Today March 7 2007 US Session: (Live EUR/US Futures) 19:07 GMT +1 End Trade 3 Overview 1. Entry 18:41 GMT+1 (131.61). Price above 36 SMA? (yes) Short** macd DIVERGENCE (Yes) M2 BB hit? (yes) M2 RSI overBOUGHT? (yes) Daily pivot hit? (yes) 2. Exit 18:56 (131.53) Reasaon: Hit 8 pips target 3. Random Comments If I used the WMA exit I will still on the trade 132.47 (14 pips) .... dont get greedy !!! .... Happy ending of the day... jjrvat
Today March 7 2007 US Session: (Live EUR/US Futures) 19:13 Gmt + 1 Trading day 3 summary Daily evaluation: good day. 3 trades and 1 missed. Rating: Good Trades: 3 Winners 2 (16 pips) losers 1 (1 pip) Missed trades: 1 Profit: 15 pips Direction Forecast for long or shorts: 7/10 9:30 â 10:30 Shorts. OK 10:40 - 14:15 Shorts. Wrong, that was the reason for the lost trade 14:30 - 18:00 Longs. OK 18:30 - ... MACD divergence short. ok Entries: 7/10. The 3 entries were good but missed 2 opportunities to get in the first afternoon (Europe time) trade. Exit: 9/10. Both winners exits were good but the looser exit was almost perfect only lost 1 pip after moving the stop 2 times.
Today March 7 2007 US Session. 20:00 Gmt +1 Final comments of the day. 1. Tomorrow is a big day for the Euro. The ECB is expected to announce an increase of the interest rate. 2. After seeing the last hour (price is reaching 131.75) I wonder if the big players are positioning for a massive sell of ...but i dont want to be bias.... 3. It´s going to be a very difficult day tomorrow ... we´ll see jjrvat
Today March 8 2007 European Session: (Live EUR/US Futures) 9:18 GMT +1 Trade 1 1. 9:20 AM (131.69). Price below 36 SMA? (yes) Short (yes) 2. 8:45am EUR French Central Government Balance (-5.5B) Next: 12:00pm EUR German Industrial Production m/m 3. M2 BB hit? (no) M2 RSI overbought? (no) Daily pivot hit? (no). Status: Waiting for confirmations to short jjrvat
Today March 8 2007 European Session: (Live EUR/US Futures) 9:25 GMT +1 Trade 1 Random comments 131.75 looks like a nice entry (daily pivot) but i'm going to wait for confirmations jjrvat
Today March 8 2007 European Session: (Live EUR/US Futures) 9:35 GMT +1 Random Comments 1. Missed Trade 1 ... 15 (pips) and going down .... Status: waiting for setup to go short
Today March 8 2007 European Session: (Live EUR/US Futures) 9:50 GMT +1 (Price 131.57) Daily Pivot points comments: 1. Price hit S1 at 131.52 and sttopped the fall (20 points in 15 mins) 2. Next resistances for possible entries: 131.63 and the major 131.73 .... jjrvat
Today March 8 2007 European Session: (Live EUR/US Futures) 10:00 GMT +1 Bollinger Band dilemma: 1. I think i need to adapt my system for this morning trading ... the distance from the price to the M2 BB is more than 23 points ... I will never go short if a wait for all confirmations. 2. Thats the problem i usually have when there is a fast moving trend I didn't catch it from the beginnig.... 3. The problem of not using the BB as a confirmation is that I only depend on pivot points for resistance and support levels which sometimes affect my entry points because of whipsaws that hit my 6 pips stop loss .... jjrvat
Today March 8 2007 European Session: (Live EUR/US Futures) 10:18 GMT +1 Trade 1 1. 10:18 AM (131.58). Price below 36 SMA? (yes) Short (yes) 2. Next: 12:00pm EUR German Industrial Production m/m 3. M2 BB hit? (no*) M2 RSI overbought? (no) Daily pivot hit? (131.63) (no). Status: Waiting for confirmations to short jjrvat