Summerset

Summerset Updated 

Accumulate shorts into the Right shoulder of the formation Size = 1 standard contract per $ 10000 Account - distributed as follows limit short 10k @ $32.50 limit short 10k @ $32.60 limit short 10k @ $32.70 limit short 10k @ $32.80 limit short 10k @ $32.90 limit short 10k @ $33.00 limit short 10k @ $33.10 limit short 10k @ $33.20 limit short 10k @ $33.30 limit...

Summerset

Take profit on all short holdings as compiled in accumulation zones in Idea # 7. This is a simulated $100,000 account. Equity increase for this move is 20%. Trade duration is one week. I have taken profit at the neckline of the double H&S formation < $31.70 >, and expect a right shoulder formation to re-short in between < $33.40 - $32.60 >.

Summerset Updated 

Correction 4A of wave-3 finished @ $34.66 I expect a double top to form as shown on chart or at least an H&S. Compile a 3 contract short position:- half of the position in the <$33-$34 zone> & the other half in <$34-$34.6> zone. place limit sell 1/2 contract @ $ 33.10 place limit sell 1/2 contract @ $ 33.40 place limit sell 1/2 contract @ $ 33.70 place limit...

Summerset Updated 

Final Corrective leg (e) in Wave -A This could spike to $38 = 78.2% of bear wave down - See Chart on past trade idea published In the current motive advance Buy $ 33.1 target $ 35.1 Sl 32.1 Buy $32.9 target $ 34.9 Sl 32.1

Summerset Updated 

Buy Oil market for $32.50/75 target. Sl below $25.60

Summerset

The Market has been correcting in a string of double tops or H&S(s), that take each about 2-3 days to mature before breaking lower to test the weekly low pivot. The current double top should eventually take price down to 3430. (This month's pivot low). This Week's pivot low is @ 3390. From there (lowermost boundary of the diagonal) I expect, the Eurodollar will...

Summerset

The hourly chart to go with the past 5 min frame is attached. This is a long short term trade. I am sorry, I seem to have pushed the short tab on the last post meaning it was a short term duration trade. And not to trade the issue short

Summerset

There is a double bottom on the hourly chart, and an inverted H&S fractal all pointing to the 3720 level. The correction in the right shoulder of the H&S fractal has completed as shown on the 5 min chart above. I am buying market stop < 3630 Target 3720. The move could have a compound effect due to it coming after positive dollar news (negative Euro news), which...

Summerset

The Eurodollar week chart above, shows what I hold to be the current market price pattern. It’s a diagonal. From an orthodox TA point of view, diagonals should break downwards. Price however has continually bounced at confluence points of the two primary forks shown. This is important because it means that the current price action is being contained into...