Forex Day Trader's Thread

[cpngtw]

Ridd are you coming to Austin

 

[Pippy5000]

great.. Trip is rubbing off on you.. gud shud ..

alright then.. bust 'em out .. I have match!

tambratx
bmeliseb
wildhorses28

keep in mind that I'm 35 too chief.. it's a miracle someone as hamsum as me even participates in this thread..

Anyone have any positions?? Looks to be some thin liquidity shenanigans happening.. I refuse to take a position before 1.42 but it will be -$200,000 and I WILL HOLD IT for at least $2k profit!

 

[cpngtw]

not at the moment. some scalping later if it shows

 

[Pippy5000]

Japanese bank holiday today.. choppiness expected

 

[Pippy5000]

good resistance at 94.4 in ninja.. worth a shot because you can use really tiny stops on ninja.. only thing that worries me is that bank holiday in Japan.. might not be enough players to hold the line

 

[tripleogstar]

i want to short gbp/jpy, but don't have the guts to go through with it.

 

[cpngtw]

if ninja breaks 94.5, it'll be on way to around 96.5

 

[Pippy5000]

alright I'm totally sick of this.. I haven't had a trade in like 5 days..

-$100,000 1.4145 double-down at 1.4195 .. stop +$400,000 at 1.4215 +50/-30

 

[cpngtw]

wow

 

[cpngtw]

GBP/JPY just completed a rally following a double bottom, i think it's now ranging between 152.3 - 155 before having a sure direction. It may have a break out tomorrow or Tues & leading up to 159.

-- may be wrong

 

[cpngtw]

Pippy, I think euro will reach 1.42, although may take up to tomorrow morning

 

[Pippy5000]

I'll be just fine in that case .. the only thing that will really kill me is a false breakout North.. I'll get stopped monstrously long and short

 

[cpngtw]

long GJ 30/50

 

[Pippy5000]

You mean 50/30?

 

[cpngtw]

risk 30

 

[cpngtw]

tp is the upper range @ 155. let's see if I need to cut it earlier

 

[Pippy5000]

risk 30? man you might as well just give your money away .. GJ takes a big stop!

I take it you're using a stop order rather than a limit order?

 

[Pippy5000]

major breakouts in Yen pairs.. might not be sustainable..

 

[cpngtw]

yup. this just to catch a small move, so small stop is fine. if it's lower than 154.2 then what I'm doing is wrong

 

[cpngtw]

move sl to @ 154.55