EURO Future JUN18 (CME)Trading Signal
Long Position (EP) : 1.24760
Stop Loss (SL) : 1.24655
Take Profit (TP) : 1.25145
Description
E61! formed Double Repo Buy at 30m time frame. Trade setup with buy limit at 0.618 level of FR (1.24760) and place stop loss at 0.382 level of FR (1.24655). Once the position was hit, place take profit before an agreement (1.25145 )
Money Management
Money in portfolio : $69,000
Risk Management (1%) : $690
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$2.47/contract
EP to SL = 0.00105 = -$131.25/contract
Contract size to open = 5 contracts
EP to TP = 0.00385 = +$481.25
Expected Result
Commission fee = -$24.7
Loss = -$656.25
Gain = +$2,406.25
Risk/Reward Ratio = 3.53
M6E1! trade ideas
EURO Future JUN18 (CME)Trading Signal
Short Position (EP) : 1.25400
Stop Loss (SL) : 1.25535
Take Profit (TP) : 1.25240, 1.2506
Description
E61! reached month-resistance zone and formed TTS Sell at 1h time frame. Trade setup with sell stop at previous high (1.25400) and place stop loss at current high (1.25535). Once the position was hit, place take profit before an support line (1.25240) and 1.2506
Money Management
Money in portfolio : $57,000
Risk Management (1%) : $570
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$2.47/contract
EP to SL = 0.00135 = -$168.75/contract
Contract size to open = 3 contracts
EP to TP#1 = 0.00160 = +$200
EP to TP#2 = 0.00340 = +$425
Expected Result
Commission fee = -$14.82
Loss = -$506.25
Gain#1 = +$400
Gain#2 = +$425
Total Gain = +$825
Risk/Reward Ratio = 1.58
EURO Future JUN18 (CME)Trading Signal
Short Position (EP) : 1.25285
Stop Loss (SL) : 1.25330
Take Profit (TP) : 1.25165, 1.25035
Description
E61! formed Double Repo Sell at 30m time frame. Trade setup with sell limit at 0.618 level of FR (1.25285) and place stop loss at 0.382 level of FR (1.25330). Once the position was hit, place take profit before an agreement (1.25165) and 1.25035
Money Management
Money in portfolio : $57,000
Risk Management (1%) : $570
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$2.47/contract
EP to SL = 0.00045 = -$56.25/contract
Contract size to open = 8 contracts
EP to TP#1 = 0.00120 = +$150
EP to TP#2 = 0.00250 = +$312.5
Expected Result
Commission fee = -$39.52
Loss = -$450
Gain#1 = +$600
Gain#2 = +$1,250
Total Gain = +$1,850
Risk/Reward Ratio = 3.78
EUR/USD Future JUN18 (CME)Trading Signal
Short Position (EP) : 1.24285
Stop Loss (SL) : 1.24395
Take Profit (TP) : 1.2411, 1.2393
Description
E61! has reached day resistance and formed TTS Sell at 30m time frame. Trade setup with sell stop at previous high (1.24285) and place stop loss at current high (1.24395). Once the position was hit, place take profit before an agreement (1.2411) and 1.2393
Money Management
Money in portfolio : $55,000
Risk Management (2%) : $550
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$2.47/contract
EP to SL = 0.00110 = -$137.5/contract
Contract size to open = 4 contracts
EP to TP#1 = 0.00175 = +$218.75
EP to TP#2 = 0.00355 = +$443.75
Expected Result
Commission fee = -$19.76
Loss = -$550
Gain#1 = +$437.5
Gain#2 = +$887.5
Total Gain = +$1,325
Risk/Reward Ratio = 2.33
EUR/USD Future JUN18 (CME)Trading Signal
Short Position (EP) : 1.24285
Stop Loss (SL) : 1.24350
Take Profit (TP) : 1.24073, 1.23865
Description
E61! formed Double Repo Sell at 1h time frame. Trade setup with sell limit at 0.618 level of FR (1.24285) and place stop loss after 0.382 level of FR (1.24350). Once the position was hit, place take profit before an agreement (1.24073) and 1.23865
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$2/contract
EP to SL = 0.00065 = -$81.25/contract
Contract size to open = 12 contracts
EP to TP#1 = 0.00213 = +$265.625
EP to TP#2 = 0.00420 = +$525.00
Expected Result
Commission fee = -$24
Loss = -$975
Gain#1 = +$1,593.75
Gain#2 = +$3,150
Total Gain = +$4,743.75
Risk/Reward Ratio = 4.87
EUR/USD Future JUN18 (CME)Trading Signal
Long Position (EP) : 1.23685
Stop Loss (SL) : 1.23605
Take Profit (TP) : 1.2397
Description
E61! formed Double Repo Buy at 30m time frame. Trade setup with buy limit at 0.618 level of FR (1.23685) and place stop loss after 0.382 level of FR (1.23605). Once the position was hit, place take profit before an agreement (1.2397 )
Money Management
Money in portfolio : $55,000
Risk Management (2%) : $1,100
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = 0.00080 = -$100/contract
Contract size to open = 9 contracts
EP to TP = 0.00285 = +$356.25
Expected Result
Commission fee = -$216
Loss = -$900
Gain = +$3206.25
Risk/Reward Ratio = 3.56
EUR/USD Future MAR18 (CME)Trading Signal
Long Position (EP) : 1.2305
Stop Loss (SL) : 1.23015
Take Profit (TP) : 1.2311, 1.2321
Description
