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Day Trading for a Living

  • #1,381
  • Sep 7, 2012 5:09pm Sep 7, 2012 5:09pm
Quoting mmaker
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.
not using MT4 so can't do that I'm afraid, actually might be a way through TradeInterceptor I use to trade on via tablets will look into.

I will pdf my account statement without an issue though, when I start trading again ofcourse, last week 1 trade -7 in about 30seconds LOL

Still going to be a week or 2, before I start to get any good results realistically but we'll see!!

GDR is good, a bit off his game as he adapted to SLOW dead market but he'll soon be bringing in more pips than anyone I actually trust on this site.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,382
  • Sep 7, 2012 9:54pm Sep 7, 2012 9:54pm
Quoting Turveyd
not using MT4 so can't do that I'm afraid, actually might be a way through TradeInterceptor I use to trade on via tablets will look into.
I've been following this guy for a while, and I thought he had something real going when he doubled/tripled his account in a month, with a series of 34 straight wins with no losers. Then the market "turned bad" on him and I wondered what made his system not work anymore, after a spectacular start. I'm really interested and looking forward to your new system and how it plays out after the summer doldrums.
http://www.forexfactory.com/robertj62#79-list
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No longer trading forex. Looking for full time job.
  • #1,383
  • Sep 8, 2012 3:50am Sep 8, 2012 3:50am
Quoting mmaker
I've been following this guy for a while, and I thought he had something real going when he doubled/tripled his account in a month, with a series of 34 straight wins with no losers. Then the market "turned bad" on him and I wondered what made his system not work anymore, after a spectacular start. I'm really interested and looking forward to your new system and how it plays out after the summer doldrums.
http://www.forexfactory.com/robertj62#79-list
He likely found a cheat in the market, they dont last long as others catch onto it then what made it work murders you I've found a few and thought i could retire soon.

Market is either chop or trend trade the right way most of the time and you have got it made.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,384
  • Sep 10, 2012 6:01am Sep 10, 2012 6:01am
No point waking up early on a monday hey, hoping US session is better, need some pips even if small at this stage.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,385
  • Edited 4:05pm Sep 10, 2012 11:08am | Edited 4:05pm
EU long from 1.2780 as the obvious demand area was right on a psych level (lethal combo ), entered it this morning around 10am and its been pretty flat all day. TP is 1.2824. SL is currently at break even so heres hoping it breaking through 1.28....

R:R was originally between 1:3/1:4 risk 12pips to gain 44. Free trade now...

edit - SL hit at break even

Maybe the market is waiting for the big finale on Wednesday...

Current pippage for the week; 0
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  • #1,386
  • Sep 10, 2012 11:26am Sep 10, 2012 11:26am
There is still scope for the EUR/USD to test eh 200 DMA @ 1.2838 before a corrective move/dip down to attract more buyers.
  • #1,387
  • Sep 10, 2012 5:12pm Sep 10, 2012 5:12pm
Quoting GDR3k

Maybe the market is waiting for the big finale on Wednesday...

Yep likely, working all that day LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,388
  • Sep 11, 2012 3:00am Sep 11, 2012 3:00am
Anyone got any ideas on todays action.

DAX is likely in chop again, keep that 1 up as my chop / range play.

GU's in a long uptrend, long on pull backs just missed my entry on that.

Think I'll just trade those 2, rather than over load my brain cell.



DAX Range, 7190 - 7215

GU as near 1.6000 as possible.


No big news to worry about!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,389
  • Edited 6:41am Sep 11, 2012 6:19am | Edited 6:41am
EU short from 1.28007. SL currently at break even.

Closed for +20

Still moving pretty slow.

Trend is still up mind as its not making any new lows, a break below 2750 and south she goes I reckon. May go long if pa changes at the daily pivot/2775 or at what looks like demand at the 2770 level (1hr chart) or if it reaches 2750 long may be the way..
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  • #1,390
  • Sep 11, 2012 6:59am Sep 11, 2012 6:59am
Quoting GDR3k
...or at what looks like demand at the 2770 level (1hr chart).
Seems to be rejecting this area, will wait for it to move up a bit more then for a decent pullback before getting in......

Inserted Video
  • #1,391
  • Sep 11, 2012 10:44am Sep 11, 2012 10:44am
Ever get the feeling the market knows when your watching
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,392
  • Sep 11, 2012 11:18am Sep 11, 2012 11:18am
Quoting Turveyd
Ever get the feeling the market knows when your watching
All the time!

