? . My high is 2730 , how'd you get filled at 32 .

6EU2 contract ?



Mike

Short Euro 2732 stop 2772, target 2625.

Mike

Mike,

I can see why you would have gone short 1.2732, and would like to see a pic of your chart.
What made you decide to go short at that exact point?

... as the market closes, 2367 target is safer ... unless you want to flow into Asia; and anything can happen @ Asia


Lolu

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Good ticks accumulating thus far,

If we near 1.28 on Friday or Sunday beginning on the open @/near 5pm est I will then take profits (66%) and wait for another pullback--perhaps quite deep after Sunday night; then yet again move powerfully to the upside beginning after 10am est on Wed. June 20th...

This is how I trade a monthly cycle low; I am in on moderate and deep pullbacks within an established uptrend AFTER I have confirmed the bottom (that is still holding). I am out majority 2/3rd's on impulsive upmoves to NEW highs. Then I work my way back to 100% allocation on said moderate and deep pullbacks.

On a trade that I put on (since I am trading more than 3 contracts) I go in 10 (16.5% of total position)/20 (33% of total position)/10 (16.5% of total position).

5 for the 'moderate' pullback zone I 'expect' will reverse. If I am a bit early I then put on 10 within the deeper pullback. When we have cleared my entry zone that I put 5 on; I add my final 5 on confirmation of the initial trade.

Recall, I have a MONTHLY cycle low for 6E (which means it has until the end of the month to confirm); it could continue up to 1.28'ish' and then have a volatile Sunday night through Tuesday {shaking out smaller retail players} then stabilize througout the rest of June, building strength for a MULTI-MONTH advance off of the Monthly Cycle Low.

That is how trading a 'monthly' cycle high/low works. Same with Weekly & Daily respectively (it is all fractal).

I look forward to the next 10 market days of volatility; the planets have built up some torque: time to release the hounds!!

peace

hedvig