E61! formed Double Repo Buy at 1h time frame. Trade setup with buy limit at 0.618 level of FR (1.2305) and place stop loss after 0.382 level of FR (1.23015). Once the position was hit, place take profit half contract size before a first agreement (1.2311) and the other half before second agreement (1.2321)
Money Management
Money in portfolio : $55,000
Risk Management (2%) : $1,100
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = 0.00035 = -$43.75/contract
Contract size to open = 12 contracts
EP to TP#1 = 0.00060 = +$75.00
EP to TP#2 = 0.00160 = +$200.00
Expected Result
Commission fee = -$288
Loss = -$525
Gain#1 = +$450
Gain#2 = +$1,200.00
Total Gain = +$1,650.00
Risk/Reward Ratio = 3.14
EUR/USD Future APR18 (CME)Trading Signal
Short Position (EP) : 1.2376
Stop Loss (SL) : 1.23915
Take Profit (TP) : 1.23465, 1.2279
Description
E61! reached resistance at day time frame, looking for sell opportunity in lower time frame. It formed Double Repo Sell at 4h time frame. Trade setup with sell limit at 0.618 level of FR (1.2376) and place stop loss after 0.382 level of FR (1.23915). Once the position was hit, place take profit half contract size before a first agreement (1.23465) and the other half before second agreement (1.2279)
Money Management
Money in portfolio : $55,000
Risk Management (2%) : $1,100
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = 0.00155 = -$193.75/contract
Contract size to open = 5 contracts
EP to TP#1 = 0.00295 = +$368.75
EP to TP#2 = 0.01 = +$1,212.5
Expected Result
Commission fee = -$120
Loss = -$968.75
Gain#1 = +$1,106.25
Gain#2 = +$2,425.00
Total Gain = +$3,531.25
Risk/Reward Ratio = 3.65
EUR/USD Future APR18Trading Signal
Long Position (EP) : 1.23725
Stop Loss (SL) : 1.23640
Take Profit (TP) : 1.23950
Description
E61! reached supply zone at day time frame, looking for buy opportunity in lower time frame. It formed Double Repo Buy at 1h time frame. Trade setup with Buy limit at 0.618 level of FR (1.23725) and place stop loss after 0.382 level of FR (1.23640). Once the position was hit, place take profit before a first agreement (1.23950)
Money Management
Money in portfolio : $55,000
Risk Management (2%) : $1,100
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = -0.00085 = -$106.25/contract
Contract size to open = 8 contracts
EP to TP = 0.00225 = +$281.25
Expected Result
Commission fee = -$192
Loss = -$850
Gain = +$2,250
Risk/Reward Ratio = 2.65
EUR/USD Future (CME)Trading Signal
Short Position (EP) : 1.24085
Stop Loss (SL) : 1.24115
Take Profit (TP) : 1.2379
Description
E61! formed Double Repo Sell at 30m time frame. Trade setup with Sell limit at 0.618 level of FR (1.24085) and place stop loss after 0.382 level of FR (1.24115). Once the position was hit, place take profit before a first agreement (1.2379)
Money Management
Money in portfolio : $55,000
Risk Management (2%) : $1,100
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = 0.0003 = -$37.5/contract
Contract size to open = 18 contracts
EP to TP = 0.00295 = +$368.75
Expected Result
Commission fee = -$432
Loss = -$675
Gain = +$6,637.5
Risk/Reward Ratio = 9.83
EUR/USD Future (CME)Trading Signal
Long Position (EP) : 1.23315
Stop Loss (SL) : 1.2327
Take Profit (TP) : 1.2344
Description
E61! formed Double Repo Buy at 30m time frame. Trade setup with buy limit at 0.618 level of FR (1.23315) and place stop loss after 0.382 level of FR (1.2327). Once the position was hit, place take profit before a first agreement (1.2344)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = 0.00045 = -$56.25/contract
Contract size to open = 12 contracts
EP to TP#1 = 0.00125 = +$156.25
Expected Result
Commission fee = -$288
Loss = -$675
Gain = +$1,875
Risk/Reward Ratio = 2.77
EUR/USD Future (CME)Trading Signal
Short Position (EP) : 1.2342
Stop Loss (SL) : 1.23455
Take Profit (TP) : 1.23365, 1.23285
Description
E61! formed Double Repo Sell at 30m time frame. Trade setup with sell limit at 0.618 level of FR (1.2342) and place stop loss after 0.382 level of FR (1.23455). Once the position was hit, place take profit half contract size before a first agreement (1.23365) and the other half before second agreement (1.23285)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = 0.00035 = -$42.75/contract
Contract size to open = 14 contracts
EP to TP#1 = 0.00055 = +$68.75
EP to TP#2 = 0.00775 = +$168.75
Expected Result
Commission fee = -$336
Loss = -$598.5
Gain#1 = +$481.25
Gain#2 = +$1,181.25
Total Gain = +$1,662.5
Risk/Reward Ratio = 2.77
EUR/USD Future (CME)Trading Signal
Long Position (EP) : 1.232
Stop Loss (SL) : 1.23045
Take Profit (TP) : 1.23565, 1.23975
Description
