Forex Day Trader's Thread

[cpngtw]

my stop and reverse in Cable is up as well... targeting in the mid 1.54s on the breakout of major resistance..

good one

 

[cpngtw]

I like the JPY pairs !

 

[cpngtw]

took another quick 80 pips on the pairs. good for the day. Look to reentry later for longer term

 

[cpngtw]

checking a possible short on EUR/GBP ... good candidate

 

[cpngtw]

short EUR/GBP @ 0.8900 - 30:60 R:R

 

[Pippy5000]

long EJ after a nice deep dip

 

[Pippy5000]

mmm.. nope .. killed at -20 .. dumb impulse trade..

 

[RidderTrade]

update eur/gbp

long EJ after a nice deep dip

triangle pattern invalid. , however the decline is corrective

again long 0.8889, a stop at 0.8800 should be enough for a buy and hold trade, if it comes that low, than probably the outlook will turn bearish for the euro/gbp

 

[RidderTrade]

target should be at least 0.9180, however if the rise develops we must look (if the rises comes at all? ) if there is a chance it will move towards parity

 

[Pippy5000]

switching to short to get those back and more

 

[RidderTrade]

dont buy anything against usd or jpy, there will be more upside for them, short term

 

[wh92stang]

USD.CHF just took off. I got in at 1.1062 and out at 1.1097 for 35 pips and it proceeded to break through all the way up to 1.1140+ but now it's retreating just a bit.

I thought it would hit that resistance at 1.1100 pretty hard but it broke through.

 

[RidderTrade]

dont buy cable, it can be stable short term, but after that it will plunge like it has no value at all

 

[cpngtw]

mmm.. nope .. killed at -20 .. dumb impulse trade..

I think you pick the righ direction, just got kicked out prematurely

 

[Pippy5000]

I have no idea why EUR/JPY just rallied about 55 pips .. stocks are making new lows..

 

[cpngtw]

dont buy cable, it can be stable short term, but after that it will plunge like it has no value at all

Agree. Cable is topping, but will take quite a while for it to plunge

 

[Pippy5000]

I'm thinking short squeeze.. pretty scary but I think we should get back on track now..

 

[Pippy5000]

A stock plunge shouldn't cause Yen weakness..

 

[cpngtw]

Agree. Cable is topping, but will take quite a while for it to plunge

This is a good time to play swing trade on cable, range probably around 1.528 - 1.510, just be careful when you place your trade or get burned

 

[cpngtw]

my short on SPY & XLF look good now ...