Forex Day Trader's Thread

If anyone wants to learn scalping using limit orders here's how you do it..

Cable has moved 400 pips today and is running out of steam while simultaneously approaching daily SMA support and the slow line on the stochastic oscillator is reaching oversold on the 2hr charts.. the fast line is ridiculously oversold, but the red line isn't as important.. Anyway, doesn't matter if Cable ends up at 1.58 next week.. today it will bounce for 25 pips upon touching the daily SMA..

official entry will be 1.6295

How many periods is your daily SMA set at Pippy? I'm a bit worried about everyone looking for the fire escape 15 minutes before close as I'm sure UK's GDP number will send panic into Europe....

I can see the Sunday Times headlines now "Will the UK enter a DEPRESSION?"
 
50,100,200

I'll get rid of the order in about an hour.. looks to be threatening it now..

since the price action downward includes fresh shorts there will be profit taking in the last half hour.. the long liquidation has already happened.


it's Friday and as such there won't be a Europe for two more days ;)
 
50,100,200

I'll get rid of the order in about an hour.. looks to be threatening it now..

since the price action downward includes fresh shorts there will be profit taking in the last half hour.. the long liquidation has already happened.


it's Friday and as such there won't be a Europe for two more days ;)

btw, appreciate you posting your calls, tis nice to know what other traders are thinking
 
You're a spanner :LOL: Oh thanks btw, now my brother thinks I like looking at old man porn.

This isn't anything to do with me, TF was kind enough to give me his password earlier and I posted a lulzy thread about it with his account but the one he gave me isn't working any more. I think he's flipped and is using me as a scapegoat...
 
why is it that I tell my wife that I'm SERIOUSLY earning money (honest) and everytime she walks she sees pictures of good looking blonde ladies, then she sees a picture of simon Cowels brother then she sees this.....:confused: my trading days are numbered
 
Top