Fx futures Journal

[Buy1Sell2]

Quote from Buy1Sell2:

will add at 1.32300

Stopped in and of course it hovers there for a while. If we should get this far, I will add at 1.32570 and then again at 1.33110 basis March euro fx. We're a little over blown on this right now and I could indeed have my head handed to me as well.

 

[Optionpro007]

Hey, if people didn't have different perspectives about the markets we wouldn't have markets to trade.

Quote from romik:

Sorry OP, I borrowed your chart and there is another way of looking at it from a perspective of the inverted H&S pattern, a break of the upper line generally indicates continuation.

 

[romik]

Quote from optionpro007:

Hey, if people didn't have different perspectives about the markets we wouldn't have markets to trade.

no arguments there

 

[Buy1Sell2]

I am long the Euro fx this morning at 1.31650
I will stop and reverse (increasing position) a 1.31420.

 

[Buy1Sell2]

Quote from Buy1Sell2:

I am long the Euro fx this morning at 1.31650
I will stop and reverse (increasing position) a 1.31420.

Stopped and reversed at 1.31420 Loss of 23 pips. I am now short at 1.31420 with larger size

 

[Buy1Sell2]

Quote from Buy1Sell2:

Stopped and reversed at 1.31420 Loss of 23 pips. I am now short at 1.31420 with larger size

Reduced my buy stop to 1.31260. Will reverse there and go back long at original size.

 

[Buy1Sell2]

Quote from Buy1Sell2:

Reduced my buy stop to 1.31260. Will reverse there and go back long at original size.

Stopped and reversed long at original size at 1.31260. 32 pips profit.

 

[Buy1Sell2]

I will reverse and go short at 1.31020 with increased size.

 

[Buy1Sell2]

Quote from Buy1Sell2:

Stopped and reversed long at original size at 1.31260. 32 pips profit.

Added a long here at 1.31390 on strength.

 

[Buy1Sell2]

To be honest, we've got a classic Type A Bullish divergence with the MACD and RSI on the hourly chart. Euro FX.