Spot FX Day Trader's Thread

This thread is for spot forex day trader's to post their trades, posts rumors about potential large orders and discuss live economic events affecting forex trading. Posting trades for periods longer than 48 hours is ok as long as you post supporting charts.

i.e. don't just say, "I think Euro could hit 1.51 in 3 months" without posting a chart detailing the technical break or fib extension or whatever other reason you are making your claim. These kind of posts are irritating and unhelpful otherwise.

Please post trades like this:

[Long/short] [pair] [entry] [stop loss] [take profit]

Most of all do not be rude to anyone else on the thread.

I am long USD/JPY 90.85 s/l 90.37 t/p 93.6

I like that we've shaken off the o/b conditions on the dailies with this bout of USD weakness.. the next try on 94 should have some legs behind it, unless 90.4 breaks down in which case I will be quite unhappy

Hey Pippy.

I am also long UJ. I've been accumulating a position through the day. My average cost is 91.08. Gotta go workout and then to class soon, but I'm going to leave this open. I'm pretty confident it's headed up for the short-term.

this feels good, fresh start at forex factory!

(position tanks with no stop)

I feel very good about our chances for a USD rebound.. Check the spinning tops in EUR/USD and the USD index.. I really thought Euro would tank last night and it probably would have were it not for that announcement out of China that screwed everything up.

NOW the USD will rebound <gulp>

I have a huge amount of money on this .. I can hardly look

Yeah, I had more than my normal position on it too. I scaled into my position from 91.34 down to 90.76 with my average being 91.08, and a bigger position than I wanted. Closed part of it at 91.22. Holding the final contract for a more sizeable rebound.

We had a great start but we posted Mt. Fuji on today's Nikkei chart.. it looks really bad to tell you the truth..

but I won't be awake when the downside is tested.. I'm thinking there will be orders galore 90.5

I'm long on the jpy myself right now. I shorted the aud sunday night but bailed for a nice profit today. I think the eur and aud are going to make a nice move down, but for now I'm sitting out and waiting for a good place to get back in short.

UJ hit my target overnight so my position is closed. I'd be careful with a long at this point. It still looks ugly on the daily and hourly charts. I'll be waiting for action at the 90 area for another entry.

If EU get's up to 1.46 I'll be looking at a possible short if the action is right. Probably only a short-term trade though because it's in a pretty strong uptrend.

I think the USD is coming on strong.. I think you may have bailed early

I probably did bail early, but I'm not really comfortable holding positions for longer terms. That's the one thing I need to work on.

I have been short GU since this morning though, so I'm all for dollar strength.

Out of GU for +35 pips.

Out of USD/CHF for +30 pips.

Good morning so far!

I'm up 40 on UJ.. I think the pressure is upward but stocks aren't cooperating. I think the Beige book is today and that will trump everything anyway so it doesn't much matter what stocks want to do.

Short GU again at 1.6297. Only 1/2 position though. If it blows through 1.63 and takes out stops I'll short some more.

I'm being too impatient again probably, but I'm taking a few pips on GU and flattening out for the Beige book. Good profits so far today and I don't want to give them back.

I think that's the wise decision.. I'm sticking with my ninja trade come hell or high water..

You might have second guessed yourself on that one.. looks to be tanking.. Still beige book could cause it to go either way so flat isn't too bad of an idea.

Yep. Doing what I expected it to do now.

You going to take profit's on ninja anytime around 91.6-91.8? Or still holding for a longer swing?

holding til around 94, but I'll move the stop up on a break of 91.8