Fx futures Journal
- Thread starter Buy1Sell2
- Start date
Haven't been in the Currency futures for a bit while I was deciding whether or not I wanted to continue with trading more intraday or daily etc. I have decided that I am better with the longer term and so will continue the journal now with longer term trades from the daily chart. I have shorted the Aussie futures here at .7647 with a buy stop at .7776. I'll trail the stop down and look to perhaps add shorts below the reaction low of .7581. 
While not necessarily a home run yet, it certainly is a nice start to the trade. Price is .7601 as I write.Quote from Buy1Sell2:
Haven't been in the Currency futures for a bit while I was deciding whether or not I wanted to continue with trading more intraday or daily etc. I have decided that I am better with the longer term and so will continue the journal now with longer term trades from the daily chart. I have shorted the Aussie futures here at .7647 with a buy stop at .7776. I'll trail the stop down and look to perhaps add shorts below the reaction low of .7581.
There is a very good chance that with this bounce , both Euro FX and the British Pound futures are near their highs and will reverse lower. I know it doesn't look that way right now, but it is very possible. I will still be holding the British Pound and Aussie short here. Aussie looks over done as well, but to a lesser extent at the moment.
Just came across this journal, I'm glad to see more and more people trading the EC. There's another thread about how people are getting ripped off by the bucket shops. Hopefully that will drive more people to the EC and the other currencies. Not too much going on with the EC, or anything for that matter, so basically just stopping by to say hello.