Forex Day Trader's Thread

[vinicius]

I am short 1.4286 is my stop loss

Good short.. I was as well and just going flat before news..

Last time the price had a spike of 70 pips in the fake direction and took me off with a loss..

If something similar happens today I will be selling at 1.431 and 1.432

Good luck

 

[vinicius]

By the way...

Would be nice to see Dow at 9650. Good short as well..

 

[vinicius]

I have one Friday with the latina and another one on Sunday with a blue eyed schoolteacher that lives really close.. I went on one last night too..

Do you have eastern europeans in there Pippy?

 

[RidderTrade]

little action.. wait and see

 

[bbc1183]

went short a small piece of euro 1.4280, willing to add higher

 

[vinicius]

Strong support at 1.4250..

Ridder..

With the data out.. What is your view on this...

Data shows the economy is improving and risk appetite is ON. And the which theme will it play into.. the one that says a recovering US economy is good for global growth and therefore risk appetite and higher yielders? that could pressure the greenback as it has been the currency of safe-haven, and with its low interest rate is actually a funding currency for carry trade.., or? will the fundamentals from the US actually help the greenback if investors believe the Fed will be first to raise rates..

 

[bbc1183]

the data was inconclusive either way. and i would recommend not trying to bet on who will be the first to raise rates. thats just gambling. the eur/usd is weak compared to us equities. that is the trend until it proves otherwise. maybe it breaks resistance at 1.4450 but i would still recommend going short that pair at good prices.

 

[N Rothschild]

all the people crying about the dollar is gona fall bla bla seem to forget if the fed raise the rates AT ALL there will be a savage rally in the dollar. and i think they are going to!

 

[vinicius]

all the people crying about the dollar is gona fall bla bla seem to forget if the fed raise the rates AT ALL there will be a savage rally in the dollar. and i think they are going to!

But the thing is when..

 

[N Rothschild]

october is my bet.

 

[Pippy5000]

the talking heads at my broker are saying there's a daily h&s forming in Euro and a break of the neckline sends Euro back to sub 1.37 .. they say it should happen in early September

 

[bbc1183]

fingers crossed for that, would be great

 

[Pippy5000]

I'm selling Euros at 1.4279

 

[Pippy5000]

looks like I missed it by 2 pips.. day is still young though.

 

[bbc1183]

this treasury auction might prove interesting actually

 

[Pippy5000]

selling Euros at 1.429 instead

 

[Pippy5000]

this AIG news has the markets excited

 

[Pippy5000]

I think I like selling at 1.431 better

 

[Pippy5000]

I am filled at 1.431 ... we shall see

 

[wh92stang]

WTF is going on with the dollar.