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Launch Chart
21 hours ago
AUDUSD, D Neutral
26 2108
AUDUSD IS AT A MONTHLY TREND LINE.

Buying the breakout is a great idea.
Divergence in play.
8 hours ago
EURUSD, 60 Long
18 518
In one of my previous posts on this pair, I talked about this bullish bat (see Related Ideas: " EURUSD: Almost Completed Bullish Bat May Signal End Of Wave 4") https://www.tradingview.com/chart/EURUSD/cwfY7Zp0-EURUSD-Almost-Completed-Bullish-Bat-May-Signal-End-Of-Wave-4/

Now the bat has been filled. In addition, I have readjusted my wave count and it shows that now the wave (v) of the ABC 5-3-5 zigzag pattern may be completed and that wave 4 has just stopped short of the wave 1 end point. This is a good place to get LONG on this pair. The upcoming wave 5 should be pretty interesting!

For those that are more conservative, waiting until prices actually break through the channel it is currently in (see Related Ideas: "EURUSD: How To Trade The EUR") would be wise. However, I trade what I see. And with the completed bat and my wave count, my charts is telling me to BUY.

MY TRADE PLAN
Since today is Friday, I'm not expecting any major move here. And in addition, by taking this trade now, I will be holding it over the weekend. So there is always the risk of this market gapping down on Monday open. But that is a risk I am willing to take and more importantly, that my trading plan allows me to take. Never break any of your trading plan's rules. Not taking the trade now would not be a bad idea and waiting until the market opens on Monday would be wise as well. By doing so, being that it's Friday, I don't think it would make much difference. But to each his own.

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I will know my posts are useful to you. Doing so will encourage me to post more! As always, all constructive comments are welcome. Agree or disagree.
1 day ago
USDCAD, 60 Long
16 561
Now taking the completed bat trade. Price are also sitting on the bottom trend line of the ending diagonal pattern as seen on the higher TF. This next move up could be the final wave of the wave iii on the higher TF.
15 hours ago
GBPUSD, D Long
7 741
Usually I share EURUSD ideas with you guys, but I wanted to switch it up and look at something different since the Euro is still playing out yesterday’s prediction. (By the way, if you want to see a breakdown that we’ve been doing on it over the past few days in my live trading room check out this video https://www.youtube.com/watch?v=q9bbpMzb5qs) There’s also a special cameo in the video ;-)

GBPUSD is at an interesting level as we’re currently at the top end of what to me is a major level of support. If you look at the ebbs and flows on the daily chart (above) you’ll see that we’re approaching the previous outside return (retracement) and a violation of this level would cause a rotation in trend. For that reason I expect the bulls to be on the defensive fighting hard not to give up that area.

Technically this is an at market buy right now as we’ve double bottomed at the zone, due to the retest of structure on the peak, I’d like to see a push lower into the 1.5350’s level reducing my potential risk as well.
Depending on if/how this completes will dictate targets but I would expect a move back up into the 1.5420’s-1.5450’s level for first targets.

Have a great Weekend Traders! And do me a favor, if you’ve been enjoying my post, please hit that like button and leave a comment. I’m close to making the “All-Time” top author list here at Tradingview and I think that would be awesome.

Lastly make sure you check out the interview from my client and good friend Jason Graystone “On Losing, Losing Some More, Then Winning” It’s a great read for all up and coming traders. http://tradingstory.com/jason-graystone-on-losing-losing-some-more-then-winning/


Akil Stokes
Chief Currency Analysis at Trade Empowered
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18 hours ago
AUDUSD, M Long
2 702
I do appreciate all views be it a like or comment, and if you subscribe to this analysis, you will receive all of our real-time update! Thanks!

SignalSuisse
www.nonsolotrading.com
(Setup & Intraday Analysis)
18 hours ago
EURUSD, 60 Long
6 762
EUR/USD has made a low of 1.1200 and recovered from that level. Intraday trend is bullish as long as support 1.1240 holds.

Any break below 1.1240 will drag the pair further down till 1.1200/1.1178.

The pair’s major resistance is around 1.1316 and any break above would extend gains till 1.1370/1.1435.

Intraday bullish invalidation only below 1.1200.

