350Z's Account

[Bullitt]

I'd love to see a futures trading discussion.

Me too. I like the daily talk regarding actual currency pairs, not so much the currency ETF's. I have an account at FXCM, and anything I can learn here would be great.

[JTH]

Just bought some FAZ at 41.30...wish I bought yesterday.

One more post and I can stop laughing at your newbie status

Hey when/if you get some time, can you throw me a decent bloger link I can follow? Someone who likes to talk about bonds and someone who likes to talk about USD.

[350Z]

I'm thinking about shorting EUR/USD again, for a quick trade. When I say quick, I mean in and out within the next two hours.

2009-03-17-TOS_CHARTS.png

[350Z]

I'm thinking about shorting EUR/USD again, for a quick trade. When I say quick, I mean in and out within the next two hours.

Shorted EUR/USD at 1.3038.

[350Z]

Shorted EUR/USD at 1.3038.

Stop got hit at 1.3043 for a small loss. That trend line appears to be holding for now.

It's bed time and don't want to leave a trade on.

Once the market starts turning down, I see EUR/USD cliff diving. The time to really short it is coming.

[etftalk]

It's bed time and don't want to leave a trade on.

Probably a good idea. Overnight futures positions can be quite dangerous as they usually shoot for stops in both directions.

[350Z]

Shorted EUR/USD again at 1.3053. Stop at 1.3075.

[350Z]

Shorted EUR/USD again at 1.3053. Stop at 1.3075.

Damn, another losing trade. Good thing I had a stop in. When trading currencies, you really want to be there for every pip.

[350Z]

Shares that were used to short some Financials are being called in. This is causing some short covering. When it's over, the market will tank.

HOLDING FAZ.

If I was home, I would probably add more.

[350Z]

Shorted EUR/USD at 1.3521.

It had a big move today thanks to the Fed promising to buy $800B of toxic mortgages and $300B of long treasuries. Where is the money coming from? This might not even happen. They have been saying they were going to buy treasuries for how long now? And they have yet to buy any.

EUR/USD's rocket shot. Now pinned at the 50%. Should retrace some.

2009-03-18-TOS_CHARTS.png

Still holding FAZ. Bought at $39.88 and $35.00.