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US Dollar 2012-09-11

I have made a trade in US Dollar futures. Long entry occurred at 5:43 am (my time), at a price of 80.43. This currency futures trading is based on MACD divergence on a 60 minute trading chart.

The USDX has recently undergone a sharp decline. It is conceivable that a short term correction should follow.

Observer the 60 minute chart for the DX December contract.

us dollar. currency futures trading

What has developed is a situation where the MACD risen quite nicely, as compared to price which has come back to recent lows. This is not a perfect MACD divergence, but I believe it is one worth trading. As usual, I am using a protective stop in case my analysis is incorrect or in case of a sudden market move against me for whatever reason.

This situation is very similar to the one that occurred to me yesterday in natural gas futures. I did not make that trade because I am still familiarizing myself with that market, and so I was uncomfortable. In this market, I am a little more confident so I have less reservations about placing a trade.

In other markets, I am still waiting for sugar to show an entry signal. I still feel like it is getting closer. I am waiting for gold to correct near to the weekly moving average I have set.

In addition, I'm going to be keeping my eye on some of the major currencies as we approach the US federal elections occurring November 6, 2012. I suspect we will see some interesting setups forming up to that date, with the election day or near to it being a pivot point for many currency and interest rate products. It is difficult to form opinions to far in advance, but I suspect we will see short sell setups forming in currencies like the CAD, GBP, and AUD. However, this is purely wild speculation.

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posts listed chronologically below



2013-04-08 Short Natural Gas

2013-03-10 Dollar Index

2013-02-17 Crude Oil

2013-02-11 British Pound

2013-02-03 Gold & Updates

2013-01-21 Gold Trade

2013-01-14 Natural Gas

2013-01-14 Gold Update

2013-01-07 Sugar Trade

2013-01-04 Gold Update

2013-01-03 Natural Gas

2012-12-28 Gold Prices

2012-12-26 Natural Gas

2012-12-24 Updates

2012-12-12 Sugar Trade

2012-12-06 Dog Video

2012-12-06 Gold Re-entry

2012-12-05 Natural Gas Update

2012-12-04 Natural Gas

2012-11-29 Gold

2012-11-19 Updates

2012-11-06 Natural Gas

2012-11-01 Natural Gas

2012-10-28 Gold Futures

2012-10-23 Natural Gas

2012-10-22 Sugar, Re-entry

2012-10-18 Sugar

2012-10-17 USDX, Sugar, Gas

2012-10-15 Natural Gas Futures

2012-10-12 Natural Gas Update

2012-10-10 Natural Gas

2012-10-04 Sugar Exit

2012-10-01 Sugar Update

2012-09-25 Natural Gas, Sugar update

2012-09-20 Sugar

2012-09-20 Natural Gas

2012-09-12 Canadian Dollar

2012-09-11 USDX

2012-09-10 Natural Gas

2012-09-09 Natural Gas, DX, GC, SB

2012-09-05 Sugar Futures

2012-09-04 Canadian Dollar

2012-09-01 Gold, Dollar Index

2012-08-24 USDX, Sugar, Gold

2012-08-19 TRADE Sugar

2012-08-16 TRADE Sugar

2012-08-12 10yr T-Notes

2012-07-30 TRADE: AUD/USD

2012-07-23 TRADE: USDX

2012-07-18 TRADE: US Dollar Index

2012-07-17 TRADE: AUD/USD

2012-07-15 10 Year Treasuries

2012-07-06 Sugar Futures

2012-07-02 TRADE: Australian Dollar Futures

2012-06-27 TRADE: Sugar Futures

2012-06-25 TRADE: US Dollar

2012-06-22 TRADE: US Dollar

2012-06-21 TRADE: Gold, Sugar

2012-06-18 More on Gold

2012-06-12 Gold Update

2012-06-12 TRADE: Dollar Index

2012-06-11 TRADE: US Dollar

2012-06-07 TRADE: Gold

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