EURUSD Trade levels June 7
Updated
I always like to look a market both ways with no preconceived idea of 'wanting' it to go UP or DOWN because I don't have the real money to move it myself, I have to piggy back off a whale. Our strategy we use allows us to just grab a fin and hold on until retail starts going in, at that point its time to let go and find another whale fin to grab. The worse trade probability we get now is down to 80% probability.
Thats like on the worst day ever..
The hardest part is making up charts to justify our ROI without giving the game away. I mean, if we made it public to our clients they wouldn't really need us would they, not that they even have the time or care about how we do it anyway and of course we still need someone else to take the other side of our trade. So everything I post on tradingview has most of the stuff hidden though I sometimes leave a few hints,maybe below
IMHO Bloomberg was invented by Goldylox to confuse the hell out of people. They may as well play re-runs of the Muppets before NFP for what its worth. Up next market recap with Kermit!
Ok so without any further wait, the stops for fiber tomorrow are.....: 1.1378 running into heavy wall of offers at 1.1380, Billions on offer at 1.14. no retail trader, not even iron man could push through 1.14 on their own, so just TP it there and be happy with your 100 pips. If you want to leave your trade on with no TP thats fine, but before you go order your Platinum plated Bentley convertible beware of the stop run before the news down to 1.1235-30. If ******* doesn't run the stops then expect a brief pause at 1.1230 Heavily Bid level. Everyone and their Aunt wants to buy there tomorrow.
ah you know what.... just buy limit a bar at 1.1230 with the banks, set SL for 1.1219 and TP at 1.13. Of course if the news Is the 'other way' and the USD magically gains strength since we don't know what the news actually is going to be or at least what the spin will be this time, sell stop the 1.1230 down to Stops on 1.11718 to 1.1160 AND Big surprise there a 161.8% downward fib right there in that zone, from todays HI/LO range. Plus that there the 200% of the range at guess where....on a stop run level just under 1.1138/40. If that doesn't give you a winner.
There you have it.
G20 meeting...how will fundamentals come into play tomorrow? They won't. They going to run your stops and go the other way, thats it.
So to simplify: KEY Gann Trades today , try this
Recommendation:
Buy at / above: 1.1305 Targets: 1.1333 --- 1.1366 --- 1.1398 --- 1.1431
Stoploss : 1.1273
Sell at / below: 1.1273 Targets: 1.1246 --- 1.1213 --- 1.1180 --- 1.1148
Stoploss : 1.1305
Thats like on the worst day ever..
The hardest part is making up charts to justify our ROI without giving the game away. I mean, if we made it public to our clients they wouldn't really need us would they, not that they even have the time or care about how we do it anyway and of course we still need someone else to take the other side of our trade. So everything I post on tradingview has most of the stuff hidden though I sometimes leave a few hints,maybe below
IMHO Bloomberg was invented by Goldylox to confuse the hell out of people. They may as well play re-runs of the Muppets before NFP for what its worth. Up next market recap with Kermit!
Ok so without any further wait, the stops for fiber tomorrow are.....: 1.1378 running into heavy wall of offers at 1.1380, Billions on offer at 1.14. no retail trader, not even iron man could push through 1.14 on their own, so just TP it there and be happy with your 100 pips. If you want to leave your trade on with no TP thats fine, but before you go order your Platinum plated Bentley convertible beware of the stop run before the news down to 1.1235-30. If ******* doesn't run the stops then expect a brief pause at 1.1230 Heavily Bid level. Everyone and their Aunt wants to buy there tomorrow.
ah you know what.... just buy limit a bar at 1.1230 with the banks, set SL for 1.1219 and TP at 1.13. Of course if the news Is the 'other way' and the USD magically gains strength since we don't know what the news actually is going to be or at least what the spin will be this time, sell stop the 1.1230 down to Stops on 1.11718 to 1.1160 AND Big surprise there a 161.8% downward fib right there in that zone, from todays HI/LO range. Plus that there the 200% of the range at guess where....on a stop run level just under 1.1138/40. If that doesn't give you a winner.
There you have it.
G20 meeting...how will fundamentals come into play tomorrow? They won't. They going to run your stops and go the other way, thats it.
So to simplify: KEY Gann Trades today , try this
Recommendation:
Buy at / above: 1.1305 Targets: 1.1333 --- 1.1366 --- 1.1398 --- 1.1431
Stoploss : 1.1273
Sell at / below: 1.1273 Targets: 1.1246 --- 1.1213 --- 1.1180 --- 1.1148
Stoploss : 1.1305
Trade active
Didnt register a move to 1.1305 yet, but hit right there at 1.13.If you're still holding long, thats not terribly bad.
Trade active
Lower Median line parallel hit to the pip......... got to love it
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.