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 :)
EURUSD1! trade ideas
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.
EURUSD on watch - likely down but watch for false breakoutsThis is based on futures (CME) to give a better volume indication. there is a symmetrical triangle and within it a head and shoulder. Symmetrical triangle would point to a continuation of trend i.e. downtrend and the Head and shoulder would also seems to be indicating a down trend. But if you see weekly the price is at a potential support. so what can happen?
Answer as usual is anything - trading is not a prediction business. its about applying known / experienced lessons to know when one might want to act..
so in that spirit - now is the time to watch EURUSD... not to act right away.
Now based on volume you see that the left shoulder to head has proportionately higher volume compared to the right shoulder - which could mean that head and shoulder would not fail i.e. the price will decline.... BUT if you see last week's daily engulfing bearish candle on Thursday - 26 July - its volume is not higher than the bullish candle on 20th July .. i would have liked to see a good high volume push down .. to suggest that there is a strong interest... but there is still time.. so lets watch how the next week performs .. if we see a good high volume break downwards which closes below the triangle i.e. below the neck line of head and shoulder then we may want to WAIT for the retest and IF it still closes below the neck line - GO short
Reason to emphasise on waiting for retest is that there is a good probabiltiy that it might be a false break and the price closes back above the neck line after breakout in which case you want to go long.. same thing on the upside..i.e. on break out wait for the retest of the triangle trend line then go long...
Venta en 6ELa idea está como pública asi que no muestro el análisis completo en el gráfico, pero sirve de referencia para quienes conocen la metodología.
La entrada ya dio casi 30 ticks como para tomar target. Espero que alguien la haya tomado.
En la semana publico alguna de las zonas que estoy esperando para tomar. Saludos!
EURO Future SEP18 (1d)Trading Signal
Short Position (EP) : 1.1649
Stop Loss (SL) : 1.1725
Take Profit (TP) : 1.12655, 1.09055
Description
E6 formed Double Repo Failure Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (1.1649) and place stop after 0.618 level (1.1725). Once the position was hit, place take profit before an agreement (1.12655) and 1.09055
Money Management
Money in portfolio : $80,000
Risk Management (2%) : $1,600
Position Sizing
$0.1 = +-$10 (Standard)
Commission fee = -$2.47/contract (Standard)
EP to SL = $0.0076 = -$950/contract (STD)
Contract size to open = 2 standard contracts
EP to TP#1 = $0.03835 = +$4,793.75 (STD)
EP to TP#2 = $0.07435 = +$9,293.75 (STD)
Expected Result
Commission Fee = -$9.88
Loss = -$1,900
Gain#1 = +$4,793.75
Gain#2 = +$9,293.75
Total Gain = +$14,087.5
Risk/Reward Ratio = 7.38
EURO Future SEP18 (1d)Trading Signal
Long Position (EP) : 1.181
Stop Loss (SL) : 1.17345
Take Profit (TP) : 1.199, 1.21605
Description
E6 formed Double Repo Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (1.181) and place stop after 0.618 level (1.17345). Once the position was hit, place take profit before an agreement (1.199) and 1.21605
Money Management
Money in portfolio : $80,000
Risk Management (5%) : $4,000
Position Sizing
$0.1 = +-$10 (Standard)
