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Telphee

V1:W1_S&P 500_Trading the week ahead_Levels of interest_Updates!Hello everyone! Enjoy the analysis! Stocks and Indexes are in the midst of a nasty pullback. To the untrained eye this looks nasty but do not play a fool, this pullback is textbook HEALTHY. Happens at least once a year. The US Stock market is the SINGLE best place on earth for capital growth. This discount is truly a blessing, do not miss this pullback. Do not forget who is president and who was put in charge of the FED who controls this market. But we cannot buy too early. All indications are representing the bottom is in here. The foundation is sturdy and price bounced of a MAJOR fibonacci cluster that has been influential since the start of 2018. But based on my experience trading the S&P, she won't simply run higher nicely. She will stopout traders anyway possible before making the move higher. So in this context, I am most excited about a run down to those lows to look for longs. I would not be surprised to see price run 5 or 10 handles past that low, but rest assured I will be watching VERY closely when price is around that 2708 level to take long positions. In the event price closes the week below those lows I would in fact assume a loss. In the short term price is coiling in a tight channel which is setting up perfectly for a nice trickery setup to start the week. At some point this week I expect it to break with force to the downside to retest those lows and fill my entries but the move with most likely will not be Monday or even Tuesday. I know this market likes to hurt people, so we will likely break higher and continue putting in false bottoms until those lows are re-tested. Be careful and watch for sharks! Please note I will be trading the E-mini futures /ES as a United States citizen I cannot trade SPXUSD. However, the live CFD data is free with Trading View and SPXUSD is simply a derivative of /ES. Don't be alarmed If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. Material is educational only. Trade at your own risk!
FOREXCOM:SPX500Long
by UnknownUnicorn981629
SPXUSD/S&P500/ES/SPX/NSXUSD/NASDAQ/NQ LONG!! BTFD! Listen guys I don't say this often but I feel like there is a very high chance that indexes and stocks are about to do 3% up. Could be Tomorrow, could be Thursday, could be Friday. Could be after 3% down. Work your system and Buy That Dip with assurance that odds in life don't get any better than this. If you have any questions on my feelings here please PM. GoodLuck! If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. Material is educational only. Trade at your own risk!
FOREXCOM:SPX500Long
by UnknownUnicorn981629
USDJPY_Institutional Perspective_Monthly/Daily_Fibs,EMAS,Levels!TRADERS! USDJPY is UPTRENDING! Black fibonacci is STRONG (monthly impulse trend.) Blue fibonacci holds heavy weight also (weekly corrective trend.) Thick red EMA is 50 period. This blue EMA is 14 period. Notice the buy signal on the monthly that still has room to run. Then notice the black fib on the weekly and how well its been respected. I bet yen keeps charging higher, but not before clearing out long side traders on lower timeframes. Daily chart shows room for healthy pullbacks to 110-109.000 levels. To be completely honest it would not be unusual to see this market retrace all the way to 107.900! In the event of freak market moving events I'd suggest you be ready to pull the trigger at these levels. Don't be fooled however, we may not get lucky enough to get counter trend retracements. This trend is strong and you are SILLY to be swing short this currency. In order for yen to charge higher, EURUSD is gonna need to continue down, at least stay sideways at these levels. The Japanese Yen has been a longtime favorite of mine and is responsible for personally building my trading accounts alongside the E-Mini S&P 500. Also note fibonacci sequences and candlestick pattern development originated in Japan. This trading style built the wealthiest family of Japanese royalty from rice trading. This family held Japanese dynasty for over 300 years. To me, this market responds better to these levels than any other market in existence. READ THIS! en.wikipedia.org If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. Material is educational only. Trade at your own risk!
