ED1! trade ideas
LONG 6E1! BETWEEN 1.10640-1.10650 31.01.2020
6E1!
LONG 6E1! BETWEEN 1.10640-1.10650
CMP : 1.10745
INTRADAY TARGETS
T1 : 1.10790
T2 : TRAIL WITH SL AT BREAKEVEN 1.11080
SL : 1.10570
Highly Bearish Intraday BiasComing off top of linear regression channel edge, only direction for intraday trades is down.
BUY 6E1! BETWEEN 1.117751.1174015.01.2020
6E1!
BUY 6E1! BETWEEN 1.117751.11740
CMP : 1.11895
INTRADAY TARGETS
T1 : 1.11880
T2 : TRAIL WITH SL AT BREAKEVEN 1.11970
SL : 1.11715
Bullish moves on EURUSDBullish moves signalling on EURUSD, RSI reflecting resistance awaiting the MACD cross could see some big moves ahead
BUY 6E1! BETWEEN 1.11615-1.1166013.01.2020
6E1!
BUY 6E1! BETWEEN 1.11615-1.11660
CMP : 1.11685
INTRADAY TARGETS
T1 : 1.11770
T2 : TRAIL WITH SL AT BREAKEVEN 1.11820
SL : 1.11590
Euro holding strength The daily euro still holding strength I m looking to go long if one hour euro chart is showing a second bounce from Friday to continue upside all intra day trading
6E analysis6E has completed a >50% correction from its previous swing low and one would expect a impulsive wave to the upside to follow this corrective wave. Entry will be on the 4 hourly chart, when the EMA's and the MACD have turned bullish, and then retests a previous resistance turned support level. Always be buying below the market.
E7 Futures short The currency strength on 8 hr is showing a cross of eur and usd I m looking to go short when this cross is secure, Friday positive data for usd is giving it power, my trades are intra day
Euro buysbuying euro been stalking this trade for a little bit now feel comfortable in entering now, hopefully fed meeting tomorrow goes our way
stalking eurowatching euro closely want to see if we can defend the 30 MA (Orange MA) a push lower then October lows (Blue Rectangle) would be invalidation. I'm not ready to enter a position will be looking to take my shot Wednesday during FED FOMC
Euro Futures ShortLooking for re-entry on previously tested supply zone. Since it's been previously tested I've set an activation rule at 1.11130, so I will enter the trade as I leave the zone. Conservative target and a runaway target farther out because closer demand was completely blown through before price turned in its favor.
Entry: 1.11100 (Activation @ 1.11130)
Stop: 1.11220
Target 1: 1.10495 (R:R=4.8)
Target 2: 1.09800 (R:R=10.4)
In Shorting RegionIntraday bias is to look to sell the top of the day while it's in the prior wick zone. This is an area that can produce big targets to the down side because the next leg will the the 5 wave and the most logical andrew's pitchfork target is the median line.
Failed Break, Looking for a Flag then ContinuationFailed break below 1.10 which is longer term support. Looking for a Flag to form then a break above 1.104.
Short When Back At Pitchfork EdgeRight now there's no trade but once it makes it back to the wick region around the upper edge of the pitchfork I'll be looking to get aggressively short.
Target of the median line itself is maybe kind of unrealistic but that's what the elliot wave count and pitchfork rules would tend to suggest.
Fed eases - long euro dollar futures This is a long term trade. The POTUS wants lower rates going into the election to continue to prop up the stock market. This will hurt the US dollar and move the ED higher. As the fed continues to cut, it will continue its move higher . Chart wise, this is confirmed at these levels due to support lines.
6E Was Bearish As Expected But While I Wasn't LookingPost mortem on a trade that I only broke even on but had charted almost perfectly (see attached chart and trade log)
I was basically a day early on location of the B wave. The trade I took was up over $400/contract at one point but then chopped back to my entry and I lost interest in the trade. I just checked it again and it pretty much followed the path to my C as expected, in fact it dumped faster that I thought.
This type of time frame is more difficult for me, I usually trade to be flat by the end of the day or for much longer positions that last weeks or years. Picking an entry on a 1 or 2 day timeframe is kind of in between I need more experience to get the execution correct even though the elliot count is right. 6e is especially hard since it trades the best in the very early morning.
Going forward it still has room for bearishness on an intraday basis but this would no be good to swing trade.
It's near the end of the C wave and likely to chop back to the top of the pitchfork. However it is also possible that it will try to run to the median so if I trade this at all it will be with a bearish bias.
