Forex Day Trader's Thread

[evergreen1]

yeh you people are right but obama is also going to set the financial system so wt you people think about that is the usd will go up or stay on the same position against the eur and gbp.

 

[Pippy5000]

I do believe they are closed Ridd! I'll be back late in the Japanese session.. today is father's day in the US

 

[RidderTrade]

today is godfathers day in holland

 

[RidderTrade]

 

[RidderTrade]

will be travelling abroad from tuesday..

 

[blancspa]

 

[Pippy5000]

I'm reading tons of news stories about fighting and unrest all over the Middle East this weekend. This is looking like an all out war brewing. North Korea is complicating things as well by frightening Americans with their threats to shoot a missile towards Hawaii.

 

[cpngtw]

And what does it mean to forex?

 

[Pippy5000]

it's complex.. I would normally say it would cause Yen strength but if Japan itself is in danger then perhaps the USD would benefit more... Of course if US territory was involved then perhaps the move would be to CHF. However, there might be so much cross-action that CHF could strengthen and yet USD/CHF would still rise before falling dramatically. I imagine that shorting EUR/CHF might be the most straightforward thing to do.

 

[blancspa]

hey pips when people sell gold they buy which currency? anyone knows?

 

[Pippy5000]

On the market it's normally USD but it can be traded into other currencies as well

 

[blancspa]

I would normally say it would cause Yen strength but if Japan itself is in danger then perhaps the USD would benefit more...

i definitely agree on that, Japan is in bigger danger than anyone else in the region

 

[cpngtw]

bank 20 shorting EJ

 

[cpngtw]

long USD/CAD

 

[Countvonaltibar]

shorting gbpusd, stalling at the moment

 

[cpngtw]

I think gu short looks good

 

[cpngtw]

Pippy

 

[Pippy5000]

I'm short EU using a sell stop below the hourly SMA but it seems to have popped back up despite the Nikkei continuing to fall.. I'm sticking with it.. 30/30

 

[cpngtw]

I think EU will reach its H4 200sma, which is well below that 30

 

[Pippy5000]

there we go .. EJ dragging it down.. profitable after being -17