Forex Day Trader's Thread

[N Rothschild]

im done for today

 

[Pippy5000]

I have no idea what's causing this rally..

 

[KillPhil08]

breakouts...

 

[N Rothschild]

I have no idea what's causing this rally..

ditto hence im done, regroup 2morow, had 3 losers already

 

[N Rothschild]

breakouts...

yeh but me and pippy trade more fundamentally really

 

[Pippy5000]

How much did you lose today Gene? I'm down -84 pips banked and I'm riding a 30 pip loss right now..


UGH!

 

[N Rothschild]

about 100 pips, short the dow at the moment tho +30 hoping for more weakness

 

[Pippy5000]

However Euro seems to be failing and will post a bearish candle on the hourlies..

 

[N Rothschild]

tbh i think some prick is just bidding it up on thin volume so they can slam it back down again and will be the blood of all those longs which will take it down..just a theory ofcourse and been stopped out twice trying to implement it lol

 

[tripleogstar]

I'm glad I didn't get in, I am just going to wait till american markets close. I wil short gbp/usd and eur/usd before asian sessiion starts

 

[tripleogstar]

the dollar is getting absolutely hammered. Can't see no real reason for it. I think your right Genic, just game playing going on at the moment. oil getting smashed today as well

 

[N Rothschild]

im taking ONE last stab at cable, short from 14832

 

[N Rothschild]

this just came accross the wires, made me laugh.

Monday, April 13, 2009 5:38:05 PM
(CH) Update: Chinese Govt researcher forecasting property prices in China to fall by 50% over next two years - FT

 

[N Rothschild]

 

[KillPhil08]

rofl, nice

 

[tripleogstar]

lol 50% fall. Would love to see that here in London

 

[N Rothschild]

well i own my house outright so if prices fell 50% i think id top myself lol

 

[N Rothschild]

right think the bulls have had there last push in the indexs lets see if this can drag the dollar up a bit!!

shot of the dow futures hourly

fyi there half past houlry candles, i.e 2-30-3.30-4.30

crude rallying, gold selling off

 

[Pippy5000]

Thin liquidity gayness.. Big bank sets off stops..

Well, I'm still short and EUR/JPY and EUR/USD seem to be running out of steam.. Last hour's candle posted a really long wick.. Every other time that has happened on the hourlies and nice reversal happened.. So I'm watching my sorry trade twist in the wind at -31 pips..

 

[N Rothschild]

equities rallying on..

Monday, April 13, 2009 6:18:11 PM
White House: President Obama to make a "major speech" on economy tomorrow, discussing transition from recession to recovery