Chronicle of a Death Foretold ?

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

19:07 GMT +1

End Trade 3 Overview

1. Entry 18:41 GMT+1 (131.61). Price above 36 SMA? (yes) Short** macd DIVERGENCE (Yes)
M2 BB hit? (yes)
M2 RSI overBOUGHT? (yes)
Daily pivot hit? (yes)

2. Exit 18:56 (131.53) Reasaon: Hit 8 pips target

3. Random Comments
If I used the WMA exit I will still on the trade 132.47 (14 pips) .... dont get greedy !!! .... Happy ending of the day...

jjrvat
 
Today March 7 2007 US Session: (Live EUR/US Futures)
19:13 Gmt + 1

Trading day 3 summary

Daily evaluation: good day. 3 trades and 1 missed.

Rating: Good
Trades: 3
Winners 2 (16 pips)
losers 1 (1 pip)
Missed trades: 1
Profit: 15 pips

Direction Forecast for long or shorts: 7/10

9:30 – 10:30 Shorts. OK
10:40 - 14:15 Shorts. Wrong, that was the reason for the lost trade
14:30 - 18:00 Longs. OK
18:30 - ... MACD divergence short. ok

Entries: 7/10. The 3 entries were good but missed 2 opportunities to get in the first afternoon (Europe time) trade.


Exit: 9/10. Both winners exits were good but the looser exit was almost perfect only lost 1 pip after moving the stop 2 times.
 
Today March 7 2007 US Session.

20:00 Gmt +1

Final comments of the day.

1. Tomorrow is a big day for the Euro. The ECB is expected to announce an increase of the interest rate.

2. After seeing the last hour (price is reaching 131.75) I wonder if the big players are positioning for a massive sell of ...but i dont want to be bias....

3. It´s going to be a very difficult day tomorrow ... we´ll see

jjrvat
 
Today March 8 2007 European Session: (Live EUR/US Futures)

9:18 GMT +1

Trade 1

1. 9:20 AM (131.69). Price below 36 SMA? (yes) Short (yes)

2. 8:45am EUR French Central Government Balance (-5.5B)
Next: 12:00pm EUR German Industrial Production m/m

3. M2 BB hit? (no)
M2 RSI overbought? (no)
Daily pivot hit? (no).

Status: Waiting for confirmations to short

jjrvat
 
Today March 8 2007 European Session: (Live EUR/US Futures)

9:25 GMT +1

Trade 1
Random comments

131.75 looks like a nice entry (daily pivot) but i'm going to wait for confirmations

jjrvat
 
Quote from jjrvat:

Today March 8 2007 European Session: (Live EUR/US Futures)

9:25 GMT +1

Trade 1
Random comments

131.75 looks like a nice entry (daily pivot) but i'm going to wait for confirmations

jjrvat
More...

....Missed ... 9:30AM 131.68....
 
Today March 8 2007 European Session: (Live EUR/US Futures)

9:35 GMT +1

Random Comments

1. Missed Trade 1 ... 15 (pips) and going down ....

Status: waiting for setup to go short
 
Today March 8 2007 European Session: (Live EUR/US Futures)

9:50 GMT +1 (Price 131.57)


Daily Pivot points comments:

1. Price hit S1 at 131.52 and sttopped the fall (20 points in 15 mins)

2. Next resistances for possible entries: 131.63 and the major 131.73 ....

jjrvat
 
Today March 8 2007 European Session: (Live EUR/US Futures)

10:00 GMT +1

Bollinger Band dilemma:

1. I think i need to adapt my system for this morning trading ... the distance from the price to the M2 BB is more than 23 points ... I will never go short if a wait for all confirmations.

2. Thats the problem i usually have when there is a fast moving trend I didn't catch it from the beginnig....

3. The problem of not using the BB as a confirmation is that I only depend on pivot points for resistance and support levels which sometimes affect my entry points because of whipsaws that hit my 6 pips stop loss ....

jjrvat
 

Attachments

Today March 8 2007 European Session: (Live EUR/US Futures)

10:18 GMT +1

Trade 1

1. 10:18 AM (131.58). Price below 36 SMA? (yes) Short (yes)

2. Next: 12:00pm EUR German Industrial Production m/m

3. M2 BB hit? (no*)
M2 RSI overbought? (no)
Daily pivot hit? (131.63) (no).

Status: Waiting for confirmations to short

jjrvat
 
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