Forex Day Trader's Thread

[Pippy5000]

stopped out .. reselling at 1.473

 

[Pippy5000]

actually I'm going long Euro to test the recent highs at 1.476

I'll sell much higher than that..

 

[Pippy5000]

can't trust any of this though.. this is garbage trading while the Japs are on vacation..

 

[cpngtw]

totally agree. Maybe trading thin channel like EJ is better

 

[Pippy5000]

I never trade kiwi but there's an option barrier at .72 and it is currently painfully overbought on the hourlies.. I'll try to get 30 pips short with a 15 pip stop when it reaches .719

 

[cpngtw]

I'm out, see you tomorrow Pippy

 

[Pippy5000]

yeah.. this is boring .. I'm taking profit in Euro at 1.4765 (I hope) ..

 

[Depth Trade]

Pippy, where are you long Eur/usd from?

 

[Alg]

EUR/USD very Intraday support 1.4769.
Support we do Buy. Stops 7 pips.

I was ready to replay, but I came to adding , sorry.
There is Video.
How important is every one pip and every one second.
http://www.algforex.com/images/stories/videos/09221.wmv

Our trades based on Intraday - Daily reversion. Reversion level is Pivot levels. Same time they are strong resistance or strong support. Resistance we do Sell, support we do Buy. Thees Entries are 2-7 pips accuracy. And Stops are 25 pips. Later after price moves 15 - 25 pips of Profit move Stops near Entry (This is new. Use to be 40 pips in old market conditions). Also we do trade follow broken Pivot. In this case I do make special note. It works just for special Market conditions and for special levels or pivots. Take some profit at 40 and 70-100 pips. Never close all trade 100%
Do not risk more 3% of your account Balance.

 

[Pippy5000]

I was long from 1.4707 but I t/p'd in my sleep 😉 Now I'm looking to short

 

[Alg]

Now Stops to Entry.
This way we do not loosing no one pip.

 

[Alg]

I was long from 1.4707 but I t/p'd in my sleep 😉 Now I'm looking to short

Good thinking, but much later, if EUR/USD will break higher 1.4823, I'll Buy one more time.👍
See you much later.

 

[Pippy5000]

There's an option barrier at 1.4825 so that would be unwise.

 

[vinicius]

Buying EY at 134.60

 

[Pippy5000]

I'm going to short at 1.4815 with a 17 pip stop hidden behind the barrier and grab 30 pips on the pullback

 

[Pippy5000]

Shorting cable 1.6392 .. reading 96 on the stochastic oscillator hourlies..

 

[Tiger21Invest]

The DXY is a few pips away from breaking below the Sept 22, 2008 low of 75.89 – from there, there is very little support until 70. That was the level of support in early 2008 and is the low since the early 1970’s. Euro hit $1.4821 today, dollar’s lowest point in a year. There hasn’t been strong talk on the part of non-US central bankers and thoughts are that it isn’t causing such a concern. Also, increasing likely the Fed won’t raise rates. Everything points in the direction of – short the dollar.

 

[Depth Trade]

Pippy, please tell what spread you have on Fxcm for Eur/usd and tell me what is was exactly an hour ago.
Or if someone else could give me that information.

 

[cpngtw]

Buying EY at 134.60

good buy right @ the trend

 

[vinicius]

If you guys trade Aussie.. A/J is in a pretty good support