EURUSD1! trade ideas
EURO FUTURES (MAR 2019), 1D, CMETrading Signal
Long Position (EP) : 1.13775
Stop Loss (SL) : 1.13375
Take Profit (TP) : 1.14575
Description
E6H2019 formed Turtle Soup Buy at 1d time frame. Trade setup with Buy Stop at 0.382 Level (1.13775) and place stop after 0.618 level (1.13375). Once the position was hit, place take profit before an agreement (1.14575)
Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800
Position Sizing
$0.00005 = +-$6.25
Commission fee = -$2.37/contract
EP to SL = $0 = -$500/contract
Contract size to open = 6 standard contracts
EP to TP = $0 = +$1,000
Expected Result
Commission Fee = -$28.44
Loss = -$3,000
Gain = +$6,000
Risk/Reward Ratio = 1.97
Sketch for the weekI'm not really sure about this because the 5 wave impulse starting on the 9th never really had a convincing ABC correction.
However, my general plan for the next few days is to watch for a complex correction where the B point comes up and tags the lower value area.
Then looking for it to continue in a choppy channel down to the D gartley point. From there the bear move should be done and the next target would be to attempt to mean revert to the POC.
This is a very messy range so I expect this plan will be altered as soon as there's more trading data on Monday.
Bear move may go longerRight at this moment I am strongly bullish looking for an intraday mean reversion trade that will last no longer than the session close.
However looking at the longer chart it does look like the bear move could go farther down, maybe to the gartley D point.
If gets there will be looking for a swing trade long.
Looking for longsBullish 6e, I think the sell off is running out of power. Watching on smaller timeframes for entry
Bullish 6ELooking on shorter timeframe right now for long on 6e.
At .236 retrace and looks like has finished elliot 5 wave
Just Testing - EURO Futures 6E 12-18Just Testing: EURO to continue declining to the bottom of expected range.
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 :)
