I would say based upon tonight's action, that the mini is only to be used for position trading. While there is a 1 pip spread in the big contract, there is a 42 pip spread in the mini. Yes, I would say there is a difference.
Closed this short off the hourly chart at .89950 . If we get some confirm on the daily chart, I may re enter the short on a bounce.
Shorted the Euro FX earlier in the overnight session at 1.28500 and it has done nothing. My initial target is 1.27890.
The Yen futures are developing an intraday short, but it is not mature yet. Meanwhile, I missed the short in the Pound futures. I had decided to skip the intraday Pound short because I had already shorted the Euro FX intraday. (They duplicate quite a bit). My target on the minute chart for the Pound futures is 70 pips and I would have gotten that. Oh well.
I want to, but don't particularly like the 240 for a short. I would need a curtailed profit target if I was to short it. Hope it works well for you!
Well the past 15 minutes or so it keeps dipping towards 8650 and holding so not sure if it will break through lower or not... saw a breakout to the downside on the 5m chart and still holding...
I am going to stick with the intraday Euro FX short here based upon the 240 chart. Looks like there may be some heat from the 15 minute chart in the near term.
You 're fighting a strong 240( long grails at .8555 and .8585) and a medium strength long RSI grail on the daily. I'm pulling for you, but would hold a smaller profit target as a suggestion.