Long
by UnknownUnicorn981629
S&P 500_TA_Bullish Cross_Fibo levels_What to expect_Like a pro!Traders, Look at the thick Exponential Moving Averages (EMA's) on the daily chart. They are crossing and looking VERY bullish. The Red is 50 EMA. The blue is 14 EMA. These indicators are EXTREMELY powerful. A cross to the downside is referred to as the "Death Cross," but there is no general name for when it crosses to the upside. We'll just call it The "Bullish Cross." When this cross happens in either direction YOU ARE SILLY to trade against it. The trend is in the middle of changing direction and NOW is the time to watch these markets like a hawk and be prepared to put money to work or pull it to safety. This cross does not mean we are clear from opposing pressures! All professionals that trade off these EMAs know that the cross means one thing. Price is ABSOLUTELY due to test the general area of these EMAS. The rationality behind this is, since the indicators are easy to use, everyone sees the crosses happen (CNBC.) This causes impatient and new traders to jump in and we know these markets are DESIGNED to take newbie money. Looking at how the market closed this weekend certainly indicates a trap to me. I always expect price to make large moves in the other direction after markets close in a very directional state for the weekend. So, at the end of the week/month, I expect S&P to be higher. But not before stopping out as many newbie traders as possible. Be prepared for pullbacks to be bought up. I particularly like the 2704 level. Its a STRONG cluster of fibo levels that we've identified plenty of times. Below that 2685 is another decent level. Below this we have our EMAs down at 2677ish level. As a rule of thumb we should not be surprised if the market tests this zone. DO NOT PANIC. There is also another variant that the market just rocketships from this point and leaves everyone behind but I don't think its very likely until the cross becomes more confirmed. Be prepared for some juicy action this week. I am slobbering at the opportunities that lie ahead. I'll also let you in on this tip, check out the EMAs on the Nasdaq and I think you'll understand my bullish passion here. I will not hold back getting long if we get our pullback and the EMAs have not quite finished crossing yet on S&P. I'll try to post entries and exits but sometimes I am far to busy. Forgive me and Good Luck! If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. Material is educational only. Trade at your own risk!
FOREXCOM:SPX500Long
by UnknownUnicorn981629
EURUSD_Will the trend continue?_Good trades ahead. U.S. Dollar is moving up after finding new strength in Americas political scene. This pushes all XXX/USD pairs down. Our indicators have been firing shorts on EURUSD for the past two weeks. A major level was breached at 1.21500 and price literally hasn't looked back. This is one of the strongest trends forex markets have seen in awhile. Be prepared for continued USD strength and thus short EURUSD and long USD/XXX pairs such as our favorite USDJPY. The thing is we don't just jump in to pullbacks because our level has been met. We wait for rejection and verification or major sell signals such as pin bars, shooting stars and engulfing candles. The hourly shows a decent trade outline that I plan on trading if conditions are met. Entries and exits will be posted... Disclaimer - If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. Material is educational only. Trade at your own risk!
Short
by UnknownUnicorn981629
The tail of two indexes_S&P 500_Nasdaq_Can we get long yet?Traders. Side by side you'll see the daily chart of the two most liquid markets in the world. The S&P500 and the Nasdaq. With these charts I'd like to say Thank You for those of you who helped me realize my true trading edge is with these indexes. My win/loss ratio has improved greatly and I'm able to handle my trading plan with discipline. Its safe to say market conditions are pretty lackluster in both Indexes and USD, but nonetheless, the S&P 500 is what I've spent a majority of my life studying. S&P holds my best trading edge. So forgive me followers for giving up on forex markets but I think the trade qualities validate my decision. SPX500 Is below its major level 2708 marked by two very solid levels of Fibonacci confluence. The thicker EMA's show need for caution as the market is still in a state of indecision attempting to find the path of least resistance. RSI is struggling around the 50 level. NAS100 is above its major level of 6560. Whats interesting is how this index has found a major level of confluence at a different Fibonacci sequence than the S&P. In fact the whole bottoming process has been much stronger for the Nasdaq. The thicker EMA are strongly pushing toward the bullish path being the path of least resistance. RSI gives no hints either, struggling around the 50 level. Here's what we're gonna do. By the end of this week it will be obvious if this bottom is here to stay or if we are due to test the lows again. Any positions should be carefully considered as a direction has NOT been defined. Trades will be considered on a day to day basis and should be smaller position size given the market uncertainty. Longs preferred depending on S&P's reaction to its major level. If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. Material is educational only. Trade at your own risk!
FOREXCOM:SPX500Long
by UnknownUnicorn981629
Nasdaq_Indexes_Look into todays action_Shorts considered only. Occasionally I will be slapping together a commentary about the days action on my favorite index and making a point to pickout the best entry of the day. This does not mean I take these entries. I simply point them out. These posts will be short simple and insightful. Notice the daily is bearish. We know better than to hold onto long positions. Over the weekend SPX and DOWJ setup very nice looking sell signals. Market makers know all of us retail traders sat around and thought about how bad we wanted to get short all weekend. So first thing this morning they gave us our fills. NQ pushed lower and stopped out tight long trades and entered silly short orders. Then the market made a substantial move higher only to stop out the retail short traders. Only to stall around lunchtime. Markets ticked around until 2pm when we finally started showing bearish signals and my plan allowed my to trade with the direction of the daily. Price broke the lunchtime level and then formed a perfect verification process to confirm we were about to move lower. The market took back all the days gains between 2 and 3:50. Notice the 5 minute chart in the comments below.Cant post the 5 min which truly shows the details of today's move. What a day. Stay tuned! If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. Material is educational only. Trade at your own risk!
