Forex Day Trader's Thread

[RidderTrade]

MACD Histogram dailies just dipped negative for the first time friday..

DMI on the dailies is 30/16 ADX=41 .. up trend is weakening ..

daily Parabolic SAR level 1.455 a failure here or at 1.47 will cause me to load the trade with many lots going short..

I was just sent a signal EUR/USD sell 1.3845 from breakout2 strategy which has produced 98 pips per trade on average in the last 6 months with 41% success.. Their stop is at 1.44 .. They are already short but I intend to place it safer and wait for a rise.. or enter short at 1.375 or so should the price not rise high enough..

current price is 1.3906

we could see some rise.. we will wait..

 

[Pippy5000]

My market is open!! here we go week #1 2009!!

 

[RidderTrade]

My market is open!! here we go week #1 2009!!

Yes here we goooo...

What time is at.. at yours pippy500?

 

[RidderTrade]

Yes here we goooo...

What time is at.. at yours pippy500?

euro around 1.39

light crude sharply up at future opening more than 3%

 

[Pippy5000]

I'm -6 GMT .. I get to trade Sunday afternoons.. sadly, I don't have one yet .. I'm thinking of trying the top of the mini-range we're in at 1.4125

 

[RidderTrade]

I'm -6 GMT .. I get to trade Sunday afternoons.. sadly, I don't have one yet .. I'm thinking of trying the top of the mini-range we're in at 1.4125

1.3762.. cited levels 1.384 5 and 1.3790 broken without any problem

 

[tripleogstar]

y did the euro tank?

 

[KillPhil08]

It broke a trend. And it's overbought.

 

[tripleogstar]

y the hell did the dollar rally against all major currency pairs

 

[RidderTrade]

overnight it went up about 100 pip. i saw it , i was awake.. Euro/usd

lets see.. now down about 170 pip

 

[tripleogstar]

Do not think the dollar shud have rallied this much, u have non farm payrolls on friday,

 

[RidderTrade]

short term indicators.. a while ago pointed.. to this .. , the market (with bigger volume) has right.

 

[szafar]

short term indicators.. a while ago pointed.. to this .. , the market (with bigger volume) has right.

Is EURUSD oversold? RSI droped to over sold on hourly and 10 mins chart

 

[RidderTrade]

yeah.. it is.. but i dont look really at those little time frame scales..

actually.. euro/usd fall like.. if you throw up a heavy stone, which turns to surface.
in the last 1.5 hour

 

[tripleogstar]

dollar sell off later in the session?

 

[WallStreetHero]

is there anyway these rallies can be pridicted before it happens

 

[N Rothschild]

dollar on a nice come back here, gold is also taking an absolute kicking!

 

[WallStreetHero]

well yes they are linked so it would happen.

 

[N Rothschild]

linked in what way? a rallying dollar does put downwards pressure on gold but id hardly say gold tracks the dollar...

 

[RidderTrade]

is there anyway these rallies can be pridicted before it happens

sure, a while ago.. i saw this in my indicators.

actually i said with euro usd around 1.42

euro is preparing for fall