Forex Day Trader's Thread

[Pippy5000]

I wonder if this is the big correction?

 

[Pippy5000]

I'm removing all long Euro orders and putting a sell stop in Euro sub 1.42

 

[bbc1183]

this could be it... i have a tiny piece short euro from 1.43. im looking for a bounce back to add more. seems to me like this could be the start of a big leg down. but i was early on this trade once before.

 

[Pippy5000]

I'd love to trade the range as this would be an excellent spot for a long but I smell blood this time..

 

[Pippy5000]

UH OH.. S&P 1000 is in focus.. this could be it!

 

[N Rothschild]

here comes the dollarrrrrr

 

[N Rothschild]

1st of september, right on que lol

 

[Pippy5000]

headfake?

 

[Pippy5000]

last hour could be totally wild..

 

[wh92stang]

Probably won't happen today but if it gets down to 1.4125ish I'll buy... maybe heavily depending on what I feel like if it gets down ther.

 

[Pippy5000]

I was just looking at that and I see daily SMA support at 1.4138

I could easily see a bounce happening from there but I don't think I'd hold it.. A serious of events would have happened in order to get it down that far in the first place that would suggest further downside.. most likely to the 1.401 area first.. I think I'll just bide my time and go long there and hold it for at least 100 pips..

 

[wh92stang]

It looks like there are some buyers out there. It just broke above the previous bar on the hourlies, and the S&P just broke through an intraday trendline (I'm using 5 minute bars).

Edit, nevermind that S&P comment, it looked like it was going, but it quickly returned south.

 

[Pippy5000]

I'm now short at 1.422 looking to get 70 with a 30 pip stop .. I'm not expecting global equities to like this US selloff very much. Particularly not the Japanese because a lot of US panic was inspired by negative automaker news. Negative automaker news really freaks the Japanese out.. Anyway, I think this trade is worth a shot..

 

[bbc1183]

be a little careful with that... might want to give a little more room with that stop. looking to add on short on a bounce maybe up near 1.425

 

[Pippy5000]

S&P closed at 998.04 .. there was an attempt at an ill-conceived rally at the end there but it got beat down handily.

 

[Pippy5000]

yeah the stop is a few pips short of safe..

 

[Pippy5000]

t/p is now 71 s/l 34

 

[Pippy5000]

anyone going to trade Asia tonight? should be interesting.

 

[N Rothschild]

might have a little flutter

 

[Pippy5000]

Is that UK slang? What do you mean? Also, have you had any dates?