March Euro Currency – Multi-Profiles 1-8-18
Breakdown of Today’s Update
Published 1/8/17 10:35 am central:
We are looking at the Euro-Currency today. This is a market that I have discussed for a couple weeks with clients on playing the upside move. We have now broken down through the trailing stops on that trade, and are pushing lower through longer-term bottom zones.
As you can see we have a nice bearish trend in the 60 min and the 30 min time frames. Looking at the 4-hour time frame, we test the bottom zone again and this time broke and have closed several bars below.
This setup is creating a bit of divergence. we are bullish weekly/Daily but the most shorter term time frames on the scanner are bearish and are looking to create new boxes.
Looking at the 60 min and 30 min charts we are seeing navigator showing magenta oversold bars and green tips on the 30. We are also seeing the TAS ratio looking to cross.
This being said I am looking to get long on these top zones being breached and look to trade back to the 4-hour bottom zone highlighted. This could definitely move lower so we will be trailing risk tightly on this market, but believe there is a good chance we could move back to the high volume market map on the 4-hour chart
For further insight into this trade, call use your indicators to bring up the charts and then call your broker if you are under a hybrid arrangement.
DO NOT MISS – Grow 2018: A Technical Traders Workshop: Click Here for Details
Make sure to sign up for my LIVE MDA SnapShot Webinar every Wednesday. You will be able to see all of these tools in real time, as well as, the markets and time frames you want to watch with instant analysis. Even if you cannot attend live, sign up, as you will get a recast email of the event.
- WEBINAR Sign Up: https://www.danielstrading.com/webinar/mda-snapshot-pre-market-chart-analysis
- Webinar Recasts: https://www.danielstrading.com/mda/recasts
Below you will see published updates from the Market Dimensions Advisory. These are sent in real-time to subscribers. Do Not Miss them going forward, subscribing below for FREE. These blog updates are showcasing the levels and positions that potentially could be executed by traders who are following the MDA SnapShot updates.
If you would like to follow these trading alerts in real-time and have the ability to speak with me, you will need to subscribe to the newsletter and become a client of our firm.
To get these updates sent directly to your inbox, please SUBSCRIBE Below.
Contact me directly @ 800-958-9571 or via email: email@example.com
SUBSCRIBE: (Copy Paste into Browser): http://buff.ly/1KHifiZ
Below the updates, you will see the original charts showing buy/sell zones
Subscribe to Market Dimensions Advisory – Free Edition
Market Dimensions Advisory – Free Edition - Market Dimensions Advisory leverages insights gained from working with professional traders, commercial clients and institutional businesses paired with an understanding of market relationships, order flow and trading volume, along with news, trends and seasonal info, to give you a "3D view" of trading.
Market Dimensions Advisory – Free Edition includes an email newsletter subscription.
Market Action Scanner
The Market Action Scanner is a premier Market Profile based scanner powered by the acclaimed TAS proprietary algorithms. Sign up for a 14-day trial to Market Action Scanner!
STOP ORDERS DO NOT NECESSARILY LIMIT YOUR LOSS TO THE STOP PRICE BECAUSE STOP ORDERS, IF THE PRICE IS HIT, BECOME MARKET ORDERS AND, DEPENDING ON MARKET CONDITIONS, THE ACTUAL FILL PRICE CAN BE DIFFERENT FROM THE STOP PRICE. IF A MARKET REACHED ITS DAILY PRICE FLUCTUATION LIMIT, A "LIMIT MOVE", IT MAY BE IMPOSSIBLE TO EXECUTE A STOP LOSS ORDER.
THE RISK OF LOSS IN TRADING COMMODITY FUTURES AND OPTIONS CONTRACTS CAN BE SUBSTANTIAL. THERE IS A HIGH DEGREE OF LEVERAGE IN FUTURES TRADING BECAUSE OF SMALL MARGIN REQUIREMENTS. THIS LEVERAGE CAN WORK AGAINST YOU AS WELL AS FOR YOU AND CAN LEAD TO LARGE LOSSES AS WELL AS LARGE GAINS.
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.