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Day Trading for a Living

  • #1,501
  • Jan 8, 2013 5:19am Jan 8, 2013 5:19am
Quoting Fractal

The price seems still in the up channel. Find some levels to get in tonight.
Buy at 1.3109 SL at BE
profit target has been set at 3235, just under a weekly resistance pivot level.
  • #1,502
  • Jan 8, 2013 5:21am Jan 8, 2013 5:21am
Quoting GDR3k
profit target has been set at 3235, just under a weekly resistance pivot level.
I like your target. But there is a hard level in H4. Let's see
Follow the smart money. Follow the probability.
  • #1,503
  • Jan 8, 2013 5:43am Jan 8, 2013 5:43am
Quoting Fractal
I like your target. But there is a hard level in H4. Let's see
Aye! this monthly and weekly pivot is looking tough, I think it will break through though
  • #1,504
  • Jan 8, 2013 7:02am Jan 8, 2013 7:02am
Quoting GDR3k
Aye! this monthly and weekly pivot is looking tough, I think it will break through though
I got nothing. Good luck for you.
Follow the smart money. Follow the probability.
  • #1,505
  • Jan 8, 2013 8:35am Jan 8, 2013 8:35am
Well, hopefully it will break through eventually, the sell orders at the monthly and weekly pivots have now been absorbed and its time to move north if this little upmove is anything to go by. All aboard the man-train.
  • #1,506
  • Jan 8, 2013 9:42am Jan 8, 2013 9:42am
Yen strength across all pairs, whats causing this?
  • #1,507
  • Jan 8, 2013 12:35pm Jan 8, 2013 12:35pm
Quoting Brixton
Yen strength across all pairs, whats causing this?
EJ and GJ both on the weekly chart. Both in a major supply area.
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  • #1,508
  • Jan 9, 2013 7:56am Jan 9, 2013 7:56am
EU is chaotic now. loss around 10+ pips
Follow the smart money. Follow the probability.
  • #1,509
  • Jan 9, 2013 11:50am Jan 9, 2013 11:50am
Quoting Fractal
EU is chaotic now. loss around 10+ pips
I'm still in long from 3019 for half a position, already made a healthy profit on the other half of the postion for +98 from the other day.

Its nice not having to be stuck infront of the chart all day like with intraday small tf trading.
  • #1,510
  • Jan 10, 2013 4:04am Jan 10, 2013 4:04am
If it breaks through the monthly and weekly pivot along with a daily resistance pivot which are clustered from 3118 - 3126, ...blast-off!
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  • #1,511
  • Jan 10, 2013 5:14am Jan 10, 2013 5:14am
Quoting GDR3k
I'm still in long from 3019 for half a position, already made a healthy profit on the other half of the postion for +98 from the other day.

Its nice not having to be stuck infront of the chart all day like with intraday small tf trading.
I like day in day out. Long time to wait the result will make me nervous.
Find your own comfortable trading fashion is crucial
Follow the smart money. Follow the probability.
  • #1,512
  • Jan 10, 2013 8:04am Jan 10, 2013 8:04am
Quoting GDR3k
I'm still in long from 3019 for half a position, already made a healthy profit on the other half of the postion for +98 from the other day.

Its nice not having to be stuck infront of the chart all day like with intraday small tf trading.
Closed for +173 @ 3191, so +271 for the week off this one trade, happy days.

May look to short around the 3250 supply area which is also a weekly resistance pivot, lets see what happens.
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  • #1,513
  • Jan 10, 2013 8:44am Jan 10, 2013 8:44am
Quoting GDR3k
Closed for +173 @ 3191, so +271 for the week off this one trade, happy days.

May look to short around the 3250 supply area which is also a weekly resistance pivot, lets see what happens.
Great job
Follow the smart money. Follow the probability.
  • #1,514
  • Jan 10, 2013 10:00am Jan 10, 2013 10:00am
Quoting Fractal
Great job
Due to a weekly resistance pivot being around the 3240 area and a bearish bat harmonic pattern appearing on the 4hr chart, chances of a reversal from this area are high, I've put a pending sell order @ 3240, SL 3336, tp looking around 2950 but will close half the position around 3130 at the monthly pivot should it bounce back up from here...if all goes well!

Risking around a quarter of what I made on the previous trade.
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  • #1,515
  • Jan 11, 2013 6:58am Jan 11, 2013 6:58am
Quoting GDR3k
Due to a weekly resistance pivot being around the 3240 area and a bearish bat harmonic pattern appearing on the 4hr chart, chances of a reversal from this area are high, I've put a pending sell order @ 3240, SL 3336, tp looking around 2950 but will close half the position around 3130 at the monthly pivot should it bounce back up from here...if all goes well!

Risking around a quarter of what I made on the previous trade.
Price seems into a supply region in daily chart. good luck.
how do you control the risk in swing trading ?
Follow the smart money. Follow the probability.
  • #1,516
  • Jan 11, 2013 9:23am Jan 11, 2013 9:23am
Quoting GDR3k
Due to a weekly resistance pivot being around the 3240 area and a bearish bat harmonic pattern appearing on the 4hr chart, chances of a reversal from this area are high, I've put a pending sell order @ 3240, SL 3336, tp looking around 2950 but will close half the position around 3130 at the monthly pivot should it bounce back up from here...if all goes well!

Risking around a quarter of what I made on the previous trade.
I checked the D1 chart. Your SL is a bit low comparing with the upper bound of the supply region.
The PA is reasonable for tonight, first up into the region then decline.
This week is bad for me but the mkt works very reasonable. Gain more experience, stick to the rules, fight for next week.
Follow the smart money. Follow the probability.
  • #1,517
  • Jan 14, 2013 7:43am Jan 14, 2013 7:43am
BUY EU @ 1.3340 Free trading now.
fail several times to get in the position tonight
Begin to like the intense competition in day trading.
Follow the smart money. Follow the probability.
  • #1,518
  • Jan 15, 2013 4:42am Jan 15, 2013 4:42am
Quoting Fractal
BUY EU @ 1.3340 Free trading now.
fail several times to get in the position tonight
Begin to like the intense competition in day trading.
aye, I doubled my SL size on my EU trade to risk half of what I made on the previous trade instead of a quarter, I'm currently around -125 on that trade so far, made around +90 overnight on a audjpy sell and a gbpusd buy, closed those out this morning.

will look to get back in long on gbpusd if it reject the previous low.
  • #1,519
  • Jan 15, 2013 6:57am Jan 15, 2013 6:57am
Quoting GDR3k
aye, I doubled my SL size on my EU trade to risk half of what I made on the previous trade instead of a quarter, I'm currently around -125 on that trade so far, made around +90 overnight on a audjpy sell and a gbpusd buy, closed those out this morning.

will look to get back in long on gbpusd if it reject the previous low.
EU is declining from D1 level. Will be very good if in a sell position. I am looking for a level to come in.
The ideal risk for every trade may be 1%.
Follow the smart money. Follow the probability.
  • #1,520
  • Jan 15, 2013 7:04am Jan 15, 2013 7:04am
Down to around -80 on the EU trade.

Long on GJ @ 141.913, TP 142.388 just under the weekly pivot and what looks like supply on the smaller TF. r:r 1:1, low lot size.

Its nice when a few of your methods line up also, take this GJ trade for example, price stalled in a demand area, which was also a daily support pivot, plus the bullish harmonic bat in that area too. Lovely.

edit, closed half the position for +20, SL is now at break even.
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