Fx futures Journal

[romik]

Quote from Buy1Sell2:

To be honest, we've got a classic Type A Bullish divergence with the MACD and RSI on the hourly chart. Euro FX.

is it possible to see the chart, I would like to compare to EUR/USD, thanks

 

[Buy1Sell2]

Quote from romik:

is it possible to see the chart, I would like to compare to EUR/USD, thanks

 

[romik]

thanks, very similar, btw long grail on 240 now also, first after decline, but daily still ???

 

[Buy1Sell2]

Quote from romik:

thanks, very similar, btw long grail on 240 now also, first after decline, but daily still ???

Daily still up

 

[romik]

Quote from Buy1Sell2:

Daily still up

To me it looks bearish, what do you see there that is "up"? thanks

 

[Buy1Sell2]

Quote from romik:

To me it looks bearish, what do you see there that is "up"? thanks

I like to see a reaction low below the 20 MA before that includes a strong bounce before a reversal can be an all out reversal. not always of course. Also 20 MA is still up. Most TA traders are simple MA traders and will notice this as well and at some point will try to drive the price back up. I just need to be prepared to take shorts now when they come as well. Now we did have what I would classify as minor reaction low on 12/11/06, but it was above the 20 MA and as such was not very significant--. (Monthly Euro up as well).

 

[Optionpro007]

Romik, could you post a 240min JPY chart for me pls ? With the macd and RSI.

Thanks !!

 

[Buy1Sell2]

Looks to me like we might be in for a good sized rally if we can poke our head up above that 1.31730 level basis March.

 

[romik]

Quote from optionpro007:

Romik, could you post a 240min JPY chart for me pls ? With the macd and RSI.

Thanks !!

I only have access to cash FX

 

[Optionpro007]

Thank you romik. I didn't see what I had expected.

Could you post a 120 min?

Thanks again.

Quote from romik:

I only have access to cash FX