Forex Day Trader's Thread

[Pippy5000]

this over the wires.. wonder if it will be USD negative?

China says key currency countries need watching | Reuters

 

[N Rothschild]

looking to sell a pullback to 13100 if we get there on the euro!

 

[Pippy5000]

right.. I'm taking a similar approach on EJ.. it's just choppy right now

 

[N Rothschild]

forex so **** without volume cant see if there is decent selling going on or not! grrr

 

[N Rothschild]

****in euro trading rate it the lows, now is this is never to return or are we gona get another move back up...grrr

 

[Pippy5000]

cheeeeell... japanese aren't even in session yet.. I'm just waiting on them..

 

[tripleogstar]

i reckon the euro might just rally, maybe some profit taking by short sellers, but will probably continue the downward trend on tuesday. remember 1.30 is a big psychological level and it is currently at 1.3042, so it is likely there will be a bit of a bounce before the market is ready to push this euro down below 1.30 (where it actually belongs)

 

[tripleogstar]

surely it won't break 1.30 in asia trading??????

 

[N Rothschild]

if could see volumes we would know..at the moment the price action is confirming a move down..but with what volume?? could be 4 contracts for all we know

 

[KillPhil08]

Just watch for the bounces at 12-1am. Last 3 weeks always been a pin (the holy grail) at that time. Usually this time is to setup for gap fills and big movements.

 

[N Rothschild]

hope so! want to short at 13100

 

[N Rothschild]

and a pin is not a holy grail u little *******!

 

[tripleogstar]

I am going long GBP/USD at 1.4804

 

[KillPhil08]

and a pin is not a holy grail u little *******!

you're right, dojis are.

 

[N Rothschild]

the holly grail would be all country's dumping there foreign reserves of the euro at the same time! kunt

 

[KillPhil08]

liking the bounce on euro from fri night. wouldnt mind an obvious trade...i'm going long on a break of EURGBP channel or when it hits 8650.

 

[N Rothschild]

what bounce? the 40pips of profit taking before the weekend?

 

[Pippy5000]

Why you gonna get long at 1.48 when there's that previously broken neckline containing the price at 1.485?

 

[N Rothschild]

surely it won't break 1.30 in asia trading??????

just think of the sell stops under it.. :cheers:

 

[N Rothschild]

im gona give her a tickle if we take out this tripple bottom, see if she meows