Forex Day Trader's Thread

Well, on the dailies we have a bounce off the 100 day SMA and we just broke through the 50 day SMA thereby confirming a reversal of yesterday's selloff (if it can close above) .. I'm going to keep buying it on dips..

Optimism is in the air..
 
of course.. then again if buy and hold traders think that 1000 can't be broken in the S&P we are going way, way down.. 1.40 has been incredibly strong but once those long-term guys start to t/p it could crack..
 
final numbers.. 77% of companies posted better than expected earnings and the average was 14% better than expected.. The rally today would have been huge had S&P 1000 not capped it.. unfortunately, it seems Euro will not close above 50 day SMA because of that last minute sell off.. this is anyone's game..


Also, USD is not confirming new equity highs by a long shot..
 
20 pips is a marathon distance for ninja.. it WILL get a bounce off 95.. I'm getting just 10 .
 
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