DislikedEJ:
056 pips profit on ES2 = 115.25 closed at 114.65.
132 pips profit on ES3 = 116.01 closed at 114.65.
This leaves ES1 = 114.42 still running.Ignored
54 pips profit on ES1 = 114.42 closed at 113.84.
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DislikedEJ:
056 pips profit on ES2 = 115.25 closed at 114.65.
132 pips profit on ES3 = 116.01 closed at 114.65.
This leaves ES1 = 114.42 still running.Ignored
Dislikedwhile this (chart) just can become an long setup on EU, I'm wandering is it ok. my worries are about no major support below PA. that thik red line I draw comes from few higher chart summits from May. but we have an resistance at 1.4160-1.4170 level.
what others are thinking about it?
AttachmentIgnored
DislikedEU:
Anyone remember ddaytrader's post and chart about a "Money In Bank" trade? Well, we might be seeing one develop right now on EU.
For a long trade, the concept is for PA to stab below a major S&R area (as a whole number) and very quickly bounce back up. This tells you the BBs just manipulated the price down to run stops and go long. The price will climb for a while, but wait for a higher low to develop. This will all likely happen below the Dragon. On the higher low, enter long. It is an early entry, not a pure SonicR entry, because you...Ignored
DislikedEU:
Entered long EL= 1.4100. This is not SonicR. It is like Sonic Scout, but without benefit of volume study. It is based instead on PA at S&R. In this case, PA made a dash below whole number S&R and quickly returned....twice! Look at the lower wicks on those two drops; nice and long they are.
So, this looks like PA is setting up for a bounce up off the whole number S&R area.
No SL is yet set becasue there are multiple USD high impact releases coming and there could be some whipsawing. This is high risk because I am counting on a PA WAVE...Ignored
DislikedEU:
Added EL2 = 1.4088 to the trade.
This might look like the "higher low". But heed Sonic's advice above. Be sure the higher low is set in, with the Dragon above. For all we know, when the releases hit, the BBs might spike it down again, lower.Ignored
DislikedEU:
Bingo! Looks like it is going, now. PA tested multple times the whole number support, and bounces. So far, it looks good.Ignored
DislikedIgnored
DislikedEU:
Added EL2 = 1.4088 to the trade.
This might look like the "higher low". But heed Sonic's advice above. Be sure the higher low is set in, with the Dragon above. For all we know, when the releases hit, the BBs might spike it down again, lower.Ignored