As I am getting ready for my live trading room on you tube, I came across these setups on USDCAD. This is probably my favorite thing about advance patterns, and that is; bracketing the market. The bearish cypher will potentially complete @ 1.3190 and the bullish bat will potentially complete @ 1.3090. Now if you trade advanced patterns, you can set your buy and...
As I am getting ready for my live trading room, I came across this very nice butterfly pattern that will complete at this major structure level. Now I normally don't trade butterflies, due to the fact that they complete below X, and this is where i place stops on the other advanced patterns I trade. But when I get a setup like this, well now I have a structure...
There is a nice setup here on NZDUSD. You have a potential bearish Gartley Pattern which will complete at .73013. Now in the other direction, you have a potential bullish Bat Pattern which will complete @ .72295. Both of these pattern offer good risk/reward and the best part is you can set your orders and then sit back and wait for one to get filled. As always,...
I just put out my weekly review and preview video. In the video I covered the array of patterns that we have potentially setting up on the EURUSD. There are two potential bearish bat patterns and one bullish cypher pattern. I you would like to see the video, here is the link: youtu.be Good luck and good trading!
As I was just going through some charts getting ready for the live trading room, I came across this Bearish Cypher Pattern. The pattern will potentially complete at 1.3350. Minimum stops need to be above X at 1.33873 with target 1 at 1.32995 and target 2 at 1.32668. If you would like to join me for the live stream, here is the link: www.youtube.com Good Luck and...
Very nice trend continuation setup on XAUUSD. This is definitely a longer term hold, but if you have the discipline and patience to hold on to it, this could be a very good trade. Price action is putting in a double top right at the 38.2 Fibonacci retracement level which happens to line right up with a nice support level to the left. Now we know structure acts...
I just put out a video breaking down the GBPUSD. On the chart here we have a massive Potential Cypher Pattern. Now although I trade Cyphers, I cannot enter into any trade with more than 100 pips of risk per my trading plan. So instead I am going to use the Cypher pattern as part of my overall technical scoring system. Now along with the Cypher you also have a...
I put out a video breaking down this massive potential Bat pattern that is potentially setting up on EURUSD. This Bat pattern will potentially complete at 1.08126. Minimum stops need to be above X at 1.08734 with potential target 1 at 1.06370 and target 2 at 1.05255. Now the really nice thing about this pattern in particular is where it will potentially...
I put out the Bearish Cypher idea just a couple hours ago. If this Cypher gets filled and rolls over to Target 2 at the 61.8 Fibonacci Retracement, you will have a Bullish 2618 setup. Now the exact entry for the 2618 might be a little different depending on how far the market pushes up, but as long as it doesn't blow out the cypher pattern, you will have a nice...
Right now i'm getting ready for my live trading room stream, and I came across this bearish cypher pattern here on EURJPY. This will potential complete @ 122.531. Minimum stops need to be above the X-Leg. Here on the chart I have my stops at a 1.130 fib inversion of the X to A leg. Target 1 will be at the 38.2 fib retracement and target 2 will be at the 61.8 fib...
As I was looking over my charts getting ready for my live trading room stream, I found these two potential opportunities on USDJPY! Both are bearish and both can be used as an alternate entry for a trend continuation trade to the downside. The first cypher in blue, will potentially complete @ 114.854. Minimum stops need to be above X at 115.442 with the...
On the NZDUSD there are two potential Bat Patterns. You have a smaller bearish Bat pattern that will complete at .70373. The bigger Bullish Bat pattern will complete at .69029. As always minimum stops need to be beyond the X-Leg with target 1 at the 38.2 Fib Retracement and target 2 at the 61.8 Fib Retracement. Good Luck and Good Trading
As i am getting ready for my live trading stream i spotted this bearish cypher @ market. So if you want to see more setups and ideas like this, or you just get bored trading by yourself. Come join me on the live stream www.youtube.com Good Luck and Good Trading
All of you day traders out there that trade the cypher pattern, you got a potential setup here on the EURUSD. The pattern will complete at 1.0598 and minimum stops need to be above the X-Leg at 1.0622. Target 1 will be at the 38.2 at 1.0564 and target 2 will be at the 61.8 at 1.0544. Good luck and good trading
Now last week I went short on this pair and banked a couple hundred pips. I just put out a video on how I will be looking to do the same thing this week. youtu.be I do believe that its not out of the realm of possibility to see this pair retrace down to 111.000. Which as you can see is only a 38.2 Fibonacci retracement of the entire leg up. Here on the...
Well here on the GBPUSD we have a potential bearish bat pattern setting up. This is an excellent example of why I love bat patterns. The main reason I love them so much is the risk to reward ratio (depending on what kind of stops you use). Now I use a 1 ATR stop on my bat patterns, and this will give me better than a 1.5 Reward/Risk ratio to target 1 with a 2.5...
I just put out a video going over my results from 2016. Although 12% is not the greatest return, considering how crazy this last year was, if you broke even in 2016 it should be celebrated. Here is the link to the video if you are interested. youtu.be Now on the chart here, we have a massive potential cypher pattern on XAUUSD. Now I don't actively trade this...
We are currently taking our break right now, but during our live trading that we are doing today in the Live Pro Trader Workshop we came across this bearish cypher pattern on the EURUSD. Now this one has an inverse risk/reward ratio, so you need to follow your rules to see if this meets your risk profile. For myself personally, this pattern has such a high win %...