Forex Day Trader's Thread

[sullystocks]

Seems to be turning

 

[jgos2]

your excellent trades are sentiment/market based. The selloff in EJ is like a foreboding of what is to come . Were trading choppy and....down(10%). Textbook charts say were heading down. Astrology says were heading down. Even if we go up I'm selling into rallies and related currency. Although it must e said an almost identical V bottom in 2003 with same RSI & stochastics did not fall back. But this is now and we have a raging bull on our hands. Then your visionary plan(thousands of pips) will come to fruition and we'll go to 10000 in Dow and start the bull in August.keep the faith

 

[jgos2]

and bye and bye thanks a bunch for those 10 pips took those on AUD. you were spot on .7882-.7872

 

[Pippy5000]

I'm not really worried about it.. wherever it goes, I will be there to pick it up for a bigger gain than loss on the way up..

Also, I'd disagree that this is a selloff.. It's profit taking combined with stops and seems to be failing to extend losses in USD/JPY (the important one).. Like I said before, it's really up to the Japanese.. A negative day on the Nikkei will cause a real selloff rather than a t/p correction.. A positive day and the bulls on the sidelines will resume the uptrend..

 

[Tarhini_Trade]

I agree, EUR/JPY just needs a simple excuse to go one way or the other. positive nikkei and a break through of the 133 area resistance would be ideal. ill be waiting

 

[Pippy5000]

banked 38 on EJ .. 22 on USD/JPY .. CHOP CHOP CHOP CHOP.. will continue to pick it up long on dips

 

[Pippy5000]

What?? another 20 pips EJ? Sure, I'll take it..

 

[Pippy5000]

This won't break support during the Japanese session..

 

[Tarhini_Trade]

its approaching...we'll see soon. a lot of action here

 

[cpngtw]

Watching NZD/JPY

 

[cpngtw]

Watching NZD/JPY

quick 25 pips

 

[Pippy5000]

eek.. there it does.. reversing to short ..

 

[Tarhini_Trade]

i just did. short USD/JPY this looks like potential break through

 

[Tarhini_Trade]

hopefully im not too early..nikkei still down so hopefully this keeps going

 

[cpngtw]

Not sure about that, very choppy. I just did a "hit and run" kind of thing, not holding for long

 

[cpngtw]

Looking for another hit & run

 

[Tarhini_Trade]

it has a lot of downward pressure. technicals and trend are favoring this as a nice gaining position. but ill be watching closely as this is could definitely just be a lower support level, if it break 97.00(opposite side of the reverse head and shoulders)

 

[Pippy5000]

yup 2 pips

 

[Tarhini_Trade]

then its an obvious breakthrough (continued)

 

[Pippy5000]

here we go.. I don't need much to break even today .. That little choppy ******* was quite useful even though I was wrong about the overall direction 11 out of 12 times 😆

ok.. so let me get a few here and then we just need to worry about picking this little guy up for a beautiful BUY AND HOLD trade.. This is the flimsiest trade on the planet 😆

I still whole-heartedly maintain that this will "grunt hard and make noise" (that's baseball terminology foreigners) but will ultimately be undermined by positive news..

Still, only a fool trades their very own master-planned view of the global economy.. I'm short ..I'm unhappy .. but only down $600 now .. so not all that unhappy ..

but if that Irishman asks, you tell him that I was just kidding about being long 😆