Spot FX Day Trader's Thread

Tight stops are usually my game man, but they're not working right now. I'm playing a daily channel in EJ and using previous resistance on GJ..

Yes you are right about the tight stops atm....still stick with the plan eh?

Well, the problem is that risk is off overall but continues to jump drastically on occasion (short covering) .. That makes for a very bad trading environment for small stops.. I got beaten up with it two weeks ago and have come back strong by picking a direction and sticking with it.. I don't see the unsure environment changing this week.

I had a run in May where I had gone 67 trades without a loss but seem to have let the mojo slip since then a bit....need to get it back wherever the bloody thing went to.

Sorry bud, but you couldn't intentionally lose 67 trades in a row if you tried, and winning 67 in a row is equally ridiculous. I'm sorry, but I just can't listen to nonsense like that and I have no choice but to ban you from the thread.

closing all positions +156 .. thank you and good night..

Nice one ref

Portugal downgraded.

I'm short cable 1.514 stop above the daily TL

Sold 1088.25 +54.75

I think it will take two back to back rallies in US equities for Cable to break the channel.. This seems like a gift from god to short at this level. If risk continues to surge and I get significantly underwater I'm going to short EU as well, or possibly GJ

long ninja 88.05 s/l 87.94

Hey Pippy,

Whats your SL point for the GU ? 1.523?

I'm short EU from 1.27 now as well

yep.. exactly.. 1.5232

1.2715 sl on EU short ?

I have mine around 1.525 as it is outside current daily range, anything below is noise, therefore a stop within trading range has more chances of being hit. Bear trends need to have lower tops, yet there is no way to accurately predict where lower top will be.

Don't have a stop on that one as of yet... I'll stop it out manually if it gets too perky

taking 11 on UJ .. equal to risk

Short EJ 112.5 s/l -25

whoops.. smacked on that EJ