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Day Trading for a Living

  • #1,521
  • Jan 15, 2013 7:26am Jan 15, 2013 7:26am
Quoting GDR3k
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.
Aye. When levels line up, the probability will be high.
I like trading full size always
Follow the smart money. Follow the probability.
  • #1,522
  • Jan 15, 2013 7:35am Jan 15, 2013 7:35am
Quoting GDR3k
Down to around -80 on the EU trade.

Long on GJ @ 141.913,

TP 142.388
TP hit, +47
  • #1,523
  • Edited 5:35pm Jan 15, 2013 5:19pm | Edited 5:35pm
Pending sell order on GBPCHF @ 1.4997 right under the psych level of 1.5, also in the area of a weekly resistance pivot (1.4998) and monthly resistance pivot (1.5048), aswell as a fresh supply area. It also looks like a harmonic butterfly could be forming.

sl around 5090 - above the previous swing high, tp is open but will close half around the monthly pivot area at 1.4860...if it goes in my favour.

I will also be starting a journal next week on here.
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  • #1,524
  • Edited 7:05am Jan 16, 2013 6:02am | Edited 7:05am
SELL EU @ 1.3321 where daily pivot, psy level cluster.
SL @ BE
TP @ 1.3266

TP hits +55 RR: 1:11
the H4 level may not be hold. huge huge profit margin below.
big sale is coming.
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Follow the smart money. Follow the probability.
  • #1,525
  • Jan 16, 2013 11:52am Jan 16, 2013 11:52am
Quoting Fractal
SELL EU @ 1.3321 where daily pivot, psy level cluster.
SL @ BE
TP @ 1.3266

TP hits +55 RR: 1:11
the H4 level may not be hold. huge huge profit margin below.
big sale is coming.
Good job, I won't be doing much trading today or tomorrow but will be placing a few orders later on, been out most of the day today and missed a few good moves by the looks of it, still got my EU position which is still around -50, hoping for a nice drop to the 3130-3100 area. Quite looking forward to starting this journal on monday, never really logged much down in terms of progress, but it would be nice to see first hand.
  • #1,526
  • Jan 17, 2013 4:38am Jan 17, 2013 4:38am
Quoting Fractal
SELL EU @ 1.3321 where daily pivot, psy level cluster.
SL @ BE
TP @ 1.3266

TP hits +55 RR: 1:11
the H4 level may not be hold. huge huge profit margin below.
big sale is coming.
It seems my prediction is wrong. The upper bound is broken.
level on top of level still exists. will look to sell tonite
Follow the smart money. Follow the probability.
  • #1,527
  • Jan 17, 2013 4:44am Jan 17, 2013 4:44am
Quoting GDR3k
Good job, I won't be doing much trading today or tomorrow but will be placing a few orders later on, been out most of the day today and missed a few good moves by the looks of it, still got my EU position which is still around -50, hoping for a nice drop to the 3130-3100 area. Quite looking forward to starting this journal on monday, never really logged much down in terms of progress, but it would be nice to see first hand.
where will you put your journal? also looking forward to it.
I like to write trading journal in a note app in my phone.
Follow the smart money. Follow the probability.
  • #1,528
  • Jan 17, 2013 4:55am Jan 17, 2013 4:55am
Quoting Fractal
where will you put your journal? also looking forward to it.
I like to write trading journal in a note app in my phone.
On the journal forum on here

Got a pending sell order on EU @ 33714.
  • #1,529
  • Jan 17, 2013 8:11am Jan 17, 2013 8:11am
Quoting GDR3k

Got a pending sell order on EU @ 33714.
tp set at 3325

Closed half the position for +32, SL now at trade opening price.
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  • #1,530
  • Edited 12:31pm Jan 17, 2013 12:07pm | Edited 12:31pm
Tempted to put a sell order on EJ @ 120.60, check back to May 2011, untested, fresh supply area.

...aaand a sell order on GJ @ 143.96 with a profit target down at 142.81, lets see what happens.
  • #1,531
  • Jan 18, 2013 1:25am Jan 18, 2013 1:25am
^ Did you place any of those?
  • #1,532
  • Edited 4:42am Jan 18, 2013 3:37am | Edited 4:42am
Quoting msetai
^ Did you place any of those?
I placed both, the GJ was hit yesterday, closed out at 143.0, +96 on that trade. Leaving EJ on, stop loss is at trade open.

Snowed in today too, I hate snow.

edit, just closed EJ out for +80.

edit again, pending buy order on GJ @ 142.81, fresh demand area, low risk.
  • #1,533
  • Jan 18, 2013 6:05am Jan 18, 2013 6:05am
Quoting GDR3k
edit again, pending buy order on GJ @ 142.81, fresh demand area, low risk.
Looks like its found some support around the whole number/daily pivot area, I ain't entering though until it hits my order down at 142.81 with the stop just under the previous low, let the market come to me, I can't go to it.
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  • #1,534
  • Jan 18, 2013 6:37am Jan 18, 2013 6:37am
BUY EU @ 1.3344 daily pivot
SL @ BE
TP undefined
Follow the smart money. Follow the probability.
  • #1,535
  • Jan 18, 2013 6:49am Jan 18, 2013 6:49am
Quoting Fractal
BUY EU @ 1.3344 daily pivot
SL @ BE
TP undefined
Nice, I've got a sell order on EU @ 3381, on the chance is bounces back down. Very low risk.

Edit, what a whipsaw.
  • #1,536
  • Edited 7:11am Jan 18, 2013 7:01am | Edited 7:11am
Quoting GDR3k
Nice, I've got a sell order on EU @ 3381, on the chance is bounces back down. Very low risk.

Edit, what a whipsaw.
Wow. I am quite wrong. Miss a big decline.
should TP at M5 level and sell down.
Follow the smart money. Follow the probability.
  • #1,537
  • Jan 18, 2013 7:14am Jan 18, 2013 7:14am
Quoting Fractal
Wow. I am quite wrong. Miss a big decline.
should TP at M5 level and sell down.
Buy order on EU hit @ 3304. SL 3242

Closed for +20

May look to get in again on another retest of the low, or a rejection of the 3350 area.
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  • #1,538
  • Jan 18, 2013 7:17am Jan 18, 2013 7:17am
Quoting GDR3k
Buy order on EU hit @ 3304. SL 3242
your H1 level works. I like forex. every day gives big chance which rarely happen in real life.
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Follow the smart money. Follow the probability.
  • #1,539
  • Edited 7:48am Jan 18, 2013 7:21am | Edited 7:48am
Quoting Fractal
your H1 level works. I like forex. every day gives big chance which rarely happen in real life.


Damn snow.
  • #1,540
  • Jan 18, 2013 8:08am Jan 18, 2013 8:08am
Quoting GDR3k


Damn snow.
yeah. this week is over. nice weekend.
Follow the smart money. Follow the probability.
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