Fx futures Journal

[Buy1Sell2]

Quote from Buy1Sell2:

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.

Sold my positions at 1.2820 for a total of 9 pip gain. The momentum upwards doesn't seem to be there and staying in would be a gamble right now.

 

[patrick_newB]

Quote from patrick_newB:

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.

Scalped around short, net result: -10 pips.

Do you roll to the new contract after the close on Friday?

 

[Buy1Sell2]

Quote from patrick_newB:

Scalped around short, net result: -10 pips.

Do you roll to the new contract after the close on Friday?

Next Wed or Thurs will be when the majority roll.

 

[Buy1Sell2]

Quote from Buy1Sell2:

Sold my positions at 1.2820 for a total of 9 pip gain. The momentum upwards doesn't seem to be there and staying in would be a gamble right now.

Well. I must pat myself on the back there a bit. The bottom has now fallen out and staying long would have indeed been a gamble. With the longs out of the way, the positional shorts that I am holding in both the Pound and the Euro are cleaning up!

 

[Buy1Sell2]

Short Canadian at .9038. Profit target .8988. 50 pips.

 

[vanquish]

Quote from Buy1Sell2:

Well. I must pat myself on the back there a bit. The bottom has now fallen out and staying long would have indeed been a gamble. With the longs out of the way, the positional shorts that I am holding in both the Pound and the Euro are cleaning up!

NIce trades, Do you not find that the euro and BP move in the same sirection most of the time, why would you just not double up the short in one as opposed to both mkts???

 

[El OchoCinco]

Great for you in holding the Pound short. I still have the daytrader mentality and jumped ship way to soon!

 

[Buy1Sell2]

Quote from vanquish:

NIce trades, Do you not find that the euro and BP move in the same sirection most of the time, why would you just not double up the short in one as opposed to both mkts???

I used to think that were highly correlated and yes they do move the same direction, but they move to different degrees. In fact the Pound can many times be used as an indicator for the Euro as it moves first. Notice how the Pound began to breakdown and have more volatility a couple of days before the Euro. Now , the Swiss Franc is a different story. It's a Euro Clone.

 

[Buy1Sell2]

Quote from optioncoach:

Great for you in holding the Pound short. I still have the daytrader mentality and jumped ship way to soon!

Thanks Coach!! I notice the Yen and the Canadian are having the most strength. I shorted the Canadian on that idea, that perhaps it would fall but I could still get a good price in it. That and the attached hourly chart.
We'll see!

 

[vanquish]

Quote from Buy1Sell2:

I used to think that were highly correlated and yes they do move the same direction, but they move to different degrees. In fact the Pound can many times be used as an indicator for the Euro as it moves first. Notice how the Pound began to breakdown and have more volatility a couple of days before the Euro. Now , the Swiss Franc is a different story. It's a Euro Clone.

Buy1Sell1

Thanks alot