Forex Day Trader's Thread

[Pippy5000]

12:00 GMT for BoE event..

 

[bclee66]

recession risk growing on asian open all stocks heavily selling off.
Yen chf and usd good buy at current writing.
ej moving down to 113
gj moving down to 127

risk aversion back on asian open.

 

[Pippy5000]

If anyone's really getting their ass kicked lately you might want to try playing the USD/JPY range.. It will take a minor miracle to get out of the 91 to 88 range it's been in for 6 weeks.. buy mid 88s and sell mid 90s.. USD/JPY doesn't move much so you can put a full lot on it either way..

actually it dropped to 87.3 for about 30 minutes during a panic flight to JPY .. other than that for the last 6 weeks you can make a killing playing the range..

Cable and Euro are crushing my soul lately.. I'm pretty sure I'm negative playing both..

 

[bclee66]

pound pressure down ahead of boe interest rate decission today.

good short gj gu gchf before boe decission.

 

[SSINGH]

have been short gbp/usd ....however there seems to be resistance at 14410....its struggling to push through.....

 

[RidderTrade]

the euro/usd is quite confusing.. lately..
look for a break of 127.90 for any clue lower.

 

[RidderTrade]

and on the other side a break of 130.70 for an upside solution..

 

[tripleogstar]

I am not expecting the BoE to cut rates. Could see a sterling rally. I will go long, but very small to start with

 

[RidderTrade]

how many time left for Boe decision trip?

 

[RidderTrade]

whoops.. it was 18 minutes ago..

no rate cut... euro/gbp starts to plunge

 

[RidderTrade]

Correction: BOA CUTS RATE, AND ECB STAND ON PAT..

this hour will decide about euro, a double key reversal is possible to UPSIDE OR DOWNSIDE

stay tuned

 

[tripleogstar]

I reckon euro going down

 

[tripleogstar]

Market waiting for this speech by Trichet

 

[RidderTrade]

double key reversal bearish (hourly chart) euro

 

[RidderTrade]

euro is about to plunge.. does not matter if trichet says frog or bird

if euro to skyrocket, than the market is not to trust, and one should go to the sideline

 

[tripleogstar]

There seems to be some support on the eur/usd at 1.2812 area

 

[tripleogstar]

Have you shorted rid, what level you getting in at. I entered at 1.2821 short

 

[RidderTrade]

tripster, shorted FTSE100 no pos. on euro at this moment.

 

[RidderTrade]

but it will have the same outcome

 

[RidderTrade]

well did he say Frog or Bird.. ?..

it just doesn;t make any difference