Fx futures Journal
- Thread starter Buy1Sell2
- Start date
Looks like a short entry now on the DEC Euro futures at 1.2757 with a tigght stop at 2775 since this is an aggressive entry.... Anticipating breakout of bearish flag.
For a little more confidence, wait until it breaks below 1.2750
For a little more confidence, wait until it breaks below 1.2750
Quote from Buy1Sell2:
OK
Having the system go down once in a blue moon is one of the dangers of the short term trades. I don't think the 60 minute chart has had enough time yet to roll and create a large downside.
I will sell on a stop at 1.26700 (Euro FX)
The sell stop will be cancelled at 12:25 If not hit yet.
Pound and Euro are both at their 50% retracements from the big move lower. Right now I am looking for it to bounce off that 50% mark for confirmation that the move lower from 9:30 still is valid. If you missed a short entry, now is a good time to get in at the retracement point with a tight stop.
You will either be correct right away, or wrong quickly and can get out. Nice conservative entry. Use a 15 pip stop more or less off an aggressive entry. For quick trade you can get out at the swing low or hold the short longer.
You will either be correct right away, or wrong quickly and can get out. Nice conservative entry. Use a 15 pip stop more or less off an aggressive entry. For quick trade you can get out at the swing low or hold the short longer.
Move back above retracement levels so I covered my short at 8665 and went long at the same price. Hard to give up my intraday profit swings lol....
Euro fx appears to have solid support at the same level as yesterday. Around 1.27500. I am placing a sell stop to initiate a fresh short at 1.27350. The 240 has flattened out and is actually showing upside potential here(if the current bar ends where it is). I am interested in the short side, so I will wait it out for a new short and follow the stop up or pick a signal from the 60 minute chart.