Fx futures Journal

Here we go again. However, I am very patient.

 

A lot of Euro bulls are timid right now after Friday's volatility. I need this move off the lows today to hold so that they can gain confidence and help lift the market again. I can't lift it on my own--I need their help.

 

I guess I should amend this to 1.33270 and also use the term significantly. hehe.

 

Exited intraday Yen at .86510. Loss of 44 pips. I can reenter later if I want. Still long on the positional Yen trade.

 

Exited all intrday euro FX at 1.32900. Loss of 51 pips. Positional long Euro FX trade still on.

 

Long JPY on the 60 min. Stop below today's low.

FOMC announcement at 2.15pm.

 

I have decided to wait until the Yen future shows more strength on monthly and weekly before I get long on the Yen again. (Other than perhaps hourly chart back and forth swings for 20 and 30 pips). I will of course also get long on a daily long grail or divergence, but will not hold it to eternity until the weekly/monthly indicate to do so.

 

Wow, what a day to short the Euro and Pound after the breakout.... this is why I love Fx futures, once they breakout strongly from sideways moves like at 8:30 AM, they usually keep moving in that direction. Even if you are late to the move.

 

Long Euro FX here at 1.32780 sell order at 1.33080

 

hmm I am tempted to take the other side of that trade as the Euro is hitting moving average resistance at 1.3277.