Spot FX Day Trader's Thread

I'm stopping at 1.501 and getting back in 1.504 .. the price action is nonsensical so far.. Nikkei is rising and EU and GU just dropped a good 20 pips..

time for shut eye.. I feel like an idiot for holding this cable short but it's only 20 pips risked so what the hell

Forgetting TA for a minute, UK just published emergency budget, which is being "digested". I agree that 1.5 ought to prove resistance, but not tick for tick, possible push towards 1.512, especially with reduced interest.

Rule of 3 consecutive up days is almost upon us, selling 3rd day's high or near marking stop above 1.5120 is statistically less risky.

I got 31 on EU and -20 on cable ..


now I'm long EJ 109.8 because of the good jobs data

taking 81 on EJ

I'm really reluctant to take a position.. I can't figure out what fx is doing today!

covered cable short with 15pips bagged, awaiting a more favourable entry. I'm too tired after work to even look at the charts, need beer

Don't tempt me into bad behavior..



ok, fine.. maybe 1 or two.. but not yet

I've goofed my cable exit. I'm blaming fatigue & anything else I can put it down to like my chart looking like a circuit diagram for the new iphone. Definitely beer time (suggest Carlsberg as the Danes are getting hammered by the boys from Sapporo)

I'll go with some German Weissbier to get me started.. nice and sweet.. then move on to a Young's Oatmeal stoudt.. then maybe a Belgian Trappiste Ale then 3 or 4 standard American lagers at 1 degree above freezing..

then I will be ready to make a decision on what to buy or sell.. I'm a deer stuck in the headlights in this sober afternoon..

Hey man you really have an understanding on the beer front, I couldn't argue with that line-up. I'm particularly partial to weissbier, really like Paulaner and Weihenstephan, nice. Used to drink copious amounts of Erdinger but went off it a tad when I heard it contained female hormones thus potentially producing man breasts as a side-effect

EEEEEK!

Man, I don't see a trade.. The Jap open is boring as hell..

I'm not drunk but I'm buying EU 1.2268

naw.. too much risk.. 1.222 instead

I see what you're saying, plenty of support at both areas. I'm tempted by a cable long, might look tired in the Asian session but I could see it push higher to re-test the 150+ zone

will sell EU at 1.2378 .. using a tight stop hasn't been a good play this week.. I'll just let it run and bail myself out with other trades if things go fantastically wrong..

I'm long on the 2hr 50% fib AUD/JPY touch at 77.2 .. I'll stop out below the 61.8% at 76.5 which is also the daily 50% fib

damn.. probably a bad idea..

going to compensate by buying EJ 109.65

Weekly TICK remains vastly bearish IMO. Indices trading near major average & key support zone. Once broken it will tough for PPT to turn it around. Financial writers do not post anything that may translate into a positive ie continuation of longer term upside. Chan not seeing accumulation, Rogers points to administrations having ran out of bullets. So the choice comes down to either allowing for inflation growth or try to limit it but at the same time that translates into stocks taking a hit, how long for nobody can tell. Many nations have already been warned of austerity measures that are or soon will be brought in. IMO the vote has been cast, only USA seems to still want to continue.