EURUSD 6E Euro | Currency Futures


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EURUSD 6E Euro

  #481 (permalink)

Volcano, HI
 
Trading Experience: None
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Futura2000
 
dakine's Avatar
 
Posts: 197 since Dec 2009
Thanks: 389 given, 147 received

@Fat Tails

Chart 3 What does the purple zone represent, is that the previous days range +SD1 to -SD1? How about the dotted orange line?

Chart 4 What is the Support Zone derived from? Is your daily volatility target indi available for download?

Thanks for your help.


Fat Tails View Post
Chart 1 show that zhe bottom of the range established on Monday was tested yesterday, and now it is going up.

Chart 2 shows the trendline break which occured on Monday morning. I would expect a restest at some stage.

Chart 3 shows the daily trend. When price is on the orange side of the value zone the trend is confirmed. When price is on the purple side of the value zone, the trend may change.

Chart 4 shows that 6E has now reached its daily volatility target and formed a reversal bar, time to exit part of the position.Note that there were only three reversal bars detected on the whoe chart. All have promiment positions.


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