6E1! trade ideas
EUR/USD Future APR18Trading Signal
Long Position (EP) : 1.23725
Stop Loss (SL) : 1.23640
Take Profit (TP) : 1.23950
Description
E61! reached supply zone at day time frame, looking for buy opportunity in lower time frame. It formed Double Repo Buy at 1h time frame. Trade setup with Buy limit at 0.618 level of FR (1.23725) and place stop loss after 0.382 level of FR (1.23640). Once the position was hit, place take profit before a first agreement (1.23950)
Money Management
Money in portfolio : $55,000
Risk Management (2%) : $1,100
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = -0.00085 = -$106.25/contract
Contract size to open = 8 contracts
EP to TP = 0.00225 = +$281.25
Expected Result
Commission fee = -$192
Loss = -$850
Gain = +$2,250
Risk/Reward Ratio = 2.65
EUR/USD Future (CME)Trading Signal
Short Position (EP) : 1.24085
Stop Loss (SL) : 1.24115
Take Profit (TP) : 1.2379
Description
E61! formed Double Repo Sell at 30m time frame. Trade setup with Sell limit at 0.618 level of FR (1.24085) and place stop loss after 0.382 level of FR (1.24115). Once the position was hit, place take profit before a first agreement (1.2379)
Money Management
Money in portfolio : $55,000
Risk Management (2%) : $1,100
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = 0.0003 = -$37.5/contract
Contract size to open = 18 contracts
EP to TP = 0.00295 = +$368.75
Expected Result
Commission fee = -$432
Loss = -$675
Gain = +$6,637.5
Risk/Reward Ratio = 9.83
EUR/USD Future (CME)Trading Signal
Long Position (EP) : 1.23315
Stop Loss (SL) : 1.2327
Take Profit (TP) : 1.2344
Description
E61! formed Double Repo Buy at 30m time frame. Trade setup with buy limit at 0.618 level of FR (1.23315) and place stop loss after 0.382 level of FR (1.2327). Once the position was hit, place take profit before a first agreement (1.2344)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = 0.00045 = -$56.25/contract
Contract size to open = 12 contracts
EP to TP#1 = 0.00125 = +$156.25
Expected Result
Commission fee = -$288
Loss = -$675
Gain = +$1,875
Risk/Reward Ratio = 2.77
EUR/USD Future (CME)Trading Signal
Short Position (EP) : 1.2342
Stop Loss (SL) : 1.23455
Take Profit (TP) : 1.23365, 1.23285
Description
E61! formed Double Repo Sell at 30m time frame. Trade setup with sell limit at 0.618 level of FR (1.2342) and place stop loss after 0.382 level of FR (1.23455). Once the position was hit, place take profit half contract size before a first agreement (1.23365) and the other half before second agreement (1.23285)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = 0.00035 = -$42.75/contract
Contract size to open = 14 contracts
EP to TP#1 = 0.00055 = +$68.75
EP to TP#2 = 0.00775 = +$168.75
Expected Result
Commission fee = -$336
Loss = -$598.5
Gain#1 = +$481.25
Gain#2 = +$1,181.25
Total Gain = +$1,662.5
Risk/Reward Ratio = 2.77
EUR/USD Future (CME)Trading Signal
Long Position (EP) : 1.232
Stop Loss (SL) : 1.23045
Take Profit (TP) : 1.23565, 1.23975
Description
E61! formed Double Repo Buy at 4h time frame. Trade setup with buy limit at 0.618 level of FR (1.232) and place stop loss after 0.382 level of FR (1.23045). Once the position was hit, place take profit half contract size before a first agreement (1.23565) and the other half before second agreement (1.23975)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = 0.00155 = -$193.75/contract
Contract size to open = 4 contracts
EP to TP#1 = 0.00365 = +$456.25
EP to TP#2 = 0.00775 = +$968.75
Expected Result
Commission fee = -$96
Loss = -$775
Gain#1 = +$912.5
Gain#2 = +$1,937.5
Total Gain = +$2,850
Risk/Reward Ratio = 3.67
EUR/USD (CME)Trading Signal
Short Position (EP) : 1.234
Stop Loss (SL) : 1.2346
Take Profit (TP) : 1.232, 1.23045
Description