FOREXCOM:NAS100Education
by UnknownUnicorn981629
V4:T2:W1_"The S&P 500 Leveraged ETF Strategy!"_Daily/4hour. Hello everyone and welcome to my newest series of public posts being dubbed "The S&P 500 Leveraged ETF Strategy." Recently I became self-aware that I am watching too many markets which is causing expensive and often psychologically hurtful mistakes. By focusing on one instrument, The mighty S&P 500 , I am hoping to make better trading decisions and compound higher returns. I have been studying S&P price action since I was 17 years old (currently 23.) At first I had included Euro and Crude to be incorporated into this series but I decided to only focus on the S&P for now. I will be trading with ETFs SPXL and SPXS. I plan on venturing out to other ETF's in the future. Any recommendations? Analysis: Since making our major pullback, during the second month of the year, price has traded mainly sideways. During the creation of this sideways struggle price managed to form a solid low around 2530. Above we see key resistance at 2800. Fib retracement confluence sketches a solid area of support/resistance around 2708. This 50% level should act as the mean through the duration of this pullback. Above this level and we should be considering long scalp trades. Below this level and short scalp trades only. The end of last week certainly pushed below the 2708 level when news of the Chinese tariffs broke headlines. Next week I would be very careful opening long side positional trades below the pivotal 2708 level. One of my rules is to NEVER hold trades that are short the S&P. You would be better off getting a payday loan for addictive drugs. Monday should tell if ES is ready to accept higher prices or if we are due to test the lows. The market will tell us and I shall not force my opinion on it. This strategy is all about trading what I see and NOT what I think. Strategy details : Daily or 4 hour chart: watch for cross of 11 EMA (red) and 9 SMA (Orange) Stochastic needs to confirm direction. RSI above/below 50. Patiently enter near the trend lines and trail 7 pips behind the orange line. Daily chart >4 hour > hourly. No trading below the hourly chart. Don't even look. Check out the monthly chart in the comments. Good luck everyone! Hope this series will be useful to others because it certainly will be for me. I do not do this for attention/rep/profits. I do this because I love it! Cheers! If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. Material is educational only. Trade at your own risk! Symbol | Weekly Directional Bias | Correct : Incorrect counter(weekly)| Win/Loss counter (all trades) ESM18| LONG | 0:0 | T 0:0
CME_MINI:ESM2018Long
by UnknownUnicorn981629
2
V1:T11_USDCAD_Short/Long_Aggressive_High rollers only...* Please note I am not in either of these positions yet. The green/red markers are showing where I wish to enter. I'll post entries in the comments. Analysis: I do think this daily signal is bold and tells us a lot about this market and the quality of this uptrend. But these markets are being far to spiteful right now to give us three green soldiers outta there. I am planning for worst case scenario. I bet we run the base of that daily bar and potentially lower before returning to the trend. When USDCAD is testing highs, EURUSD is off its highs and vice versa. For USDCAD to make higher highs, EURUSD is going to need lower lows. I dont really think that's going to be the outcome, but EURUSD is looking weaker and weaker everyday so this idea is my sorta hedge against a weak EURUSD and hence a strong USD. Thinking about it CAD has been strong ever since DXY has been above 90. Hmmph. Question is where do you set stop on the long? 1000 pips seems rational. 1200 pip target!?! Now that I've made the cautious call the market will probably rip higher. Comments? Questions? Concerns for my sanity? Let me hear it. Disclaimer: Your data may be different. Material is educational only. Trade at your own risk!
