Spot FX Day Trader's Thread

banking 109 on EU

there are lots of juicy trade opportunities developing today..

I might try GJ long at the 50% fib retracement of 139.4 - 146 .. it just broke through the 38.2% and is headed down to the 50% (apprx 142.7).

I also like EU long around 1.32 and UJ at 92.85

Shorted EU @ 1.3300 SL 1.3369 TP 1.3245 - risky trade as she is out of her ATR @ 120... but lets see how it unfolds...

There are sellers at 1.335 .. You might be ok. I thought it looked like it wanted to squeeze earlier this morning so I took my pips and ran.

HMMMM.... it looks like it just tanked 30 pips in 1 minute.. I haven't heard why.

It's because of rumors that Standard and Poor's might cut Portugal's credit rating.. EU and EJ just got murdered.

I have an order to buy GJ 142.65 s/l -30

Bears looking stronger for know... May get my TP before midnight. Will have to see how the 4h closes out...

I'm filled in GJ but with the S&P down almost 2% I'm really having doubts about this one..

stopped -30... I'm back in 142

All done @ 1.3245... seems midnight came quicker than expected... Lets see how much teeth this bear has left...

Where to buy EU? I'm thinking around 1.3180

banking 28 on GJ.. net loss of 2 pips on 2 trades.. This is looking really bad. I won't try another long on GJ

1.32 is MT support and there's more support at 1.315.. I'm going to get in 1.32 with a stop at 1.314

What a farce! Greek downgrade came just ahead of treasury auction. And nobody is talking about bankrupt US states.

i guess it was greek news + portugal news + us numbers... thats caused such a havoc in GJ...although GJ was moving lower since LDN open... and GBP news weren't good for gbp either....

what next?... anyone here who thinks GJ has turned the corner for medium to long term 'short'?

Yes, Tuky but our distressed states have the full support of our central government as well as the full support of our other states. The European countries act like it's killing them to loan money to Greece. They act like they are going to dig a big trench around Greece and float them off into the ocean.. The market doesn't like it.

GJ just had a major bounce off of support but with a sell off like this you would have to think that the short term outlook is down. I think the Japanese and European sessions will push GJ through 141.5 and we'll have another look at 139.8 .. I will buy and hold GJ for a huge trade down in this region.

GRRRRR... I banked my 2nd GJ trade early!! This is maddening trading!

This is completely ridiculous.. I'm short UJ 93.3 s/l -30

Check the trendline in GJ .. it just happens to come in right around the previous support level.. Now THERE is a good trade opportunity

http://crawldex.com/GJ.bmp

I just wanted to say about the timing of the information. It's all manipulation to sell the treasuries that nobody wants.
Germans know what they are doing and they don't want to start printing endless amounts of money. I think this is good for EUR, although I don't think it will survive, at least not in present form. It will die or it will be divided to one for indebted countries and one for NW Europe. My opinion is that it would be the best for Greece to exit the euro and print it's own currency.
Now it time to ask a question, which one, USD or EUR will first "die"?

Either way, the gold is saying everything. And just wait till the truth comes to light that it is leveraged 100x.
Back to the short term, I expect asia to sell the euro and it will go through 1.32.