Spot FX Day Trader's Thread

Howdy Pipstealer..

We just came from a site filled with British people so we're used to you guys by now..

I'm sticking with long UJ.. up 40 presently and a breakout has been registered north.. we shall see.

We are familiar from there, I just opted for a change of name.

I seem to bizarrely find myself long of cable this morning, try and get back towards 1.63 methinks.

Nice to see my EG position in good profit overnight. Stop loss moved up to .8697. Hoping it's going to run a bit though before stopping me out.

EG - stopped out.

banking 70 on UJ .. going long EU looking for a corrective bounce.

killed in EU on equity and gold tank..

-30

wow.. furious equity selloff

there's an excellent EJ long opportunity approaching at 127.6 .. small risk with massive reward

I'm listening to market chatter and no one seems to know why this massive selloff has occured.

I have my theories...what about UJ?

I'm thanking god I banked it this morning.. I am now long EJ

and I am long UJ 90.1

dude.. this is an incredibly sloppy and ugly day..

I am down slightly on EJ and up nicely on UJ .. going to lunch.. don't let UJ dip below 90

I missed the euro trade , really thought about it but common sense was kicking in. Still hanging on a cable trade. Anyone got a clue what's causing such moves?

this is insane. its like all of the markets are having withdrawals

Banking 30 on UJ.. wimped out.

slightly up on EJ miraculously.

NOW I'll go to lunch..

Obama has sealed his doom with this latest blunder.. He has no idea what he's doing.

Picked up some usd/jpy, will hold it unless bottom breaks.

This will have a big impact on us personally.. If banks can't trade with their own money the whole game changes.

The recession wasn't because of trading!!! In fact, it's the only way some of these banks made any profits at all during the crisis!

How else are banks going to make money if they can't trade? This is confusing. I don't see why he should penalise banks that make profits, it'd be more concerning to look at the ones making big losses. It will just send trading branches of banks abroad if they're not allowed to operate in the US.