Long
by UnknownUnicorn981629
2
V4:T1_New Trading Plan_ Leveraged ETF's_ S&P - Crude - EuroHello everyone. Recently I have been thinking about my trading goals for the next couple years. As I work through college and stay relatively busy I need a trading system that adapts to me. I decided focusing on these 3 markets and trading them with leveraged ETFs would give me the greatest odds at a profitable, low maintenance trading strategy. Starting next week, I will be creating 3 posts, one for each of my selected markets. During the week I will be updating the posts with a snapshot of market movement, new drawings/levels and a brief directional opinion. Please know these are just notes for my own trading and should not be considered advice. I will be keeping a daily directional counter on each instruments to see my theoretical accuracy in each of these very different markets. I believe futures markets are the purest so I look at them for overall bias and translate that to the price of whatever ETF I choose. As I get adjusted into these markets I will begin to post entries. Trading plan details: $5,000 initial deposit with an estimated $750 on a single position. No more than two positions at any time. Margin for these ETFs are roughly 100% of trade value and the account minimum is $2,000. So basically, I can only afford to trade 1/4 of the account using these high leverage ETFs. The $750 position size should get us close to 1% move in the underlying market equal to 1% fluctuation in account balance. This strategy is very focused and is almost day trading but these positions are not limited to close at 4. Trading small account means I need low commissions of which I have found $1.00 per ETF trade. Unconfirmed at the moment but I'm working on it. Anyone have any experience with a trading strategy like this? Cheers! If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. Material is educational only. Trade at your own risk! Symbol | Daily Directional Bias | Correct:Incorrect counter. Trades Win/Loss counter Euro | X | 0 : 0 T 0:0 S&P | X | 0 : 0 T 0:0 Crude | X | 0 : 0 T 0:0
CME_MINI:ESM2018
by UnknownUnicorn981629
V1:T10_USDCAD_Larger perspective_Impulse Wave in motion_$CAD!I've had this fibonacci fan drawn on this monthly USDCAD chart for some time. I think its time to share with the world. Every time I look at this I'm just baffled how clear its been in the last few years. Notice the red line acting as the mean. Markets are either moving away or toward the mean. The safest bet is always toward and never against the mean. Price is due to test the green channel by reversion to the mean theory. Daily is trending higher forming a beautiful higher high. The 5 wave impulse pattern that appears to have more room to run. Daily stochastic is also bullish. The Fibonacci fan is calculated using rise over run (slope) which is the basis of calculus and links to derivatives that are used to capture the scale and perspective of human emotion in charts and identify cycles that have been known to repeat through out history. The fans start point is to the low before the lasting move higher (9/2012) Month/Year The highest point (1/2016)Month/Year The lowest point (9/17)Month/Year Going into next week.. I will be looking for pullbacks. I believe this trend is due to move higher and this will require EURUSD to be weak. The profit target is aided by the Fibonacci fan, back to the mean theory and extension levels that are obviously in acting force on this market. I will also be testing a new strategy. Observing short term support levels on 30 minute charts and running 30 pip stop and 30 pip target with 10 pip trailing profit. Using this strategy I am trying to satisfy my desire to trade while also maintaining swing trade positions which will be long in this currency pair. Patients will be key by waiting to confirm trade signals around major levels. I would love to see price pull back to test that old extension level. Entries and exits will be posted If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. |V1-T1 = Volume 1-Trade 1| Material is educational only. Trade at your own risk!
Long
by UnknownUnicorn981629
5
V1:T6_EURUSD_Thinking Ahead_Stratagy & Logic.Hey there Traders! Whew - What A week! Monday and Tuesday last week proceeded to push above levels I had identified to proceed with risk on buying strategies. RISK ON=Long XXX/USD. Short USD/XXX. Unfortunately, as soon as I proceeded, EURUSD signaled the market is still too heavy to proceed higher. The daily chart is signaling more downside. So I'm planning some short term potential pivot areas shown in purple. It is critical to see price action confirm these levels are worthy of buying. It is unlikely they serve any purpose. My primary buy point will be at the substantial low put in at the beginning of the month. Looks like a great place to unload some impatient long traders. I'm putting in orders a few pips above this low. Be considerate of that BLACK 50% fib level which will provide major support. I expect price could act irrationally below that level so be vigilant! Stop wise - ehh' I'll need to see two daily closes below the old MAJOR high established 9-8-18 of the area. Do you remember trading this level? Amazing trades in those days. Amazing trades since those days based on those days. Mind BLOWN! Anyways I will need to see action below these levels before I am convinced this uptrend is over. The green arrow is to remind you folks who is in charge here. This daily chart is still up-trending. Shorting an uptrend is not a viable strategy. Save your fuel for the best entry possible. This is just silly trade war BS. Not gonna amount to anything. Maybe even more weight to hold DOWN the USD! So hold tight. Keep your head straight. Lets hit it hard in the week ahead. T-Out! If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. |V1-T1 = Volume 1-Trade 1| Material is educational only. Trade at your own risk!