Commission fee = -$2.47/contract (Standard)
EP to SL = $0.00755 = -$943.75/contract (STD)
Contract size to open = 4 standard contracts
EP to TP#1 = $0.018 = +$2,250 (STD)
EP to TP#2 = $0.03505 = +$4,381.25 (STD)
Expected Result
Commission Fee = -$19.76
Loss = -$3,775
Gain#1 = +$4,500
Gain#2 = +$8,762.5
Total Gain = +$13,262.5
Risk/Reward Ratio = 3.49
EURO Future JUN18 (30m)Trading Signal
Long Position (EP) : 1.17140
Stop Loss (SL) : 1.17060
Take Profit (TP) : 1.17330, 1.17570
Description
E6M2018 formed Double Repo Buy at 30m time frame. Trade setup with Buy Stop at 0.382 level (1.17140) and place stop loss at 0.618 level (1.17060). Once the position was hit, place take profit before an agreement (1.17330) and 1.17570
Money Management
Money in portfolio : $78,000
Risk Management (1.00%) : $780
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$2.47/contract
EP to SL = 0.00080 = -$100.00/contract
Contract size to open = 8 contracts
EP to TP#1 = 0.00190 = +$237.50
EP to TP#2 = 0.00430 = +$537.50
Expected Result
Commission fee = -$39.52
Loss = -$800.00
Gain#1 = +$950.00
Gain#2 = +$2,150.00
Total Gain = +$3,100.00
Risk/Reward Ratio = 3.69
EURO Future JUN18 (1h)Trading Signal
Long Position (EP) : 1.17065
Stop Loss (SL) : 1.17000
Take Profit (TP) : 1.17160, 1.17320
Description
E6M2018 formed Double Repo Buy at 1h time frame. Trade setup with Buy Limit at 0.382 level (1.17065) and place stop loss at 0.618 level (1.17000). Once the position was hit, place take profit before an agreement (1.17160) and 1.17320
Money Management
Money in portfolio : $78,000
Risk Management (1.00%) : $780
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$2.47/contract
EP to SL = 0.00065 = -$81.25/contract
Contract size to open = 9 contracts
EP to TP#1 = 0.00095 = +$118.75
EP to TP#2 = 0.00225 = +$318.75
Expected Result
Commission fee = -$44.46
Loss = -$731.25
Gain#1 = +$593.75
Gain#2 = +$1,275.00
Total Gain = +$1,868.75
Risk/Reward Ratio = 2.41
EURO Future JUN18 (1h)Trading Signal
Long Position (EP) : 1.17300
Stop Loss (SL) : 1.17140
Take Profit (TP) : 1.17675, 1.18160
Description
E6M2018 formed Double Repo Buy at 1h time frame. Trade setup with Buy Stop at 0.382 level (1.17300) and place stop loss at 0.618 level (1.17140). Once the position was hit, place take profit before an agreement (1.17675) and 1.18160
Money Management
Money in portfolio : $78,000
Risk Management (1.00%) : $780
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$2.47/contract
EP to SL = 0.00160 = -$200.00/contract
Contract size to open = 4 contracts
EP to TP#1 = 0.00375 = +$468.75
EP to TP#2 = 0.00860 = +$1,075.00
Expected Result
Commission fee = -$19.76
Loss = -$800.00
Gain#1 = +$937.50
Gain#2 = +$2,150.00
Total Gain = +$3,087.50
Risk/Reward Ratio = 3.77
EURO Future JUN18 (30m)Trading Signal
Long Position (EP) : 1.17035
Stop Loss (SL) : 1.16980
Take Profit (TP) : 1.17160, 1.17295
Description
E6M2018 formed Double Repo Buy at 30m time frame. Trade setup with Buy Limit at 0.382 level (1.17035) and place stop loss at 0.618 level (1.16980). Once the position was hit, place take profit before an agreement (1.17160) and 1.17295
Money Management
Money in portfolio : $78,000
Risk Management (1.00%) : $780
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$2.47/contract
EP to SL = 0.00055 = -$68.75/contract
Contract size to open = 11 contracts
EP to TP#1 = 0.00125 = +$156.25
EP to TP#2 = 0.00260 = +$325.00
Expected Result
Commission fee = -$54.34
