The View Down River

Discussion in 'Journals' started by downrivertrader, Feb 12, 2006.

  1. JangoFolly

    JangoFolly

    DRT,

    Is the the default for your price references the spot market or the H6 contract (I notice sometimes you make a note and other times not)?

    I'm enjoying your journal. Thank you.


    Regards,
     
    #241     Feb 27, 2006
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  2. downrivertrader

    downrivertrader

    I trade Euro FX Futures. Sometimes I will refernce spot prices as an entry point. What I am saying is key you entry/exit off of spot price action in some cases.

     
    #242     Feb 27, 2006
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  3. downrivertrader

    downrivertrader

    I think the 1.1837 level is also a good entry. ECH06

     
    #243     Feb 27, 2006
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  4. lorenzo-vi-

    lorenzo-vi-

    waiting for this level as well. unfortunately i'll have to leave in 30min so i'm not sure that i'll put that long order anyway.
    ciao;)
     
    #244     Feb 27, 2006
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  5. lorenzo-vi-

    lorenzo-vi-

    just put 2 buy orders @1828 and @1804. both with a stop @1791.
    i've to leave home in ten minutes, see you later ...
    ciao;)
     
    #245     Feb 27, 2006
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  6. downrivertrader

    downrivertrader

    Be careful with your longs. Spot (EURUSD) needs to clear the 1.1864 hurdle. Ideally it would push to 1.1872 then retreat back to 1.1864 and move up.

    I did not get filled down below. Still watching.

    DRT
     
    #246     Feb 27, 2006
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  7. HooLee

    HooLee

    Thanks for the charts lorenzo-vi-, and nice call on Sunday night spike down too. I was stopped out with small loss, but was able to scalp back plus some more, and am currently flat.

    Another good use of the lagging tools, imho, is through divergence setup. I like it when market is ranging, but have to watch out for early stage of a trend and creepers. So what matter most is to learn the tools and become good at them.

    Good trading.


     
    #247     Feb 27, 2006
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  8. lorenzo-vi-

    lorenzo-vi-


    good trading also to you, HooLee:)
    i've pull out the buy order @1828 and i've put a sell order @1894. there is still a buy order @1804.
    i think these orders will be quite useless and we'll have to wait until tomorrow morning to see some major move (above 1875 or below 1827) as the first bunch of data will be released.
    it seems to need some new idea to take a direction, until then would be useful to buy on support and sell on resistance as it was throughout the last week.
    ciao;)
    ps: my stops on these trades will eventually be very very tight ... around 10-15pips.
     
    #248     Feb 27, 2006
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  9. lorenzo-vi-

    lorenzo-vi-

    i find today movement very difficult to understand, so if anyone can make it clearer with some number (supp/res) please don't hesitate ... just do it! :)
    ciao;)
     
    #249     Feb 27, 2006
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  10. downrivertrader

    downrivertrader

    Volume was alomost non-existent today on the CME. Just a little of 70,000 contracts as of 4:30. Tough day.
     
    #250     Feb 27, 2006
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