Nikko's journal, forex and european equities - futures io
futures io futures trading



Nikko's journal, forex and european equities


Discussion in Trading Journals

Updated by nikko
    1. trending_up 1,617 views
    2. thumb_up 0 thanks given
    3. group 2 followers
    1. forum 21 replies
    2. attach_file 7 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Nikko's journal, forex and european equities

(login for full post details)
  #1 (permalink)
paris/france
 
 
Posts: 23 since Feb 2014
Thanks: 0 given, 1 received

Hi

I trade mainly Aud/Usd, Eur/Usd and CAC (french stock market)

I try to make 1 or 2 short term trade (intraday) a day and some swing trades (few days, rarely week) when opportunity arise.

I look to place my short term trade mostly in the morning (europe time) or after the new york open volatily cooled down.

I trade aud and euro looking at the different correlated pairs and cac looking at dax and stoxx in the morning and spx in the afternoon.

My method is to identify potential inflexion zone, enter with minimum or without price confirmation for the short term trade and with it for the swing trades.

I apply an all in/scale out execution for intraday and for my swing trade I scale out and sometime add after this if the trade continues my way.

I'll try to post all my trade ideas and real trade here from the start of next week.

Reply With Quote

 
Best Threads (Most Thanked)
in the last 7 days on futures io
Is anyone actually making money?
184 thanks
Micro account vs Funded account (combine)
52 thanks
Are sharks watching on the other side?
32 thanks
Market profile entries/exits
25 thanks
Spoo-nalysis ES e-mini futures S&P 500
21 thanks
 
(login for full post details)
  #3 (permalink)
paris/france
 
 
Posts: 23 since Feb 2014
Thanks: 0 given, 1 received


News heavy week for forex : rba and gdp for aud, ecb for euro and nfp to end the week

I would like to get short cac or dax to play a correction ahead of ecb, long euro is the same trade so I'll enter on wichever offer the best set up

And maybe long aud around 7090 with rba and before gdp

dax and cac seems to be already turning down, first support on dax is around 10090 for me

first trade of the week (short term): long euro around 1.1215 targeting 1.1225, 1.1235 at first

edit : first target hit scale out 1/4 here for 9,5 pips and adjusting SL ; I may adjust 2nd target
out at 1.1210 for a smallish loss counting the scale out, price action too slow and not convincing

Reply With Quote
 
(login for full post details)
  #4 (permalink)
paris/france
 
 
Posts: 23 since Feb 2014
Thanks: 0 given, 1 received

2 nd trade of the day : short cac at 4658

took off 1/4 for 17 pts ; 2nd target at 4634 if we get there

I tried to attach pictures but apparently can't do it yet, will when when my post number will allow it

2nd target hit for 24 pts, took 1/2 off, open target on the last 1/4

stopped at breakeven on the remaining 1/4

Attached Thumbnails
Click image for larger version

Name:	CAC 3108.png
Views:	40
Size:	81.2 KB
ID:	191592  
Reply With Quote
 
(login for full post details)
  #5 (permalink)
paris/france
 
 
Posts: 23 since Feb 2014
Thanks: 0 given, 1 received

trade ideas to start the week (short indexes, long euro and long aud near 7090) were good.

couldn't bank on the euro idea as the moov start later yesterday than I thought,
first hurdle is around 1.13 in my view and I might short it this morning to play a pullback

for indexes, had a nice intraday trade yesterday but there is more room to the downside imo,
4590/75 cac, 10000/1060 dax, 3225/3200 stoxx could be seen
long from these zones if reached seems a decent idea

aud long worked good, it's already in the first resistance zone and with gdp later, it's a guessing game for now, could as well go to 0.72 than break the lows

edit : preopen more violent than I thought, only dax is holding the zone I had in mind, but with euro at resistance I still believe indexes should bounce from here

Reply With Quote
 
(login for full post details)
  #6 (permalink)
paris/france
 
 
Posts: 23 since Feb 2014
Thanks: 0 given, 1 received

I couldn't find any decent set up to enter short on euro this morning,

will look for it this afternoon as I think pullback is not done yet, but won't rush it and I may wait for a buying opportunity lower depending on how the start of afternoon plays out

pretty much the same on indexes, too messy for me this morning waiting for clearer set ups

edit : no trade today except a few scalps, AUD should make a decent bounce from the 7020/6980 zone but I will be sleeping during gdp release so I will see that tomorrow

Reply With Quote
 
(login for full post details)
  #7 (permalink)
paris/france
 
 
Posts: 23 since Feb 2014
Thanks: 0 given, 1 received

hello

finally I was up for the aud trade,
long at 0.7006, scaled out 1/4 at asian session high for 27 pips, main target is 7047, if reached it could run higher after a pull back

for european session 1.1220 seems interesting on euro for longs if it gets there

edit : 0.7047 hit I took 1/2 off for 41 pips, should pullback from here or from 0.7067 area
stopped at breakeven on the remaining 1/4


Reply With Quote
 
(login for full post details)
  #8 (permalink)
paris/france
 
 
Posts: 23 since Feb 2014
Thanks: 0 given, 1 received

hello

first trade of the day : long euro at 1.1220 as it is the buying zone I have in mind for the last 2 days,
only 1/2 size as I rather be careful on a draghi day
1 st target is at 1.1247 but could be adjusted depending on price action around PMI in few minutes

edit : action is so slow...I took off 1/2 for 20 pips and will probably cut it all before draghi if it doesn't accelerate

stopped for a 22 pips loss after a little slippage, so more or less a breakeven trade, it was stupid to stay in the trade even with reduced position, I should have cut it before ecb press conference as I planned.

Reply With Quote
 
(login for full post details)
  #9 (permalink)
paris/france
 
 
Posts: 23 since Feb 2014
Thanks: 0 given, 1 received

hello

nfp day, the morning is usually pretty calm
but AU has a capacity to moove until the release, usually up to get smashed if nfp is good and opposite on a nfp miss.
Of course it's a little more complicated, it would be too long to explain but I can assure you there is a part of truth in it,

first trade of the day long AUD at 0.6972

looking at NZDUSD I'm not sure that the pullback from 0.6985 is done yet but it's still a decent set up

took off 1/4 for 7 pips (as usual first target to reduce risk)

next levels on the way up are around 0.6989 and 0.6995 I could adjust it depending on PA

edit : as it doesn't break the 0.6088 level I took off another 1/4 for 15 pips, still targeting 0.6995 area before the NFP release, trade closed for 20 pips at 0.6991 2 minutes before release

NB : as nobody interact I'm not sure if posting graphs is of any interest ?

Reply With Quote
 
(login for full post details)
  #10 (permalink)
Brugge, Belgium
 
Experience: Beginner
Platform: Sierra Chart
Broker: Gain
Trading: 6E, FGBL, FESX
 
Posts: 20 since Dec 2011
Thanks: 18 given, 24 received



nikko View Post
NB : as nobody interact I'm not sure if posting graphs is of any interest ?

Of course it's interesting, even it's just for you when you're reviewing your journal.

Reply With Quote


futures io Trading Community Trading Journals > Nikko's journal, forex and european equities


September 16, 2015


Upcoming Webinars and Events
 

Every journal equals ten meals for the hungry

Now
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts