Spot FX Day Trader's Thread

German courts threatening to block Germany from contributing to Euro aid package.. not good .

Sounds great to me. Germany needs to get out of that mess.By the way, thanks for making me a little bit of money. Just for the Hell of it I entered trades after you posted what you just traded....just to see what would happen....not bad.Needless to say I allways check up on this thread on a regular basis.

The UJ trade was a good one.. I didn't even have time to second guess myself and bail before my target was hit... hot knife through butter.

The EUR/CHF trade on the other hand is a pretty big gamble, but I think it's better than 50/50 and the reward is much more than the risk. I'm up 13 and going to bed.

"World leaders concluded that the Great Depression, following the irresponsible and increasingly wild market speculations that caused the Wall Street Crash in 1929, had been a major cause of the second world war.

With the global economy now torn apart by war, they planned to build an era of peace-inducing economic stability by curbing the amount of speculative capital flows that previously moved around the international financial system. As the then US treasury secretary Henry Morgenthau put it, the aim was to "drive the usurious money-lenders from the temple of international finance".

The Guardian.

And so they did.

banking 64 on EUR/CHF

I would take anything The Guardian has to say about Capitalism with an entire shaker of salt..

there goes my 1060 line in the sand in the S&P .. I'm not going to touch anything during the US session today... spot Euro is in no man's land

I'll buy eu this week at 1.1720

The Australian Dollar is looking a little pale and sickly.. I heard it coughing earlier today. I'm putting a sell stop at .8047 +25 -25 in AUD/USD

I'm short EJ 109.2 s/l 109.6 t/p 108.2

stopped.. amazingly enough Japanese stocks turned positive... ugh... Still up 43 for the week and reselling EJ at 110

Going for an SNB trade in EUR/CHF long 1.3795 +200 -200

Short AUD/USD .82 s/l -30

Pip did you catch this one?

there's the SNB!!!!!!!!!!!


but I didn't get all of it.. only 71

still short AUD/USD

I'm short Euro on this irritating bounce as well..

1.198 s/l -30

Does anyone know the cause of the US equity bounce?

grrrr....stopped -30 in Aussie after being up 55.. WTF is happening with stocks?

ditching EU with 15.. it took my broker 45 seconds to close the transaction as well.. no liquidity on a very, very, very, silly stupid day..

no more trades for the US session for me.. out with 56 pips

It's at a break away point, so a bit of yo-yo is normal. What's interesting is on daily we have a triple bullish divergence, volume is low, that confuses a lot of traders. If we are still bull, then that triple D will send stocks racing towards current highs. But if upside is over, then we shall see new lows, etc.