6E! Euro Fu weekly correction is nearWeekly downward correction towards EMA200D will start soon, once the price will go beyond EMA15 on daily TF
Be prepared for short
Target is 200-250 EMA Day that is 1,195 – 1,19
EURUSD1! trade ideas
EuroDollar Short || Divergence and wedge pattern at resistanceDivergence on VMC Market Cipher B, TD REI, RSI, and wedge pattern. I am currently in a short
The psychology of failure in trading Part 3 3.29.21 The psychology of failure in trading Part 3 . 1) If you actually trade You will find yourself in a trading funk from time to time. These are very stressful times when you can't do anything right, and you know down deep that you are uncomfortable with every decision whether it is finding a trade location or a stop, or target. You can even find opportunity because nothing you are doing is working out... and you know it. The thought of one more losing trade is unbearable. You feel no confidence in any aspect of your trading. This can even happen after a long period of conscientious study of the market. It is very demoralizing when you've had a recent history of losing trades and nothing is working out despite all your effort. Personally, I think it's a lot easier to work out of a funk if you've had significant success in the past, but if you don't have a convincing period of time of successful trading, then you haven't really proven to yourself that you are good trader. There are other reasons to stress out over losing trades and one of the most common reasons is insufficient amounts of risk capital.
When you're in a trading funk, you may be conditioning yourself in such a way that it is hard to avoid losing trades, and may be even more prone to make trading mistakes. This is a horrible period of time in your trading. You may find that you will not trade, and you may even choose to change trading systems when the problem is really more related to your personal psychology. The irony of this is that when you're a losing trader, the chances are you will not pick another trading system and actually make money. However, you will look for other systems and never resolved the personal issues about how you analyze the market and that deeply ingrained suspicion that you don't know what you're doing and that trading feels as if it's almost hopeless.
If you don't deal with your personal psychology, you may find that you work very hard after you find another trading system, but at some point you will run into a trading funk and because you have not dealt with your personal psychology you will fail at this system as well. Some trading systems are worse than others, but you'll never really get to that understanding because you never really get to know how markets work, and you've never learned about the things that don't work in trading systems. And it is very hard to find people who actually know what they're doing, and actually make any significant amount of money trading... Other than people who make a lot of money offering trading advice and trading systems, and that is a different business than actually making money trading your own capital.
When you run into a trading funk, you have to to deal with it. You have to stop trading and then analyzing your behavior, and your calculations about the market during these periods of time. You must ask all the questions that need to be answered. This includes asking the question: is this actually a good trade location for me to be a buyer? If your answer is I don't know... Then why are you taking the trade? You do this not just for the entry, but you ask: do I have a reasonable stop? You ask: do I know what a reasonable target is? If you take a trade and you don't know any of this information, you have to ask yourself: why am I thinking about taking a straight? You ask yourself: why am I uncomfortable about everything?
In short, you have to go back to basics. You question everything. You have to be patient and avoid impulsive trading until you feel comfortable with certain patterns and have demonstrated this one a dozen paper trades. It is this set up the accounts. You have to have the market that defines the buyers and the sellers, and the markets that have good stops and enough volatility to drive the market to your target.
Trading fonts can be a disaster and you must reprogram some of the things that you are doing and some of the interpretations that you make about the market which are not correct. Generally, going to an entirely new trading system randomly will not change things for you. You must look at the market in a more "personal" way. I try to do that in the videos.
Professional trading firms spend a boatload of money for their traders to work with some of these principles with skilled professionals because there is so much money at stake they will pay a lot of money for anything they think will help their traders. Professional firms do this so you should expect to include this type of learning in your own trading if highly successful trading firms use these techniques.
Strong Sell Signal on EURO FuturesSupport Breakout +Volume Breakout + Bearish Sptringbox = Sell signal
Euro/Dollar forecastit seems that the bullish trend needs power and we have strong support > High probability to see choppy market the next days.
EURO FX FUTURES 4 Hours* Detailed technical analysis :
* According to the Elliott rule, the price is in a corrective phase because it is at the beginning of the formation of the third wave of corrective waves after the end of the five impulsive waves
= So we conclude that the price will continue to collapse.
* The price formed the butterfly model, which is one of the harmonic patterns that is still not completed, but it was confirmed after all its rules were fulfilled.
* According to all that has been observed, the price will collapse until 1.14925.
Wk 9 preview : Yield increaseGlobal market sentimen:
US 10yr government bond yields reached a one-year high.
The Fed maintain accomodative policy
House Passes $1.9T Pandemic Bill On Near Party-Line Vote
Positive vaccine development.
Week 8 review : Raising yield push DXY higherThis week major focus :
FOMC chair Powell's repeated insistence that policy will remain accommodative and mushrooming global recovery signals in a range of markets.
Next week preview :
Biden stimulus plan progress.
Pfizer, Moderna and J&J vaccine result .
6E1! eur/usd Setup IdeaI will be looking for opportunities for a long position. The price has returned to the value range with a fairly good volume. If it turned out that it reads the chart well, it will show one of the scenarios for a possible connection. A scenario that is quite conservative and has a relatively good risk-reward ratio.
1. Red square. I will expect sellers here. I hope that the level will be defended and the sale will be absorbed by passive traders (limit orders). How long will it take? It's hard to say. When the pressure goes away, I would like to see that the price goes down by a few / a dozen ticks, but this time without pressure or volume. Then, if the setup is to work, there should be traders with aggressive buy orders across the market.
2. Green square. This is her place where, with the above in mind, I would look for a position.
What's the funniest thing about this game is that I don't care what happens. And I have absolutely no idea which way the listing of this contract will go. The price may just jump up or down. If it jumps up, good. I will be looking for the next configuration for a long position. If it jumps down, good too. After all, a short position is also a position.
The most important thing in trading, in my opinion, is to have well-defined conditions for concluding a transaction and the context of this venture.
Greetings.
6E1! AMT RULEZOf course, I have no idea what will happen. If someone claims that he knows, he is a clown and ignorant (or works for a goldman and has the volume to move the market;)) But I know what I will do if one of the scenarios comes true. The little blue squares are the markings where I would be looking for L position.
If it were to specifically collapse, 1.20500 could stop the storm for a while. The previous distribution range where the price was most accepted. The stimulus is coming, so the chance for the euro is high.
Good luck!
Important support level to watchEUR/USD has been in correction since the beginning of 2021, but now there may be an opportunity to buy from 1.2-1.205 level. Given that DXY is still below 91.2-91.3, we might see a further decline in the dollar. Buy @ 1.2-1.205, TP 1.22-1.23-1.235, SL 1.95.
EURO FX FUTURES The price has breached the strong resistance 1.21310
Expected scenarios:
The collapse continues to 1.20820 on condition that the price remains below the previously mentioned resistance
But if it breaks the resistance 1.21310 to the upside, it can buy and target 1.21765 as long as the price remains above the resistance
EURUSD - possible near end of wave 5Looking at the chart of the euro futures contracts we may spot a possible Elliott Wave Pattern labeled as 1 to 5. It is a potential impulse wave that may soon come to an end. The theoretical resistance for wave 5 is set by 161,8 Fibonacci expansion of wave 1 placed at the end of wave 4.
If this area is defended the market may retrace back as potential wave A in a larger corrective movement. Then the first theoretical target may be located at the lower limit within the channel or even at the low of wave 4.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
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