Remember, its a big day tomorrow...

http://www.businessinsider.com/germa...bailout-2012-9

Quote
The Constitutional Court issued a brief statement saying the ruling at 10 a.m. (0800 GMT) on Wednesday "will go ahead as scheduled", meaning conservative lawmaker Peter Gauweiler's last-minute challenge would not cause further delays.


10am in germany would be 9am UK time as they're a hour ahead, in the UK right now we're GMT+1 until the clocks go back in October....

I'll be up bright and early for this...

  • #1,393
  • Sep 11, 2012 12:12pm Sep 11, 2012 12:12pm
Quoting GDR3k
All the time!

Remember, its a big day tomorrow...

http://www.businessinsider.com/germa...bailout-2012-9


10am in germany would be 9am UK time as they're a hour ahead, in the UK right now we're GMT+1 until the clocks go back in October....

I'll be up bright and early for this...


As thats my seemingly only hope of making money this week i better get up i guess. Ofcourse if i do it wont move.

Call out so only got till 12 friday is booked to


Fuller time soon never going to hit 150 Per week at this rate.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,394
  • Sep 11, 2012 12:38pm Sep 11, 2012 12:38pm
Quoting mmaker
I've been following this guy for a while, and I thought he had something real going when he doubled/tripled his account in a month, with a series of 34 straight wins with no losers. Then the market "turned bad" on him and I wondered what made his system not work anymore, after a spectacular start. I'm really interested and looking forward to your new system and how it plays out after the summer doldrums.
http://www.forexfactory.com/robertj62#79-list
Trading without stop loss can decimate an account, even if you think you can ride out the drawdown. All the work of doubling/tripling the account with 34 straight wins are all gone because of "mental stop" or riding out a loser. Let this be a lesson for newbies.
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No longer trading forex. Looking for full time job.
  • #1,395
  • Edited 12:59pm Sep 11, 2012 12:49pm | Edited 12:59pm
Quoting GDR3k
Trend is still up mind as its not making any new lows, a break below 2750 and south she goes I reckon. May go long if pa changes at the daily pivot/2775 or at what looks like demand at the 2770 level (1hr chart) or if it reaches 2750 long may be the way..
Good call!! I took your advice buying at the Daily Pivot and 2770 level. EJ was bouncing off the Weekly Pivot at 99.55 too.
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No longer trading forex. Looking for full time job.
  • #1,396
  • Sep 11, 2012 1:23pm Sep 11, 2012 1:23pm
Quoting mmaker
Trading without stop loss can decimate an account, even if you think you can ride out the drawdown. All the work of doubling/tripling the account with 34 straight wins are all gone because of "mental stop" or riding out a loser. Let this be a lesson for newbies.
Been there and tried that to death, there is no way to manage it and avoid giving it all up in 1 trade.

Inflection points are the way to go, areas for some reason or another, you can enter with a 10SL or similar as small as possible and have a 50%+ chance of getting say 50 profit.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,397
  • Edited 2:12pm Sep 11, 2012 1:44pm | Edited 2:12pm
Quoting Turveyd
Inflection points are the way to go, areas for some reason or another, you can enter with a 10SL or similar as small as possible and have a 50%+ chance of getting say 50 profit.
Yes, I use a tight stop loss of 15pips and scale out at +15, +30, +60. I use EA to automatically scale out, move stop to breakeven, without emotions.
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No longer trading forex. Looking for full time job.
  • #1,398
  • Sep 11, 2012 1:45pm Sep 11, 2012 1:45pm
Really to me it comes down to just looking and getting a feel for how fast the market is moving in general how the price is fluctuating. Its different day by day, and not only day by day, but hour by hour as well.

I dont pay too much attention to the news since we have no control over it I just watch the charts and see how it goes and how it happens.
  • #1,399
  • Sep 11, 2012 1:48pm Sep 11, 2012 1:48pm
Quoting mmaker
Yes, I use a tight stop loss of 15pips and scale out at +15, +30, +60. I use EA to automatically scale out, move stop to breakeven, without emotions.

nice, I've considered Manual entry but automated Exit for some time, the EA wouldn't of gotten spooked out and closed a GU trade for BE today, which went 70+ pips annoyingly.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,400
  • Sep 11, 2012 1:56pm Sep 11, 2012 1:56pm
Quoting mmaker
Good call!! I took your advice buying at the Daily Pivot and 2770 level. EJ was bouncing off the Weekly Pivot at 99.55 too.
Yeah I had a feeling it would reverse at one of them levels then waited for price action to confirm, just buying at the dips, went long on the pullback at 2782 and profit level was hit at 2825.

My EU short this morning was risky also but it paid off, won't be shorting again until a downtrend is confirmed.

+63 for the day

+633 tomorrow??
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