Fx futures Journal

Decent rally going on this evening. I will not sell yet.

 

Romik, this is why the Euro futures would be that much better for you than overnight ES. Much more chance to make a profit. Tip-- 15 minute chart is best for an intraday guy like you in the Euro futures.

 

thanks B1, I am still just reading about FX at the mo, though I'll check it out.

 

I've entered a bold play here this morning in Euro FX. I've shorted at 1.2727 right into the teeth of the daily chart's Bullish divergence

 

Covered at 1.2739 --loss of 12 pips. Daily chart has quite a bit of strength just now and my intraday play didn't work.

 

Reshorted the Euro Fx at 1.2709---2 units. Using the RSI double top on the 240 minte chart here as entry.

 

So far--So good

 

exited 1.2660 -- 98 pip gain

 

We may see a push higher, but the weekly euro fx chart is showing increasing signs of weakness.

 

Same here with the Canadian dollar. All the currencies that I watch except for the Aussie are showing increasing weekly chart weakness. I will be playing from the short side on shorter time frames for a while and will be taking profits on bullish signals.