Forex Day Trader's Thread

[benmaya]

I grabbed Euro 1.4322 in my sleep and got 40 :cheesy:

missed ninja long by a few pips..

All I get in my sleep is some kicks from my baby... well done!

 

[Pippy5000]

ninja order may get filled.. I want a bounce off the daily SMA

 

[bbc1183]

doesnt look like theres much going on in eur today, see what this afternoon brings. is there a 1pm auction today?

 

[bbc1183]

does anyone else who follows wave theory think that the possibility exists that this is just a minor correction in the eur/usd in the midst of a larger wave 5 on its way to the 1.47 area? personally i dont think the pair can go much higher than the 1.445 we saw but am prepared for both scenarios. any thoughts?

 

[cpngtw]

This one I don't based on wave but 1.46-1.47 is very possible. Time 1-2 months

 

[firscall]

does anyone else who follows wave theory think that the possibility exists that this is just a minor correction in the eur/usd in the midst of a larger wave 5 on its way to the 1.47 area? personally i dont think the pair can go much higher than the 1.445 we saw but am prepared for both scenarios. any thoughts?

Sorry, I'm new to the lingo used in this thread, by Wave theory you simply mean Elliot Waves and Fibonnaci...right?

 

[Tuky]

does anyone else who follows wave theory think that the possibility exists that this is just a minor correction in the eur/usd in the midst of a larger wave 5 on its way to the 1.47 area? personally i dont think the pair can go much higher than the 1.445 we saw but am prepared for both scenarios. any thoughts?

I also think there is a possibility that USDX touches 76 before correction

 

[bbc1183]

yes im referring to elliot waves

 

[bbc1183]

nice little drop here in eur/usd ...holding short, not covering

 

[N Rothschild]

crude getting absolutly raped

 

[N Rothschild]

http://finance.yahoo.com/tech-ticke..."-Prechter-Says-Why-That's-Not-Such-Good-News

 

[cpngtw]

The decline in equities is inevitable, the question is when, not if. This time it'll be lower than the last low. Maybe another 6-9 months

 

[RidderTrade]

back in town.. noticed the maximum bounce happened..and then euro/usd reversed..

 

[cpngtw]

how was your trip Riddd

 

[RidderTrade]

nice, how are you cpppppppppppppppppppppppppppppppppppppppppppppppNGTWW

 

[RidderTrade]

I also think there is a possibility that USDX touches 76 before correction

this chance is very slim

 

[cpngtw]

I'm doing fine

 

[firscall]

Expecting GU 1.6 & EU 1.39 by the end of the month.

bump

 

[bbc1183]

this euro trade short is really starting to pay off for whoever was able to hold on. i am personally not going to cover this position until it gives me a reason to. My thoughts are that it could go much lower.

 

[RidderTrade]

usd index the correction from last thursday,friday now looks like a correction..
usd has passed the top in only 1 day.. moreover the correction down was only 3 waves.. it looks like usd index wants to travel far higher..

indeed .. the recommendation was to buy usd around 77.and hold medium term..

dont take profits too early.. let your broker sweat