Forex Day Trader's Thread

[RidderTrade]

morning pip.. hope euro wil hit about 1.3480.. and then returns his down journey

usd/chf 1.1423 waiting for higher price to sell

 

[tripleogstar]

pippy, don't you think that this fed rate decision could cause a rally in the dollar. There is not much room for the fed to do anything anymore, unless they decide to buy toxic assets, which in turn will lead to a rally on the dollar. There is obviously the chance that the dollar could absolutely tank if the fed decides to do nothing and the market takes the view that the U.S economy is screwed.

 

[tripleogstar]

didn't read the latest, obama has already planned to buy toxic assets, hence rally in equities

 

[RidderTrade]

hi trip

 

[tripleogstar]

hello ridder. how has your day been so far

 

[RidderTrade]

hello trip. my day is ok..

euro now failed twice around 1.3330

 

[tripleogstar]

the ftse 100 and the dow have resistance at 4300 and 8300, respectively. And the market is stuggling to get past these levels. So this could signal a pause in dollar selling against sterling and euro (if the reason for all this dollar selling is based on risk appetite, which is the most likely reason)

 

[tripleogstar]

I have a short position on the FTSE100 at 4300

 

[RidderTrade]

I have a short position on the FTSE100 at 4300

hi trippie.. after 4300 which is next resistance on ftse100?

 

[RidderTrade]

trip..yes this could be all of the rise against usd..
but we will be patient

 

[RidderTrade]

usd/chf 1.1451 order to open at 1.1486 is approaching..

put a tight stop on these.. of only 60pip , either it is good or it is wrong.

will be last bet against usd, if it fail. look for usd to rocket sooner or later

 

[RidderTrade]

hi..welshandy1.. aussie.. man

 

[welshandy1]

hey ridder
good day so far?

 

[RidderTrade]

holding steady.. after monday, tuesday's surge..
but day has long to go

 

[Pippy5000]

I think we could see a ton of USD weakness today.. S&P500 is way up .. that decision later today could murder the USD..

 

[RidderTrade]

missed out usd chf on 20pip.. if it not moves up now i delete it..

 

[welshandy1]

I think we could see a ton of USD weakness today.. S&P500 is way up .. that decision later today could murder the USD..

hey Pippy,
so based on that, would you go long on GBP/USD? It looks like there is some room to run up to 1.45 maybe?

 

[tripleogstar]

hi trippie.. after 4300 which is next resistance on ftse100?

4400 is the next key resistance, after that its 4705

 

[Pippy5000]

ouch.. you barely missed a good Swissie trade Ridd..

 

[RidderTrade]

decline you *******s.. boeing cut jobs, caterpillar.. this rally is the worst sucker rally i ever witnessed