Fx futures Journal

Quote from patrick_newB:

Caught a total of 45 pips over 3 scales on a short - didn't ride it as far as it went. Now I'm scaling in long. The bottom might still not be in but I will add if we go down some more. It still hasn't shown it's ready to uptrend yet = no higher high. Avg price at 1.2775 on EUR/USD.
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Nice gains!! Good to hear from you. What is your reasoning to be long and on what time frame?
 
Quote from Buy1Sell2:

Nice gains!! Good to hear from you. What is your reasoning to be long and on what time frame?
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My own view off the hourlies is we haven't bottomed yet and on the tick chart we haven't made a higher high yet so if I get a chance, I'll take off half with a scalp, in case I need to rebuy at same/lower spot due to downtrend resuming. These downtrends often stall out at about noon, and the fact that we have a slow uprising double bottom is heartening, at least in the short term - not convinced that it isn't going to get stuffed in congestion. I'm often early and may get toasted a bit but am willing/able to add on several levels going lower as I'm often quick enough to scalp some profits and reduce exposure before the adverse move. Looking to take off half at about the 1.2785 level (about 1.2795 on Futs).

Good trading - you had it right on the direction from what I saw from your posts!
 
Took half. If it keeps pushing up, will take the rest and might even reverse into it with small size. If it fails here and retests low might reload again around 1.2775 cash.

Got beige book news right now.
 
Quote from patrick_newB:

Took half. If it keeps pushing up, will take the rest and might even reverse into it with small size. If it fails here and retests low might reload again around 1.2775 cash.

Got beige book news right now.
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Never being one to look a gift horse in the mouth, took my money and ran.

Good trading to you.
 
Quote from Buy1Sell2:

I've gotta stay in this long for now. The 5 min RSI just won't give up!
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Hope you held through the news and got paid off. I reversed and went net short (small) on surge through IH, but am now looking to get out at breakeven or on a dip, might have to caugh it up at higher levels if it keeps running. Am about 11 pips under water ATM. Prev trade banked 1x10 + 1x20 pips.
 
Nice trading....

Of course the Pound hit the 8817 target I mentioned but I just had to take the money out at 8845 but no complaints.

I should have taken that Euro short at 1.2807 at around 7:30 AM this morning but hesitated and it dipped to 2785 or so.

Also called the Yen short at 8601 but also paused and watched that go to 8585.

So feeling good about the calls, feeling so so about not trading all of them but of course they all could have been losers so no complaints at all from me!

Well good calls today from all parties(patting self and Buy on back) and some nice profits...

EDIT: Sorry, wanted to share in the good trades today made by all :D
 
Quote from patrick_newB:

Hope you held through the news and got paid off. I reversed and went net short (small) on surge through IH, but am now looking to get out at breakeven or on a dip, might have to caugh it up at higher levels if it keeps running. Am about 11 pips under water ATM. Prev trade banked 1x10 + 1x20 pips.
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Believe it or not, I am still long. I'll post a chart later to show why.:)
 
Quote from Buy1Sell2:

At the moment, I just can't get short. Maybe in a little bit, but not now.
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I have my limit order in to take profits on both Euro FX positions at 1.28760.
Reminder from earlier today, I had an order to buy on a stop at 1.28240 and that was filled.
 
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