Short-Term.....Swing Trade (Set-Ups)

[marketwavez]

Euro - has also has broke through these 2 upper Resistance lines ......

Can price stay above them for this entire week ?... Hmmm? ...

Old Fashioned Trendlines .....

Do they Still work ?............

////////////////////////////////////////////////////////////////////

[andwin]

Keep up the great posts Mwavez. Enjoy your insight.

Looking for an entry to get in long Eur for a possible move to 3230.

Entry long 2 lots at 1.3125

Stop at 1.3100

Take off first lot at 1.3178 move stop on second lot to breakeven.

Take off second lot at 1.3230

Happy trading

[andwin]

Originally Posted by win

Keep up the great posts Mwavez. Enjoy your insight.

Looking for an entry to get in long Eur for a possible move to 3230.

Entry long 2 lots at 1.3125

Stop at 1.3100

Take off first lot at 1.3178 move stop on second lot to breakeven.

Take off second lot at 1.3230

Happy trading

Trade cancelled missed entry

[andwin]

shorting 2 lots at 1.3255

stop 1.3280

take of one lot at 1.3100 stop to breakeven on second

Take off second lot at 1.2982

[RIHFX]

that looks good win i think i will take some lots off my long if it does'nt break thru 1.3255

[andwin]

Originally Posted by win

shorting 2 lots at 1.3255

stop 1.3280

take of one lot at 1.3100 stop to breakeven on second

Take off second lot at 1.2982

Here is a pic of the play.

[marketwavez]

The Euro- this time

the Head Shoulder Top formation for yesterday has now nulled !
It is no more - Now its trurned into a failed H& S Top ...

Now its gone Skyward again.......

------------------------------------------------------------
Now we appear to have also broken out totaly ....

Shorts please be cautious .......

KEEP - Those Proptective Stops tight !
--------------------------------------------------------------

[marketwavez]

Again another up day for that Euro.....When will it stop ?

-----------------------------------------
What is going on ? ......
As I was saying in the above post yesterday
anyone Short in this evironment is to keep those stops tight !

-------------------------------------------------------------------------
Top picking in the is very nerve racking theses days -

I did it once this week I had enough
now its all about watching these days than it is to be about trading .
Elliott Waves is a contrarian method it is not a Trending method...
So try to be very aware of this as you look for your entry points .

As for me my thinking is ////////////////////

-There is nothining really bearish about the Euro until
we can see a solid break below 3100 .....
This is the only number that matters for the Shorts going forward
as far as i am concerned ................. Happy trading all !


( Here are 2 chart updates for today ....)