6E1! trade ideas
EURO FUTURES 60MIN CME UPDATED 9/13/2016Price is moving on sliding parallel up as we have multiple touches. Look for an eventual break to the upside.
EURUSD Daily idea (futures)Remember this is 6E which is the futures of EURUSD, so price levels can be slightly different.
7/31/16
I am still bearish EU weekly and want to see 1.03, but I suspect 1.17-1.19 may come first. We appear to be a large weekly abc which clearly breaks down into daily, 4hr, and 1hr WXY cycles. Under 1.09 would cause me to reevaluate the idea.
weekly - bearish
daily - bullish
4hr - bullish
EURUSD Daily UpdatedThis is futures pricing, not spot. See original idea - EURUSD Daily Idea (Futures).
4hr - long
Daily - long
Weekly - Short
EURO FUTURSWhile bulish channel has broken,
Bar pattern suggest bulish scinario
Inside day has broken to the up side
If this pattern is proven valid, we may see marginal new high in july
strategy : buy first 61.8%-retracement after a meaningful rebound
Break of Resistance triggers buyPrice approaching important resistance level. Momentum still high and price makes higher highs.
A break can trigger buy, but only with a retest, we get a high probability entry.
Laying an egg in EuropeUncle Draghi laid an egg Thursday and sent the Euro ripping. We were hoping for a uniformed move but after some leaks before the ECB announcement the Euro had it's largest one day move in a bazillion years. There was no time to position your self so it was tough to get on a long trade. If you miss a break (like we did) the next best thing is to drop down to a lower time frame (5 or 10 Min) and look for a small pullback to get n board. This trade was done in one day. Again be tactical with all the so called "smart people" talking and making decisions.
CAUTION...fireworks a headIt's a race to the bottom on the EURO. Draghi is pretty for his spin talk...we are on the side lines until Uncle Draghi is done speaking. He likes surprises and since we don't we will wait. If you are in a Euro trade lock in gains and place stops.
