Fx futures Journal
- Thread starter Buy1Sell2
- Start date
I went ahead and exited today at 1.2592. The pullbacks never seemed to offer the strength that I was looking for. 82 pip loss. On the brighter side, I saw hourly bearish divergence and sold two Canadian units--one at .9076 and the other at .9095. I am still in those and they are looking very good now on daily charts as well, with the triple top in the Canadian. I was also short the Aussie futures at .7475, but got head faked on the hourly chart and covered at .7440 for 35 pip gain. Market is now trading at .7389, so I am a bit dissapointed in the small gain there. LUckily, the Canadian is making up more than the Euro loss and if the daily chart ends where it is right now , it is an obvious triple bearish divergence, so I will hold the short Canadian here and most likely sell on rallies.
Yup, looks like an island reversal as well. Is going to tank.
Yup, canadian. I only use the day session. Coz i think it is meaningless to look at the overnight session when the US and Canadian markets are closed.
Here is the chart. Not picture perfect island reversal, but it is pretty close. Today's high was just 4 ticks higher than yesterday's low.
Here is the chart. Not picture perfect island reversal, but it is pretty close. Today's high was just 4 ticks higher than yesterday's low.
Trading the EURO FX futures myself now 
The Euro futures have 1 pip spreads and the commissions depend on your firm. They are pretty liquid and move in tandem with the Euro spot with a premium of course. So if you put the Euro spot and track it with the Euro FX future they change and move in tandem. So any set-ups you have on the spot will work on the futures.
I actually have been applying a lot of the ES and YM indicators and set-ups to the EURO and they seem to work quite well. I find that the FX futures trend better and often in many cases.
The Euro futures is $12.50 a tick and one contract controls the equivalent of $125,000 with margin similar to that of the ES, plus no rollover after 2 days or debit interest (of course no credit either).
SInce you have been trading futures, try and apply your indicators to Euro FX futures and see the comparison. Of course some adjustments will be required but it is a good place to start.
I actually have been applying a lot of the ES and YM indicators and set-ups to the EURO and they seem to work quite well. I find that the FX futures trend better and often in many cases.
The Euro futures is $12.50 a tick and one contract controls the equivalent of $125,000 with margin similar to that of the ES, plus no rollover after 2 days or debit interest (of course no credit either).
SInce you have been trading futures, try and apply your indicators to Euro FX futures and see the comparison. Of course some adjustments will be required but it is a good place to start.