Spot FX Day Trader's Thread

I was just about to ask the same. Had a good day (started at 3am) caught a lot of big moves across the board, only surviving by taking profits quickly.

Looking at long EUR/USD. Hourly data is interesting, looks like either a declining wedge forming, which is a reversal pattern, or simply price action channeling upwards. I could see that happening for this week as europe cant afford to say anything negative at this point about greece and the pigs.

My angle is pretty much all about that 1.345-6 level and the posted candlestick.. I'm hanging with it with a stop below the big support.. below that and there should be a massive run against my position that I'm not too interested in taking up 11 on EU.. we'll see in the morning.

fair enough, and for any dow or fibonacci theorists, looking at the 1 year chart this is the 61.8% retracement level and it has held up pretty well. indicating the primary trend may still be in tact, or for wave theorists, this could be the end of wave 2. sorry I have to practice...cmt level exam one in april!

for tonight I wont have anything open. I'll check in around 5-6am for volatility, most likely in GBP/USD. Id like to see what happens at 1.49

banking 66 on EU

nice trade pippy, I looked at long eu last night from 13535 but didn't have sufficient cahunas...

I almost got stopped out.. survived by 4 pips.

nice! haha I was just going to ask

Opportunity for scalping xau short (2% rule). Will try around 1136

check your daily EU chart and note the SMA resistance that has been capping for the longest time..

STRATEGY:

Due to an extremely bullish candlestick today I would say that we could pop over that resistance and be off to the races with tons of stops lurking over the previously impenetrable daily SMA resistance..

buy stop 1.3665 or limit sell 1.3652 are good opportunities to catch a nice move

Buying ninja here at 88.6 with a 15 pip stop

short euro 13610

doubled up short at 13647

I'm still alive on ninja.. thinking about ditching for 4 pips profit

I would short cable around 15088 but I've near fully loaded on my eu position

Euro is threatening to make a move over the SMA now.. It's amazing how well it's been capping. I bet the Europeans will give it a try in 4 or 5 hours.

don't like this.. banking 12 on ninja and looking for a Euro short in the morning.

I'm short xau 1137,20

Why can't those plate-smashing Greeks come out with some more bad news!?

Feck, they've just come out with some fiscal plan ten minutes ago. Don't think it'll convince their neighbours...