Spot FX Day Trader's Thread

you may be right, but I think it has a lot of downward pressure as long as it hang out below the 200 day MA. I think it could definitely retrace back to it...which could work out for you, but again I think the bias is downward, especially with the bad news for the euro and yen

WHOA NELLY..

Euro is about to TANK

Long term I definitely wouldn't be long EU. But I'm taking a long position for hopefully a 30 pip bounce. I guess I should clarify, this is a scalp only, not an overnight type trade.

gotcha...its pretty risky but could work.

so who remembers my call on EUR/GBP last week?

Taking my 15 pips on EU now.

Waiting for 1.422 for another long possibility.

good call stang

Yea, you guys are right, it's consolidating now, but easily could drop about 40-50 quick pips from here.

Maybe not.. disappointing US data just released could prop it up

Democrats lost in Mass.

it's supposed to be equity positive.. we'll see tomorrow.

thank god...yeah well see tomorrow, its going to be tough after todays rally, which most likely priced in the republicans winning, however good earnings always help.

If people in Mass elected a Republican I'd say the Democrats are totally doomed in the Fall.. Lame duck central here we come.

I wonder what Europe will do with EU tonight? I'll buy at 1.4145 .. there's monthly SMA support there.

hopefully sell...im long dollar against euro and yen tonight

glad I shorted euro last night...closed for 50 pips, took a small loss on yen. Im actually surprised at the yen a bit, it didnt move much of its ATR yesterday, and with the japan air bankruptcy I thought itd be a nice trade. After the dollar made such a swing against the euro I thought some of that would be seen against the yen.

I'm long UJ 91.1 .. waiting for a big move up

looks good, should have a big move if it breaks through the 91.3 area...their market took a dip last night and I still think the dollar hasnt been priced in on their end...I'll long in this area

I'm long EG. Looks to have found a bottom for now. Targeting a rebound back to the high .86's.

just waiting on China GDP here with a long UJ active

inline.. useless

ok.. a break of 91.5 .. sloppy as all hell but I'll take it..

Good day,

A long distant friend popping in. No trades of note really now as it's time to sleep. But i've been busy getting long of usd/jpy after miserably failing at buying eur/usd.

Tomorrow's plan (unless something changes) will be scalping cable on dips. Maybe some usd/jpy and who knows what will be with europe.