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Day Trading for a Living

  • #1,361
  • Sep 6, 2012 3:25pm Sep 6, 2012 3:25pm
Quoting Turveyd
No trades yet, no time, working tomorrow will watch in the am will move out of theory next week Monday / Tuesday area all being well.
Why do you say "no trades yet", after describing your trades in DAX, EU/GU, EJ?
No longer trading forex. Looking for full time job.
  • #1,362
  • Sep 6, 2012 3:42pm Sep 6, 2012 3:42pm
Some decent trades been happening!

I was short on eu this morning but that turned into something like a 23 pip loss, been out most of the day but back in the game in the morning, gonna smash its backdoors in and have my pips back and then some!
  • #1,363
  • Sep 6, 2012 4:02pm Sep 6, 2012 4:02pm
Will be watching the 1.59 area on GU tomorrow, looks a nice place to go long.

1.2575 area on EU looks dandy also for a long.

AU's daily pivot lines up exactly with the psych level of 1.0250 which is also resistance from today, could act as support next time...
  • #1,364
  • Sep 6, 2012 4:17pm Sep 6, 2012 4:17pm
Hello traders,

I am newbe to this forum and trying various strategies, mainly in the short term.
I usually use the PA and S & R and I'm trying to trade on the 1H chart.

I'm looking to buy NZD USD at a price 0.8000?
  • #1,365
  • Sep 6, 2012 6:35pm Sep 6, 2012 6:35pm
Quoting mmaker
Why do you say "no trades yet", after describing your trades in DAX, EU/GU, EJ?
Back test, what I should of been trading, in theory getting back into while I wake up and recover from 6 weeks of school holidays.

It's working, sort out actually taking the setups next week, not an issue then holding long enough to make taking the risk worth while, this is the part that generally stumps me.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,366
  • Sep 6, 2012 9:01pm Sep 6, 2012 9:01pm
Quoting Turveyd
The days write up via my method,

DAX being the star of the day, GDR back to trading this :-

perfect uptrend off the 90ema in the an, then chop range for a a few hours, then broke out to the downside 720ema called the base and turned up and run 140pips awesome that would sort my account out nicely.

EU :- ( gU same )

bounced off the 720ema multiple times in the am, news time turned down, then turned back over 90ema and has been skipping up off it ever since.

EJ NICE :-

720ema holding all am, uptrend, then had a run up then the 230ema called...
hi thanks for sharing. Your EMA setting used in which timeframe? or it can be used in all time frame?

tq in advance.
  • #1,367
  • Sep 6, 2012 9:42pm Sep 6, 2012 9:42pm
Quoting Turveyd
Back test, what I should of been trading, in theory getting back into while I wake up and recover from 6 weeks of school holidays.
I found July and August to be difficult. Not sure what you mean by "recover from 6 weeks of school holidays" but I assume you didn't trade because of that.
No longer trading forex. Looking for full time job.
  • #1,368
  • Edited 5:13am Sep 7, 2012 4:54am | Edited 5:13am
GU short 1.59715. price stalled at a daily resistance pivot level aswell as the psych area 75, TP is just above what I feel is the next demand area before maybe a move up at 1.5911.

Edit, TP moved to 5942 and SL moved to break even at +11

Closed @ 5951. +20
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  • #1,369
  • Sep 7, 2012 4:58am Sep 7, 2012 4:58am
Quoting sargeant
hi thanks for sharing. Your EMA setting used in which timeframe? or it can be used in all time frame?

tq in advance.
I will post the full template when I'm on the pc shortly, I trade M1 seems to work on others but you will need bigger Sls which is no use to me.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,370
  • Sep 7, 2012 5:04am Sep 7, 2012 5:04am
Quoting GDR3k
GU short 1.59715. price stalled at a daily resistance pivot level aswell as the psych area 75, TP is just above what I feel is the next demand area before maybe a move up at 1.5911.

Edit, TP moved to 5942
1.5945 is the likely area it will turn back up so watch it around there short term anyway.

SL to 73 currently to my method, if it hits that good odds higher high.


Brain is functioning again at least on a basic level
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,371
  • Sep 7, 2012 5:07am Sep 7, 2012 5:07am
Quoting mmaker
I found July and August to be difficult. Not sure what you mean by "recover from 6 weeks of school holidays" but I assume you didn't trade because of that.
Baby sitting and fitting work around that never easy market became to slow most of the time to bother to this is thekinda action I like just on some strength and let it ride, rich or bankrupt in no time
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,372
  • Sep 7, 2012 5:17am Sep 7, 2012 5:17am
May look to go long on GU at the 5942 area...
  • #1,373
  • Sep 7, 2012 5:20am Sep 7, 2012 5:20am
Quoting GDR3k
May look to go long on GU at the 5942 area...
Hey mate,

lots of levels at 40'ish......Hows the facebook going?
  • #1,374
  • Sep 7, 2012 5:23am Sep 7, 2012 5:23am
Quoting FOURX
Hey mate,

lots of levels at 40'ish......Hows the facebook going?
hey, only really speak to Turvey on it off this site, don't really go on msn, added a few people but they're never on

May bounce from the 5937 level, if PA changes here I'll get in.
  • #1,375
  • Sep 7, 2012 5:40am Sep 7, 2012 5:40am
Quoting GDR3k
hey, only really speak to Turvey on it off this site, don't really go on msn, added a few people but they're never on

May bounce from the 5937 level, if PA changes here I'll get in.
Nice trade so far especially as everything else is going up still.


Staying under 720ema indicates major selling and old go even lower which it is as I type .
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,376
  • Sep 7, 2012 5:43am Sep 7, 2012 5:43am
Quoting Turveyd
Nice trade so far especially as everything else is going up still.


Staying under 720ema indicates major selling and old go even lower which it is as I type .
Next obvious levels for me are the 5925 area and the 5909 level, trend is still up so will look to go long at these areas if pa changes, lets see if the 5937 area holds...
  • #1,377
  • Sep 7, 2012 6:13am Sep 7, 2012 6:13am
Quoting GDR3k
Next obvious levels for me are the 5925 area and the 5909 level, trend is still up so will look to go long at these areas if pa changes, lets see if the 5937 area holds...

We view trend differently, I trade off a much shorter trend ie whats almost happening, breaking below the 720ema means trend is down to me 100% down.

Think it's time to bank some profit if you haven't already, that was a good ride 45pips at best I guess!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,378
  • Sep 7, 2012 6:19am Sep 7, 2012 6:19am
Quoting Turveyd
We view trend differently, I trade off a much shorter trend ie whats almost happening, breaking below the 720ema means trend is down to me 100% down.

Think it's time to bank some profit if you haven't already, that was a good ride 45pips at best I guess!!
I closed out earlier at 5951 for +20
  • #1,379
  • Sep 7, 2012 2:46pm Sep 7, 2012 2:46pm
Today, woulda been a much much better day to start trading hey sadly work

Coulda doubled my account in day #1, bet Monday is the exact opposite of today.


Good weekends all!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,380
  • Sep 7, 2012 3:49pm Sep 7, 2012 3:49pm
Quoting Turveyd
Today, woulda been a much much better day to start trading hey sadly work

Coulda doubled my account in day #1, bet Monday is the exact opposite of today.

Good weekends all!!
Do you think you can put your trading account on myfxbook or ForexFactory's Trade Explorer? Would like to see your trading results from the latest system.
No longer trading forex. Looking for full time job.
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