Spot FX Day Trader's Thread

I'm long Cable 1.4827 s/l -15

I'm hearing that there are huge amounts of stops building right below 1.26 in EU.. I have a sell order 1.2597 +10 -10. If the rumors are true the sell stop should be almost instantaneously successful.

Everyday this week right before the Asian open someone has done a bum rush move to run EU stops and then immediately pulled their offer after running stops. I wouldn't be surprised if the same thing happened tonight. Equities closed within the daily Ichi cloud, rallied hard in the last few hours, yet risk detached and headed South. EU and US equities move in lockstep 98% of the time so the divergence is odd. EU needs to pop muc higher to meet equities or US equities need to come down.

I really think the US equities are headed for a downer this week. They're right on 10900 resistance, tomorrow will be a very interesting day. You're right Pipp, somethings gotta give.

I don't know about that.. As long as Europe remains Europe's problem then our markets have no reason to tank because of PIIGS. Yes, the "plan" is garbage, and will murder the Euro in the long-term, but it will keep Europe afloat for the time being. The S&P struggled to close in the cloud today, but was successful, and that's bullish.

I'm going to keep trying to land longs until Euro gets in the low 1.30s and then short with size and hold..

long ninja 93.1 /sl -7

Explosive move brewing on monthly. Similar in CHF. DX will rock this year possibly into 2011 & will leave a nasty crap stain on seller's underpants (IMO).

That's too rich for my blood man.. I'm just trying to grab a few pips in the Asian session, although in principle a massive break is likely.. I bought the weekly TL break 2 weeks ago and ninja burned me, but I own USD/JPY on the intraday charts..

and 14 pips is mine beers are on me tonight, but since I can't give any of them to you, I'll go ahead and drink them myself. sorry..

and 41 on Cable.. that's it for me tonight.

I don't study waves although I definitely believe in the math. Does anyone have a primary or alternate wave count hitting the low 1.30s before heading South? I'm just wondering if my hunch is in line with the wave count..

not much liquidity today in European session, hopefully America will get it moving

This looks really thin.. bunch of bs moves and false breaks

It seems like Euro and Cable just can't get off the mat.. They completely tank despite equities hovering around flat.. They will both get SMASHED if Wall St. has a bad day.

dow looking potentially fragile... cable looking knackered

I'm going to sell Cable at 1.4595 with a 20 pip stop .. almost there now

Welcome on board! Weekly points to 1.4, macro though points to a re-test of historical support zone & perhaps a breakdown below.

grrrrrr... another false break. getting old..

ah... there we go

I'm short AUD/JPY too .. s/l 83.43

the SNB is sitting on EUR/CHF 1.40 .. The bottom will fall out below 1.40 although they could intervene.. I've got a sell stop at 1.3995 with a 20 pip trailing stop