Forex Day Trader's Thread

[RidderTrade]

the usd index will surely hit 85 again this year, looking at the downside limit it should be NOT more than 1,2 points worst case

 

[RidderTrade]

virtually there are almost no bulls left for the usd, so the usd will not be on the cliff for a heavy decline, at least not now

 

[Pippy5000]

really bad news from China just came out.. China exports dropping by 17% this year..

 

[RidderTrade]

did some analysis on the usd index, and its in the very very late stage of the decline

 

[RidderTrade]

most probably there be 1 more down leg for the usd, its hard to give an exact time frame, but this could bottom within 8 hours or few days something like that

 

[RidderTrade]

woke up, this is asia session

 

[RidderTrade]

but now no one here

 

[RidderTrade]

emty house here... not much movement in usd either..

 

[virtuos0]

emty house here... not much movement in usd either..

I see everything is consolidating right now, calm before the storm.

Series of inside bars on hourly cable, I wait with baited breath.

 

[RidderTrade]

i bought usd index for medium term trading..

i recovered from 1000 euro down in morning trading this is the third time this week i rebounded sharply but this amount of luck cannot continu if you think reasonably , i am pausing short term trading and put a few medium term trades in where i am confident in they will be profiting after a while and dont be too worried as they move a bit in the red first, and will have a break.

futhermore i withdraw a nice amount of gains of which i battled hard for in the last 3 months, i withdraw 60% and keep 40% for medium trading

 

[RidderTrade]

i lost 4 trades in a row before i was able to find a good one, which i let run the profit (now converted)
yeah surely i washed away 4 with 1 gain.. but... i need a break anyway..

the problem is you lose easily, and to gain back you have to raise your stakes and sizes
(dont like it )

 

[RidderTrade]

good luck

 

[Tuky]

I think USD/JPY could be shorted BELOW 96 with stop above 96.10. Any comments?

 

[Pippy5000]

short ninja 95.8 .. going back to bed.. we shall see

 

[Tuky]

where is your stop?

 

[Pippy5000]

banking 27 on daily SMA support

my stop was at 96.1 .. I will short again if it can climb up

 

[Pippy5000]

there goes S&P support....

 

[Pippy5000]

going to try to grab EJ long 136.6

 

[Pippy5000]

selling Euros 1.4398 20/-20

 

[Pippy5000]

Looks like some banks are mad at the GBP.. whoa.. tank-o-matic 2009