Baruch's Forex System Journal

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Quote from rax:

i like fishing, too, pulling some big fish out of the sea called the market :D.

i want to trade intraday in forex(even if im in for some days), so i need intraday data which i dont have at the moment.

i think there are huge difference between forex and indexes.
one point im thinking about here is, though very simplified, the inherent tendency of equity indexes to rise continually, with fluctuations, of course, symbolising long term economic growth. on the contrary forex rates rather have the tendency to oscillate, though in a very wide range (please correct me, if im wrong).
for example with equity indexes one very successful strategy has always been buy and hold - im not sure if thats the case with forex rates too.
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Hi rax,

Try this one:

www.dailyfx.com
 
No much data coming out the coming week.

Higlights will be Empire State Index Monday and Philly Fed Thursday.

Last mont there was a big jump, so now the market expects the reports to fade 2 points each. A new jump would be a real surprise.

There will also be Jobless Claims Thursday.

The market is expecting a FED rate hike in June (but only 1/4%).

So what will be the focus newt week? High oil prices, Iraq, terror, who knows? And maybe the selling of US bonds. Last week the bond funds lost 3.6 billion dollars. What will happen if Japan and/or China really begins to sell out of their mountains of US bonds?

In Europe we will get Euro-zone trade balance Wednesday.
 
Quote from rax:

short eurjpy and usdjpy looks good to me, technically.
with the eurusd im not sure. if i would be long, i would stay long. right now im flat (closed the friday short with a small loss).
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Why short? The new trend in both pairs are long?
 
Quote from Baruch:

Why short? The new trend in both pairs are long?
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thats true, well its a contrarian idea.
the trend is of course long. maybe its better to be on the long side for these two,
from the fundamentals im reading (foreign money leaving the japanese stock market).
short would just be betting on a little reaction. so maybe short now, wait for reaction and the long?
or flat, wait for reaction, then long?
or dont wait for a reaction at all, long right away?
 
Quote from rax:

thats true, well its a contrarian idea.
the trend is of course long. maybe its better to be on the long side for these two,
from the fundamentals im reading (foreign money leaving the japanese stock market).
short would just be betting on a little reaction. so maybe short now, wait for reaction and the long?
or flat, wait for reaction, then long?
or dont wait for a reaction at all, long right away?
More...

I don't know. I don't follow the yen, because I don't know very much about what's happening in Japan.

But If I traded yen with with my system, I would be short the yen.
 
Quote from Guardian Angel:

Baruch,

I have noticed some key points in the FX mkt that is not consistant in the E-mini's:

the intraday chop is more constant and the breakout trends more mature.

have you considered trading the 4 hr charts and looking at taking fewer pips out with greater size?

just a thought.
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I have spent some time watching 4 hr charts - and they look very good. But can we trade with those big charts? And what about the big eco news?
 
Quote from riskarb:

EUR/USD to 1.1940 on Monday; 1.2030 by Friday. I'll be short (delta) in EUR/JPY and USD/JPY next week as well. Just my $.02.
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OK. Why short?
 
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