Spot FX Day Trader's Thread

I hear you.. I've put in a ton of work this week only to end up paying my boss $260 rather than he pay me.

Things are just way, way too choppy.. my style doesn't work well in these conditions.

here is my big trade setup of the week.. USD/CAD daily trend line bounce... I'm looking for an uptrend continuation.. a bounce off of this trend line will result in an HH LL pattern on the dailies pointing to a definitive break of the 1.08 zone.. risk 35 pips.. reward 600+

long 1.0280 s/l -35


http://crawldex.com/bigcadtrade.bmp

I'm short EJ 112.9 .. JPY pairs behaving "tired" .. s/l -25

BP is screwed.. their stock is down $54 billion and the lawsuits have not yet begun.. I don't see how they'll survive this.

Nikkei doesn't have it tonight.. Long JPY and holding!

Re Euro daily, logically upside breakout that's probable ought to be a fake one, but who knows which level it will stop at, so I am planning to make a either way bet based on extreme levels reached day before yesterday. It looks like upside break is good for 200-300 pips downside break more lucrative. Daily pretty congested in tight range, good time.

short UJ 92.5 s/l -55

banking just 5 on ninja and going long EU 1.2215 s/l -40

Euro looking weak

sure .. and then it will rocket higher .. then tank .. then rocket higher..

this choppiness is getting on my nerves big time

how old are you and which part of the UK are you in jss?

dammit.. stopped again! .. this is by far my worst week of the year... down 78 pips!

looks headed to 12111 again

yeah.. I'll try it again down there.

36 London

Long eu 1.2159 sl -5.

Looks like they will push for reaction lo retest tonight, I got a sell order @ 1.2110

I wouldn't trust it man.. There have been 4 false breakouts in the last 24 hours..

EU, EJ, GJ and UC all had breakout signals in the last 24 hours which failed.. it's just too damn choppy to use stops unless you are awake to mother the trade, use a trailing stop (ugh), or a small t/p

I use stops just outside daily range, megaphones are rare on daily time frame.

ahh.. so essentially you use a sell stop with a huge stop loss and let things play out over several days or weeks?