Forex trading live calls and set ups

[wackypete2]

Its funny I thought this forum was full of fulltime traders but now I see that isn't the case who here trades fulltime?

I've been fulltime since March 2009.

I'm not a full time trader. I own a small business which is why I generally take the summer off from trading--- no time! I would have no problem being a F/T trader if necessary, however, I enjoy running my small business and I believe that a part of my success in trading is having no pressure to perform. No stress of having to make next month's mortgage payment, etc = better trading.

Peter

 

[leovirgo]

Been trading FX full time from home for 9 months, since taking voluntary redundancy. Traded FTSE individual stocks part time for two years prior to that, I'm still about £10K down from where I first started, but have gone from losing weeks, to break even weeks and am now starting to see some profitable weeks...

It's a long winding road to consistent profitably and anyone who thinks this is easy money is an idiot.

In my experience, I find that it is better to be profitable before calling live trades. If I feel that I am losing my discipline, then I stop calling live trades.

 

[leovirgo]

I'm not a full time trader. I own a small business which is why I generally take the summer off from trading--- no time! I would have no problem being a F/T trader if necessary, however, I enjoy running my small business and I believe that a part of my success in trading is having no pressure to perform. No stress of having to make next month's mortgage payment, etc = better trading.

Peter

very true

 

[Lord Flasheart]

I'm not a full time trader. I own a small business which is why I generally take the summer off from trading--- no time! I would have no problem being a F/T trader if necessary, however, I enjoy running my small business and I believe that a part of my success in trading is having no pressure to perform. No stress of having to make next month's mortgage payment, etc = better trading.

Peter

Exactly

 

[ha0dho]

usdjpy stopped out -22 pips

usdchf long

0.97830

sl 27 pips

Another loss -27 pips thats now three in a row time to quit my system (joking)

Just taking the loss and move on

Done better last week two big winners.

Nevermind

 

[jon1971]

uc stopped out -20 re-entered 710 20 pip sl

 

[jon1971]

In my experience, I find that it is better to be profitable before calling live trades. If I feel that I am losing my discipline, then I stop calling live trades.

Yeah, fair play LeoVirgo, I quite like the social aspect tho', will have to find a local arcade...

PS. reason for longing UC is price reacting at bottom of the trend channel.

 

[Lord Flasheart]

moved stop on my gbp trade to 1.5925 just above line. May also add in at 15915 ish

 

[Lord Flasheart]

gbp right on line,nearly stopped me out

 

[Lord Flasheart]

didnt get chance to add in,still hope line was put in right place

 

[jon1971]

uc 50% off at +20 rest to b/e, eyeing a short on aussie

 

[redart]

trying a short here at 1.5896

 

[leovirgo]

have any of you tried Strategy Trading with tradestation?

 

[jon1971]

No, I just use price action, a bit of VSA using tick vol, S&R incl. trend lines, fibos & pivots and not much else, I did away with oscillators and the like a while back, too many false signals.

Studying Wyckoff in an attempt to learn to read accumulation and distribution patterns, I try and view the market structure in terms of order flow.

 

[Lord Flasheart]

When I first stated trading I used vsa,whats it like now

 

[Lord Flasheart]

gbp right on line,nearly stopped me out

Lokks like the line was drawn pip perfect,shame i didnt wait and trade from there.Still going nicely.

I just started a thread about what i could do along side trading and there were 16 viewers on it and on this thread where there are traders calling their trades with charts and methods,there were 6.What does that tell you

 

[redart]

trying a short here at 1.5896

out here +20

 

[jon1971]

When I first stated trading I used vsa,whats it like now

Yeah OK, my system is not totally based around it, but it just gives me an idea of when strength and weakness is coming into the market, test bars, no demand/supply etc. just gives a little edge when trying to predict potential continuations or reversals.

It's not 100% effective as nothing is, but seems to be working OK, I'm still studying all the nuances of the various spread and vol formations and what they mean. I find the climax buy/sell and stopping vol bars have reasonably good predictive powers, right more times than they're wrong on 15 min FX charts, so better than 50% which by definition constitutes an edge.

 

[jon1971]

uc 25% off at 740 +30 pips, sl on remaining 25% left at b/e

 

[jon1971]

Looks like I've missed that short entry on Aussie, not going to chase, there'll be another train along soon enough...