Fx futures Journal

Quote from Buy1Sell2:

3 of the 4 currencies I track are showing signs of hourly strength. Aussie is shwoing signs of hourly weakness. If these currencies , especially the GEC make an extended rebound and head higher, I would look for that to be negative for ES and US indices in general.
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Just looked at the charts again for the first time since yesterday. This looks to have been right on the mark. The Aussie finally did get healthy after three dips as well. As you know, I closed my short GJY yesterday and am on the sidelines in each market. Just as I suspected GEC would be in an uptrend until further notice. The GJY and GCD still look to be the weaker sisters here and I will watch close for signals to short. I am intrigued by the strength of the GEC and will be looking to start shorting OTM calls here. Perhaps the126 to 128 area. I will use limit orders well above the market to enter. I don't use the greek info on options as many of you know. I feel it to be unnecessary.
 
I'll be taking a long look near the Globex close today and making a decision as to whether or not I should go long the GCD contract. A lot will depend on the prices near closing.
 
The GCD has shown some strength here and I especially like the higher trough on the RSI which constitutes a class A Bullish divergence on the daily continuation chart. Bullish divergence exits on the Histogram as well. I'll set a stop below 85.00 and go long here at 86.14.
 
GJY is so listless on the daily chart. The only signal I see is a lengthening bearish divergence on the hourly chart with respect to the Histogram and a slightly negative tone for the RSI. Shorting here has a slightly higher probability of success than long.
 
I don't think just yet would be a good time to buck the GAD uptrend. There is a potential for a divergence but it is way too early to consider that in terms of hourlies.
 
Impressive run for GEC. The RSI on hourlies certainly looks bearish now, --I would rather have a second lower peak on the histogram to make this a stronger signal. I still believe overall we are in an uptrend. I will be shorting the 126 calls tomorrow-- I will scale in.
 
Quote from Buy1Sell2:

I don't think just yet would be a good time to buck the GAD uptrend. There is a potential for a divergence but it is way too early to consider that in terms of hourlies.
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The time has now arrived for a short here on hourly charts. With the divergence in both RSI and Histogram.
 
Quote from Buy1Sell2:

GJY is so listless on the daily chart. The only signal I see is a lengthening bearish divergence on the hourly chart with respect to the Histogram and a slightly negative tone for the RSI. Shorting here has a slightly higher probability of success than long.
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This analysis was initially wrong--we had a bounce first, before the sell off.
 
Quote from Buy1Sell2:

The GCD has shown some strength here and I especially like the higher trough on the RSI which constitutes a class A Bullish divergence on the daily continuation chart. Bullish divergence exits on the Histogram as well. I'll set a stop below 85.00 and go long here at 86.14.
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I closed at 86.37 for 21 pip profit. I think there may be a better entry later
 
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