E61! formed Double Repo Buy at 4h time frame. Trade setup with buy limit at 0.618 level of FR (1.232) and place stop loss after 0.382 level of FR (1.23045). Once the position was hit, place take profit half contract size before a first agreement (1.23565) and the other half before second agreement (1.23975)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = 0.00155 = -$193.75/contract
Contract size to open = 4 contracts
EP to TP#1 = 0.00365 = +$456.25
EP to TP#2 = 0.00775 = +$968.75
Expected Result
Commission fee = -$96
Loss = -$775
Gain#1 = +$912.5
Gain#2 = +$1,937.5
Total Gain = +$2,850
Risk/Reward Ratio = 3.67
EUR/USD (CME)Trading Signal
Short Position (EP) : 1.234
Stop Loss (SL) : 1.2346
Take Profit (TP) : 1.232, 1.23045
Description
E61! day time frame reached 0.382 resistance of FR. Then, seeking opportunity to entry sell for lower time frame. It formed TTS sell at 1h time frame. Trade setup with buy stop at previous high (1.234) and place stop loss after current high (1.2346). Once the position was hit, place take profit half contract size before an 0.382 of FR level (1.232) and the other half before 0.618 of FR level (1.23045)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$24/contract
EP to SL = 0.0006 = -$75/contract
Contract size to open = 10 contracts
EP to TP#1 = 0.002 = +$250
EP to TP#2 = 0.00758 = +$443.75
Expected Result
Commission fee = -$240
Loss = -$990
Gain#1 = +$1,250
Gain#2 = +$2,218.75
Total Gain = +$3,468.75
Risk/Reward Ratio = 3.50
EUR/USD (CME)Trading Signal
Long Position (EP) : 1.22074
Stop Loss (SL) : 1.21916
Take Profit (TP) : 1.22394, 1.22832
Description
MF1! week time frame reached 0.382 resistance of FR. Then, seeking opportunity to entry buy for lower time frame. It formed Double Repo Buy at 1h time frame. Trade setup with buy limit at 0.618 level of FR (1.22074) and place stop loss after 0.382 level of FR (1.21916). Once the position was hit, place take profit half contract size before an agreement#1 (1.22394) and the other half before an agreement#2 (1.22832)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
0.0001 = +-US$1.25
Commission fee = -$12/contract
EP to SL = 0.00158 = -$19.75/contract
Contract size to open = 31 contracts
EP to TP#1 = 0.0032 = +$40
EP to TP#2 = 0.00758 = +$94.75
Expected Result
Commission fee = -$372
Loss = -$612.25
Gain#1 = +$640
Gain#2 = +$1,421.25
Total Gain = +$2061.25
Risk/Reward Ratio = 3.36
Outlook on EuroExcited to see how this plays out given the Italian election is coming up in a few days.
V1-T1_EURUSD_E6H2018 Futures_Fib Levels ID'd_Weekly prepHello folks! Check out these color coded Fib levels.
The right chart is 1 hour, looking into the details of next week. Dark green ray lines are Thursdays High and Low. Orange ray lines are Fridays High Low.
The daily chart on the left shows the light blue and orange Fibonacci retracement levels.
The light blue is from a partial swing low to a major swing high. It holds some weight but less than the other two.
The orange is from the very low in the bigger picture counter trend pullback (11-07-17) to the highest high. It is very relevant to future movements.
The dark blue seen only on the Daily is very powerful and is ran from swing low to high on the monthly chart (see chart in comments) The dark blue levels are very powerful and should be treated with supreme wait and see mentality.
If we go below the most recent low marked by the red line expect to test the 1.21000 area where the next major cluster of levels stand to hold strong. Supported mostly by .382 level Dark Blue. Notice where the last bottom was put in in relation to the orange fib level. Its obvious the market signaling lower if these lows are breached.
I will continue to position LONG -with trend unless we move below that most recent lows. Looking at the Daily Slow Stochastic we may be about to return to with trend movement and I want to be apart of it.
Trades considered through out the week based on these levels. Stay tuned.
If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated!
Disclaimer: Different data shown. |V1-T1 = Volume 1-Trade 1| Material is educational only. Trade at your own risk!
Want to learn more about Fibonacci Retracements? Read this: www.investopedia.com
Short 6E trade c/w option ideas14 6e direction s Feb 16 2018 entry price 1.24585 comments
or long 1.215 put april for .0033 debit or
short 1.295 call april for .0030 362.5
Valid Cup & Handle?I've never traded this pattern before, but I am long biased this pair, and to me this is as a clear of an example of a cup & handle you could ask for. I'll be trading long if price breaks the high. If anyone has an opinion about this patterns validity I'd love to hear it!
VWAP and Volume on the EURO - short termIf you want to follow the footsteps in institutional traders on the short term looking at VWAP, volume and price action will give you a good clue
