Fx futures Journal

Which short signal would you use in this case ?


Quote from Buy1Sell2:

You need to drop down to the 60 minute or the daily to give you a fresh short signal. If lowly leveraged , it may be ok to just sell but with the understanding that their may be a bit of pain initially. However, if underleveraged, he pain is minimal.
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Quote from optionpro007:

Which short signal would you use in this case ?
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typically speaking, it would either be a nice looking grail or a break of a support level as demonstrated on the chart via recent activity.
 
For example. I am trading Canadian both on the longer term charts and swing trading as well. I did not post this in real time since I have not been posting in this journal recently, but I shorted GCD yesterday at .8735 and I have my stop above .8743. There was a nice sell off pattern on the 8:20 EST bar yesterday and even though I may get stopped out, the loss would be small while I let the trade run.
 
I have missed several opportunities to short at a good entry level. At this time I am thinking it would be best for price to break 8700 and short on a pullback to this level. All else seems too risky at the moment.

Do you concur ?


Quote from Buy1Sell2:

For example. I am trading Canadian both on the longer term charts and swing trading as well. I did not post this in real time since I have not been posting in this journal recently, but I shorted GCD yesterday at .8735 and I have my stop above .8743. There was a nice sell off pattern on the 8:20 EST bar yesterday and even though I may get stopped out, the loss would be small while I let the trade run.
More...
 
Quote from optionpro007:

I have missed several opportunities to short at a good entry level. At this time I am thinking it would be best for price to break 8700 and short on a pullback to this level. All else seems too risky at the moment.

Do you concur ?
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Seems like sound thinking. I believe tha the weekly chart is negative and the daily chart is negative, so, you either get short or look on the 60 for fresh short signal. Like I said, if underleveraged, it may not matter.
 
"underleveraged" magic word.

Wish I wasn't under so much pressure to get my trading going. But at the same time I believe I am teaching myself to be most aggresive with the highest regards to safety possible.

:)

Quote from Buy1Sell2:

Seems like sound thinking. I believe tha the weekly chart is negative and the daily chart is negative, so, you either get short or look on the 60 for fresh short signal. Like I said, if underleveraged, it may not matter.
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I have been looking at this too. For some reason haven't been sold in the trade yet.

Don't know why precisely. Probably because I feel it will retest the mid-october lows ? The Nikkei has been acting terribly.

Quote from Buy1Sell2:

I am now long Yen Futures this morning at .8500 with my stop at .8481
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Quote from Buy1Sell2:

I will be buying the Yen futures on a stop today at .8515 and the Euro FX on a stop at 1.2380
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Stopped in to the long Euro FX. Sell stop is below the low of day which was 1.2815 (current reaction low).
 
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