by UnknownUnicorn981629
4
V1:T8_Quick EURUSD Scalp Long_Hourly.Goodmorning Traders, I know I said I was going to wait until Tuesday to place trades but here I am two trades open already into the week. It snowed this morning so I got out of work allowing me to have some time to play around with some day trades. Walking in the market was pushing down and it almost always reverses on trick morning/days like today. That being said when I get a chance like this I like to enjoy myself as a trader more than I desire profits. On both positions I have taken this week so far I have taken .5% of account balance, knowing they were sporadic trades that do not adhere to the trading plan. I'm just having fun. Like I say, I just wanna be in the market and watch it for the day. Its my personal preference this week. Don't take this trade if your not comfortable with a loss. Entry BUY @ 1.22920 TP @1.23390 SL@ 1.22650 Goodluck! If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. |V1-T1 = Volume 1-Trade 1| Material is educational only. Trade at your own risk!
Long
by UnknownUnicorn981629
V1:T7_USDJPY_Long_4hr_Swing_Strategic EntryUSDJPY daily has broken out of the ascending channel, has broken 10 EMA and testing its 20 EMA now. Hopefully that will push price back to my strategic entry. The Daily slow stochastic aligns with our thoughts. Looking at the 4 hour bar, I want in but putting an order above the high is obvious. I'm betting its a trap and price is due to hit the stop before it makes the move. We risk missing out, but we are being patient and letting the market come to us. ENTRY 2000 units strategically LONG @ 106.652 Stop is generic 50 pips @ 106.152 Profit target 1 107.980. Sell 1750 units. 250 will be trailed to break even with profit targets of 110 area. If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. |V1-T1 = Volume 1-Trade 1| Material is educational only. Trade at your own risk!
Long
by UnknownUnicorn981629
14
V3:T2_Comparison of US-10-Year and USD_Postive CorrolationHello Traders! As many of you know I trade USD based currencies which are mostly influenced by the movement of the USD (DXY) Understanding the forces behind USD is critical to trading currencies correctly on a day to day basis. USD and the US 10 year are almost identical in nature. DXY is noted to be more sporadic. Generally speaking 10 year needs to signal lower lows before DXY sticks lower (and EURUSD higher.) Looking at that 10 year we are at a bit of support at this 276.5. If EURUSD is going to trade higher the US 10 year will need to trade consistently BELOW 276. Risk on mode (Long XXX/USD. Short USD/XXX) will remain the primary strategy until 10 year trades consistently ABOVE the highs established at the beginning of March-278.75 level. If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. |V1-T1 = Volume 1-Trade 1| Material is educational only. Trade at your own risk!
INDEX:DXY
by UnknownUnicorn981629
V3:T2_S&P Gap DOWN post market_Fill The Gap Long!!!Short and Sweet. This gap is probably going to fill. +1 long 2690 Stop 2663.00 T1 - 2617 T2 - 2730 If you ride this trade out longer than this you are betting we will get through our directional pivot and that I cannot be sure of. But this gap is most likly going to fill. The context is way off. Goodluck! If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. |V1-T1 = Volume 1-Trade 1| Material is educational only. Trade at your own risk!
