Forex Day Trader's Thread

[Pippy5000]

EUR/USD hit my entry point perfectly at the 50% fib and is up 50 pips.. BOOM!

 

[Countvonaltibar]

eur/usd seems to find support just above 131, almost stalled at the moment although seems the trend downward could continue unabated.

 

[Pippy5000]

Yes.. I got 100 pips in two separate bounces off the fib but I think I would rather sell strength to the 61.8% retracement level.. It's no longer oversold on the 1HR Stochastics

 

[RidderTrade]

Saw some pretty flight down for the euro since it hit.. 1.37x after fed announcements.. well.. again.. news does not make the trends..

enjoy

 

[Pippy5000]

Alright here's another impending beauty.. Notice the double top on the EUR/JPY dailies and then look at the reading on 1HR stochastics.. if EUR/JPY continues to rally we will see another attempt on this double top and the stochastics will be screaming overbought simultaneously at 60+.. Essentially, we could see a triple top and that would tend to magnify selling of EUR/JPY to our great favor. This could be a 700 pip trade..

One thing that's a bit quirky about this trade is that the 50% fib level on the WEEKLIES comes in at 1.345 so you have the option of using less leverage and burying your stop behind the GIANT FIB LEVEL or you can just use a standard 35 pip stop, or two trades...

I'm putting my stop loss 25 pips behind the fib and doubling the lots 10 pips in front of the fib thereby risking approx $2,500 for a potential $28,000+ trade..

 

[Pippy5000]

I'm changing my entry order to -$400,000 at 134.3 stop 134.8

 

[Pippy5000]

Shouldn't have changed it Would have made some money ... entry order missed by 40 pips..

NOW I'm shorting Cable!

1.471 s/l - 85 pips.. adding lots at 1.476 t/p manual ..

 

[Pippy5000]

1.4775 is the 100% fib, strong resistance and the hourly stochastics are at 73

 

[Pippy5000]

entry point not ideal but the trade is now up 30 pips anyway..

 

[Pippy5000]

banked 30 pips.. look to reshort higher..

 

[tripleogstar]

where is Ridder these days

 

[Pippy5000]

Don't know..

I'm bullish EUR/USD to 1.379

 

[tripleogstar]

piippy, looks like your on your way to becoming a millionaire..lol. Your on a roll recently

 

[Pippy5000]

Get rid of the EUR/JPY trade.. I think the 50% fib will break within 24 hours.. I'm bullish on Euros in general..

 

[Pippy5000]

Yeah Trip.. the streak has to end soon, but it has been fun and encouraging.. I haven't had a loss in 2 weeks!

 

[Pippy5000]

Big resistance broken in EUR/JPY..

 

[Andytrades]

I had taken 93 pips profit on long EURUSD yesterday, today EURUSD looks exhausted.
AUDUSD is meeting a daily resistance, I am shorting AUDUSD today.

 

[RidderTrade]

Tripster

where is Ridder these days

hello, i am here...

i have mainly done some stock market trades..

 

[SSINGH]

shorted cable......hope this was not a mistake.....what do you think Pippy?

 

[KillPhil08]

hifive