do you have some level to suggest? either supp or res ... i've really appreciated your indications during these days, and that's defenitely why i've started to post here my thoughts ...
ciao
The View Down River
- Thread starter downrivertrader
- Start date
do you have some level to suggest? either supp or res ... i've really appreciated your indications during these days, and that's defenitely why i've started to post here my thoughts ...
ciao
EURO FUTURES (ECH06)
I have a lot of mixed signals and I will most likely sit today out. If things take off and it changes I will try to let you know.
Here are the major levels I see for now.
1.1963 R2
1.1902 R1
1.1865 Ebb Tide
1.1849 S1 (This could be a good long entry)
1.1765 S2
Depending on violatility over the next hour, I will update.
DRT
Keep your eye on spot. If price pushes thru the 1.1864 level, watch for the pullback to this level. If it holds this should be a nice long set up.
I have a lot of mixed signals and I will most likely sit today out. If things take off and it changes I will try to let you know.
Here are the major levels I see for now.
1.1963 R2
1.1902 R1
1.1865 Ebb Tide
1.1849 S1 (This could be a good long entry)
1.1765 S2
Depending on violatility over the next hour, I will update.
DRT
Keep your eye on spot. If price pushes thru the 1.1864 level, watch for the pullback to this level. If it holds this should be a nice long set up.
Good morning everyone.
Well we saw a low of 1.1828 this morning. I thought that the 1844 level would hold but it did not.
The market is now at about 1849 as I write this and the action here suggests that we are going to spike lower before this is over.
I think we may see the 1784 level yet and maybe as low as 1730 today.
1865 will have to be breached before I will want to establish any long positions or....a fall to the 1730 + area. My view is that there will be very little further downside risk if we reach this level. I welcome any comments concerning this view.
Key resistance I think is in the 1883-85 area with support 1.1825, 1.1810 and 1.1785 next. This last level marks the bottom of that channel we see on the daily charts during the November/December time period.
My overall view has not changed. We are going higher with my initial target at 1.2650.
The question is, where to get in.........
Has anyone else changed their intermediate term views?
Good luck to everyone.
Well we saw a low of 1.1828 this morning. I thought that the 1844 level would hold but it did not.
The market is now at about 1849 as I write this and the action here suggests that we are going to spike lower before this is over.
I think we may see the 1784 level yet and maybe as low as 1730 today.
1865 will have to be breached before I will want to establish any long positions or....a fall to the 1730 + area. My view is that there will be very little further downside risk if we reach this level. I welcome any comments concerning this view.
Key resistance I think is in the 1883-85 area with support 1.1825, 1.1810 and 1.1785 next. This last level marks the bottom of that channel we see on the daily charts during the November/December time period.
My overall view has not changed. We are going higher with my initial target at 1.2650.
The question is, where to get in.........
Has anyone else changed their intermediate term views?
Good luck to everyone.
All levels in my previous post are for the spot market.
Although I trade the futures market all of my analysis, such as it is, is based on spot market pricing.
I am considering changing my account to trade only the spot market and welcome any comments and opinions as to which offers the best trading environment for us, the currency traders, spot or futures?
Although I trade the futures market all of my analysis, such as it is, is based on spot market pricing.
I am considering changing my account to trade only the spot market and welcome any comments and opinions as to which offers the best trading environment for us, the currency traders, spot or futures?
Buy1Sell2
Fair enough.
I will be long if we manage to trade and stay above the 1865+ level. As safer trade could be initiated if we trade above the 1883+ level.
My original downside target posted last week was 1784. If we reach that area I will consider a long position as well, simply because I don't think we will have much in the way of downside risk if we spike this area.
In any case, my bias is to the long side. My view is that we are at the end of the downside move here and should be oriented to the long side.
I was long this morning at 1850 (spot) but closed it out when we were unable to hold above the 1865+ area.
Please let me know if you think this is a reasonable view. I would appreciate your comments.
Good luck
Fair enough.
I will be long if we manage to trade and stay above the 1865+ level. As safer trade could be initiated if we trade above the 1883+ level.
My original downside target posted last week was 1784. If we reach that area I will consider a long position as well, simply because I don't think we will have much in the way of downside risk if we spike this area.
In any case, my bias is to the long side. My view is that we are at the end of the downside move here and should be oriented to the long side.
I was long this morning at 1850 (spot) but closed it out when we were unable to hold above the 1865+ area.
Please let me know if you think this is a reasonable view. I would appreciate your comments.
Good luck
I don't intend to upset anyone who is trading spot successfully but I prefer futures...
I like the orderly, regulated world of the CME......trading profitably is hard enough without having to worry about the environment you trade in...all IMHO of course....
Reasonable and we're getting closer to the meat of the issue. In all fairness to us though and to you as well, we need more than just the long bias and general targets. If it trades and stays above a certain level, or drops to a certain level, just take a moment and post the trade as you actually do it. I need to establish your credibility and keep you honest in your posting. Otherwise the targets mean nothing.
If I can get a fill around 1.844-1.1847 I am going to go long