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IB Trading Currency Futures
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Created: by Massive l Attachments:13

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IB Trading Currency Futures

  #31 (permalink)
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Taking 1 lot off the table here at 835 (+30 ticks)

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  #32 (permalink)
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I suppose I should've flipped the 3 lots for +90 ticks on the day. Stopped out -20 ticks. +10 ticks total.

Risked 20 to get 10. I did not manage that well.

The difference between $900 and $100 was not cashing out at my target.

I even said if I see strength at around 834 I would go long. I didn't. Oh well. I'm still swimming.

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  #33 (permalink)
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/TF

I don't like any prices for long positions above 835.
840-843 looks advantageous for short positions.

I'm still expecting range trading during this rotation.
I would like to see more distribution instead of the
absorption we saw this afternoon.

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  #34 (permalink)
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Massive l View Post
/TF

I don't like any prices for long positions above 835.
840-843 looks advantageous for short positions.

I'm still expecting range trading during this rotation.
I would like to see more distribution instead of the
absorption we saw this afternoon.

Nice bounce off 835 for a long position.
Advantageous short range was extended from 843 to 845 during the Sydney/Tokyo session.
However, if you did short it in the 843 area last night then you only experienced a 2 point draw down
and an 8 point move to the downside (1:4)

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  #35 (permalink)
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In regards to TF

Originally Posted by IchibomB
This could be a reaccumulation phase. There was absorption yesterday and so far today.
I'm looking for signs of hidden selling in this but so far I'm pretty surprised at what I see.


Originally Posted by IchibomB

Looking for some overnight shorts here in /TF at 850.
We'll see if I get the signal.
I like long positions at 843 and 840.

My trading style is mostly trend reversal and trend continuation.


2 healthy days of absorption and pop. missed my long position by 1.5 points overnight

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  #36 (permalink)
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TF short numbers for me (confirmed with weakness displayed in Price and Volume first)
860
858

TF long numbers for me (confirmed with strength displayed in Price and Volume first)
855
848.5

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  #37 (permalink)
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Massive l View Post
TF short numbers for me (confirmed with weakness displayed in Price and Volume first)
860
858

TF long numbers for me (confirmed with strength displayed in Price and Volume first)
855
848.5

858 short hit last night at at 11:20p PDT
Draw down - 8 ticks(3) - 24 ticks
Profit Target hit at 855. All in all out 3 cars +90 Ticks
1 : 3.75 R:R

860 short hit this morning
Draw down - 0 Ticks!!!
Profit Target hit at 848. All in all out 3 cars +360 ticks!

I'm not going to lie, this feels awesome.

EDIT - Too be fair, it's actually 30 ticks on the first one and 120 ticks on the second one.
150 Ticks total with 3 lots


Last edited by Massive l; July 8th, 2011 at 03:44 PM.
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  #38 (permalink)
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I've been trading /TF but decided to do some analysis for /ES.

If I were to trade /ES I would be looking at 1295 and 1302 for longs and 1326 (maybe 1323) and 1330 for shorts.

I would like to see price drift lower over night for an advantageous long position with a target at
balance (1314) and another possible target of 1323.

Another scenario is if price goes up overnight, I would look for advantageous shorts at 1314 or 1318.

Last scenario I'm looking at is price falling overnight and then continuing to fall during the New York session
in which case I would be looking for a breach of 1300 for entry and a target of 1290.

Looking at the daily chart, we had a bearish effort to fall on Monday. We had some short stopping action on Tuesday and
then some long stopping action on Wednesday. Then today we had some rotation back and forth over balance.
During the /ES Friday open for Tokyo/Sydney I noticed some minor stopping action at 4pm PDT (1hr chart) which
is usually absorption. Now of course volume is very low and price is hanging out until the London Open.

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  #39 (permalink)
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^Posted at 6:49pm PDT yesterday.
MONEY....Prices drifted lower overnight down to 1302 for the long position with a first target of 1314.
Gotta love the London Session! Now we're seeing quite the rejection off the balance area (1314) for the New York session.

I was hoping to get this in the index section...

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