Hey Traders, rather boring day today, unless you were initially short or were playing the channel on the tick chart posted in intraday analysis. A lot of ambushes were dirty and tape was overall choppy.Here is end of day trend summary: Euro trend has been bearish all the way since Friday and has found support…
Category: EC (6E) Euro
Euro currency trading discussions
Monday March 30 Intraday Emini Analysis
Update 3:17 pm EST:testing the top of the daily channel now Update 1:50pm EST:New lows, no new low $tick, if you were to play the box, the target of this trade is 774 (bottom of the lower box) Update 1:33pm EST:ES Box Trade anyone? Update 1:19 pm EST:ES continues to shop around the lows, watch…
Sunday March 29 Intranight Analysis
Good Evening Traders, just posting some things as I see them 2:06 AM EST: ES is now pushing down against the 10,000,000 contracts LRC channel, suggesting the move is getting overextended to the downside short term, be careful entering new short positions and watch for a bounce in the 796 (ambush) 798 (S2) area 1:18…
Friday Morning Trends / Update
Good morning again, doesnt take a genius to figure out that with futures down 11 and euro down over 200 pips that most trends will be pointing down , and most of them are down the line:Also keep in mind that we are approaching crossroads on the ES as mentioned in Last daily update, still…
Weekly Summary for March 30 – April 3
Even though I personally do not trade long term, or even swing trade, it is always good to know where we are on the weekly time frame: ES has put in a first green weekly trend candle, if we do resolve to the upside this week producing another green candle that would be rather bullish…
Daily Summary for Monday March 30
Hey Traders, futures open in about 6.5 hours and kick off a big week which will give us some more direction as to where the market will go intermediate term, with trying to chop everyone up in the process of course.Here is what trend summary looks like at the close on Friday March 27: After…
WOW Euro
Wish I was up for this 300 pip overnight move, but had to get some sleep, the set up even though a little dirty on the previous post, did mark the top of the move within 25 pips. Good morning and good trading to all today, will keep you posted p.s. Euro Appears to be…
Ambush At Resistance On Euro
Update 9:42pm: Ambush level got a 19 pip bounce as of this writing, enough to hit first target and secure limited risk trade on remaining position. Ambush setting up on previous resistance of yesterday
Thursday Market Trend Summary
Update 12:43 EST: While ES has remained rather bullish at kept plugging away at new highs , up until this moment, EC charts are starting to look more bearish. Update 8:00 am EST:So far ES is in uptrend / bullish on all 5 time frames, euro is bullish on all 5 times frames also and…
EC Wedge
Update 11:30am: this one played out false break out way and paused at the pivot. Euro is consolidating into a tighter range, usually followed by a large move. Trading above the pivot and overall bullish outlook on the Euro, suggests it could be to the upside, either way watch for break either way and be…