Sold EUR/CAD at 1.2281
- #2,881
- Aug 21, 2012 6:26pm Aug 21, 2012 6:26pm
- Joined Mar 2010 | Status: Trader | 1,635 Posts
- #2,882
- Aug 21, 2012 10:58pm Aug 21, 2012 10:58pm
- Joined Mar 2010 | Status: Trader | 1,635 Posts
Closed the first entry at BE and the second entry at 98.73 for +22 pips. Leaving the third entry (@ 99.00) to run.
- #2,884
- Aug 22, 2012 2:59am Aug 22, 2012 2:59am
- Joined Mar 2010 | Status: Trader | 1,635 Posts
Moved SL to BE+1.
- #2,885
- Aug 22, 2012 3:19am Aug 22, 2012 3:19am
- Joined Mar 2010 | Status: Trader | 1,635 Posts
Moved SL to 98.90 (BE+10).
- #2,890
- Aug 22, 2012 3:57am Aug 22, 2012 3:57am
The 3rd entry got stopped out for BE+10 (+32 pips in total). Not a good trade....
Quick question if you don't mind. What is your trading reguime/schedule? I ask because I am attempting to tailor a trading schedule for myself around a somewhat stressfull career. Being in London really helps in terms of UK and US market opening.
Same question goes to you too Mark. But I'd also like to know whether you have an opinion on how to make the transition from a day job to independant trader given that you must have gone through the process yourself? Again, I think my location helps in this aspect.
Thanks in advance.
Edit: My career hugely limits access to charts which has obvious consequences. But quiting a job without guaranteed income or the presssure you would give yourself could be massively detrimental.
- #2,891
- Aug 22, 2012 4:14am Aug 22, 2012 4:14am
- | Commercial User | Joined Feb 2008 | 4,633 Posts
Very nice trading of late
Quick question if you don't mind. What is your trading reguime/schedule? I ask because I am attempting to tailor a trading schedule for myself around a somewhat stressfull career. Being in London really helps in terms of UK and US market opening.
Same question goes to you too Mark. But I'd also like to know whether you have an opinion on how to make the transition from a day job to independant trader given that you must have gone through the process yourself? Again, I think my location helps in this aspect....
It was a year from hell as I had to trade very aggressively and I wouldn't recommend it at all unless you are well capitalised - or perhaps having other sources of income to cover bills would be ideal at the very least.
When I had a full-time job I just developed a schedule around my work commitments. I was office based (in London too) but had a large degree of freedom too so I could check up on charts / trades fairly easily.
If I had a full-time job now what I would focus on myself would be:
1. FTB's - H1, H4, daily - these can be planned far in advance most of the time (take the S&P trade setup I posted above - that before chart is from a fair while before the setup triggered).
Thus I would put orders on each night / morning and use a price alert service to text / email me when price got near to me order - I'd have a trade manager EA in place to auto manage the trade if I wasn't able to watch.
2. FB's - I'd be checked H4 and daily charts during each day across a ton of pairs to find the obvious setups (there are many that occur most weeks).
This of course assumes you can access charts and place trades based on H4 closes during the day - find a H4 close that is most suitable - only takes 10mins or so to review H4 closes across multiple pairs.
3. If you can watch some pairs intra-day - presumably you can as I've seen you trading M10, M15 TF's then I'd do what you seem to be doing - picking 1-3 pairs that you can watch more closely and 'get to know' across multiple TF's.
If you can't then sticking to H1 FTB's (plus higher) which are planned well in advance and looking for daily FB's should grow an account at a decent pace.
If you can only focus on the daily TF then I'd be more inclined to look at swing trading, trend trading (position building) and trading well defined ranges etc.
- #2,893
- Aug 22, 2012 4:48am Aug 22, 2012 4:48am
- Joined Mar 2010 | Status: Trader | 1,635 Posts
Very nice trading of late
Quick question if you don't mind. What is your trading reguime/schedule? I ask because I am attempting to tailor a trading schedule for myself around a somewhat stressfull career. Being in London really helps in terms of UK and US market opening.
I trade after work, say from 7:00pm (a few hours after Londen open) to 02:00am. Being in Seoul is not bad because I can trade both UK and US market.
FYI, I took a day off today.
- #2,897
- Aug 22, 2012 6:43am Aug 22, 2012 6:43am
I'm office based in Seoul and can check web-based charts (called Netdania) during the daytime but I'm not allowed to install the platform into my computer that the company gave to me. I have to use my mobile phone for trade management. So I try not to enter a new trade during the daytime, but sometimes...
I trade after work, say from 7:00pm (a few hours after Londen open) to 02:00am. Being in Seoul is not bad because I can trade both UK and US market.
FYI, I took a day off today.
Progress, not perfection
- #2,898
- Aug 22, 2012 7:07am Aug 22, 2012 7:07am
- | Joined Oct 2010 | Status: What a knob 'ead | 90 Posts
Just noticed that we have already exceeded average daily range so i dont expect much more movement on this one today so am out at BE...i wished id of checked first...DOH!
How wrong i was, but looking at where price went, im glad i got out when i did, even if it was for the wrong reasons
No more DOH! trades
