Fx futures Journal

Buy1Sell2 · May 5, 2006

Aussie futures look overdone here with a 12 minute chart double top RSI . I am short at 77.24

Buy1Sell2 · May 5, 2006

Short GECM6 at 1.2768. RSI Hourly bearish divergence. Nearly a total MACD histogram divergence as well.

Buy1Sell2 · May 17, 2006

Nice ride down here on the Aussie today. I shorted overnight at .7675 only to see I was faked out. I added a second short at .7706 and here we are now on the Bearish divergence on hourlies at .7630. I am also short the Euro as it had divergence as well. I may hold the Aussie short as a longer term play as the daily charts are showing quite a bit of reversal strength.

Buy1Sell2 · May 19, 2006

I am long the yen futures from this morning at .8971 on hourly bullish histogram divergence. I am stuck here trying to break thru .9000. Technicals (not daily) say stay long so that is what I will do.

Buy1Sell2 · May 22, 2006

Quote from Buy1Sell2:

I am long the yen futures from this morning at .8971 on hourly bullish histogram divergence. I am stuck here trying to break thru .9000. Technicals (not daily) say stay long so that is what I will do.

I am still in this trade and have been averaging into it at lower prices. We then have had a triple hourly bullish divergence, so I am long still and holding.

Buy1Sell2 · May 22, 2006

Quote from Buy1Sell2:

I am still in this trade and have been averaging into it at lower prices. We then have had a triple hourly bullish divergence, so I am long still and holding.

This yen futures trade has worked out nicely. It just took a little patience and some averaging in. We are sitting at .9018 as we speak. My highest entry was .8971.--I currently have a trailing stop which I will continue to move upwards.

Buy1Sell2 · Jun 7, 2006

The Globex euro futures contract on 15 minute charts and on 60 minute charts is threatening an upside reversal and has been all morning. I am long now the Euro futures from 1.2781. Also same situation with Aussie I am long now from .7399.

Buy1Sell2 · Jun 8, 2006

Took profit on the Aussie at .7438 39 pips. Still holding the Euro long here. May get out on bounce.

Buy1Sell2 · Jun 9, 2006

Still holding the Euro futures long here. Looking for an extended bounce and will then reverse on bearish signals from hourly charts.

Buy1Sell2 · Jun 9, 2006

Quote from Buy1Sell2:

Still holding the Euro futures long here. Looking for an extended bounce and will then reverse on bearish signals from hourly charts.

The way the hourly chart is looking here, I may add long at 10:20 AM if it stays intact. Bullish divergence is brewing.