The View Down River

Quote from downrivertrader:

If I can get a fill around 1.844-1.1847 I am going to go long
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DRT,

Is the the default for your price references the spot market or the H6 contract (I notice sometimes you make a note and other times not)?

I'm enjoying your journal. Thank you.


Regards,
 
I trade Euro FX Futures. Sometimes I will refernce spot prices as an entry point. What I am saying is key you entry/exit off of spot price action in some cases.

Quote from JangoFolly:

DRT,

Is the the default for your price references the spot market or the H6 contract (I notice sometimes you make a note and other times not)?

I'm enjoying your journal. Thank you.


Regards,
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Quote from downrivertrader:

I think the 1.1837 level is also a good entry. ECH06
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waiting for this level as well. unfortunately i'll have to leave in 30min so i'm not sure that i'll put that long order anyway.
ciao;)
 
Be careful with your longs. Spot (EURUSD) needs to clear the 1.1864 hurdle. Ideally it would push to 1.1872 then retreat back to 1.1864 and move up.

I did not get filled down below. Still watching.

DRT
 
Thanks for the charts lorenzo-vi-, and nice call on Sunday night spike down too. I was stopped out with small loss, but was able to scalp back plus some more, and am currently flat.

Another good use of the lagging tools, imho, is through divergence setup. I like it when market is ranging, but have to watch out for early stage of a trend and creepers. So what matter most is to learn the tools and become good at them.

Good trading.


Quote from lorenzo-vi-:

i've attached two simple charts, weekly and daily.
on the daily you can see the trend line, as long as it will resist we'll have a buy opportunity. the fact that in these days we are so close is a bull sign IMO. what i would say regards of an eventual breaking of this trend line, is that it would lead to an increasing downside momentum. i can't avoid to take this scenario under consideration because the indicators are all on the sell side. you're right when you say these are lagging tools, but i want to assure you that i use them as an indication of the trend's might, not as entry or exit point indicators. they are saying the trend is down so i'll be more cautious on taking the buy side than the sell side. when it'll go above 1.20 there will be another story.
on the weekly chart i can't see any good sign except for the last candle hi lows/hi highs, this is on bulls favour but for the rest ... macd below zero and stochastic on sell side suggests that more downside would be need.
however, i'm waiting for the opening to wacht out to the first movements.
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Quote from lorenzo-vi-:

just put 2 buy orders @1828 and @1804. both with a stop @1791.
i've to leave home in ten minutes, see you later ...
ciao;)
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good trading also to you, HooLee:)
i've pull out the buy order @1828 and i've put a sell order @1894. there is still a buy order @1804.
i think these orders will be quite useless and we'll have to wait until tomorrow morning to see some major move (above 1875 or below 1827) as the first bunch of data will be released.
it seems to need some new idea to take a direction, until then would be useful to buy on support and sell on resistance as it was throughout the last week.
ciao;)
ps: my stops on these trades will eventually be very very tight ... around 10-15pips.
 
i find today movement very difficult to understand, so if anyone can make it clearer with some number (supp/res) please don't hesitate ... just do it! :)
ciao;)
 
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