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Daytrading

EUR/CAD Long and EUR/USD LongEUR/CAD Long • If price corrects and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD Long • If price corrects and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
9
#ES Day Trading Prep Week 9.24-9.29Levels to Watch - Resistance : 4378.50 - 74.75 Key Resistance : 4403 - 4392.25 Acceptance in VAL would be needed to regain strength. Support : 4362.75 - 59.50 - 55 Area maybe ? - Market is looking for good Support if can't say within/over the Edge then could target a move towards lower Contract Roll Gap with levels to watch on the way for Targets : 4349.50 - 40.75 - 31.50 - 27.25 - 21.50 - 08.50 ? Depending on how much selling we get if any and if things get real ugly and we can fully fill the lower Contract Gap then we have HTF Key Support at 4291.50-4265.50 spot that started this whole move and a large Cost Basis. Last Week : Last week Market opened and held under 4508 - 02 Resistance area which gave us a break of Key Support and VAH which brought in more selling to take out Swing Stops at the mean and hit all of the lower targets down towards 4375.75 - 59.50 Edge. Friday first gave us a hold and push away from the edge back towards VAL but failed to get over the needed area and instead broke and close under/around the Edge low. This Week : Market is set to open in an interesting spot and around untested from Contract Roll Gap which started this whole move areas. Longs have been getting trapped higher and higher and Supply have been moving lower for some time now and question this week is Do we have enough Supply or Larger Time Frame Sellers to continue and fill the contract roll gap and maybe even try to get inside Key Support ? Or do we get enough short covering here to hold the market up Around this Edge/VAL areas to start consolidating to try and get back inside Value ? If Covering is strong enough but Supply will still be coming out then we could also drift lower in tighter range days from here unless selling will be strong enough. For the Downside : If Market can't stay inside the Edge and get back over 78.50 - 74.75 Resistance / hold over then we could see more selling. We would need to get under 62.75 - 59.50 to targets 49.50 - 45 Which would be an area to watch for any continuation, if we get through and hold under 49.50 we could see continuation towards 30s - 20s with 4331.50 - 27.25 - 21.50 Being potential area for a hold or bounce on first pushes so would have to be careful around these lower areas as there could be good buying order flow around BUT with the way chart is looking and if we still have volume Supply coming out we could easily keep going since size longs would first want to see market hold before putting together positions and any strength right now could just be size short covering at targets and then continuing to look for buyers. 4308.25 - 4291.50 Is another Spot to watch if we get down there. For the Upside : For market to reverse long from here we would have to hold over 4349.50 - 62.75 to test Resistance at 78.50-74.75 Would need to see strength and hold over to target Key Resistance and VAL area which would be the spot to watch for any continuation this week, market would need to accept in VAL to regain strength again, other than that longs might be better from lower potential Supports if they show strength. If Balance : We are around a Key Larger Time Frame Area and if selling wont be as strong here and we still have covering/buying then we could see ourself tighten up ranges and maybe even balance in this 4350 - 80 +/- areas until we build up enough to attempt a move towards VAL or continue lower. Need to be careful around here unless we can continue under 59-45 or 80-92
CME_MINI:ES1!
by HollowMn
EUR/CAD Long and EUR/USD LongEUR/CAD Long • If price impulses up, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD Long • If price impulses up, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
5
GBP/AUD ShortGBP/AUD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
5