Thanks for the feedback B1S2! I know you mentioned this at some point in ES Journal, but can you reiterate the 3 time frames you are using for your position trading across the commodities - is it Monthly / Weekly / Daily, with entry signals generated on the daily time frame?
I would put the 60 minute yen and spooz charts side by side, Yen trade could be used as a hedge when spooz rallies. I expect yen to fall back, to 117.60 usd.jpy on spot.
It's very possible that I pulled the plug too early on the Euro FX based upon the weekly continuation chart here.---- I thought it best to sell and then look for a new long entry, but of course the pullback was extremely short lived--at least for now it is. So far I have been wrong with regard to that decision (and the Swiss Franc) . I am looking only long on the daily chart at the moment.
As you can see from this Yen Weekly chart, I am somewhat late to the party here due to commitments in other markets and with relation to TLNW. I am long here though based upon what I perceive as an opportunity for long term upside.
Looking at exiting the long Dec Cotton today. I will watch price for a bit and see. If we get strong action today, I may hold for a bit longer.
Decided to go ahead and close it out here at .6411. I will update banked trades later. I will look to get back in long in the future.
Well so far, my decisions to get out of the currencies and the cotton have proved to be wrong as they continue upwards. I still banked 406 ticks on the Cotton, so I guess that's the good part. Another good thing for now is that Sugar is looking up today. I will hold Sugar long here. No adding to it as I am alreadey at full position in Sugar.
Update on Banked Journal Trades: ES +41.5 points ---4 trades 3 winners NQ +144.75 points---1 trade 1 winner Sugar +37 ticks---1 trade 1 winner Aussie Dollar Futures +184 pips 2 trades/ 2 winners British Pound Futures +236 pips 1 trade 1 winner Euro FX Futures +387 pips 3 trades 2 winners Heating Oil + 460 ticks 2 trades/1 winner Swiss Franc +44 pips 2 trades/1 winner Canadian Dollar Futures +483 pips 2 trades/1 winner Japanese Yen Futures +96 pips 1 trade/1 winner Cotton Futures +406 ticks 1 trade/1winner Current winning percentage 15/20 75.00% with 24 round turn commissions Update on currently held positions: Long Dec Yen from .88050 (current price .87940) Long March Sugar from .0998 (current price .1048)