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Day Trading for a Living

  • #1,321
  • Sep 3, 2012 10:26am Sep 3, 2012 10:26am
Quoting Turveyd
Or not.

Gold and aususd managed vague moves but thats it so far.

Better be active for wednesday or no way i make a living from this.
Just got back from a gentle jog and my EU long was hit @ 1.2572, TP was hit at 1.25971, its US/CAD bank holiday today so that would explain the slowness on all pairs. (or everyone has given up trading FX..)

I had a buy and sell order either side of the current price set from 2.30pm and it went north
  • #1,322
  • Sep 3, 2012 10:29am Sep 3, 2012 10:29am
Quoting GDR3k
Just got back from a gentle jog and my EU long was hit @ 1.2572, TP was hit at 1.25971, its US/CAD bank holiday today so that would explain the slowness on all pairs.

Most mondays suck which will be an issue with making a living.

Still made some major result on a day like today.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,323
  • Sep 3, 2012 10:31am Sep 3, 2012 10:31am
Afternoon guys..

GBP/NZD was the pair to trade today..
  • #1,324
  • Sep 3, 2012 10:40am Sep 3, 2012 10:40am
Quoting supertubes
Afternoon guys..

GBP/NZD was the pair to trade today..
Afternoon! It certainly looks like it, what broker you with and whats the spread for this pair on yours? its currently changing from 8.00 to 11.0 on mine.
  • #1,325
  • Sep 3, 2012 10:46am Sep 3, 2012 10:46am
Hi GDR the spread does suck its 15 pips but ive been long since 192xxx and adding along the way so ...

I use an ig CFD account for my forex trading and a separate account for stocks and commodities
  • #1,326
  • Sep 3, 2012 11:36am Sep 3, 2012 11:36am
My experience tells me as following:
1. Do not trade different pairs.
2. Everyday you can find several good entry for deal, so what you need to do is waiting.
  • #1,327
  • Sep 3, 2012 12:47pm Sep 3, 2012 12:47pm
Quoting Zolat
My experience tells me as following:
1. Do not trade different pairs.
2. Everyday you can find several good entry for deal, so what you need to do is waiting.
I try and trade as many pairs as I can but it ranges from 7 down to 2, currently I'm monitoring 4 as its far to much hassle trying to keep an eye on all 7 all the time. The current 4 are EURUSD, EURJPY, GBPUSD and GBPJPY, think that will do me for a while now, they are all somewhat correlated aswell which is good.
  • #1,328
  • Sep 3, 2012 1:33pm Sep 3, 2012 1:33pm
Quoting supertubes
Hi GDR the spread does suck its 15 pips but ive been long since 192xxx and adding along the way so ...

I use an ig CFD account for my forex trading and a separate account for stocks and commodities
it looks to have a pretty high range of pip movement so a 10pip spread isn't so bad, even though the £/pip is quite high, it moved about 800 pips up in august from 1.9, this pair looks to trend well
  • #1,329
  • Sep 3, 2012 1:36pm Sep 3, 2012 1:36pm
Quoting Zolat
My experience tells me as following:
1. Do not trade different pairs.
2. Everyday you can find several good entry for deal, so what you need to do is waiting.
I try to pick from 6, which is performing best then just watch 2 as I can have 2 up at once on PC easily or on the Tablet.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,330
  • Sep 3, 2012 2:07pm Sep 3, 2012 2:07pm
Quoting GDR3k
it looks to have a pretty high range of pip movement so a 10pip spread isn't so bad, even though the £/pip is quite high, it moved about 800 pips up in august from 1.9, this pair looks to trend well
Yea its a good pair to trade normally

currently watching eur/cad and gbp/cad but no trades open there and also aus/jpy was short there but my trailing stop was hit around london close time.
  • #1,331
  • Sep 3, 2012 2:10pm Sep 3, 2012 2:10pm
Quoting supertubes
Yea its a good pair to trade normally

currently watching eur/cad and gbp/cad but no trades open there and also aus/jpy was short there but my trailing stop was hit around london close time.
Got a small short open ftse @ 5763 as I felt it woulden't go north of 5765 but its like watching paint dry so I'm off to the pub for an hour
  • #1,332
  • Sep 3, 2012 2:16pm Sep 3, 2012 2:16pm
Quoting supertubes
Got a small short open ftse @ 5763 as I felt it woulden't go north of 5765 but its like watching paint dry so I'm off to the pub for an hour
Boozing on a monday, I'm still rough from saturday night lol

edit - whats your target on that ftse short?

http://3.bp.blogspot.com/_XQ-efrqiuQ...ngover_023.jpg
  • #1,333
  • Sep 3, 2012 5:26pm Sep 3, 2012 5:26pm
Sold half at 5750 sl to b/e
  • #1,334
  • Sep 3, 2012 8:16pm Sep 3, 2012 8:16pm
My expected range / chop system is scoring hits, think I've finally put it together with the directional system which I'm currently really happy with, yes this was a 99% mental glitch which I've been working on for years.


Just in time fingers and toes crossed for Wednesday and phasing out my 18year old company!!

NZDUSD is being added ( pending spread size ) to the mix, it used to be there, it traded via direction system very well, then likewise to the range method and a bonus trades well at night for some recovery of previous days losses maybe LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,335
  • Sep 4, 2012 1:34am Sep 4, 2012 1:34am
Morning guys.. just making a plan of attack for the day.

Looking to short aus/jpy from 80.80 will use a tight stop and manually trail it.

Would also short aus/usd at 1.0320 if it gets there .
  • #1,336
  • Sep 4, 2012 2:13am Sep 4, 2012 2:13am
missed out on a good buy/scalp on gbpjpy @ 124.565, was making a coffee, damn...
  • #1,337
  • Sep 4, 2012 2:19am Sep 4, 2012 2:19am
Quoting GDR3k
missed out on a good buy/scalp on gbpjpy @ 124.565, was making a coffee, damn...
You'll catch the next one

I diden't expect the ftse to reject 5765 again at the open :/
  • #1,338
  • Sep 4, 2012 2:33am Sep 4, 2012 2:33am
Quoting supertubes
You'll catch the next one

I diden't expect the ftse to reject 5765 again at the open :/
gbpjpy area to watch 125.03 - 125.125, may get a pretty big bounce down if it reaches there, but still being in an uptrend, i don't expect the move to hold.

the markets are moving today aswell, finally!
  • #1,339
  • Sep 4, 2012 2:40am Sep 4, 2012 2:40am
Quoting GDR3k
gbpjpy area to watch 125.03 - 125.125, may get a pretty big bounce down if it reaches there, but still being in an uptrend, i don't expect the move to hold.

the markets are moving today aswell, finally!
I haven't traded Geppy for a few weeks but 125.03 ish looks like a nice short entry to me good for 15 20 pips I will keep an eye on that today cheers
  • #1,340
  • Sep 4, 2012 2:45am Sep 4, 2012 2:45am
long on eu at 1.26185, sl 1.26138. TP 1.26362...

a cheeky one...incase it broke out north

edit, well that was short and violent, -5
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