December 6, 2012
- in Uncategorized by schooloftrade
Euro Futures Day trading plan
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| Euro Futures Day trading plan |
Euro Futures
are STILL trading at the highs of this price-wedge and we are sluggish and
sloppy at these highs. It definitely looks
like a selling opportunity, but at the same time we can tell something is
likely to happen soon, we just don’t know which way the ECB report and news
from the press conference today will move this currency.
are STILL trading at the highs of this price-wedge and we are sluggish and
sloppy at these highs. It definitely looks
like a selling opportunity, but at the same time we can tell something is
likely to happen soon, we just don’t know which way the ECB report and news
from the press conference today will move this currency.
If price
rises higher we are going to have a hard time buying into the resistance at the
highs. We want to wait for a price-reversal
and the opportunity to sell short at these highs. Above the PHOD 1.3128 will be a potential
level for a fake-out-breakout but if we stay above this PHOD we are bullish and
buying pullbacks.
rises higher we are going to have a hard time buying into the resistance at the
highs. We want to wait for a price-reversal
and the opportunity to sell short at these highs. Above the PHOD 1.3128 will be a potential
level for a fake-out-breakout but if we stay above this PHOD we are bullish and
buying pullbacks.
If the euro
moves lower we have the high-percentage-trades selling short using our wave-pattern-short
below the PLOD 3047. Targets below us
for the sellers will be 3000, 2980, and then down to the middle of the range at
2900.
moves lower we have the high-percentage-trades selling short using our wave-pattern-short
below the PLOD 3047. Targets below us
for the sellers will be 3000, 2980, and then down to the middle of the range at
2900.
