Summerset

Summerset

So long as there exists dual (2) (-ve) short term, and intermediate term cycles, feeding the market, Eurodollar is entering an intermediate term bear trend with probable target at levels -i- @ 1.04, and -1- @1.01 The current short term trade (2 wks) is remains to short current market <1.0970> stop <1.01060> Target <1.0780> Profitable Trading Summerset

Summerset

There are dual (Two) negative trending momentum breakouts on 15min & 1HR frames. This marks higher degree reversal, and is fundamentally due to the risk adverse environment created on the aftermarth of the Loan officer Survey. Standout of compiling longs / and close out current long holdings even non mild losses. Short Market<1.0970> Stop 1.1060. Target...

Summerset Updated 

The accumulation level clearly shows here. Protective Hedges should be moved to 1.0830. Immediate target(s) 1.1240. Quarter annual target(s) 1.1430/1.16 Profitable Trading Summerset

Summerset

The current trigger to take long is a bounce out of level -1- (Green) with a protective hedge @ 133.6. Target 138 Profitable Trading Summerset.

Summerset

There is opportunity for Dollar Yen longs to target 138.3 short term & 142.50 long term. This position is still not mature to buy & hold to 142.5, because there is possibility for a second shoulder level (Right red arrow down). It is possible to buy current levels with a protective hedge < 133.40 to target 138. Fundamentally, the position is supported by...

Summerset

Extend the accumulation (7%) off Eurodollar longs into Levels between <1.0930/00/1.0880> Place a Protective hedge below Level-iii (yellow) on 4HR Chart. (next post). Profitable Trading Summerset

Summerset

The current move is also a clean assent from a level-i (yellow) to a level-iii (yellow) immediately targeting 138.2% @ 1.2724 & 161.8% @ 1.2805 Profitable Trading Summerset

Summerset

The Current trigger on 30-min is part of a Zigzag formation to take price to a confluence of the fib extension shown on the Chart <1.30> Profitable Trading Summerset

Summerset

The next leg in the Sterling dollar uptrend has started in anticipation of comping super Thursday. Entry is now market, with a stop at 1.2530. This week's targets are 1.2730/90. There could still be potential to see 1.3580. But it may not happen. Profitable Trading Summerset

Summerset

Because the next leg in the current shoulder formation is an upward leg. It is possible to continually take long entries at internal pivot levels shown on the 15-min Chart above to target 20-25 pts higher, and recur. Close out and stand out early Asian session tomorrow. (FMOC fundamental). The Fixed risk measure shown (yellow) can be used for placing stops...

Summerset

As anticipated Sterling Dollar broke higher last Friday 28/4 Sterling Dollar is now trading in successive shoulder formations bullishly translated at (green) neckline levels. That why retractions (including yesterday's) are so deep. The Uptrend is very strongly supported on the daily frame. Therefore, for swing / position trading consider to buy market today...

Summerset

The chart is showing an ending diagonal extension which represents a fractal of an ending diagonal tat had previously broken lower. Today's accumulation is @ 50% between green dotted & yellow dotted S/R levels, @ 1.0990/1.10. Immediate target @ 1.1170. Protective hedge @ 1.088. Risk = 120 pts from entry . ~ 2.4% = 240 pts = 20k size Leave target open due to...

Summerset

Eurodollar is doing a spas-mic Trend inside of an ending diagonal into a Shoulder level. The pattern & target projections are very similar to these previously shown on Sterling dollar. Prudent money management would dictate a different strategy however. If the Sterling dollar is to be regularly and continually day traded / or intra-week traded on higher...

Summerset

The current market advance is shown in shaded green ellipse. For swing trades out of this growth segment, buy a re-test of support Level-3 <1.2420>, with a stop or protective hedge 50% below level-1 <1.2240>, take immediate profits at 1.2680 (2-wks), final target 1.28 (Mid May). Profitable Trading Summerset

Summerset

Because of the (+ve) momentum continuation showing on the daily, Sterling is breaking out in a Zigzag (encompassed in a ending leading diagonal), that will take out the current (Green) neckline, and move to attack the next higher (Red) neckline. Confluence on (+ve) momentum on 1&4 HR ( and even on 1 HR &15 mins) are a buy & hold swings to targets...

Summerset

@ Reza 1530. Hope the above chart helps. The count shown is referenced to the Cci-100 on the 15/5 min. It has been invalidated as an Elliot structure as the market did a higher high. What would this indicate ? Cci @ 1HR ~ -250 & Cci @ 15 min is trending bearish. So there is a negative feed into the 4hr time frame. But the 4hr cycle is the most important here....

Summerset

Projected target for tomorrow's NFP trade is shown on the day chart above. The target will not be reached in one day of course - not even a weekly target. I would expect to see it towards end of September. Profitable Trading Summerset

Summerset

Together with the sterling dollar, I am selling tomorrow the sterling yen into the NFP breakout. If the employment number is weak, equity markets will be negatively affected, and the yen will appreciate on Risk aversion, and stock market liquidations. I am shorting current Market @ 152.20. Stop 153.50. target 147.0 As with the sterling dollar. Risk is 3% on 10k...