Forex Day Trader's Thread

[Pippy5000]

Still short Euro and Cable.. The head and shoulders pattern in Cable is really quite beautiful on the 2hr charts.. check it out..

 

[cpngtw]

I think the cable is down in general, but the shorter term it may be up a bit to visit near the 15300 level before going back down. Not really cleared though.

 

[cpngtw]

The head and shoulder is not fully formed until it's back down to the (supposed) neck line, so I don't know if we could rely on that pattern. But if we look at the H4 channel it formed since 4/22 then the price has dropped down of the channel and then retraced back to the bottom of the channel. From here it supposes to go back down again. Mix signals.

 

[cpngtw]

But if I have to bet the I'd take the short side

 

[Pippy5000]

yes, but if wait for the pattern to emerge you will have already missed the best entry point.. resistance is extremely stiff tonight.. German GDP might be the catalyst for a completion of the patterns, or could invalidate them with a breakout.. EITHER WAY this is a great place to take a position with a stop and reverse ready to roll... hard to lose

 

[Pippy5000]

German GDP much weaker than expected.. I'm rich..

 

[teezeike]

German GDP much weaker than expected.. I'm rich..

Long term trade. Long Eur/usd stop just below 13400 and target 14300.

 

[RidderTrade]

Update: Euro/GBP

Long term trade. Long Eur/usd stop just below 13400 and target 14300.

i am still looking higher in euro/gbp.
I am currently working with a triangle pattern in eur/gbp. After that i am expecting euro/gbp tot surge to 91xx

current price is 0.8940

stategy invalid with a fall below 0.8915, then a fall to 0.88x will occurr before a push higher

 

[RidderTrade]

Update: Euro/GBP

i am still looking higher in euro/gbp.
I am currently working with a triangle pattern in eur/gbp. After that i am expecting euro/gbp tot surge to 91xx

current price is 0.8940

stategy invalid with a fall below 0.8915, then a fall to 0.88x will occurr before a push higher

updated

 

[RidderTrade]

i'm long eur/gbp at 089.2x stop-loss 08907, i use this tight stoploss because i know the pattern is invalid below 089.15.

 

[RidderTrade]

update: euro/jpy

i'm long eur/gbp at 089.2x stop-loss 08907, i use this tight stoploss because i know the pattern is invalid below 089.15.

euro/jyp is declining impulsively, downward pressure will stay

 

[cpngtw]

Cool, Pip got them big

 

[SSINGH]

i cleaned up too....

Have been playing Long Dollar and Long Yen strategy for a while now....

S&P 500 looks like it will grind lower....

 

[cpngtw]

Long USD/CHF @ 1.11058, short AUD/USD @ 0.75344. Let's see. Got the JPY pair short right last night. Look like i'm getting something shorting SPY & XLF

 

[SSINGH]

I think that there is a chance for Eur/USD to pop up to around 13600 and then drop...same for Eur/JPY should pop up to around 12920 and then resume down move.....I will probably add to my shorts when they pop up.

USD/CHF long looking good....but looking for a drop to 1.1090 before moving up....I'll be looking to add to the position here...

Need to do something with Cable....

 

[cpngtw]

Hmm something wrong here, impulse trading or lack of morning coffee maybe? running & back in 1hr, there maybe 2 SL hit

 

[cpngtw]

stopped out

 

[Pippy5000]

my target was hit for a handsome profit in Euro and I got stopped in Cable.. I'm up 85 today

 

[cpngtw]

Got 85 total on JPY pairs last night, but minus 40 from 2 "lack-of-coffee" trades this morning

 

[Pippy5000]

my stop and reverse in Cable is up as well... targeting in the mid 1.54s on the breakout of major resistance..