Spot FX Day Trader's Thread

I have a sell order ready to roll at 1.383 s/l 1.3855

aaaaaand stopped...

pennant forming on EJ 5 minute chart.

this is annoying! financial paper after financial paper is coming out with an article about Germany giving aid to Greece, but Germany says it's not true.. the bottom could drop right out of this EUR rally at any time..

Re-entered short at 0.8795, and a m5 pin just formed

yes, they seem quite confused

im short from 1.4

I know it's just a matter of words, but wording is important. Germany didn't say there was NO bailout.. they said nothing had been finalized yet. That doesn't mean something is in the works for tomorrow...

I think the short EURO play may be in for a gigantic short squeeze if some sort of announcement is made in favor. I'm long from here on a position trade... relatively tight stop loss.

Euro just got punched in the mouth.. I think the safe play is to sell Euro on strength. I missed my entry by about 25 pips, or did I?

Europe is still to come..

A weak equity day tomorrow will see the optimists of Tuesday cover. I have heard now that Germany IS considering a bailout but it will be legally complex and unlikely to happen soon. I think we're going down but on a very ugly ride.. the trick will be to grab your pips and then re-enter short.

I'm short ninja at 90 .. 25 pip stop

short EUR/USD, s/l 1.365 area

closing at 20 pips profit due to stock rally.

will sell ninja again 90.05.. open the daily chart and check the SMA jumble

im out. that didnt go well

I like the idea of selling Euro at 1.372

1.372 looks golden for a few reasons.. we've got the 61.8 there of the most recent high and low on an hourly, SMA resistance and confirmed large sell orders lying in wait. I'm hearing of orders at 1.3705 but I'm leaving that alone to minimize risk

the fundamentals still point to selling EUR vs. everything.. The market is giddy about Greece possibly getting a bailout, but what about Spain, Portugal etc..?

The technical breaks are too numerous to count as well.. I think catching o/s longs for a quick bounce is a good idea, but holding a Euro long is a big gamble.. of course then again big gambles have big rewards

official order short Euro 1.372 s/l 1.374 t/p 1.351

Hello Pippy
I like it. Monday we didn't quite quite get there. Do you ever put your orders 10 pips lower to account for that?

Hello, I've been on a little bit of a trading hiatus for the last week or so as i've been pursuing gambling of a different nature. But today I realised it's not so fun and i'm too lazy for it, so I decided to put a trade on just after US data at 13:30 (GMT) buying usd/cad. I got about 30 pips before I bailed at 1.0600 and just above. So I was quite happy with that. No other trades really but maybe something after US data tomorrow, even though i'm not a huge fan of fridays.

lol, nearly hit my target