EURUSD1! trade ideas
EURO LONG - HNS Formation- Possible head and shoulders forming
- RSI had mean fakeout
- Will watch this one unfold
Stop @ 1.13270
EU futures 100% range complete100% of c to d leg complete of pivotal swing. Searching for next point C. Currently long on EU FX at 1352
Make it or break it EUR/USDOngoing H&S-formation and a possible break of the 1.15 area
Looking for shorts if it breaks
Otherwise Bull and would wait for the 1,20 area to short sell
Short EUR Dec Future Call Option 1.19 Oct. Expiration Today, I've executed a short Future EUR call option expiring in Oct. for a credit of 375 with a breakeven level of 1.193. Price is in a weekly down trend that I think will continue or stay in the Jun/July sideways price chop area. I'll be looking to manage early @ 50% of the received credit if the trade goes in my favor, or take down the trade down at 100% of the credit received if I'm wrong.
Good oportunity for long @EURWho whom looking for god low risk/high reward trade here is point. Wayt for low volume tes of 1.15830 area and as soon we get confirmation go long. SL @1.15240 and TP @1.18495
You can add you position @1.17005 and @1.17500 CME:E61!
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 :)
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
