Here is a list of how I view the long term trends of these markets. I will be looking for entries only in these directions. No positions are open right now in any market. (Currencies are all paired with USD) 10 yr notes--UP ES--UP NQ--UP Euro FX--UP Pound--UP Swiss Franc--UP Canadian Dollar--UP Aussie Dollar--UP New Zealand Dollar--UP Japanese Yen--UP Sugar--DOWN Cotton-UP Coffee--UP OJ--Down Cocoa--UP Nat Gas--Down Crude Oil--UP Heating Oil--UP Rbob Gas--DOWN Soybeans --UP Corn--Down Wheat--UP Oats--DOWN Live Cattle--UP Lean Hogs--UP Gold--UP Silver--UP
Haven't traded for overnight trade for a while, but I have put on a couple of positions today. Short Euro FX from 1.36380 Short Sep Aussie Dollar Future from .84110
Short term trends on all currency futures that I trade are down with the exception of the Yen. I am buying Sep Yen Futures here at .84970.
Short Canadian Dollar Future at .94800. These currency trades are hopefully going to be longer term. That is the intention anyway.
Both llokiong very good at the moment Euro FX is at 1.34420 Aussie is at .78850 Canadian short is at .93650
Covered Canadian and went long at .9502 Covered Euro FX and went long at 1.36910 Covered Aussie Short at .82740--no position on right now. I made these trades several days ago at better prices, but since I did not post in real time, I need to take the prices from today to keep the integrity intact in this journal. I went long the Sep Swiss Franc today near the close at .83320 Still long the Sep Yen. I am currently long Euro FX, Canadian, Yen and Swiss Franc. I hold not other positions in any markets. --will update journal for winning percentage and amount soon.
Re - Long Euro FX I keep asking everybody about histogram divergence on the weekly chart, even though you trade trend now, don't you think that you might be coming in a bit late to the party being long Euro when weekly chart seems to be quite extended (according to histogram)? I don't seem to get any support from others.
Without question , bearish divergence exists on the weekly chart. However, the question remains how strong is it? I am being cautious due to that divergence on the weekly, but overall trend remains upwards in my view right now.