Contra's FX Journal

C

contra

I have been trading FX for a few years now. I'd like to start a journal, mostly for feedback hoping there are more professionals here then at some other forums that trade more then FX.

I don't know how I will do with this, but we'll give it a shot. I'll try to get a few trades a week in.
 
So I try and trade swings and the occasional intraday punt.

I am not a pro trader, and I am trying to improve. I'd like to eventually get into FX exotic options and equities when/If I get the bread.

I'll discuss my trades as they setup up. I'll have an entry and stop and somewhat of a target but that's the most discretionary aspect.

Identifying a good opportunity and managing risk is the main priority.
 
Mixed crap on ECB and Draghi.

Just heard this:

BBG *CHINA PREPARED TO SPEND 100B YUAN TO SUPPORT STOCKS: STANDARD

?? That seems risk positive.

Looking forward to China data this week...
 
going into europe, I am seeing some negative articals from the Tele and FT on eurozone breakup... sentiment may turn a bit sour, looks like the fade was a good play, we'll see.

us futures ticking down a bit now.
 
most likely going for 0600+ on AUD/USD aussie again tonight.

will also be watching CHF/JPY later.

EUR/USD showing signs of some selling up here. Any rally should be met with SNB selling EUR/USD on diversification.
 
Quote from contra:

Mixed crap on ECB and Draghi.

Just heard this:

BBG *CHINA PREPARED TO SPEND 100B YUAN TO SUPPORT STOCKS: STANDARD

?? That seems risk positive.

Looking forward to China data this week...
More...

Ominous portent of China data.
 
Quote from atticus:

Ominous portent of China data going forward.
More...

Agreed. I think this may be the most important data of the week?

China markets performed quite well last night, all of asia actually.
 
I am hearing that the market is still pricing in more easing in 2012? They must mean Aussie bond markets.

Risk is for a less dovish statement, as expectations are strong for no change on recent upbeat comments from RBA Stevens.

That should take 0600, but I would expect some serious profit taking above 0620 or so.

People looking to fade a freight train maybe 0636/66.
 
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