Spot FX Day Trader's Thread

Good

Full position short now 1.5115 sl~1.5250

Daily equidistant channel, IMO risk/reward is appropriate to short/consider short.

Here's the trade I've been waiting for.. I'll put $300,000 short at the previously successful weekly TL .. Looks to be about 1.537 this week.. Because it has been used previously and was successful, the market will almost surely provide monstrous resistance.

I'll play the current daily channel around 1.522 with $100,000 though.. adding $200,000 at the weekly line.

http://crawldex.com/cableweekly.bmp

Count, those tight stops have been really hurting you lately man.. I've "count"ed at least 6 times in the last 2 weeks you would have made a pretty penny had you opened it up a bit.

Risk should be off soon enough.. It might already be happening according to JSS's bias. I think it's a good possibility as well, but I've left myself open to one more jump.. Try a short with decent sized stop above that weekly TL..

Just a thought..

Cnbc

Perhaps the past week's stock market rally was only a mirage: Fund-flow data showed retail investors ran for the exits even as the major averages were gaining nearly 4 percent and staging their biggest surge in months.

Equity investors pulled nearly $12 billion out of mutual funds for the week ending July 7, nearly matching the entire month of May, when the Standard & Poor's 500 [ .SPX1077.96 +7.71 (+0.72%) ] fell 8.5 percent and dropped into correction territory off the April 23 high.

Though some mutual funds reflect institutional investor holdings, they are considered a strong barometer of retail investor behavior.

So with $11.6 billion leaving the market in one week, investment pros are suspect about the quality of the rally.

"This looks like a short-covering rally," says David Twibell, president of wealth management for Colorado Capital Bank in Denver. "You have a big up day, decent follow-through, but not much volume, not much conviction, and it's hard to find a catalyst for any of it."

I'm short EJ 112.35 with wide parameters

Guys Im looking for a thread to post my live trades on. I simply want to do this as it improves my discipline. It seems that the trades are called very late on this thread often when they are ahead. As Im have only a few posts to my name and no vouchers I cant start my own thread. I trade all currencies using 5/60 min using Tlines,divergence and patterns. thanks

Maybe I should have chaged the time before I shouted about trades being a few hrs late

up 92 pips and holding

I've never seen anyone calling trades late chief There's a timestamp next to each post.

It's too hot for trading.. I need a beer or 6 to cool things off and then I shall murder the Asian session with a string of trades I won't remember making.

My favourite way to trade, get rat-arsed and pull the trigger long or short. A spot of rioting going on tonight here as the natives get a bit feisty with the cops, the local sport in Belfast! I'm off to Baku in the morn so no trading for me tonight, all the best for the Asian session Pipp. That cable has really punched through it's trendline support.

OK if you are on Coors lites Pippy.....going to be a top mid winters day here 22c or 74f ....things pretty slow atm

Count where is Baku?

Belfast is the only industrialized city in the world where you can get into a fender bender with an armored personnel carrier during the routine course of business on an average day.

I'm partial to molotov cocktails myself..

Azerbaijan

small short E/J 11185 s/l -15

Short GJ 133.55 s/l 134.1

paid for my tight stop