Spot FX Day Trader's Thread

nope.. I'm not worried about missing trades.. it doesn't cost anything and there will always be another trade. Trying to catch continuations is a bit flakey so I'm only risking about 20 pips on the trade.

Mask, what sort of gambling enterprises have you been engaged in this week? You're saying that you're too lazy to gamble?

I've been playing poker. I started in December when I stopped trading for the year and was bored. It's just too time consuming, got to sit there, think and click buttons all day and the money's not on the same level as trading for me either.

I came back to trading this afternoon, put a trade on after data. Went out for some lunch and to get some sunlight, and came back and took 30 pips on my return. More than I made from poker this week too. I prefer that lazier life - just wish all days were that easy.

Are you still working with monstrous stop losses?

looks like I missed it by a lot more than 10 pips Nicola

looks like the SNB just intervened Tuky.. Did you catch that?

I catched the prior intervention but I was range trading last few days, buying around 45-50 and selling around 80-90.
Looks like eur is bottoming as I said few days ago.

I jumped into a usd/cad position even though I hate fridays. Took a few points and bailed then it jumped up I'm feeling the squeeze and now i've decided i'm too lazy to play cards i'll be trading a bit more seriously over the weeks.

I'm trying to put the days of averaging positions and 20% down days behind me. So I get in a position and if it doesn't do what I want it to do, i'm ruthless and cut it and re-evaluate and get back in when I see something more favourable. I shouldn't be losing more than about 30 pts max on a trade in theory.

nice.. you should start seeing some real progress on a monthly basis

I'm so bored I'm actually considering watching the Olympics..

Long eur/cad 1.4245 stop 1.4190

Stupid day getting chopped to bits on usd/cad and euro. Got a long on ninja from about here from earlier on. Hasn't been doing a whole lot it seems. I'll see what tonight brings.

I'm thinking about withdrawing most of my money from broker, times are dangerous. It's a question of time when the systematic collapse will occur. I'm starting to buy my fuel and food reserves. It's better to change soon worthless paper for real stuff. I have few acres of farmland and during the spring I will start to grow some vegetables.

I have some rifles and enough canned vegetables to make it a few months.. I've already picked out which neighbors I'll eat after that runs out..

I have no trades today, nor did I have any last night.. I see nothing I like. Too low to short and not low enough to buy Euro in my opinion. Ninja is doing absolutely nothing..

The talking heads at my broker think that Asia will be exciting tonight.

I hope it is exciting (for the right reasons), seems like ninja has been in a 10 pip range all day. It just broke above 90.00 a few mins ago, but nothing too exciting. If I could get to 91.00 i'd be pretty happy with that, but I suspect i'll be out before.

it won't reach 91 without something big happening .. open your daily chart and check the SMA jumble right above where we are..

seller central

I bet there are a HEAP of stops around 90.4 - 90.5

hmmmm.. no, this is even more boring. It would appear that no one wants to get caught on the wrong end of Greece news

Yeah, I don't hold out much hope for 91.00. If it got anywhere near 90.40/90.50 i'd happily take it.