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Short Term Trading Thoughts on Currency Futures

by Down River Trader

Thought I would move my thoughts here to a journal to help stimulate some on-going discussion on currency futures.


Like a River, always flowing, seeking equilibrium and realizing there is a vast ocean awaiting.
 

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Nice write-up. I will follow it closely.

Tonight might be a good time to go long and get a few points in a short term bounce.

Regards,
Steve
 
Sunday Night Open 2-12

If price pushes down thru 1.1917, a good long entry may be around 1.1907. If you want to be less aggressive, wait for the push down and enter long once price moves back up thru 1.1917 area. An entry around 1.1907/1909 is my plan, but I need to see what is happening early in the evening.

Then again, we may head south out of the gate and not look back so use prudent stops.

Good Trading this week.

DRT
 
I am short jpy at .8528. SO far I have about 19 pips profit. I think we are headed was down.


Yen needs to sell off after that weak rally friday.

I have a stop in case it goes against me, but I do not think it will.
 
Good call on this one. I was stopped out while I slept on this one.

Quote from spersky:

I am short jpy at .8528. SO far I have about 19 pips profit. I think we are headed was down.


Yen needs to sell off after that weak rally friday.

I have a stop in case it goes against me, but I do not think it will.
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