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Day Trading for a Living

  • #1,481
  • Jan 3, 2013 2:49pm Jan 3, 2013 2:49pm
Round number long EU 1.3050 looking for only 25pips TP with 30pips SL.
  • #1,482
  • Jan 4, 2013 2:13am Jan 4, 2013 2:13am
Quoting BullRun
Round number long EU 1.3050 looking for only 25pips TP with 30pips SL.
I prefer RR>=3 be careful

Fractal
Follow the smart money. Follow the probability.
  • #1,483
  • Edited 7:35am Jan 4, 2013 6:08am | Edited 7:35am
Buy eu @ 1.3000 sl @ 1.2997
similar as yesterday

SL hits @ +7 pips
Follow the smart money. Follow the probability.
  • #1,484
  • Jan 4, 2013 7:23am Jan 4, 2013 7:23am
Quoting GDR3k
long eu @ 3090, tp 3275, sl 2975.

Lets get this new year off to a good start.

Will close half the position at 3158.
http://www.gifsforum.com/images/imag...grand/rage.jpg
  • #1,485
  • Jan 4, 2013 7:36am Jan 4, 2013 7:36am
Quoting GDR3k
http://www.gifsforum.com/images/imag...grand/rage.jpg
what tf are you trading now? so big SL area. Better to not against the daily chart. It is sell biased.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 78 KB
Follow the smart money. Follow the probability.
  • #1,486
  • Jan 4, 2013 7:42am Jan 4, 2013 7:42am
Quoting Fractal
what tf are you trading now? so big SL area. Better to not against the daily chart. It is sell biased.
1hr, 4hr, 12hr, daily and weekly I'll be doing. I thought the price would bounce from the area I entered
  • #1,487
  • Jan 4, 2013 7:46am Jan 4, 2013 7:46am
Quoting GDR3k
1hr, 4hr, 12hr, daily and weekly I'll be doing. I thought the price would bounce from the area I entered
It's possible. I see on H4 a demand level. My buying is failed to catch the big up. SL hits at +7 pips. Regret to move the SL, I am crazy just like your attached pic
Follow the smart money. Follow the probability.
  • #1,488
  • Jan 4, 2013 7:51am Jan 4, 2013 7:51am
Quoting Fractal
It's possible. I see on H4 a demand level. My buying is failed to catch the big up. SL hits at +7 pips. Regret to move the SL, I am crazy just like your attached pic
Aye, the 1.3 area looks like good demand, as does the 1.2950 area and the 1.29 area...hmm.

That pic is how I feel when I enter a trade and it goes against me almost right away, its like it was waiting for me to click buy or sell, then it does what it does best...lol
  • #1,489
  • Jan 4, 2013 8:02am Jan 4, 2013 8:02am
Quoting GDR3k
Aye, the 1.3 area looks like good demand, as does the 1.2950 area and the 1.29 area...hmm.

That pic is how I feel when I enter a trade and it goes against me almost right away, its like it was waiting for me to click buy or sell, then it does what it does best...lol
It always happens
I am puzzling with the TP strategy, maybe next time it's better to keep the SL @ BE for a longer time.
Follow the smart money. Follow the probability.
  • #1,490
  • Jan 4, 2013 8:13am Jan 4, 2013 8:13am
Quoting Fractal
It always happens
I am puzzling with the TP strategy, maybe next time it's better to keep the SL @ BE for a longer time.
Heres to hoping it doesn't bounce back down from the 1.31 area....
  • #1,491
  • Jan 4, 2013 8:16am Jan 4, 2013 8:16am
I like this:
"The markets are not random, because they are based on human behavior, and human behavior, especially mass behavior, is not random. It never has been, and it probably never will be."
-Jack D. Schwager

This may be why trading can be a business for living.
Follow the smart money. Follow the probability.
  • #1,492
  • Jan 4, 2013 2:46pm Jan 4, 2013 2:46pm
Quoting Fractal
I like this:
"The markets are not random, because they are based on human behavior, and human behavior, especially mass behavior, is not random. It never has been, and it probably never will be."
-Jack D. Schwager

This may be why trading can be a business for living.
I'll probably be back at break even by the time the markets close soon, just hope nothing silly happens over the weekend.

main profit target has been moved to 3230 but will still be closing half at the 3160 area. stop remains at 2975. r:r is just over 1:1.

Have a good weekend.
  • #1,493
  • Edited 2:27pm Jan 7, 2013 2:00am | Edited 2:27pm
Round number rejection with D1 short bias so sell EU 1.3050 SL30 TP 25.

Update: Win
  • #1,494
  • Jan 7, 2013 5:22am Jan 7, 2013 5:22am
Quoting GDR3k
I'll probably be back at break even by the time the markets close soon, just hope nothing silly happens over the weekend.

main profit target has been moved to 3230 but will still be closing half at the 3160 area. stop remains at 2975. r:r is just over 1:1.

Have a good weekend.
hard to predict the mkt direction. 3100 seems a hard level.
prepared to buy at some level if possible tonight.
Follow the smart money. Follow the probability.
  • #1,495
  • Jan 7, 2013 7:23am Jan 7, 2013 7:23am
Quoting Fractal
hard to predict the mkt direction. 3100 seems a hard level.
prepared to buy at some level if possible tonight.
I see the buy level but missed
Follow the smart money. Follow the probability.
  • #1,496
  • Edited 8:59pm Jan 7, 2013 10:25am | Edited 8:59pm
EU break above round number 1.3100 and seemed holding so go long at 1.3103 SL30 and TP25.

Update: Win
  • #1,497
  • Jan 7, 2013 4:32pm Jan 7, 2013 4:32pm
Took another long position on eu this morning at 3019, currently around +100 up, the trade will close for profit at 3180...if it gets there, will move the stop to break even before I go to bed later.

Closed that other long from 3090 I had earlier at 31.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 207 KB
  • #1,498
  • Jan 7, 2013 4:44pm Jan 7, 2013 4:44pm
Quoting GDR3k
Took another long position on eu this morning at 3019, currently around +100 up, the trade will close for profit at 3180...if it gets there, will move the stop to break even before I go to bed later.

Closed that other long from 3090 I had earlier at 31.
Price is currently hovering around this months pivot and this weeks pivot, just closed half the position for +98, stop has been moved to break even so will let the other half run.
  • #1,499
  • Edited Jan 8, 2013 8:22am Jan 7, 2013 9:18pm | Edited Jan 8, 2013 8:22am
EU is making higher high and higher low on H1. Long EU at 1.3131 coz it closed above tipping point so anticipate it to move up to round number 1.3150 SL 30 TP 25.

Update: Loss
  • #1,500
  • Edited 5:18am Jan 8, 2013 4:49am | Edited 5:18am
Quoting GDR3k
Price is currently hovering around this months pivot and this weeks pivot, just closed half the position for +98, stop has been moved to break even so will let the other half run.

The price seems still in the up channel. Find some levels to get in tonight.
Buy at 1.3109 SL at BE so quick move.
Follow the smart money. Follow the probability.
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