Spot FX Day Trader's Thread

Very small size intraday, to kill time.

Short 1.4971 sl ~.4980

EDIT -12

Why is the market so excited about ECB loans? They're making them to a group of people who work 30 hours per week, retire at 54 and riot when they are asked to do more than that..

Guess what ECB? The loans are gifts, not loans, and you'll never see that money again..

Sticking with EUR shorts

Long 1.4953 sl~1.4933

banking 33 on EU short.. still about 70 down on EJ

I'm seeing red across my trading boards. The EJ is nearly back where it started last night.

yep.. I'm only 30 down and see no reason to ditch.. S&P not only broke 1040 but just screamed down to 1030.. News screwed me last night, but I think the Japanese are ready to tank this puppy!

Yes, I'd say this is rather unambiguous.. that's a definite clean break of major equity support.. The bulls were able to sneak back in above 1040 right before the closing bell yesterday, but there's no way that'll happen today..

Very important China data in 3.5 hours.. could make or break my EJ short..

http://www.cnbc.com/id/38017966?__so...t%7C&par=yahoo

Monthly close below yearly low, that was expensive day for options market makers. If this week now closes negative too that will be a clear break down of yearly low, q2 low, monthly low & weekly low.

The EURUSD's consistant weakness after that earlier spike leaves me to believe that we may not see another retracement back to 1.2350's before NFP, I'm short looking for a ride down to 1.2100 area over the next day or 2. NFP should seal it one way or the other. If that retracement does come before then so to will my stop.

Good trades all.

Hi not many signals jumping out at me at the moment....will Spain get a downgrade as seems to be expected?

Something will kick the euro's ass in the near future.. don't know when or why, but it has quite a few scary bears stalking it in the woods

short G/J 13245 s/l -20

t/p 13235

Some strength in the yen at present

time to end June on a high note... banking 26 on EJ That trade had a bit of a bumpy ride..

Nice one......plenty of bumpy rides around right now Pippy

actually another breakout signal has been generated on EJ.. back in 107.7

s/l 108.4 t/p 106.3

Thats the way pippy keep 'em ticking