Forex Day Trader's Thread

[Pippy5000]

34, Houston #4 city in the USA, yes this is my main job, but buy and hold is my main strategy, not day trades.. I just day trade for spending money

 

[RidderTrade]

bailed out?.. actually you will be .. get emotionally affected.. if the market moves another 300pip up .. and you will maybe wind up.. buying at higher price , and then there will be a short correction and then you will be thrown out..

daily stochastics pointing sharply higher... furhermore usa indices has crossed macd negatively which will keep some downward pressure

 

[RidderTrade]

34, Houston #4 city in the USA, yes this is my main job, but buy and hold is my main strategy, not day trades.. I just day trade for spending money

oh ok no problem dude

 

[RidderTrade]

i am up 300pip usd/cad..

 

[RidderTrade]

Gold has broken its higher tops, higher bottoms.. though it is an side indicator..
i see no reason to left usd at this stage

 

[Pippy5000]

it's ok.. I made plenty on it no matter what.. My real money today has been from scalping Cable.. I've done it 8 times and only been stopped once..

 

[RidderTrade]

ok congrats dude, every profit you deserve

 

[RidderTrade]

nicely usd/cad 121.89

i am still holding gbp/usd Pipp.. i placed my LIMIT ORDER at 1.4567

 

[RidderTrade]

it's ok.. I made plenty on it no matter what.. My real money today has been from scalping Cable.. I've done it 8 times and only been stopped once..

i think i am off to bed early today..

i made a killing also today, i had 2 corn contracts shorts since last week..
and corn.. traded limit down today.. (-7.32%). but they were profiting even before today, so no need to scalp :cheesy:

i doubled corn, after 1 got into profit.
ADD TO YOUR GLORY.. never to your losers and your DOOM

whoops i also sold off soy.. which was not as well timed as corn, but still its solidly profiting now.. i am putting my limit at 950 which is close to the actual price of around 965, so i hope this will be hit overnight
TODAY we saw A DOUBLE KEY RESERVAL IN SOY. actually the turn was quite DRAMATIC.. it made a new high above thursday and friday highs, but CLOSED BELOW thursday and fridays close.. also trading lower almost limit down. could be some bounce soon, but actually it doesn't really matter., cause normally it will come easily to that price.

ofcourse usd/cad and gbp/usd shorts improved drastically..

have a great night..

ENJOY

 

[RidderTrade]

reserval = reversal

 

[tripleogstar]

what sort of stops u using on ur sterling/dollar n eur/usd trades. I made money on my short sterling dollar, but got stopped out overnight on my eur/usd.

 

[RidderTrade]

@ Tripleogstar..

i currently.. use 1.5167 on gbp

and usd/cad i currently dont use a stoploss, Pipp i am sorry for that

actually stoploss is sometimes a get-loss.. because of the volatile swings..

 

[RidderTrade]

not involved in euro usd at this moment, it is not necessary to participate in everything..

enjoy, have great night

 

[tripleogstar]

I see next big support for gbp/usd at 1.4667. But I don't see sterling falling past this level. I reckon there will b gud support on the sterling, there a lot of foreign demand for it because it is still historically weak. Gilt auctions are likely to be much more successful here than in europe, and this is going to be due to demand from foreign investors due to better yields. I see much more aggressive rate cuts in the eurozone

 

[Pippy5000]

Sorry, went to go see Gran Torino with Clint Eastwood.. great movie..

I have my s/l at 1.507 t/p 1.441 on Cable

I always put a stop loss at 1.138 on USD/CAD "just in case"

 

[Pippy5000]

I have the following s/r for Cable

1.5345 Daily High Jan 9
1.5215 Cloud Bottom
1.5155 Daily High Jan 12
1.5025 Hourly Resistance Jan 12
1.4740 Jan 5 High, 61.8% Fibo
1.4505 Daily Low Jan 6
1.4430 Hourly Low Jan 5
1.4380 Jan 2 Low

we're approaching the 61.8 fib right now..

 

[teojh]

what actually happened in the grains market ridder?

 

[RidderTrade]

teojh.. we were correcting.. the advance from the lows from last year in the grains..

 

[RidderTrade]

****UPDATE********

i converted 400pip profit on gbp/usd

i am not sure, whether i can hold usd/cad before a correction will take a place,

i put a GREEN (profit = sure) STOP in at 121.68 price now 122.33 ( i been longing since 1.18x)

because of a lot of big positions, i go defensive.

converted soybeans, and i will convert double Corn now.. i am up 25% on corn..
this is the same like you long euro/usd at 1.40 and you keep it till 1.75 and then convert it

because we will see some bounce in this week, but not sure when exactly.but i will surely try to sell the rally.

ENJOY your time

 

[RidderTrade]

this because i had double corn..