Note
Closed my long from 1.1700 this morning. The S4 Daily pivot breakout to the weekly pivot (Weekly P circled) and then backtesting the S3 Daily pivot is a classic Camarilla move. I sold on that Daily S3 from 1.1700 entry, now I will just wait.
Note
Closer up. So just a quick 35 pip trade or so. Note
Possible scenario I see happening here before shorting. Note the 200 SMA 1HR just below the weekly pivot (circled). Note
Very Nice. Almost there and I will exit this long. I am not sure if this was news related or just a huge confluence of support combined with a rug pull. There was a rug pull on UJ at the 111.30 mark again as well. The top continues to be heavy resistance this week with the primary pitchfork top rail, the Month CAM R3, and the weekly CAM R3.
Notice that the recent retracement was near exactly Weekly R3, to Weekly S3.
Note
Took 1/3 off the table here at the month pivot (circled left). Note
A nice linear regression channel has formed that has encapsulated the current move down from the relative top put in earlier this week. Note
Whoops those are EU futures, but same idea.Note
EU spot even better, a triple rejection of the 200 SMA 1HR, the midline of the channel, and Weekly CAM S3. Note
Yesterday's add near 1.16950 was correct. Moved stop down to today's high: 1.16750.Note
Shorting another 2 lots here at the intersection of the descending pitchfork and yesterday's close (horizontal yellow line). The moving average shown is 'special'. :) Trade closed: stop reached
Stopped out. It was fortunate that the last add was around the stop set earlier. Total pips was about 65-70.
Find the edge.
Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
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Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Find the edge.
Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.