March 26, 2013
- in Uncategorized by schooloftrade
Euro day trading plan
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| Euro day trading |
The Euro
anchor chart #1 is trading lower to test the support at 1.2700 which is also a price-magnet
because it’s a big-round-number. This tells
us to sell short with Wave Entry-Triggers on the way down.
 |
| Euro day trading 2 |
The second
anchor chart on euro Futures shows us a lot more detail we can use to take
trades today. First, we see the sideways-trading-range
gives us both support and resistance levels to consider. Second, the double-bottom was made as price-action
fell lower, so this double-bottom is certainly in play as resistance overhead.
anchor chart on euro Futures shows us a lot more detail we can use to take
trades today. First, we see the sideways-trading-range
gives us both support and resistance levels to consider. Second, the double-bottom was made as price-action
fell lower, so this double-bottom is certainly in play as resistance overhead.
 |
| Euro day trading 3 |
The entry
chart on euro shows us with an easy clue to buy the lows of the range from Monday,
take profit-target at the resistance zone around 1.2900 and then trying to hold
a portion of the position (or entering again long) up to the confluence resistance
zone at 1.2965. Its very clear that the
euro wants to bounce off these lows, now we will enter long using our triggers
on the way up, and taking our profit-targets correctly according to our day
trading plan.
chart on euro shows us with an easy clue to buy the lows of the range from Monday,
take profit-target at the resistance zone around 1.2900 and then trying to hold
a portion of the position (or entering again long) up to the confluence resistance
zone at 1.2965. Its very clear that the
euro wants to bounce off these lows, now we will enter long using our triggers
on the way up, and taking our profit-targets correctly according to our day
trading plan.
