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Summerset · 19-04-2008, 06:19

Hi Everyone.

Eurodollar seems to be breaking upwards from an ascending triangle. (Chart-A). If the Acceleration cycle (ADX) truns upwards, the issue willbe embarking on a new upleg in the TREND.

Its time to buy the market for the thrust to 1.6700, and trail the buys by keeping stops below an EMA & BB calculated on the daily lows of 5 or 7 periods. (Both are shown on Chart-A).

For more articulate buying, Chart-B is attached.

Try to buy the triangle's bottom of course at 5750, and double at 5685. A buy stop can be placed at 5999.

I am buying the market on a daily basis, with a stop below the registered low < 5700 at 3.5% Risk exposure. It is possible to be stopped of course, and if so, I will re-load market with stop always below registered low.

The 1st target is 6250 (See chart-B). After an extended 3, expect 5 to equal 1, and 6250 to be easily spiked.

Depending on the pattern that develops at 1.618, progress towards 1.67 at 2.618, will depend on duration of the resistance at 1.618, and wether its a support consolidation or resistance. Either case if the trader stays out of the BB-7 on low close - lower band, its safe to trail to 1.67

Profitable Trading

19-04-2008, 06:19	#239
Summerset CFTe Join Date: Jun 2005 Posts: 1,144 Downloads: 0 Uploads: 0 Rep Power: 5	Re: Eurodollar Hi Everyone. Eurodollar seems to be breaking upwards from an ascending triangle. (Chart-A). If the Acceleration cycle (ADX) truns upwards, the issue willbe embarking on a new upleg in the TREND. Its time to buy the market for the thrust to 1.6700, and trail the buys by keeping stops below an EMA & BB calculated on the daily lows of 5 or 7 periods. (Both are shown on Chart-A). For more articulate buying, Chart-B is attached. Try to buy the triangle's bottom of course at 5750, and double at 5685. A buy stop can be placed at 5999. I am buying the market on a daily basis, with a stop below the registered low < 5700 at 3.5% Risk exposure. It is possible to be stopped of course, and if so, I will re-load market with stop always below registered low. The 1st target is 6250 (See chart-B). After an extended 3, expect 5 to equal 1, and 6250 to be easily spiked. Depending on the pattern that develops at 1.618, progress towards 1.67 at 2.618, will depend on duration of the resistance at 1.618, and wether its a support consolidation or resistance. Either case if the trader stays out of the BB-7 on low close - lower band, its safe to trail to 1.67 Profitable Trading Attached Thumbnails __________________ Sincere Regards Summerset ------------------------------------------------------There is no future in any job. The future lies in the man who holds the job.- George Lane. (Stochastics Developer).