Fx futures Journal

Short March Yen Future here at .85470. Buy stop .85750.

 

Just thought you might want to have a look at the weekly chart of EUR/AUD, which also features consecutive short grails. What do you think?

http://www.elitetrader.com/vb/attachment.php?s=&postid=1300660

 

UP????? Maybe.

 

Looking at that chart, it just seems to be coiling. I don't like it for long or short right now, but if I had to hazard a guess, I would say long.

 

OK, thanks. I personally think it to be a sell, with a common headfake.

 

Long here March Euro FX 1.32410 Sell Stop at 1.32090

 

I didn't post in real time so I will accept the stop loss for he purpose of this journal. --(That isn't what happened--I got out at .8545, but the rules are real time posting).

 

Stopped out. for 32 pip loss. I will look to initiate another long position with increased size at 1.32370 on a buy stop.

 

I am not in any currencies on a positional basis except the Euro FX right now. Again I wil look for a breach of the Monday 12/18 low as a getting out /reversing point.

 

No intraday currency future trades on right now. Buy stop for reentry long in Euro FX futures remains at 1.32370