Synopsis If you trade Forex then you know the weekends are the best time to analyse the market. Everybody likes to talk about how volatile EURUSD is, but what they don't tell you is that the market is ranging a good 80%-90% of the time; good deals do NOT last long. In fact, half of a days price movement can play out in 15-45 minutes, It's that fast. The best...
Horizon entered short right around current price. It looks like an inverted H&S is forming on the 10 and 15 too. This is would be a strong bullish signal. Let''s see how things develop during the NY session.
Horizon says go long, this is trade #2 of the forward test of my new strategy
only 2 things can happen from here. A rejection or a continuation. We'll know which by 8-10 am
Price has been oscillating around this regression line for the past 2 days, the pattern won't break until we see a strong rejection at regression. My moneys to the downside.
This strategy is hard to post because it's market specific and relies on high resolution charts like the 5 and 10-minute. That said, Horizon has been able to turn well over a 150% profit in just 3 months trading EUR/USD . Risk is just 2% of account balance and the max draw down is just under 9%! Growth is very consistent! This strategy is currently in short...
(Price is below the average, and market bias is still very bearish long-term) EU institutions aren't going to let the Euro fall any further without a fight, while a strong dollar is the only current remedy for the inflation we're seeing here in the US. I think support's too strong at the moment, which is why I see price heading back to supply. Hopefully we can...
This is what I need to see from the bulls before I get in long. I need to see my demand zones broken (you need to take my money), I need to see an MA cross on the 10, I need to see a close above my Alligator and my Slow MA, and I also need to see a close above the last high, I also need to see price move 63 (yes 63) pips beyond the the point that the fast ma...
The chart is misleading because my signals are coming from the 10 minute (picture below) but I'm back within 20 pips of the Gator jaw line, and my fractals and %K are confirming hidden divergence.
I mentioned earlier that I missed my entry this morning, but this is how my trade would be progressing. This is the "trend mode" setup to my automated strategy I'm working on, I rely on the alligator as well as a slow and fast ma with dynamic profit targets (in pips) projected below the fast average. Entry comes when price is within 20 pips of the jaw line. In...
This is the third iteration of this pattern, and it looks too obvious, which actually makes me nervous. I don't like that the Gator is crossing the slow MA, I like to see it below the MA, because that's usually my last line of defense for my short setups. I overslept this morning and missed my entry, but it'll still be interesting to see what happens today, looks...
Just off the strength of the fact that a downswing under the slow MA (in yellow) hasn't come for over 3 days. Prices have been slowly pushing higher, but yesterday we saw a big rejection of the regression line (in blue). Please forgive all of the craziness on the chart, it's for an automated strategy I'm working on. I see price breaking through the slow MA,...
Price is still below the 4-hr t line, and is falling below the 15 minute t line as well. I'm looking for price to make a move toward demand, and get in on this long term trend back above both t lines. I'll exit when I see some divergence accompanied by a break of structure.
Price has dropped below multiple t lines on every time frame. A long move is coming, waiting for divergence first. For now scalpers are probably better off going short. If you weren't in short late yesterday evening you missed out on 20-30 pips.
For years, I've been focused primarily on support and resistance , supply and demand , and chart patterns, and it's been profitable, but over the last few months I've been really inspired by traders using Digital Signal Processing as well as divergence and linear regression in their strategies. I've been looking to work off some of the concepts explored by groups...
We're below the average, bullish chart pattern, K% shows bullish divergence, demand zone respected. This looks like a winner. I'm still waiting on my lower close, doesn't look like it's coming. I'm going long *gulp*
Waiting for price to clear this pattern if not it's a no go for me.
A triangle is a continuation pattern, and the current trend is long, so this breakout, aside, depending on where we close, price could snap right back up through resistance. I would wait to get in short until a few more lows get cleared!