It is good to buy at dips around 1.1280-85 with SL around 1.1235 for the TP of 1.1370/1.1430
14 hours ago
EURUSD, 60 Neutral
7 683
Ok, so everybody is wondering, "What about the euro?" Yes, I am dare I say EXTREMELY BULLISH on this pair and believe that it is starting a multi-week, multi-month uptrend in a wave (C). Just WHEN will it start or has it already started is the question. And how about now? How to get in on the uptrend now with the lowest risk possible/

In previous posts and wave counts (I won't suggest any here. Just go look up my previous posts), I suggested that the recent decline was a wave (iv) of (v) and the next move is a wave (v) up to finish off the wave 1 of a possible 5 wave wave (C) advance. Given that, what you are seeing here is my internal wave count for this wave (iv) decline and it is now showing me that the wave (iv) could be over and wave (v) could be starting. That means that we could've seen the bottom.

Of course, I could be wrong as well and price will keep dropping making my wave count completely wrong! Well, so how to play this? I haven't posted any trade idea on this pair because right now, there isn't any bullish price action for me to hang my hat on. But here's what I need to see in order to trade this pair:

Prices need to break out and above the channel it is trading in the wave (iv). Then it should hit the upper trend line of the former triangle pattern that it broke out of before. Prices should then retrace back down to retest the channel's upper trend line. At that point, I would buy because that would be bullish price action.

For now, I am just sitting on my hands and tying some rope around my trigger finger to keep it from hitting the BUY button too soon!

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I will know my posts are useful to you. Doing so will encourage me to post more! As always, all constructive comments are welcome. Agree or disagree.
15 hours ago
XAUUSD, M Short
13 345
I decided to expand on my gold analysis with the help of rgmov and neowave concepts.
I think that the monthly downtrend is still valid, and that we will visit the projected target at 913.82 in time, which might validate the wave count on chart.
I entered a pending order and got filled for a short at 1129.15, and SL at 1140.56, and also entered a sell stop at 1116.32, and SL at 1156.66. My 3rd pending was a limit sell at 1134.85 but didn't get filled yet (same stop as the 1st at 1140.56).
The optimal entry was highlighted in my previous publication, a short at the top and SL at 1171.89, which I sadly missed!
I'll update this publication with the daily chart as we progress.
I've been discussing these ideas with @look4edge, @ncoulb1, @sokow and @jangseohee. Make sure to check out their works.
Feel free to comment to enrich this discussion, and good luck if going short!
Ivan.
1 day ago
EURUSD, 60 Long
24 1772
And start of wave 5 up. Yes, it's the moment we've all been waiting for! And it might just be here. If you follow my posts, then you know that I am VERY BULLISH on this pair and am expecting a HUGE multi-week, multi-month wave (C) up that could possibly retrace 50% or more of the previous wave down. That's A LOT of pips, folks!

But for now, just interested in getting in on the "ground floor" of this potential big move coming up. My wave count on this wave 4 is shown and it had unfolded in a 5-3-5 ABC zigzag with the 5th wave of the last leg coming to a close soon.

MY TRADE PLAN
Simple. GO LONG! I'm actually already in LONG now (as of this post) and will hold onto it even if prices continue to decline to complete the bat.
14 hours ago
GBPUSD, 240 Long
6 409
Posting this trade as a nice pattern trade. A Shark pattern was completed just now and with the GBPUSD being very much oversold as well as me being VERY BULLISH on it from more than a month ago, it is a good time to buy it. It;s very low risk should it not reverse and go up but continue down (see Related Ideas: "QUICK ANALYSIS: GBPUSD: Two Scenarios It Could Follow"). A good place to place a stop loss would be 1.5300 as a violation of that level could trigger a sell off. But the potential profit for this trade could be very nice.

Also, in my previous post, I mentioned that prices could indeed break below the lower trend line of the larger consolidation pattern and then rise back up leaving behind a false break. This is exactly what I see happening or at least what I am hoping will happen!

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I will know my posts are useful to you. Doing so will encourage me to post more! As always, all constructive comments are welcome. Agree or disagree.
23 hours ago
EURUSD, 60 Long
5 432
Basic Technical Analysis done here to establish a very nice Long setup. Stops below 1.121 and targets at previous resistance levels. Please leave your thoughts, comments and a like if this was helpful! Happy Trading!
12 hours ago
GBPCAD, D Short
5 251
Hello, i was waiting for this opportunity the hole month.
According to my previous analysis i'm expecting a big and dramatic decline on this pair.
https://www.tradingview.com/chart/GBPCAD/q90gmbUU-GBPCAD-at-key-resistance-bearish-crab/
I didn't open any trade then due to market volatility, but market always gives us more opportunities.
Here we can see a nice pullback to the 2.05000 area. I expect this level to be tested and then the decline to continue.
The H4 Ew count also support this bias.
https://www.tradingview.com/x/18J9Yyly/
At least 400 up to 800 pips on the table!!!
Best regards.

