Long on Backtest

First long today after a pullback. Some weird things happening with GU and EU. $DXY $TLT $GLD

評論:

Target for me is the high just before the big drop last week on the 14th, near 1.3440.

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GU futures showing similar

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Thick EMA band in each is a 200 EMA. Not that it really matters I have been testing out the range bars introduced yesterday and I like what I see so far.

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More bounces off this channel. EU looks to bounce big as well and go for the high put in before the big ECB drop 2 weeks ago. EU is in a better position as GU retraced nearly 61.8% to the recent lows.

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I predict a bounce from the May 29 Low (yellow line) and the CAM S3 Week circled in red.

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Pretty hard bounce... added to position just in time.

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Note also that the AB=CD level for this correction is exactly on CAM Weekly S3 as well.

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Combine that with the 1.3200 100 pip interval and there you go, instant 40 pip bounce.

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Can't tell if Carney helped or not. Both EU and GU bounced right off CAM Daily S3 today... yet another channel backtest for GU futures along with 61.8% minor fib retracement. When will this end?

評論:

Getting that bail out feeling on this trade... usually that's right when it reverses higher. GU sitting on minor 78.6% retracement and weekly CAM S4.

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評論:

This is one of those times where I am being stubborn and breaking the rules... there have been too many instances where I have this feeling and I was right and it reversed completely and did the original idea.

I'm not sure if the revisit to the Month S3 can hold this as well as the near perfect 88.6% Fibonacci level.