Today we finally broke the correlation between the $EURUSD and the $ES_F. I have to admit that I was a little thrown off by the way it traded today as U.S. markets tumbled, only to see the $EURUSD pair run up a significant amount.
This has not been typical price action over these last few weeks, and I think it is time to be patient and see what happens over the next few days. Significant news has been playing a large role in almost every market lately, so I’m waiting until I see some stability in the headlines before putting on any swing trades.
Today’s day trades for the $EURUSD were a scratch and a +20 pip trade on the short side after the quick run up. Not a spectacular day, but I didn’t lose money, and that is the most important thing. I’m currently working on switching my broker from FXCM over to Tradestation, and once that happens I will be posting live analytics of my trades, as they are much better than FXCM reporting.