Spot FX Day Trader's Thread

My broker says there are lots of UJ sell orders at hourly upper bollinger band at 93.46 .. My stop is at 93.53

I'm up 12 on my EU short with a 1.329 target

I jumped in short Cable 1.5274 s/l 1.5289

THanks, good to know...

short kiwi/Cad 7081 break of trend line... Kiwi seems strong today... not sure why. Don't expect much movement until CAD unemployment data tomorrow AM.

GU: sell limit: 5275, SL: 5305 (R1), TP:5225 See what happens...

Need to get some grocery so I's can eat!!

Supposedly CAD data leaked and the number is better then expected. Could be because of the Olympics. I was waiting for usd/cad to close above 1.0060, but since that won't probably happen, I will close my positions and short cad tomorrow.

I'm starting to feel very nervous about my trades because of that little after closing run up.. Stops are so tight I might as well stick with it though.

Cancelled my GU short. Just don't like the set up and direction at this point seems it could go either way... triple bottom... triple top... what's next?? seems like a slow melt up right now. I have a downside bias but so does everyone else. Could be a short term sqeeze to the up side comming. Gonna wait for more clear direction.... and play the cross pairs

Watching AU and another possible rejection of 93 for a short... If I had a bias I think it's gonna punch through this time or very soon and then get long. It is a very strong historical resistence and has been turned back numerous times. Booked +35 after rejection yesterday.

Watching for a possible kiwi/yen long inaddition to AJ, CJ, and UJ...

I'm thinking I'll get stopped on Cable, however I'm sticking with it because if there is a spot for a great short, this is it. It does appear to be aggressively testing the triple top but that doesn't necessarily mean it will succeed.. I've second guessed myself out of 140 pips this week and would really kick myself if I did it again.. If I get busted for 14 pips I'll just scalp higher and get it back.

You're the only one I've ever heard of that trades NZD/JPY .. I stay away from the minor pairs because the s/r has a habit of being overwhelmed by volume via transactions in other pairs.

yep... there goes EU and GU

- 24 pips collectively.. I'll get it back

back in GU 1.53 stop 1.533

short order 125.25 in EJ ..

I have been looking at the UJ for a while, seems to be going higher and higher, I had a short on it earlier closed that and looking for a long for this coming week.

I'm still alive in UJ.. SMA resistance smacked it down.

As for EU and GU .. it's looking like a bank needed to sell some USD and took advantage of the market right before Nikkei futures heated up.. Pretty textbook stop run which has reversed.. I'm not jumping back in EU but GU looks heavy..

there goes UJ.. back in 93.78

Cable short looking good so far.

Taking 31 on GU short... not quite a flat night, but good enough

Great week!!!

Long UJ 9365, SL 9320, TP open this could be a steady climb

short EU 13355, SL 13380, tp 3300 daily downtrend since Mondays high...

short GU 5293 after 5300 major resistence held, SL 5340

TP 50-80pips

short EU 1.3465

This price action is really starting to piss me off.. down 60 pips and right back up again..

Yea the whole greece situation has made the EU really hard to trade lately. It had a big breakout this morning, longs were looking great, then BAM! Fitch Downgrades Greece to BBB-. But it's recovered nicely now and still headed up. I missed some big profits this morning already, but I'm up so I won't complain.