Forex Day Trader's Thread

[N Rothschild]

****ing crude

 

[Masquerade]

I'll short 1.466 .. seems to be some intraday resistance there..

I'll take the long up to there then see what happens.

 

[vinicius]

Why short if the price is doing HH & LL and the main trend is heavily up? The break of resistance at 1.463 was, imo, a change of behavior..

I would love to buy it at 1.4445 but i dont think it will go there..

 

[bbc1183]

just depends on your time frame....its clear the longer term trend is up (at least for now) but that doesnt mean there arent great chances to short.

 

[Tiger21Invest]

Euro is still stronger on the day despite a weaker than expected ADP number – private sector job loss was 254k vs. the 240k survey estimate. Possible rationale is the Q2 GDP was revised upwards to a loss of 0.7% vs. the previously stated 1%.

 

[Pippy5000]

EJ you choppy son of a bitch!

get down here and touch 130.7

 

[wh92stang]

Buy stop on Aud/Usd at .8838

 

[wh92stang]

Buy stop on Aud/Usd at .8838

No follow through. Out with 3 pips.

 

[Pippy5000]

I'm moving Euro short entry to 1.4682

 

[Tuky]

No follow through. Out with 3 pips.

Beter sell here

 

[Pippy5000]

Shorting EJ here in front of double SMA resistance..

 

[bbc1183]

Euro is still stronger on the day despite a weaker than expected ADP number – private sector job loss was 254k vs. the 240k survey estimate. Possible rationale is the Q2 GDP was revised upwards to a loss of 0.7% vs. the previously stated 1%.

unless u are a real long term investor i would advise not worrying too much about those kind of fundamentals.... the real money is going to be made trading the short term technical support and resistance levels. it requires a great deal of liquidity (starting capital) to be able to sit through the market fluctuations stemming from conflicting fundamental data, especially in the current marketplace. just my opinion though....that type of trading requires way more patience than i have haha.

 

[bbc1183]

absolutely horrific equity rally going on by the way... im glad im not trying to trade it right now

 

[midtermtrader]

dow 10k here we come!!

 

[vinicius]

I`m long cable

 

[Pippy5000]

that's the most obnoxious S&P chart I've seen in a long time..

 

[Pippy5000]

I should have kept my Euro entry at 1.466 .. would have hit the target at lunch!

 

[Pippy5000]

I'm long Euro with very tight stop .. 1.4638

 

[cpngtw]

I think euro is in a doldrums. Probably choppy for the rest of the afternoon

 

[Pippy5000]

that's fine.. just as long as it chops its happy ass upwards