Fx futures Journal

60 minute chart has the bull to it as well although it is a bit more tentative in that it has attempted to break the reaction high , but was not able to do so yet. It's good enough to stay long though for now I think. If the daily wasn't bullish, I may have a different opinion.
 

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Attached is the daily euro fx chart. It would be nice if the bar that ends today at the close would have the closing equal or higher than the opening. We're not quite there, but there is time left. I would really like that. Patience --and I have a lot of it. :)
 

Attachments

Quote from Buy1Sell2:

Attached is the daily euro fx chart. It would be nice if the bar that ends today at the close would have the closing equal or higher than the opening. We're not quite there, but there is time left. I would really like that. Patience --and I have a lot of it. :)
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I am with you but think it not be necessary to close above the opening since we had a turnaround today where no additional selling materialized on the down side. All that means is that we might have another test of todays lows. If so, what a great buying opportunity.

BTW, same in the BP, looks like enough testing has been done and ready to go.

JP has experienced too much outpouring of supply which might now have come to an end at the major support zone. This needs to be tested, however.
 
Looking good so far today--

Quote from Buy1Sell2:

The following is a list of my current long March euro fx positions

130.610
131.380
131.280
131.440
131.650

Average price is 131.272. Current price is 131.410


I was a little disconcerted this morning when I woke up to see we had sold off. However, we had not breached reaction lows on the daily and the 20 MA is still upwards. Any thoughts I had of getting out right now were thrown out when I saw the following chart pattern. If I am wrong, I will get out with a small loss relative to portfolio size as usual. This is m position though now.
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Quote from Buy1Sell2:

added to long Euro FX position at 1.31790

Basis March 07
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Well--a decent start to this addition --. However, this long Euro FX position has just been sort of teasing me so far. I would really like to break through to the upside in the next day or two to give some breathing room.
 
Current average long price in March 7 Euro FX is 1.31358

Current price is 1.31970.


I never count the money til the trade is closed--I might give it all back and right now that is extremely possible with the trade in it's infancy. :)
 
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