Forex Day Trader's Thread

[cpngtw]

I'd say it'll help his long filled when it reaches 1.4500 neighborhood.

may not have enough time for the market to get down to that point today though

 

[Pippy5000]

I'm up 25 now but the equity weakness worries me .. stop at 0..

 

[cpngtw]

Indices are shanking, wont help your long. maybe a last hour rally ...

ooppss... miss read the long on EJ. I think you're right

 

[cpngtw]

then get out at 38.2 fib then?

 

[cpngtw]

Fed budget @ 2:00pm est may drag euro to another low, let's see what happens.

 

[Pippy5000]

this trade is frustrating.. I'll tell you that much. It dropped down to within 10 of my 1 pip profit stop and is now back at 25

 

[cpngtw]

maybe that's all the market wants to give you

 

[Pippy5000]

There's support in EJ at 131.25 .. If the fed budget wants to kill my current trade for a tiny profit then I'll just grab it there.. otherwise I have a pretty monstrous t/p on my current trade .. I'd like to see EJ back up near the 50hr SMA..

 

[Pippy5000]

BOOM! I'm up 42 .. let's see if equities will cooperate for the rest of the day

 

[cpngtw]

cool. But 50 hr ma is too aggressive

 

[N Rothschild]

well crude if falling like a ton of bricks (as i said the other day it is still bearish) so much for this thread being a "joke"

 

[Pippy5000]

50hr SMA is too aggressive but I'm trailing my stop now

The guy who said the thread was a joke just had his feelings hurt over my comments about the state of the German economy in early Dec 2008.. at the time the Germans still believed that they were immune to the recession (too much brainwashing from Der Spiegel) ,, Sadly, over the next few months the market let them know what they thought about German feelings of superiority when we shorted their currency back down to 1.28 just like I said we would..

 

[N Rothschild]

you would think the germans learnt who was superior a while ago eh?

 

[Pippy5000]

I'm sick of this Ej trade .. banking 40 ..

 

[cpngtw]

hehe ... they really got into your head

 

[cpngtw]

I think I'm done for the day.

 

[Pippy5000]

"you would think the germans learnt who was superior a while ago eh? "

MUAHAHAH... Hey, I want a roast beef sandwich with mustard.. What should he make for you?

 

[Pippy5000]

"hehe ... they really got into your head "

I quit smoking two days ago

 

[cpngtw]

yeah yeah keep quitting every week

 

[Pippy5000]

if Euro can make it back to 1.4625 I'll short one more time.. otherwise I'm done too..