Spot FX Day Trader's Thread

Sure.. that's the obvious option.. but that doesn't mean I won't try some of my patented lunatic counter-trend trades!

btw..

stopped -25

I know the feeling...! I'm watching a video on advanced get, I'm losing my conviction again, I need a comfort blanket...

Although I'm aware that the pressure is down, I'm also aware that at the slightest glimmer of good news regarding the EU Euro could easily jump up hundreds of pips. It might cost me a few pips to land a long, but I'll do it and then I'll switch to short and hold.

long EU 1.272 s/l -30

go for it man!

I'm grabbing EJ long at 117.9 s/l -30 as well..

Play GJ off of trend lines using limits.. It routinely moves 400+ pips in one day.. The 8 pip spread is worth it..

taking 66 on EU..

I figured that TL break was a bum rush move Anyway, up nicely for the day, and a shit day it was!

Good trading Pipp, I'll have a look at the GJ a bit more closely. You're right that the profit potential can make the spread pale into insignificance.

although 8 pips kind of sucks for someone who uses the GBP in day-to-day life.. I figured UK based brokers could do a little better on GBP related spreads.. I generally get about 6 on GJ, 4.5 on EJ, 2 on EU and less than 2 on UJ.. the worst I have is USD/PLN for 309 pips! You better have an angle from hell on USD/PLN if you plan to trade that..

Looking for a good level to get into euro short longer term. I'm a tad worried that shorting cable at this level there might be a bounce once the Liberal Democrats finally make their mind up who they're getting into bed with.

Looks like that was a wise decision.. Cable at new highs.

I'm long EU 1.268 s/l 1.265 .. this is one choppy boy!

banking 63 on EU

long GJ 139.25 s/l -35

stopped on GJ..

I'm back in long EU 1.268 s/l 1.265

I'm going to sell EU at 1.2735 s/l -30

Looks like the S&P just failed at the cloud bottom.. Risk just died with it.

EUR/CHF is at intervention levels.. if it falls through 1.40 I'll place a buy stop right above 1.40 and see if the SNB will step in..

I have an order to sell UJ at 93.5 s/l -12