TheStrategyLab.com key charts and their stories for active traders of CME EuroFX EC futures

Trade History

Trade Strategies

Discussion Forum

Chat Room

Testimonials

Disclaimer

Posted: February 20th Tuesday @ 9:12pm est 2007

Key Market Day

Key Market Day does not imply that the particular trading instrument discussed below will continue in the direction of the pattern signal.

It implies that the pattern signal occurred on a trading day that had impact into the direction of the pattern signal via either a key economic report, key regular schedule market event, key geopolitical event, market seasonal tendency (cycle) or the price action of another key market.

-----------------

This pattern signal that a client took was actually a contingency plan signal from the trading report after a failed prior Long signal.

Therefore, this is an excellent example of why trade management after entry is so critical to the success of a profitable trader because too many newbie traders spend far too much time on tweaking their entry signal instead of developing a trading plan for the price action after entry.

With that said, the confirmation signal shown on the below chart confirms the downtrend will continue lower especially since the confirmation signal is also a volatility spike to signal a change in supply/demand.

A change in supply/demand doesn't just imply that supply is changing to demand or that demand is changing to supply.

It also implies that the momentum and large prints is putting pressure on a particular side of the market to clear the way for a trend continuation price action.

Also, any one trading the EuroFX futures must learn that most successful traders are also following the U.S. Dollar Index (not futures) chart for pattern signals into the EuroFX or Forex EurUsd.

Just the same, if you want to prevent missing profitable opportunities as a trader of Forex EurUsd, you should be following the CME EuroFX futures and the U.S. Dollar Index.

Trading Instrument: CME EuroFX EC Futures

Price Action Pattern source: Swing Trading Report (STR)

Click on chart to view actual size

If you have any questions about either the price action involving the pattern signal or the pattern signal itself...

You can send an email to questions@thestrategylab.com

Also, to view the archives of what we consider to be key market days along with the clues associated with the key price action...click here.

Disclaimer: The above chart in the key chart stories is for illustration only and they represent trades (real money or simulator) of those traders that have access to either our profitable free strategy, trading reports or trading manual.