Forex Day Trader's Thread

[RidderTrade]

sold off may coffee at 112.00 last week , s/l 114 target 94.00

euro i dont trust it.. at this stage.. i poker that euro will make new lows first

 

[HUMBLEJOE]

brave move considering we are expecting a 50bp reduction on thursday. good luck

 

[Pippy5000]

Euro isn't doing much of anything..

 

[Pippy5000]

I believe the rate decision is Friday and plenty can happen until then .. Cable is down due to general USD strength but Euro is being supported by EUR/GBP cross-action.. A rally in stocks will give me a modest profit on Cable..

 

[Pippy5000]

banked Cable +30 pips!

overall it looks pretty awful though..

 

[tripleogstar]

dow is gettin crushed

 

[Rambo09]

Is this not a repeat of the disaster of Oct 26th

 

[hairyman]

worse than the oct 26th.. methinks

 

[RidderTrade]

brave move considering we are expecting a 50bp reduction on thursday. good luck

oh but i did not take position on euro

 

[hairyman]

anyone considering short on the usd/yen.. starting to look attractive?

 

[Countvonaltibar]

ej has hit a significant level of 121.84, hopefully heading lower

 

[Pippy5000]

He was talking to me about my Cable trade .. I actually could have had 110 pips on that one ..

He's right about the rate decisions .. they are thursday not friday ..

I'm short EUR/USD 1.263 and I have a big buy stop in USD/CAD at 1.303 .. If we break that triple top there are likely to be monstrous stops up there. I want to ride it wherever it's going..

I think USD/JPY can come down into the 96.5 area and I would buy it there..

 

[Pippy5000]

not much to talk about today .. boring .. ranges held once again ..

 

[atholh]

EURUSD at a pretty interesting point at present - currently at support on the long-term bullish trend line going back to 2001 on a point-and-figure chart.

 

[Pippy5000]

There's an option at 1.25 being vigorously defended.. I'm sticking with the ranges until Thursday, then the long-term trend line will be broken and the move to 1.14 will unfold.. There will be another short-squeeze tonight on anything less than utter devastation on the Nikkei 225.. I'm waiting for a little bit more of a dip to go long EUR/USD and will reshort higher .. I have some mammoth sell stops below the 2008 lows ready for Thursday though..

 

[RidderTrade]

again boring day.

 

[hairyman]

i did not do too great on the short on usd/yen.. B@UT am considering further shorts tmrw..
also will be looking to short euro/usd.

 

[RidderTrade]

pip still alive?

 

[Pippy5000]

I'm here .. just waiting on the rate decisions tomorrow to make any big moves..

 

[RidderTrade]

went long yesterday euro from 1.2560 to 1.2650