accumulate limit long for 1/2 contract size as follows limit 10k buy @ $36.00 limit 10k buy @ $35.90 limit 10k buy @ $35.80 limit 10k buy @ $35.70 limit 10k buy @ $35.60 limit 10k buy @ $35.50 Target for all @ $37.80 No stops - prepare to hedge shorts @ $34.00. Risk : Reward, about 1:1. Don't chase the market. If you miss the trade, remember its a Friday, and...
The current leg of the down trend appears finished, and ran between ($40.4-$34.21). Its 61.8%-38.2% fibs are between $36.74-$38.10. Incremental Limit sell orders covering these values, should have already been placed on standby in the past idea. (I think it was idea#18). Target $33.00 Add the following short orders to engage, if prices break > $39 10k @...
There is a 5 wave motive clear now on the hourly with the above count possibilities. If you are a conservative trader, it is best to use the conservative count (1-5), and update short limit entries in accordance with the latest update on idea # 15. If you are some what aggressive use the count (3i-3iii), then market should be doing a 3ii to sell in today. Place...
There is enough -ve momentum now on the 5/15min TF to show possibility for an extended correction. Sell 1/3 standard contract @ $ 39.50 to target $ 36. No Stop loss Try to accumulate 1 standard contract for an $10000 account. The entry @ $39.50 will then be the 1st entry, expect to add two more. That's why there is NO current stop. Stop to be placed after all...
The triangular correction has shifted to that shown on chart Close all pending longs at market for profit Compile another long position (1/2 contract through limit orders @ Buy 10k @ $37.90 Buy 10k @ $37.8 Buy 10k @ $37.7 Buy 20k @ $37.6 Buy 10k @ $37.5 TP for all @ $ 39 Take Care & Stay safe
Buy half contract market <$36.85/90> Target $39 SL $35. Risk = -$1000/ standard contract . Profit $ 1000/ standard contract Take care & Stay Safe
The market is doing an extended wave -3 - probably to fill the gap on charts to $40-$42 Always buy the small support ledge that forms between <38.2%-61.8%> pending every minor motive wave that extends on the 1hr chart (can be Elliot detailed on the 15 min) Accumulate to close all at $40 Currently compile 1/2 contract longs at:- 10k $36.10 10k $36.05 10k $36.00 10k...
Buy market <$35.50> to target $37.50 - Stop $34.50 Size 1 contract Keep stop just below pin bar at pennant's beginning
Buy a coming retraction into wave-c of this ascending triangular formation. place limit buy orders to accumulate 1.2 standard contract per $ 10000 account Buy 10k @ $ 31.30 Buy 10k @ $ 31.40 Buy 10k @ $ 31.50 Buy 10k @ $ 31.60 Buy 10k @ $ 31.70 Buy 10k @ $ 31.80 Buy 10k @ $ 31.90 Buy 10k @ $ 32 Buy 10k @ $ 32.10 Buy 10k @ $ 32.20 Buy 10k @ $ 32.30 Buy 10k @ $...
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...
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 >.
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...
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
Buy Oil market for $32.50/75 target. Sl below $25.60
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...
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
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...
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...