Fx futures Journal

Quote from Buy1Sell2:

I will be stopping myself in to another short position at 1.2790(Euro FX):)

we're you filled on this? Im not sure how long you leave your orders out there.
 
Quote from Trader273:

we're you filled on this? Im not sure how long you leave your orders out there.

Yes-- Globex orders don't carry overnight, so I re enter the order between 5 and 6 PM. So far, this one is wrong, but these are longer term plays here and I've given them a wide berth. :)
 
Quote from Buy1Sell2:

Yes-- Globex orders don't carry overnight, so I re enter the order between 5 and 6 PM. So far, this one is wrong, but these are longer term plays here and I've given them a wide berth. :)

I think you mentioned where your stop would be, but I cant remember. I would guess somewhere above the 1.3005 level.
 
Quote from Buy1Sell2:

This market is a little frustrating at the moment--This is why you must have patience to be successful. I will be stopping myself in to another short when we hit 1.2823 as I feel there is good potential for a downside market the rest of the day. :)

I've cancelled this order for a new short for the moment. I may reinitiate this order at some point. I believe that I can be patient and find a better entry.
 
Quote from Buy1Sell2:

I've cancelled this order for a new short for the moment. I may reinitiate this order at some point. I believe that I can be patient and find a better entry.

I have reinstated the sell stop at 1.2823. I saw some action after whatever report or news came out at 10 that suggests the downside again.
 
Quote from Buy1Sell2:

I have reinstated the sell stop at 1.2823. I saw some action after whatever report or news came out at 10 that suggests the downside again.

filled. using same stop 1.3026
 
Quote from Buy1Sell2:

We'll need to get that closing price below 1.2806 to give us some more confirmation of a downturn.


Nice little move down here. Took a short at 2814. It should be able to close down here for the day
 
My goodness we need to have the British Pound Futures make a new daily low today or tomorrow. I'm, still short from 1.8847 and looking for downside. The market just teases everyday so far. Stop still above 1.92
 
If the Euro FX chart stays this way at closing, I would be inclined to see this as harbinger of further downside. Today constitutes an "outside reversal down day". When we've had these in the past, they generally lead to more downside. Staying short for now. :)


Note: Getting past 1.2722 over the next days would be very significant in my view.
 
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