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feb2865

Trading YM(Mini Dow) and Forex

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Hello guys.

 

Just to share my trades on currencies and YM. I am old shcool - just a couple of lines and some candy colors on currencies for entrainment purposes only heheheehehe

 

Pais I trade - EUR-USD, AUD-JPY and to some extend - USD-JPY

 

As already shows in the charts(The L1, L2 labels shows limits - target filled) , some trades in YM - so far in the green zone.

 

Right now the Dow is hovering @317 The market is pose for new price discovery(maybe) on the short side. Let's see what happens.

5aa71256e3b9b_YMwaiting.thumb.jpg.5a3a3ee12a755913940de10159e4139a.jpg

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AUD -JPY - went short after the big down push @92.42 - I got in kinda late got a fill @91.32(see the label market in blue L:12,500) light load just 12,500 that's an equivalent (close) to 1 buck per pip...later on I have a small scratch of -8.00 same pair - no biggie..

5aa71256e9e2d_AUDJPYLOSS.thumb.jpg.49725588e997d01d480eb69607243d8a.jpg

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YM bouncing off @306 - I pass on the trade but I was expecting some sort of reaction - Still early to tell - I could test 317 before takes off....I'll wait 'n see if it comes to the 306-317 bracket.

5aa71256ef60b_ymbounce.thumb.jpg.85d3ffb4fd9a0ce3d4ee6a1188d24292.jpg

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Filled @ 365 stop 385 looking for 344 - it's kinda risky but it's worth it - normally I won't do it but hey...sometimes you must take a calculated risk...besides is just 1 car..

5aa7125712988_YMrisky.thumb.jpg.dd7d122b3a6e7fdc00d16bf99643fd11.jpg

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Taking a chance with EUR-USD bounced off 0940 area - it's going to be a slowwwww move - 1 full contract stop @1.0940 looking for 1.0898 - I have an alert on 1.900 round number I might have to close it manually if I don't get the right price for the fill.

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The yen with a nice bounce off form 57-44 area - I already squeeze enough from the yen this week, hence I pass on the trade - will be interesting to see if we have a re-test on the bracket - definitely a level to watch..

5aa7125734c67_US-JPYlate.thumb.jpg.46ee66835d16e4e7b3d6d40846e1091a.jpg

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EUR-USD - Resistance is holding . Currencies are going to move very slow during the Asia/london session until Non Farm tomorrow - Despite that, I am going to let this trade cook overnight and will see in the morning before the announcement.

 

Note: something that traders don't realize - Make sure you know beyond reasonable doubt how your broker handle stops. Market makers (forex) are a lot better these days than 10 years ago. Still, won't hurt to ask, especially if your broker is a ECN or has no dealing desk. If you're trading currency futures, then your risk is greatly minimized as order will be sent to the the exchange.

5aa7125749888_EUR-USD60.thumb.jpg.12014d4bad95ea7935878461c27e169b.jpg

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EUR-USD trade last night was a loss - but...I got my money back and some change on NFP

 

This is the sole reason why I would never trade with a market maker - you just can't trade the news..

nfp.thumb.jpg.dd0b7150db7b606d1126059b31c5c39f.jpg

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