Tuesday, January 12, 2016

$ES_F and $EURUSD paper trade Jan 12, 2016

I shorted $ES_F, because yesterday night market price was up and I expected it reversal in the morning.

Sold 3 contracts of $ES futures @ average price (1931.33), closed trade @ average price (1922.83); +8.5 points
Trade log Jan 12, 2016

$EURUSD Daily


Also, opened short $EURUSD trade @1.0859, I will buy it back whenprice reaches 1.07 area (which is the down trend line on the chart) and and my stop is 1.09, high of previous bar








For tomorrow, I will lookat how the market trades overnight. If overnight action is strong, I will look at indications of reversal; likewise do the opposite if overnight price action is week. For upside area look for 1950 or 1960 levels.





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