Fx futures Journal

Buy1Sell2 · Apr 5, 2006

My my that's a large bearish divergence with RSI on hourlies with respect to GECM6

Buy1Sell2 · Apr 5, 2006

Quote from Buy1Sell2:

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.

I began the scale in selling of OTM 126 calls in GECM6 today. If prices rise, I will be scaling in also at higher strikes in increasing numbers.

Buy1Sell2 · Apr 6, 2006

Quote from Buy1Sell2:

My my that's a large bearish divergence with RSI on hourlies with respect to GECM6

Are there any other bingos?

Buy1Sell2 · Apr 6, 2006

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.

yes yes yes. Had to survive a bounce first but there it is.

Buy1Sell2 · Apr 6, 2006

Time for a quck breather here in GEC. Market shows signs of support on hourlies with the bullish divergence in RSI. A long trade here needs a relatively tight stop. I'll maintain the short 126 calls for now by themselves.

Buy1Sell2 · Apr 7, 2006

Quote from Buy1Sell2:

Time for a quck breather here in GEC. Market shows signs of support on hourlies with the bullish divergence in RSI. A long trade here needs a relatively tight stop. I'll maintain the short 126 calls for now by themselves.

Still short the 126 GECM6 calls. This is the only currency trade on right now.

Buy1Sell2 · Apr 8, 2006

With regard to GEC

Trade on Thursday created a bearish divergence with MACD and RSI on daily continuation charts. I would be cautious with a long entry just now. The low today hit the 20 day, so there is always a chance that it won't go through. I am targeting 119.60 initially.

Buy1Sell2 · Apr 10, 2006

Quote from Buy1Sell2:

With regard to GEC

Trade on Thursday created a bearish divergence with MACD and RSI on daily continuation charts. I would be cautious with a long entry just now. The low today hit the 20 day, so there is always a chance that it won't go through. I am targeting 119.60 initially.

Important to have a close below 121.45 today.

Buy1Sell2 · Apr 12, 2006

Quote from Buy1Sell2:

With regard to GEC

Trade on Thursday created a bearish divergence with MACD and RSI on daily continuation charts. I would be cautious with a long entry just now. The low today hit the 20 day, so there is always a chance that it won't go through. I am targeting 119.60 initially.

I am still bearish the Euro fx (GEC). I am still short the 126 calls here. Raised the initial target here for the futures to 120.00

We've closed below the 20 day and that is bearish-- at least to me. If I was short the futures, my stop would be at 122.84. Iwould not build a short here like I have been doing in ES.

Buy1Sell2 · Apr 12, 2006

GAD and GCD are beginning to show signs of weakening technicals. A bit premature here to short the futures. I may begin selling out of the money Canadian calls very shortly perhaps tomorrow.