Forex Day Trader's Thread

cd031_03May04_nyc_wall_st_bull_0177.jpg
 
imo it's bouncing off the support @ 1.484 before tanking further, may take until this afternoon
 
have any of you chaps used forex options? wondering if they may be a useful hedge for long term trades but don't come across anyone mentioning them at all
 
Infinetyp said:
have any of you chaps used forex options? wondering if they may be a useful hedge for long term trades but don't come across anyone mentioning them at all
Click to expand...

yeh i would if trading big size, problem is there mostly european style which isnt the best, but you could get american options on a fx ETF tho
 
because of the double top at 1.4965 the 1.4845 support is very meaningful.. I'm in at 1.485 and out with -25 pips on a break of 1.4845 support
 
BINI-SMAGHI SAYS 'IMMINENT' WAVE OF EU BANK WRITEDOWNS POSSIBLE

Anyone else get that? Comment by lorenzo apparently.
 
EU's Juncker says "could become concerned" on EUR "at certain juncture"
EU COMMENTARY
Says:
- Strong USD in interest of US economy.
- "We don't like excessive volatility" in currencies.
- Not too much concerned by current FX rates, could become more concerned if EUR rises.
- To visit China with ECB's Trichet, EU's Almunia by year end.

Not sure if this was relevant
 
beebs the measured move on a break of 1.4844 is 1.48715 because of the 1hr double top.. get out below 1.4844 ..

I'm long Aussie btw
 
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