I have been trading FX for a few years now. I'd like to start a journal, mostly for feedback hoping there are more professionals here then at some other forums that trade more then FX. I don't know how I will do with this, but we'll give it a shot. I'll try to get a few trades a week in.
So I try and trade swings and the occasional intraday punt. I am not a pro trader, and I am trying to improve. I'd like to eventually get into FX exotic options and equities when/If I get the bread. I'll discuss my trades as they setup up. I'll have an entry and stop and somewhat of a target but that's the most discretionary aspect. Identifying a good opportunity and managing risk is the main priority.
Mixed crap on ECB and Draghi. Just heard this: BBG *CHINA PREPARED TO SPEND 100B YUAN TO SUPPORT STOCKS: STANDARD ?? That seems risk positive. Looking forward to China data this week...
going into europe, I am seeing some negative articals from the Tele and FT on eurozone breakup... sentiment may turn a bit sour, looks like the fade was a good play, we'll see. us futures ticking down a bit now.
most likely going for 0600+ on AUD/USD aussie again tonight. will also be watching CHF/JPY later. EUR/USD showing signs of some selling up here. Any rally should be met with SNB selling EUR/USD on diversification.
Agreed. I think this may be the most important data of the week? China markets performed quite well last night, all of asia actually.
I am hearing that the market is still pricing in more easing in 2012? They must mean Aussie bond markets. Risk is for a less dovish statement, as expectations are strong for no change on recent upbeat comments from RBA Stevens. That should take 0600, but I would expect some serious profit taking above 0620 or so. People looking to fade a freight train maybe 0636/66.