Forex Day Trader's Thread

[Pippy5000]

impossible.. there are too many! we have them setup so that if one burns down a new one will automatically pop out of the ground!

 

[Pippy5000]

There are some banks with orders to short Euro at 1.411 .. the hourly downtrend.. I have an order at 1.41 and will kill it at 30 pips if the bank orders can't stop the bull run..

 

[cpngtw]

No, didn't feel good about ninja so got out last night with 25 p. Didn't have any thing running overnight

 

[cpngtw]

but if we put in a large enough sl then won big today

 

[Pippy5000]

I haven't used more than a 30 pip stop loss in more than a week.. My normal tactic is to use a much larger s/l but I'm doing an experiment to see if I come out better with a smaller stop.. there's nothing worse than using too tight of a stop and then having the trade snap back overnight for a big profit.. nothing worse EXCEPT a giant 110 pip loss because your stop is too big .. I don't know.. just needed to check it out..

 

[cpngtw]

cpngtwwwwwwwwww

Riddddddd

 

[Pippy5000]

Euro order filled.. I don't like this one AT ALL

 

[cpngtw]

I haven't used more than a 30 pip stop loss in more than a week.. My normal tactic is to use a much larger s/l but I'm doing an experiment to see if I come out better with a smaller stop.. there's nothing worse than using too tight of a stop and then having the trade snap back overnight for a big profit.. nothing worse EXCEPT a giant 110 pip loss because your stop is too big .. I don't know.. just needed to check it out..

agree, I usually go with tight sl, unless seeing a very high chance winning trade

 

[cpngtw]

which one? long or short? I'm shorting for small tp

 

[Pippy5000]

I'm short down 12 .. EJ is way way up and I am considering bailing ..

 

[cpngtw]

ok out -10, not good

 

[Pippy5000]

down 20.. this looks very bad

 

[cpngtw]

looking to short again

 

[cpngtw]

probably around 1.4128 - 1.4130 or so ... let's see

 

[cpngtw]

ok reenter

 

[Pippy5000]

ah... I might live .. down 12 again.. you reentered? ouch..

 

[cpngtw]

yup your ej looks good

 

[cpngtw]

just scalping here, will look for long entry on euro after this short. I think it'll go up further

 

[Pippy5000]

no, I'm short EU .. I had a chance to bail -4 now I'm -10 again..

 

[cpngtw]

also shorting euro here looking for small change but after this correction (not sure where it'll stop) I'll look for long entry if it shows