Hello fellow traders. Hope everyone has been successful and trading safe. I wanted to post this earlier but it was so early in the am and I had too many other trades going on. Just wait for your alarms. Let them do the grunt work ;-)
We have been nailing some difficult Enigma trades lately, so it continues to stay on the watchlist. Here's a brief overview of the setup I see:
For now we sit in a definite No Trade Zone with how I approach the market and methodology. For those who shorted that top of the swing, congrats. And thus he we are, seeing a reaction. I will start some new TA on this to start identifying wave structure and potential pivots. Do we roll over? Do we come out with a motive wave, or do we have internal three wave correction? That's what I need to see before I expose my BTC with this trade.
Please stay tuned as TA chart will be modified. Trade safely and make your own decisions. I am here for your entertainment and education ;-)
longmoney
We have been nailing some difficult Enigma trades lately, so it continues to stay on the watchlist. Here's a brief overview of the setup I see:
For now we sit in a definite No Trade Zone with how I approach the market and methodology. For those who shorted that top of the swing, congrats. And thus he we are, seeing a reaction. I will start some new TA on this to start identifying wave structure and potential pivots. Do we roll over? Do we come out with a motive wave, or do we have internal three wave correction? That's what I need to see before I expose my BTC with this trade.
Please stay tuned as TA chart will be modified. Trade safely and make your own decisions. I am here for your entertainment and education ;-)
longmoney
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You guys and gals saw that huh ;-)
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Don't be afraid to look left...
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Risk free... Stopped moved. Large buy zone requires super tight stop
Trade active
Trade closed: stop reached
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Pros understand these moves...
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Likely just the beginning. Trade the slight bounce if you want too. Me, I'll be waiting
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*to
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All joking side aside. I am bullish on ENG. It has a great look, once the storm settles ;-)
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*sorry for the typo
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Bulls are goin to fight hard, but this target looks nice ;-)
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Here they come...
Trade closed manually:
Let's close this out and clean up the chart for the entry
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If you missed, don't chase
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New ENG posted...