3:27am Aug 2, 2012 3:27am
GU showed some resistance at the daily pivot. Short at 1.5538 right after the MACD cross on the M15. SL at 1.5550 (then moved at BE). TP at 1.5525.
SL hit right afte the news. I took a chance!
  • #984
  • Aug 2, 2012 3:28am Aug 2, 2012 3:28am
Quoting GDR3k
Looks like the 1000ema is respected well on the 1m TF, should just sell at that once a bear candle appears, or long if above it and a bull candle appears and scalp like mad
Only recently added the 1000 again, doesn't always work ofcourse but learning to cope with that slowly, added in the 500 and 1500 aswell all respected well with how to use logic.

Removed some of the faster ones to keep it simple to.


Scalping like mad, is the plan!!

Kids today, so Note useage time if they don't need 100% attention LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #985
  • Edited 7:13am Aug 2, 2012 6:58am | Edited 7:13am
Always more sh#te to come! Cat has maggots having an operation 50/50 and £260 bad time for cats or what.


Trading is up hows the day feeling need to start making some proper money!


Edit cats fine £250 ouch need 400 pips to pay for it lol
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #986
  • Aug 2, 2012 7:46am Aug 2, 2012 7:46am
Run up before news equals classic pump and dump some huge pip movement not utilised.

Gdr pls tell me you got eu off the dp ?
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #987
  • Aug 2, 2012 7:50am Aug 2, 2012 7:50am
Quoting Turveyd
Always more sh#te to come! Cat has maggots having an operation 50/50 and £260 bad time for cats or what.


Trading is up hows the day feeling need to start making some proper money!


Edit cats fine £250 ouch need 400 pips to pay for it lol
Not good lol what a day eh, unpredicable as hell...
  • #988
  • Aug 2, 2012 8:12am Aug 2, 2012 8:12am
Quoting GDR3k
Not good lol what a day eh, unpredicable as hell...
Days like today is what my method is designed for shame i missed it all

Nearly 200 pip down move on eu dunno how i missed that think was playing on a big game with the 3 year old expensive bike game lol
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #989
  • Aug 2, 2012 8:13am Aug 2, 2012 8:13am
We shall go lower look for short entrys.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #990
  • Aug 2, 2012 9:40am Aug 2, 2012 9:40am
Quoting GDR3k
Not good lol what a day eh, unpredicable as hell...
I think so.
Follow the smart money. Follow the probability.
  • #991
  • Aug 2, 2012 10:16am Aug 2, 2012 10:16am
Quoting Fractal
I think so.
Ive liked it huge swings sadly ive seen my setups and kids have disturbed me
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #992
  • Edited 5:36am Aug 3, 2012 4:27am | Edited 5:36am
Quoting Turveyd
Ive liked it huge swings sadly ive seen my setups and kids have disturbed me
I've been looking at a 1m 'supply & demand' trading method and its looking very promising from what I've been doing this morning and yesterday for scalping like a motherfooker between periods of where theres no decent entrys for longer term trades (by that I mean my normal trades), it can't be done in MT4 as brokers spreads are too high and you net an average 8-10 pips average on a trade but you don't win them all however that ratio will go down drastically once I master these said levels, its working well on cTrader fxpro ecn where the spreads are always 0.0 - 0.4 on all the majors but more towards the 0.1 range.

I'm demoing it at the moment with good success. I'm finding GU and AU to be the easier to do this with also.

Interested?
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  • #993
  • Aug 3, 2012 5:58am Aug 3, 2012 5:58am
Quoting GDR3k
I've been looking at a 1m 'supply & demand' trading method and its looking very promising from what I've been doing this morning and yesterday for scalping like a motherfooker between periods of where theres no decent entrys for longer term trades (by that I mean my normal trades), it can't be done in MT4 as brokers spreads are too high and you net an average 8-10 pips average on a trade but you don't win them all however that ratio will go down drastically once I master these said levels, its working well on cTrader fxpro ecn where the spreads...

Interested ? well ofcourse if it makes money.

Remember those ECN brokes tight spreads but you have a transaction cost which is the same as a spread. Work out what that is in Pips it generally comes to very similar.

Can't see exactly what you mean from those charts either!!

Just had loads bounce from the account ( charges ouch ) didn't realise how totally broke I am this month, GOT to start taking trading seriously and waking at 8am and stuff ASAP!!

Today was a system perfect uptrend day all round, should of made a absolute killing.



Sadly got to go to work

GET SOME!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #994
  • Aug 3, 2012 7:12am Aug 3, 2012 7:12am
Quoting GDR3k
I've been looking at a 1m 'supply & demand' trading method and its looking very promising from what I've been doing this morning and yesterday for scalping like a motherfooker between periods of where theres no decent entrys for longer term trades (by that I mean my normal trades), it can't be done in MT4 as brokers spreads are too high and you net an average 8-10 pips average on a trade but you don't win them all however that ratio will go down drastically once I master these said levels, its working well on cTrader fxpro ecn where the spreads...
"supply & demand" remind me Sam Seiden's method.
i think he is a very successful trader on this method.

What is ecn's disadvantage if it can offer such a low spread ? People should all trade ecn then.

I missed the best selling chance on EU and GU

Fractal
Follow the smart money. Follow the probability.
  • #995
  • Aug 3, 2012 7:29am Aug 3, 2012 7:29am
Quoting Fractal
"supply & demand" remind me Sam Seiden's method.
i think he is a very successful trader on this method.

What is ecn's disadvantage if it can offer such a low spread ? People should all trade ecn then.

I missed the best selling chance on EU and GU

Fractal
Yeah I was surprised to find it actually works even down to the 1m TF
  • #996
  • Aug 3, 2012 9:25am Aug 3, 2012 9:25am
Scalp scalp scalp. +10

Thrown £200 into my live ECN account just to test the water @ 0.10 lot size with this method, as I know I wouldn't make the same decisions on demo as I would live, looking good so far...
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  • #997
  • Edited 12:46pm Aug 3, 2012 9:44am | Edited 12:46pm
AU short. 1.0551. TP 1.0538 lost that trade
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  • #998
  • Aug 3, 2012 9:49am Aug 3, 2012 9:49am
Saw a dax entry thought should go long then thought nah wont go anywhere and its 100 pip already.


Must focus on trading from next week.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #999
  • Aug 3, 2012 10:39am Aug 3, 2012 10:39am
Quoting Turveyd
Saw a dax entry thought should go long then thought nah wont go anywhere and its 100 pip already.


Must focus on trading from next week.
Can only trade currencys with this cTrader, I guess thats why its called what it is doing pretty well with this 1m method however I'm finding it easier on the 2 minute charts...

Took that £200 to £242 this afternoon trading 0.10 lot and currently in a GU trade now long @ 1.56284... just closed that for +11 looks like its gonna reverse a bit, so £248 now, averaging 8-10 pips a trade so around £5-6 a trade so far.
  • #1,000
  • Aug 3, 2012 1:13pm Aug 3, 2012 1:13pm
Quoting GDR3k
Can only trade currencys with this cTrader, I guess thats why its called what it is doing pretty well with this 1m method however I'm finding it easier on the 2 minute charts...

Took that £200 to £242 this afternoon trading 0.10 lot and currently in a GU trade now long @ 1.56284... just closed that for +11 looks like its gonna reverse a bit, so £248 now, averaging 8-10 pips a trade so around £5-6 a trade so far.
Will look int ctrader in 30 mins when home 0.1 spread ish and zero comms ?

What is the catch and if none why arent we all using it ?
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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