*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Managing is 60% of a trade, anytime I may decide not to open, close or even stop and reverse a trade depending on price action.
Any respectful and constructive ideas are welcome (agree or disagree).
We all are here to learn sharing ideas, have fun and improve our performance.
15 hours ago
USDCAD, 60 Long
8 188
Update on this trade I posted (see Related Ideas: "TRADE: BUY@1.31650 Completed Bat Trend Continuation Pattern") about buying on the completion of the bat, prices have hit TP1 for a profit of +70 pips. I will close 25% of my positions (closing 1 order, holding other 3) and hold the remaining 75% for TP2. If/when prices reach TP2, then I will decide what to do next depending on the price action. For now, I have moved my stops to B/E so this is now a no-loss trade.

I am expecting that this is the beginning of the wave (v) up into the ending of the wave (iii) of (v) for this pair.

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I will know my posts are useful to you. Doing so will encourage me to post more! As always, all constructive comments are welcome. Agree or disagree.
8 hours ago
SPX500, D Neutral
10 165
1966 is key pivot:
- As long as closes occur above 1966, the bull structure is intact.
- The next 4% upward are challenging but after it could follow the path described in the chart.
- 2160 could be last top in Oct15.
- Conversely on closes below 1966 > watch out.

Note:
- In this projection, the year end close would occur at 2070 – A flat year reflecting balanced pressures this year.
- Strong assumption: The black bold line shall not be breached going forward.
1 day ago
AUDUSD, 240 Short
14 2715
Trade 28: Short AUDUSD @ 0.7150
Trade Status: Active
S.L 0.7190
T1: 0.7076
T2: 0.7035

Balance = $29,126 Position size = 1.8 lot ~ 2.5% risk of capital
===========================================================================
Reasoning
-Retesting Horizontal resistance
-Pin bars at retest
-Overall short term trend is down
-Strong U.S GDP Number


Don't forget to click the Thumbs Up
Wish me luck and best of luck for everyone.

For Trades rules and guidelines follow this link
https://www.tradingview.com/chart/EURUSD/van3YvDZ-Journey-to-100-Trades-Rules-and-Guidelines-forex/

My best regards
Technician
Subscribe to my trading portal http://thefxchannel.com
13 hours ago
EURUSD, W Long
2 293
Not much to comment :-D

You see what I see. ECB QE is not just useless in terms of no effect at all to real economy, but it is clearly not even weakening the Euro! In fact Euro is a lot stronger against most of major crosses, so Mr. Draghi and his friends must have some headache now. Even their belowed asset bubble in European equities is bursting! All gains earlier this year is given back.

So after more than half year of printing what have they acheived:
- No Increasing relative competitiveness through forced devaluation effect (weaker FX rate)
- No credit boom. No increasing CPI expectations. No real economy effect at all. No increasing velocity of money despite increasing monetary base (money is stuck in the financial system, not reacing real economy)
- No long term wealth effect through increasing asset inflation (equity bubble).
- But yes, there are certain Pricing and risk distorsions
- Yes, there is financial supression and robbing out savers who invest in fixed income (bond, deposit) based. Forcing more irrational long term risk taking and leverage!
- .... (feel free to add your comments)

What's next guys? Print more? Or just keep quiet it might have failed right at the very beginning?
They would better stop now, or channel money directly to people, instead of shadow bailing out your own, almost insolvent banking system.

It would be so simple! Just fckn send or transfer 500-1000 EUR to ALL Eurozone citizens' directly, with restriction that they must SPEND it on goods and services, not save or invest it. So do you really want to see inflation? Do this! .... ah, of course Rates and yields would immediately spike up... but hey guys, the two walk together in normal economics, or is it really what they want to avoid, or at least postpone? ;-)

It is clear. They wanna rob savers, while they exactly know and see it will not cause inflation gradually. However at one point what will cause massive inflation? The loss of faith in these Central Wankers and the always and ever printed fiat ccys. It will be very easy to spot. Just go and read some about the 1945-46 Hungarian hyper inflation.

Every time I think of this, I come to the conclusion that we must at least focus more on Gold, even if not yet go all in long, since Price action is still not bullish there. But it is time to hold some minimum amount of gold.

Anyway, this is just a theory, a spot observation. Maybe ECB will increase printing to 1000 bn EUR/ month to collapse EUR, and Gold will still not go up. So what you have to do is: Don't think too much, just follow your simple rules, and trade charts, trade price action, trade trends!
20 hours ago
USDJPY, 240 Long
0 224
It is good to buy above 121.20 with SL around 120.50 for the TP of 122.20/123
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