Forex Day Trader's Thread

[Tiger21Invest]

Strong EU and US data this morning should continue the EUR on its upswing vs. the USD. In the US: initial jobless claims unexpectedly decreased to 530k last week and in Germany, Europe’s biggest economy, it is lowering its planned 4th quarter issuance of debt by 22% because of a reduction in funding needs. The adjustment is because of improved funding conditions and reduced borrowing requirements. The euro continues to increase this morning and I expect further upside.

 

[bbc1183]

im short euro... 1.4785

 

[bbc1183]

covered... +12

 

[bbc1183]

obvi its going lower now since i got out

 

[bbc1183]

that sucks... so obviously a rising wedge in hindsight

 

[bbc1183]

this could get ugly if it breaks down through last nights lows

 

[bbc1183]

got back in short 1.473...keeping a close eye on it

 

[cpngtw]

looking to go long around 1.4705

 

[bbc1183]

covered for +20.... and i would keep any longs really tight... if it breaks down much lower it could get really nasty

 

[bbc1183]

why oh why could i not stay short from 1.4785, that sucks

 

[N Rothschild]

covered 200 points on crude. (had a stop and reverse in place)

 

[N Rothschild]

cant believe i covered my gold short lol at 1015!!

 

[bbc1183]

covered 200 points on crude. (had a stop and reverse in place)

nice trade

 

[cpngtw]

nothing from this euro

 

[cpngtw]

why oh why could i not stay short from 1.4785, that sucks

I wish I kept my short of cable @ 1.6105, but got 50 pips anyway

 

[Pippy5000]

I don't think Cable could have much downside left today.. it's come a long, long way..

 

[N Rothschild]

who wants to come with me 2 poke the gold bugs with a sharp stick?

 

[Pippy5000]

I'm telling you Cable is about to pop up.. it came down 320 pips in 8 hours.. pretty extreme

 

[Alg]

I don't think Cable could have much downside left today.. it's come a long, long way..

Yep, but just little wait for 1.6027.
It will be Stop hunting now in minute.

 

[Pippy5000]

With the exception of yesterday equity weakness over the last month or so is always reversed by the end of the day.. the only reason it wasn't reversed yesterday is because it happened in the last hour or two.. Traders are buying equities on dips in the belief that the rally will continue.. if they do not buy them today then it will be a good sign that the rally is over and the big correction will be underway