ES Journal Archive (2009 - 2010)

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Update on DX..

Once the Feb 22nd lows are taken out the dollar is really going to start to tumble.

Short dollar basket is up big but only 20x leverage.

Scalping on <15m is not going so well. Took a 30% DD on scalping account over past 2 days.

FOMC should provide some volatility for us today.

GL & GT to all.
 

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Quote from BoyBrutus:

I hope your order entry is more accurate than your posting :D

Actually I expect 1200 to be taken out today ... to complete a significant swing high.

FOMC can delay that from happening now until the announecment is made.

p.s. I do not pick top and bottom. I only hop onto a train for some tiny tiny profits. =)
 
Quote from Bigpipn:


Scalping on <15m is not going so well. Took a 30% DD on scalping account over past 2 days.

Just curious. How can such a big DD for scalping FX in such a short period of time? This kind of DD is very unlikely in stock index future scalping as long as certain risk management is in place.

I don't trade FX. Just looking at the charts, I feel it is more difficulty to scalp FX than scalp stock index futures. Maybe I've not known enough about FX.
 
Quote from Jahajee:

Strong up move that started yesterday hasn't weakened as yet
so I still haven't shorted. Will short from 775 to about 790 but not if the uptrend is still strong.

SPX 785 to 795 is a very strong resistance zone

That means it is an attractor for ES to go there.

If ES really stops at 777 only while NQ goes all the way to 1210, I will get very religious ...
 
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