September 11, 2012
- in Uncategorized by schooloftrade
Morning Euro Checklist:
Heat Map
Review:
Heat map
says a bullish 0.3% so we know to be a buyer on euro futures until something
changes.
says a bullish 0.3% so we know to be a buyer on euro futures until something
changes.
Overnight
Highs & Lows:
Highs & Lows:
The Sellers
never even tried to test the lows.
never even tried to test the lows.
The buyers
are in process of breaking the highs.
are in process of breaking the highs.
if the
buyers can close above the overnight highs we are bullish.
buyers can close above the overnight highs we are bullish.
if this
price cannot stay above overnight highs we are bearish.
price cannot stay above overnight highs we are bearish.
Inside or
Outside Day?
Outside Day?
Outside day
above the PHOD we are bullish because of this.
above the PHOD we are bullish because of this.
Find the price-structures:
· Trigger-zone is resistance above usand support below us.
· Price-wedge is bullish
· Price-channel is bullish
Wherewill a reversal be likely today?
At the highs
of the price-wedge and the PHOD. If price
comes down off these highs we will likely see support at the PLOD and look for
another price-reversal back up again.
of the price-wedge and the PHOD. If price
comes down off these highs we will likely see support at the PLOD and look for
another price-reversal back up again.
What is
our trading plan for today?
our trading plan for today?
Above PHOD we are buyers, using the wave-pattern-long, and
below the PHOD we are selling short with a price-reversal pattern such as the
2-step.
below the PHOD we are selling short with a price-reversal pattern such as the
2-step.
