Forex Day Trader's Thread

[Mr10%]

LOL

YouTube - TC & Caspa - Cash Prize Monies (Adgdgwngo Remix)

 

[Pippy5000]

You're really pissing me off.. stop it now.. not funny

 

[Masquerade]

You going long $/Yen soon?

 

[TAjammy]

usd/jpy hasn't quite hit its lows yet, i'd wait for a double/tripple bottom to form with a huge bounce and pullback, wait for another bounce and buy the pullback of that

 

[Pippy5000]

no, Mask.. The Japanese are on holiday today for the silliest reason yet.. "Health Sports Day" [snicker].. I don't trust the price action at all.

 

[Pippy5000]

the price action in all JPY pairs should tell you all you need to know about what the rest of the day will be like.. silly..

 

[cpngtw]

urgh... Jap holiday & US holiday tomorrow... I'd better take night off tonight & day off tomorrow too

 

[Masquerade]

US holiday too?!? Gosh, i'm terrible for not realising that. Anyway, i've got 3 positions open from friday - i'll leave those and see if there's anything interesting going on.

 

[Pippy5000]

hmmm.. US holiday? I didn't know that either.

 

[Pippy5000]

Ok, I can't resist.. I'm not going to try the -$300,000 short ninja trade in these conditions, but I figure if spot can break 89.9 then stops will shoot ninja up to 90.1 where it will have a hard time getting past.. then there's the daily SMA for a little extra resistance right behind there.

Soooo.. -$100,000 90.4 with a 23 pip stop gives two sets of strong resistance

if it fails I wouldn't be surprised if it comes down really hard.. target is 150 pips.

 

[Masquerade]

How do you control the gambling shakes? My finger is hovering over the buy for USD/JPY

 

[Pippy5000]

I probably wouldn't buy it 10 pips before resistance

My usual move is to **** the math up after a beer or 8 and go long 3 pips before resistance..

 

[Masquerade]

I don't care about that as it's only short term and got a high chance of going. I'll give it a miss seeing as i'm currently kind of exposed. If my book was empty i'd go long no problems.

 

[Pippy5000]

looks like it's trying now.. I might get filled

 

[Masquerade]

I might chuck my brain out the window and take that long. The state of my positions I may as well make something on the yen.

 

[Pippy5000]

why not just use a buy stop ABOVE the resistance

 

[Masquerade]

Can't really afford the exposure & I get bored with yen pairs. I don't necessarily want to take the trade - but I might end up out of impulsiveness.

 

[Pippy5000]

I haven't had a trade since Wednesday

 

[Masquerade]

Maybe because you're a felon? How many do you normally take per day on average?

Doesn't matter about usd/jpy - if it keeps going up i'll make 3x the move elsewhere.

 

[Pippy5000]

DUI is a misdemeanor, but a serious one.. I'm wondering if the library will be open tomorrow. God knows Columbus Day is a serious holiday. Not quite up there with "Health Sports Day" [giggle] but important..

if you're really itching for a trade look at the EU dailies and notice the perfect bounce off of SMA support last time it got near.. it's nearing there now.. probably worth a try.