MDA Update: Long Swiss Franc, Short US Dollar Trades Reviewed, 10/13/17
Andrew Pawielski - IF - Fri Oct 13, 9:20AM CDT
Long December Swiss Franc – Short US Dollar Index Chart Updates
CLICK IMAGES TO OPEN CHART CONTENT
10/13/17 – Chart update showing long position
10/13/17 – Chart Update Showing US Dolar Short Position
Breakdown of Today’s Update
Published 10/13/17 9:00 am central:
I released 2 currency updates recently. Here are the updates to these positions.
We had a bullish CPI report this morning that pushed the stock market higher and has pushed the USD lower and other foreign currencies higher like the Swiss Franc.
10/10 on the Bull/Bear update – Selling the USD index
10/10 – Bull/Bear update Buying Swiss Franc and 10/11 – SnapShot Buying Swiss Franc
Long Swiss Franc (10/10/17 and 10/11/17 updates) @ 1.0290 or 1.0309
10/13 Session High @ 1.0343 (+93 cents or $930 per contract before fees)
Risk – move below 240 bottom – Looking for market to break daily top zone
Short USD Index (10/10/17) @ 93.000
10/13 Market low @ 92.590 ( +41pts or $410 per contract)
Risk – move to entry. We are starting to attempt to break the 240 min bottom. Could be potential resistance but if closed below another bearish leg lower
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.
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
Market Dimensions Advisory – Get Inside the Mind of Commodity Market Professional Andrew Pawielski! The Market Dimensions Advisory leverages Andrew’s own live trading and a career of working directly with professional traders, commercial clients and institutional business. This deep understanding combined with countless hours of technical market analysis have made Andrew proficient with trading execution and the trading process.
Market Dimensions Advisory includes an email newsletter subscription.
Subscribe to Market Dimensions Advisory
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!
Contact Daniels Trading
To open an account or request more information, contact us at (800) 800-3840 or firstname.lastname@example.org and mention Andrew Pawielski.
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.
The post MDA Update: Long Swiss Franc, Short US Dollar Trades Reviewed, 10/13/17 appeared first on Daniels Trading.