Fx futures Journal
- Thread starter Buy1Sell2
- Start date
Of course Pound ran to 8774 after I closed my long lol...
so far.... right calls... pull out permaturely LOL
so far.... right calls... pull out permaturely LOL
Quote from optioncoach:
Well I got in at 8746 and then added more at MA support at 8739 and sold off in 2 pieces at 8750 and 8743 for a small scalp.
Pound did not surge after the breakout so I decided to just take the scalp and get out of the way
Well the better choice is to shake out the index future daytrader metality when I am trading Fx futures. I need to set my stop up a little wide (i.e. in the Pound trade I picked below the swing low and chart pattern low (8633) and it never hit it. This way I set a predetermined loss I will take and let the position run.
For every trade I get stopped out of 10 or 20 pips, I will have 2 or 3 that will have the 50 - 70 pip profits I was missing out on lol...
Then of course as it moves use the trailing stop all the way up. I just need to push down the scalp desire in FX futures that I use in indexes
For every trade I get stopped out of 10 or 20 pips, I will have 2 or 3 that will have the 50 - 70 pip profits I was missing out on lol...
Then of course as it moves use the trailing stop all the way up. I just need to push down the scalp desire in FX futures that I use in indexes
Quote from optioncoach:
Well the better choice is to shake out the index future daytrader metality when I am trading Fx futures. I need to set my stop up a little wide (i.e. in the Pound trade I picked below the swing low and chart pattern low (8633) and it never hit it. This way I set a predetermined loss I will take and let the position run.
For every trade I get stopped out of 10 or 20 pips, I will have 2 or 3 that will have the 50 - 70 pip profits I was missing out on lol...
Then of course as it moves use the trailing stop all the way up. I just need to push down the scalp desire in FX futures that I use in indexes
I agree with you. This was the main reason that I went back to position trading only in the ES. The signals and trendiness intraday are much much better and reliable in fx futures. They have been my trade of choice for a long time now. I like them both intraday and positionally.
There are certain hours of the day where some currencies are more active. from what I witness, the Pound and Euro get active after 3:00 AM when London market opens and picks up again at 7:30 AM or so when US market kicks in. Yen may be more active late at night when Tokyo opens.