Today March 7 2007 US Session: (Live EUR/US Futures) 15:30 GMT +1 Trade 3 1. 15:30 GMT+1 (131.42). Price above 36 SMA? (yes) Long (Yes) 2. Next news: 16:30 Crude Oil Inventories 3. M2 BB hit? (yes) M2 RSI oversold? (no) Daily pivot hit? (R1 131.42 otherwise M10 36SMA ) (yes) Status: Waiting for extra confirmation "oversold" because the proximity to news jjrvat
Today March 7 2007 US Session: (Live EUR/US Futures) 15:51 GMT +1 Trade 3 1. 15:51 GMT+1 (131.42). Price above 36 SMA? (yes) Long (Yes) 2. Next news: 16:30 Crude Oil Inventories 3. M2 BB hit? (yes) M2 RSI oversold? (no) Daily pivot hit? (R1 131.42 otherwise M10 36SMA ) (yes) Status: Waiting the next 10 mins for extra confirmation "oversold" otherwise cancel trade jjrvat
Today March 7 2007 US Session: (Live EUR/US Futures) 16:00 GMT +1 Trade 3 CANCELLED Reasons: 1 hour in 8 point channel around pivot 131.42. Too long 2. Never reach oversold RSI, neither move up enough to discard the trade. Random comments: 1. Could have gone for two 5 pips trades 15:04 and 15:48 (all confirmation ok except RSI that was really close to oversold). With 7 pip profits already taken today I should have taken the risk ... Or maybe not .... jjrvat
Today March 7 2007 US Session: (Live EUR/US Futures) 16:11 GMT +1 Random comments: 1. With one winner, one losser and one half failed and half didnt pull the trigger on time, I will wait for a clear entry in the next hour or so otherwise call the day. jjrvat
Today March 7 2007 US Session: (Live EUR/US Futures) 16:42 GMT +1 1. Crude Oil Inventories (-4.8M). To be honest I dont know how to evaluate the short term impact of this negative news on the eur/usd pair. 2. But Seeing all charts, it seems that usd/eur is overbought in every one of those M240, M60, M30, M15, M10, M5, M2, M1 and the next pivot point comes at 131.65, plus a M10 MACD divergence is forming. 3. I am not sure in the short term to go long. Status: step aside
Today March 7 2007 US Session: (Live EUR/US Futures) 18:25 GMT +1 (131.52) 1. Nice triple M10 MACD divergence forming but US aproaching to choppy hours. 2. I step aside for 2 hours and I missed a perfect entry point to go long again 17:00... i guess i was scare of the overbought signals in all periods. Status: About to close but i´m going to give it a try to see what happen with the M10 MACD divergence jjrvat
Today March 7 2007 US Session: (Live EUR/US Futures) 18:41 GMT +1 UPDATE !!! Trade 3 1. 18:41 GMT+1 (131.61). Price above 36 SMA? (yes) Short** macd DIVERGENCE (Yes) 3. M2 BB hit? (yes) M2 RSI overBOUGHT? (yes) Daily pivot hit? (yes) Status: short 131.61 jjrvat
Today March 7 2007 US Session: (Live EUR/US Futures) 18:50 GMT +1 UPDATE !!! 131.55 Trade 3 Because this is a macd divergence I am going to use the WMA exit. Whatever come first 8 point or the cross back jjrvat
Today March 7 2007 US Session: (Live EUR/US Futures) 18:57 GMT +1 UPDATE !!! Trade 3 1. 18:41 GMT+1 (131.61). Price above 36 SMA? (yes) Short** macd DIVERGENCE (Yes) 3. M2 BB hit? (yes) M2 RSI overBOUGHT? (yes) Daily pivot hit? (yes) Status: YESSS exit at 131.53 (18:56) Reason: hit 8 pips jjrvat