FCEU1! trade ideas
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.
Good oportunity for long @EURWho whom looking for god low risk/high reward trade here is point. Wayt for low volume tes of 1.15830 area and as soon we get confirmation go long. SL @1.15240 and TP @1.18495
You can add you position @1.17005 and @1.17500 CME:E61!
EURUSD moment of truthWe've already seen a shift in power to the Bulls on a shorter term level. Now we're testing the original point of expansion, which is often a natural level for price to retest before resuming trend.
However, in this case Bulls are coming at the level with a LOT of power. I wouldn't make any trading decisions until either the red lines are cleared and retested to the long side, or price is significantly rejected at this volatility expansion retest.
Again, I'm looking at the 5/15m timeframes, and I need to see something dramatic happen on the H1/D1 first. Great fight to study, though. If you're still holding a short position, I imagine you're sweating :)
EURO Futures Supply ZoneWe are in a downtrend, and I anticipate we will have a pullback into supply.
Bullish 6e MondayWe're at the bottom of the channel and completed a 5 wave down.
The bullish gartley is on the chart does not follow the rules but it's good enough for me in this case to treat as a bullish bottoming signal because of confluence with the other factors.
Looking for longs on Monday.
Euro FX Futures E6U2018 , D1Trading Signal
Long Position (EP) : 1.17325
Stop Loss (SL) : 1.16905
Take Profit (TP) : 1.18215, 1.1927
Description
E6U2018 formed Double Repo Buy at 1d time frame. Trade setup with Buy Stop at 0.382 Level (1.17325) and place stop after 0.618 level (1.16905). Once the position was hit, place take profit before an agreement (1.18215) and 1.1927
Money Management
Money in portfolio : $48486
Risk Management (1%) : $484.86
Position Sizing
$0.00005 = +-$6.25 (Micro)
Commission fee = -$0.33/contract (Micro)
EP to SL = $0 = -$52.5/contract (Micro)
Contract size to open = 9 standard contracts
EP to TP#1 = $0.01 = +$111.25 (Micro)
EP to TP#2 = $0.02 = +$243.13 (Micro)
Expected Result
Commission Fee = -$5.94
Loss = -$472.5
Gain#1 = +$556.25
Gain#2 = +$972.5
Total Gain = +$1528.75
Risk/Reward Ratio = 3.2
Euro FX Futures E6U2018 D1Trading Signal
Long Position (EP) : 1.17325
Stop Loss (SL) : 1.16905
Take Profit (TP) : 1.1875, 1.1951
Description
E6U2018 formed Double Repo Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (1.17325) and place stop after 0.618 level (1.16905). Once the position was hit, place take profit before an agreement (1.1875) and 1.1951
Money Management
Money in portfolio : $48486
Risk Management (1%) : $484.86
Position Sizing
$0.00005 = +-$0.625 (Micro)
Commission fee = -$0.33/contract (Micro)
EP to SL = $0.0042 = -$52.5/contract (Micro)
Contract size to open = 9 standard contracts
EP to TP#1 = $0.01425 = +$178.13 (Micro)
EP to TP#2 = $0.02185 = +$273.13 (Micro)
Expected Result
Commission Fee = -$5.94
Loss = -$472.5
Gain#1 = +$890.63
Gain#2 = +$1092.5
Total Gain = +$1983.13
Risk/Reward Ratio = 4.14
Use tight stops on 6EEuro is in middle of long consolidation range. Could be on 3 or 4 or C wave. Probably best to use very tight stops because this is not an ideal trading location and could go either way. Once reaches either end of the sideways channel with a 5 wave completion it will be much simpler to pick a direction. Probably cautiously bullish here
6E Euro Probably Not Much More To Down SideWill be very careful to take profits quickly for any bearish trades I take because it's probably close to support. Much more interested in moves pointed up.