E61! day time frame reached 0.382 resistance of FR. Then, seeking opportunity to entry sell for lower time frame. It formed TTS sell at 1h time frame. Trade setup with buy stop at previous high (1.234) and place stop loss after current high (1.2346). Once the position was hit, place take profit half contract size before an 0.382 of FR level (1.232) and the other half before 0.618 of FR level (1.23045)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = 0.0006 = -$75/contract
Contract size to open = 10 contracts
EP to TP#1 = 0.002 = +$250
EP to TP#2 = 0.00758 = +$443.75
Expected Result
Commission fee = -$240
Loss = -$990
Gain#1 = +$1,250
Gain#2 = +$2,218.75
Total Gain = +$3,468.75
Risk/Reward Ratio = 3.50
EUR/USD (CME)Trading Signal
Long Position (EP) : 1.22074
Stop Loss (SL) : 1.21916
Take Profit (TP) : 1.22394, 1.22832
Description
MF1! week time frame reached 0.382 resistance of FR. Then, seeking opportunity to entry buy for lower time frame. It formed Double Repo Buy at 1h time frame. Trade setup with buy limit at 0.618 level of FR (1.22074) and place stop loss after 0.382 level of FR (1.21916). Once the position was hit, place take profit half contract size before an agreement#1 (1.22394) and the other half before an agreement#2 (1.22832)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
0.0001 = +-US$1.25
Commission fee = -$12/contract
EP to SL = 0.00158 = -$19.75/contract
Contract size to open = 31 contracts
EP to TP#1 = 0.0032 = +$40
EP to TP#2 = 0.00758 = +$94.75
Expected Result
Commission fee = -$372
Loss = -$612.25
Gain#1 = +$640
Gain#2 = +$1,421.25
Total Gain = +$2061.25
Risk/Reward Ratio = 3.36
Outlook on EuroExcited to see how this plays out given the Italian election is coming up in a few days.
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
Short 6E trade c/w option ideas14 6e direction s Feb 16 2018 entry price 1.24585 comments
or long 1.215 put april for .0033 debit or
short 1.295 call april for .0030 362.5
Valid Cup & Handle?I've never traded this pattern before, but I am long biased this pair, and to me this is as a clear of an example of a cup & handle you could ask for. I'll be trading long if price breaks the high. If anyone has an opinion about this patterns validity I'd love to hear it!
VWAP and Volume on the EURO - short termIf you want to follow the footsteps in institutional traders on the short term looking at VWAP, volume and price action will give you a good clue
EURO Fx Chancing in BehaviorEuro has a great uptrend losing steam with no demand from smart money changing to potential bearish move to hit 1.1290
Eurusd looks like a great short to me and is due for retracementafter analyzing both eurusd and the E61!/DXY chart i have decided to start a short position. looking for three tp levels in the near term- 1.20428 tp1 1.19712 tp2 and tp3 for the week is 1.18555. i am using fibonacci pivot points and a E61!/DXY divergence. Also an alost oversold stochastic. Will enter if resistance 1 is rejected and also when pivot point is crossed.
Neutral trade on the Euro (Skewed Strangle)The Euro have been on a tear and is due a correction. However I think it will be slowly and gradually start a new range, giving us time to take profit of a volatility contraction.
With 50 days to go I am selling a strangle of the DEC17 Euro Future Symbol /6EZ7. I am giving me some more space to the downside skewing the Strangle a little bit down to around the 20 delta and around the 35 delta to the upside.
The trade:
Sell 1.155 Put
Sell 1.195 Call
Max win $1,625
Expiration date 10/7/2017
Short EuroBull Trap for attempted breakout. Cumulative volume is lower on the weekly chart. Price is also at pivot level that projects way back in time - see the line?
