Chronicle of a Death Foretold ?

Today March 7 2007 US Session: (Live EUR/US Futures)

15:30 GMT +1

Trade 3

1. 15:30 GMT+1 (131.42). Price above 36 SMA? (yes) Long (Yes)

2. Next news: 16:30 Crude Oil Inventories

3. M2 BB hit? (yes)
M2 RSI oversold? (no)
Daily pivot hit? (R1 131.42 otherwise M10 36SMA ) (yes)

Status: Waiting for extra confirmation "oversold" because the proximity to news

jjrvat
 
Today March 7 2007 US Session: (Live EUR/US Futures)

15:51 GMT +1

Trade 3

1. 15:51 GMT+1 (131.42). Price above 36 SMA? (yes) Long (Yes)

2. Next news: 16:30 Crude Oil Inventories

3. M2 BB hit? (yes)
M2 RSI oversold? (no)
Daily pivot hit? (R1 131.42 otherwise M10 36SMA ) (yes)

Status: Waiting the next 10 mins for extra confirmation "oversold" otherwise cancel trade

jjrvat
 
Today March 7 2007 US Session: (Live EUR/US Futures)

16:00 GMT +1

Trade 3 CANCELLED
Reasons:

1 hour in 8 point channel around pivot 131.42. Too long

2. Never reach oversold RSI, neither move up enough to discard the trade.

Random comments:

1. Could have gone for two 5 pips trades 15:04 and 15:48 (all confirmation ok except RSI that was really close to oversold). With 7 pip profits already taken today I should have taken the risk ... Or maybe not ....

jjrvat
 
Today March 7 2007 US Session: (Live EUR/US Futures)

16:11 GMT +1

Random comments:

1. With one winner, one losser and one half failed and half didnt pull the trigger on time, I will wait for a clear entry in the next hour or so otherwise call the day.


jjrvat
 
Quote from jjrvat:

Today March 7 2007 US Session: (Live EUR/US Futures)

16:00 GMT +1

Trade 3 CANCELLED
Reasons:

1 hour in 8 point channel around pivot 131.42. Too long

2. Never reach oversold RSI, neither move up enough to discard the trade.

Random comments:

1. Could have gone for two 5 pips trades 15:04 and 15:48 (all confirmation ok except RSI that was really close to oversold). With 7 pip profits already taken today I should have taken the risk ... Or maybe not ....

jjrvat
More...

ARGGG price 131.60 (16:22PM) ... 18 points !!!
 
Today March 7 2007 US Session: (Live EUR/US Futures)

16:42 GMT +1

1. Crude Oil Inventories (-4.8M). To be honest I dont know how to evaluate the short term impact of this negative news on the eur/usd pair.

2. But Seeing all charts, it seems that usd/eur is overbought in every one of those M240, M60, M30, M15, M10, M5, M2, M1 and the next pivot point comes at 131.65, plus a M10 MACD divergence is forming.

3. I am not sure in the short term to go long.

Status: step aside
 
Today March 7 2007 US Session: (Live EUR/US Futures)

18:25 GMT +1 (131.52)

1. Nice triple M10 MACD divergence forming but US aproaching to choppy hours.

2. I step aside for 2 hours and I missed a perfect entry point to go long again 17:00... i guess i was scare of the overbought signals in all periods.

Status: About to close but i´m going to give it a try to see what happen with the M10 MACD divergence

jjrvat
 
Today March 7 2007 US Session: (Live EUR/US Futures)

18:41 GMT +1 UPDATE !!!

Trade 3

1. 18:41 GMT+1 (131.61). Price above 36 SMA? (yes) Short** macd DIVERGENCE (Yes)

3. M2 BB hit? (yes)
M2 RSI overBOUGHT? (yes)
Daily pivot hit? (yes)

Status: short 131.61
jjrvat
 
Today March 7 2007 US Session: (Live EUR/US Futures)

18:50 GMT +1 UPDATE !!! 131.55

Trade 3

Because this is a macd divergence I am going to use the WMA exit. Whatever come first 8 point or the cross back
jjrvat
 
Today March 7 2007 US Session: (Live EUR/US Futures)

18:57 GMT +1 UPDATE !!!

Trade 3

1. 18:41 GMT+1 (131.61). Price above 36 SMA? (yes) Short** macd DIVERGENCE (Yes)

3. M2 BB hit? (yes)
M2 RSI overBOUGHT? (yes)
Daily pivot hit? (yes)

Status: YESSS exit at 131.53 (18:56) Reason: hit 8 pips

jjrvat
 
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