Forex Day Trader's Thread

[Jumpinjack]

Pippy make sure you have a trailing stop (either manual or auto) after 1.4070, if it goes there as planned. I'd not bet higher than that tho

I don`t think it goes back up now. There is a bearish engulfing pattern on the daily which put pressure on the downside!

 

[Pippy5000]

although it's actually 1.398 at this point

 

[cpngtw]

I don`t think it goes back up now. There is a bearish engulfing pattern on the daily which put pressure on the downside!

agree on the daily, that's why I see it'll eventually go down to 1.36. But today is enough of a down move, so there the swing bet

 

[Jumpinjack]

You're sure he's not Pippy?

Yeah, i'll have to call in at some point and find out!!!

I`m calling it a day here and still short and still looking for lower levels in coming days/weeks

 

[cpngtw]

another scenario is if it doesn't bounce @ the end of the day, I'm out

 

[Pippy5000]

I would say this is like watching paint dry but I would never insult watching paint dry by comparing it to this..

 

[Pippy5000]

OH YEAH.. you guys might as well take profit because Pippy's time is about to begin!

 

[alan5616]

I would say this is like watching paint dry but I would never insult watching paint dry by comparing it to this..

Obviously, you've been astute enough to avoid trading our wonderful FTSE index. Watching paint dry is exciting compared to this

 

[cpngtw]

just added a position @015, the bounce is not confirmed yet though

 

[Pippy5000]

it's slowly inching up.. we need a little last hour equity strength to get it over the resistance.. I'll move my stop up then

 

[cpngtw]

the H1/200 is holding it at current range

 

[Pippy5000]

check the 5mn chart.. it's being supported by SMA

 

[Pippy5000]

is there anyone who doesn't have a sell stop at 1.397? I'm not worried about losing 30 long here because I'll get it right back short..

 

[cpngtw]

No I don't think we are losing the long here

 

[N Rothschild]

u lot do realize we are almost into the last hour of trading before a long weekend?

 

[cpngtw]

yeah, action in the next 5-15 mins is crucial

 

[cpngtw]

the Asian don't have holiday Friday, do they?

 

[N Rothschild]

no but personaly i wouldnt be trading is US is closed and most people will be like that..will be xtremly thin 2morow

 

[cpngtw]

I'm used to the asian session though

 

[Pippy5000]

if the conditions are thin and the market is short we will squeeze higher.. I think shorts in the US are about to cover ahead of the weekend anyway..