Fx futures Journal

As a side note, I had taken the exact same trade, except that in my view the 60 min is way over extended so instead of starting with my normal position I plan to add as it goes higher.

Quick question b1s2, does this trade have anything to do with Singapore's higher than expected GDP report today and tomorrow's Japanese GPD report announcement?

I know you are purely technical trader, but wouldn't news like this affect your decision making ?

I try to put both funnymentals and technicals together when I can, as in this case.

Just curious. Cheers !
 
Quote from romik:

Didn't buy the £?
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No. I have been long the euro FX from 1.2986 (although not posted here--so really can't take credit) and I wanted to keep from being overextended.
 
Quote from Buy1Sell2:

I believe now that the trend in the Yen is reversing. I'm long here at .8295 basis March.
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We finally broke through the Feb 6 high of .8383

That's a good sign. Trade is in it's infancy at the moment with 104 pips gain per contract currently.
 
Quote from Buy1Sell2:

We finally broke through the Feb 6 high of .8383

That's a good sign. Trade is in it's infancy at the moment with 104 pips gain per contract currently.
More...

Agreed, but perhaps a bit overextended on the intraday. 6J seems to have found a short-term high at the R3 pivot (.8405), which coincides with the 50-day SMA on the spot (.8375/119.4). I think it may be a safe 40-tick scalp here off the high.

Great chart here overall on the daily and 15-min. Trending very nicely as of late.
 

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