Fx futures Journal

Stopped in and of course it hovers there for a while. If we should get this far, I will add at 1.32570 and then again at 1.33110 basis March euro fx. We're a little over blown on this right now and I could indeed have my head handed to me as well.

 

Hey, if people didn't have different perspectives about the markets we wouldn't have markets to trade.

 

no arguments there

 

I am long the Euro fx this morning at 1.31650
I will stop and reverse (increasing position) a 1.31420.

 

Stopped and reversed at 1.31420 Loss of 23 pips. I am now short at 1.31420 with larger size

 

Reduced my buy stop to 1.31260. Will reverse there and go back long at original size.

 

Stopped and reversed long at original size at 1.31260. 32 pips profit.

 

I will reverse and go short at 1.31020 with increased size.

 

Added a long here at 1.31390 on strength.

 

To be honest, we've got a classic Type A Bullish divergence with the MACD and RSI on the hourly chart. Euro FX.