Loss = -$756.25
Gain#1 = +$937.50
Gain#2 = +$1,625.00
Total Gain = +$2,462.50
Risk/Reward Ratio = 3.16
EURO Future JUN18 (30m)Trading Signal
Long Position (EP) : 1.16680
Stop Loss (SL) : 1.16530
Take Profit (TP) : 1.17050, 1.17300
Description
E6M2018 formed Double Repo Buy at 30m time frame. Trade setup with Buy Limit at 0.382 level (1.16680) and place stop loss at 0.618 level (1.16530). Once the position was hit, place take profit before an agreement (1.17050) and 1.17300
Money Management
Money in portfolio : $78,000
Risk Management (1.00%) : $780
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$2.47/contract
EP to SL = 0.00150 = -$187.50/contract
Contract size to open = 4 contracts
EP to TP#1 = 0.00370 = +$462.50
EP to TP#2 = 0.00620 = +$775.00
Expected Result
Commission fee = -$19.76
Loss = -$750
Gain#1 = +$925
Gain#2 = +$1,550
Total Gain = +$2,475.00
Risk/Reward Ratio = 3.22
EURO Future JUN18 (30m)Trading Signal
Long Position (EP) : 1.17005
Stop Loss (SL) : 1.16915
Take Profit (TP) : 1.17125, 1.17270
Description
E6M2018 formed Double Repo Buy at 30m time frame. Trade setup with Buy Limit at 0.382 level (1.17005) and place stop loss at 0.618 level (1.16915). Once the position was hit, place take profit before an agreement (1.17125) and 1.17270
Money Management
Money in portfolio : $78,000
Risk Management (1.00%) : $780
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$2.47/contract
EP to SL = 0.00090 = -$112.5/contract
Contract size to open = 7 contracts
EP to TP#1 = 0.00120 = +$150.00
EP to TP#2 = 0.00265 = +$331.25
Expected Result
Commission fee = -$34.58
Loss = -$787.50
Gain#1 = +$600
Gain#2 = +$993.75
Total Gain = +$1,593.75
Risk/Reward Ratio = 1.94
EURO Future JUN18 (30m)Trading Signal
Long Position (EP) : 1.17070
Stop Loss (SL) : 1.17000
Take Profit (TP) : 1.17385, 1.17635
Description
E6M2018 formed Double Repo Failure Buyl at 30m time frame. Trade setup with Sell Stop at 0.382 level (1.17070) and place stop loss at 0.618 level (1.17000). Once the position was hit, place take profit before an agreement (1.17385) and 1.17635
Money Management
Money in portfolio : $78,000
Risk Management (1.00%) : $780
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$2.47/contract
EP to SL = 0.00070 = -$87.5/contract
Contract size to open = 9 contracts
EP to TP#1 = 0.00315 = +$393.75
EP to TP#2 = 0.00565 = +$706.25
Expected Result
Commission fee = -$44.46
Loss = -$787.50
Gain#1 = +$1,968.75
Gain#2 = +$2,825
Total Gain = +$4,793.75
Risk/Reward Ratio = 5.76
EURO Future JUN18 (1h)Trading Signal
Long Position (EP) : 1.17170
Stop Loss (SL) : 1.17035
Take Profit (TP) : 1.17605, 1.18085
Description
E6M2018 formed Double Repo Failure Buyl at 1h time frame. Trade setup with Sell limit at 0.382 level (1.17170) and place stop loss at 0.618 level (1.17035). Once the position was hit, place take profit before an agreement (1.17605) and 1.18085
Money Management
Money in portfolio : $78,000
Risk Management (0.50%) : $390
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$2.47/contract
EP to SL = 0.00135 = -$168.75/contract
Contract size to open = 2 contracts
EP to TP#1 = 0.00435 = +$543.75
EP to TP#2 = 0.00915 = +$1,143.75
Expected Result
Commission fee = -$9.88
Loss = -$337.5
Gain#1 = +$543.75
Gain#2 = +$1,143.75
Total Gain = +$1,687.5
Risk/Reward Ratio = 4.86
EURUSD Hypothetical LongA basic support/resistance trade idea.
I'd like to initiate the trade if the price actually come to the levels.
