Fx futures Journal

great. do you have a target in mind ?

 

Target in general is 60 pips, but no, I will trail the stop.

 

Stopped into another Yen long at .8515.

 

Looking good. I am onboard too. =)

Could you tell us your technical reason/perspective for entering this trade ?

Thanks.

 

Daily bottoming for quite a while with the hourly chart BB narrowing and bullish divergence coupled with repeated long grails overnight and this morning. In addition, there was a large long grail on the daily chart some time ago that preceded this recent consolidation period. That started me to thinking about likely continuation upwards. The trade is in it's infancy. There is no way right now to tell if it will be a winner or not.

 

Now comes the only hard part of trading-- The sweating of the pullbacks. They are inevitable, you just have to sweat them to have big winners.

 

Let's see how this trade goes. Good luck !

 

Ref Euro. This one seems to also be working well.

Could you tell us your reasoning behind this trade ? Was it the 2day divergence ?

Thanks.

 

Getting my feet wet in FX taken a short on EUR/USD 1.2870 (spreadbet) based on a BRD on 10 min chart, stop 1.2880