CME_MINI:ESH2018Long
by UnknownUnicorn981629
V3:T1 /ESH18 - S&P500 - My Thoughts_BuyTheDip!S&P 500 recovery has been fair. In sequence ESH2018 made a bottom on 2/05/18, this low was 2529.00. Yet price climbed back to close the day at 2684.50. Then on 2/09 the low was retested to 2530. Again price retraced 50% of the move to close at 2621. S&P proceeded to move higher off these lows with strength. Closing higher on daily time frames throughout the end of February signals the market has plenty of buyers. However, as soon as it formed the second higher high, the market got too heavy. The first week of March traded below our most recent higher low formed by the minor trend made up trending out of the bottom - 2682. Marking a short-term shift to neutral. There is an argument for bullishness into next week. We have made higher high on the daily and simply tested the low to knock out long traders to free up the market. There is also an equally strong argument that we are due to retest the lows again. S&P has a historical tendency to form a 3 prong bottom of which I'll post historical charts in the comments. The daily slow stochastic also tells the down move is not over. But when that stochastic turns I want to be long this market 10 fold. If this week trades above the green line, I will cautiously proceed to place long trades with tight stops behind the low we just formed. Long positions considered with stops below the 02/05 low. If the market trades lower I will NOT short below the red line even though there is enough room to consider quick scalps on the way down. Instead, I'll be patiently waiting for the distribution zone to be tested, to pickup some stocks and IRA portfolio fillers on the cheap. I would consider a theoretical stop loss if we CLOSED a WEEK below 02/05 low. Notice the Dark blue Fibonacci retracement is ran from a weekly perspective on the Trump rally low to the highest high and is very important concerning future movement. The light blue Fibonacci retracement is ran counter trend from the highest high to the bottom found on 2/05. Volume 3 will be dedicated to positions and trades taken based off this idea on S&P Index. If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. |V1-T1 = Volume 1-Trade 1| Material is educational only. Trade at your own risk!
CME_MINI:ESH2018Long
by UnknownUnicorn981629
V1:T2_EURUSD_Daily_2hr_Institutional whiplash_THE best entry?...Daily chart shows a lower low formed Wednesday with direct rejection of the low Thursday and Friday. Since we closed the week far from that low this is still a certified uptrend that is consolidating at major overhead support (1.25000.) Appears to me the market needed to clear out all longs before moving higher. To do this, we needed to move intraweek below that obvious higher low (thin pink line) and even more substantially, below the second low (thick pink line.) Check out the 2 hour chart to see the slow bleed/grind lower to stop out all longs before ripping out of the zone. That's how I know I'm on the right side of this market. The slow bleed to retail stop out levels followed by huge move out of the zone, with trend, is textbook institutional movement. I am always looking for that strategic stop-out entry before the trend continues. Moving forward I will wait and see. 3/2/18 Forex Factory reports 41% traders LONG, and 59% traders short. Meaning, this market has successfully cleared the table of with trend long traders. The harshest pain for retails will be felt if the market springs higher based on these stats. I've defined a very strong range to tell me what EURUSD is thinking. A move above the green line seems most likely. Especially considering the daily slow stochastic and retail ebb and flow theory stated above. There is always the chance I'm wrong and the market may actually be due lower defined by the red line. Black fib levels hold serious conviction based on the weekly cart (see comment) Dark blue is the daily recent swing low to the new high. These levels are important on a day to day basis. Orange levels are the most recent pullback and should be used only to identify overlapping areas of support/resistance. Long EURUSD means short DXY and in turn Long XXX/USD Short USD/XXX paired currencies. If one of the two directional conditions are met but other charts are trading favorably I may consider shorting USDJPY or USDCAD, or long NZDUSD, AUDUSD. Cheers! If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Different data shown. |V1-T1 = Volume 1-Trade 1| Material is educational only. Trade at your own risk!
by UnknownUnicorn981629
6
V1-T1_EURUSD_E6H2018 Futures_Fib Levels ID'd_Weekly prepHello folks! Check out these color coded Fib levels. The right chart is 1 hour, looking into the details of next week. Dark green ray lines are Thursdays High and Low. Orange ray lines are Fridays High Low. The daily chart on the left shows the light blue and orange Fibonacci retracement levels. The light blue is from a partial swing low to a major swing high. It holds some weight but less than the other two. The orange is from the very low in the bigger picture counter trend pullback (11-07-17) to the highest high. It is very relevant to future movements. The dark blue seen only on the Daily is very powerful and is ran from swing low to high on the monthly chart (see chart in comments) The dark blue levels are very powerful and should be treated with supreme wait and see mentality. If we go below the most recent low marked by the red line expect to test the 1.21000 area where the next major cluster of levels stand to hold strong. Supported mostly by .382 level Dark Blue. Notice where the last bottom was put in in relation to the orange fib level. Its obvious the market signaling lower if these lows are breached. I will continue to position LONG -with trend unless we move below that most recent lows. Looking at the Daily Slow Stochastic we may be about to return to with trend movement and I want to be apart of it. Trades considered through out the week based on these levels. Stay tuned. If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Different data shown. |V1-T1 = Volume 1-Trade 1| Material is educational only. Trade at your own risk! Want to learn more about Fibonacci Retracements? Read this: www.investopedia.com
E
by UnknownUnicorn981629