Euro Futures Hourly ChartLook for a retrace into the blue shaded box for an optimal short opportunity for a continuation of the trend to the downside.
FCEU1! trade ideas
Week Plan Watch Level 1.13425Gartley worked amazingly wel, I was looking for a bounce but had no idea it would just explode like that.
It was far too fast for me to get a trade, it would have been against my rules anyway since I really only trade double or triple bottoms.
So plan is to look for that double or triple bottom this week. It's realistic to expect it to test that gartley D point again since it took off and only has one day of price action between the current price and the low.
Target is high region of the gartley if I can get a fill. No really looking for a short here since it's below two value areas.
EURO FUTURES (MAR 2019), 1D, CMETrading Signal
Long Position (EP) : 1.13775
Stop Loss (SL) : 1.13375
Take Profit (TP) : 1.14575
Description
E6H2019 formed Turtle Soup Buy at 1d time frame. Trade setup with Buy Stop at 0.382 Level (1.13775) and place stop after 0.618 level (1.13375). Once the position was hit, place take profit before an agreement (1.14575)
Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800
Position Sizing
$0.00005 = +-$6.25
Commission fee = -$2.37/contract
EP to SL = $0 = -$500/contract
Contract size to open = 6 standard contracts
EP to TP = $0 = +$1,000
Expected Result
Commission Fee = -$28.44
Loss = -$3,000
Gain = +$6,000
Risk/Reward Ratio = 1.97
Sketch for the weekI'm not really sure about this because the 5 wave impulse starting on the 9th never really had a convincing ABC correction.
However, my general plan for the next few days is to watch for a complex correction where the B point comes up and tags the lower value area.
Then looking for it to continue in a choppy channel down to the D gartley point. From there the bear move should be done and the next target would be to attempt to mean revert to the POC.
This is a very messy range so I expect this plan will be altered as soon as there's more trading data on Monday.
Bear move may go longerRight at this moment I am strongly bullish looking for an intraday mean reversion trade that will last no longer than the session close.
However looking at the longer chart it does look like the bear move could go farther down, maybe to the gartley D point.
If gets there will be looking for a swing trade long.
Looking for longsBullish 6e, I think the sell off is running out of power. Watching on smaller timeframes for entry
Bullish 6ELooking on shorter timeframe right now for long on 6e.
At .236 retrace and looks like has finished elliot 5 wave
Just Testing - EURO Futures 6E 12-18Just Testing: EURO to continue declining to the bottom of expected range.
EURO LONG - HNS Formation- Possible head and shoulders forming
- RSI had mean fakeout
- Will watch this one unfold
Stop @ 1.13270
EU futures 100% range complete100% of c to d leg complete of pivotal swing. Searching for next point C. Currently long on EU FX at 1352
Make it or break it EUR/USDOngoing H&S-formation and a possible break of the 1.15 area
Looking for shorts if it breaks
Otherwise Bull and would wait for the 1,20 area to short sell
Short EUR Dec Future Call Option 1.19 Oct. Expiration Today, I've executed a short Future EUR call option expiring in Oct. for a credit of 375 with a breakeven level of 1.193. Price is in a weekly down trend that I think will continue or stay in the Jun/July sideways price chop area. I'll be looking to manage early @ 50% of the received credit if the trade goes in my favor, or take down the trade down at 100% of the credit received if I'm wrong.
