megatrade101 megatrade101 USDPHP, M, 4 months ago
USDPHP: PHP Historical Price & A Greater Probability of further Weakness
32 0 2
PHP Historical Price & A Greater Probability of further Weakness

The worst performing value for the PHP was recorded on April 18-19, 2004 Asian Session. And marked a high @57.50/72 which later pulled back to close 55.75. And marked as the worst devaluation of the PHP against the USD. Which began drifting thereafter. The pivotal price recovery started @40.15 dated Jan 20, 2008 with a 2nd higher low 42.45 in Nov 11.08, 2010 and ...

madi052893trading madi052893trading USDJPY, 240, Short , 9 months ago
138 1 8
USDJPY, 240 Short

How I trade this? More on a counter-trend/trend following strategy with the aid of Advance Chart Pattern for price direction (bias): Counter-trend strategy (15mins - 1 hr TF): -2618 strategy (double top/double bottom and 61.8% Fib Retracement for ENTRY) Trend ff. strategy: (15 mins - 1 hr TF) -786 strategy (formation of HH/HL or LH/LL and 78.6% Fib Retracement ...

madi052893trading madi052893trading GBPUSD, D, Short , 9 months ago
GBPUSD: Potential Bearish Butterfly Pattern
77 0 5
Potential Bearish Butterfly Pattern

There is a chance for price action to retest price at the green zone with that, CD leg of a potential bearish butterfly pattern is formed. Looking for short setup on the HR1 or HR4 time frame. But as of the moment, I am looking for long (in lower TF) and TP at the potential S/R zone.

madi052893trading madi052893trading GBPCHF, D, Long , 9 months ago
GBPCHF: Analysis and Possible looking for Setup
35 0 4
Analysis and Possible looking for Setup

Just broke out from a potential HEAD AND SHOULDER pattern. There's a short opportunity on the lower TF. Will gonna ride the fall of price when there's a possible setup. Then turning LONG waiting for a confirmation that the trend will trend higher. Looking for a 2618 or 786 strategy for LONG There's also a potential CYPHER pattern incase price broke the B point ...

esteban esteban PRO PH/PSEI, D, Short , a year ago
PH/PSEI: PSEi bounces back up
130 0 1
PH/PSEI, D Short
PSEi bounces back up

The yearly support at 6282.87 was strongly held last week. US equities also made a strong finish last Friday, which could potentially give a positive result on Philippine equities come Monday, probably up until the Chinese New Year. I'm still bearish with the PSEi, though. The 50-day EMA is now being tested. Let's see if this resistance will be held.

esteban esteban PRO PH/MER, W, Long , a year ago
PH/MER: MER staying strong despite PSEi's woes
22 0 0
PH/MER, W Long
MER staying strong despite PSEi's woes

Probably the strongest index name in the PSEi, MER has a potential to hit the 340.21 resistance target. But considering the volume profile (2014 to present), the point of control is priced at 267.97 And adding to the fact that the PSEi is still on a downtrend, this makes me cautious of buying in on the pivot set at 306.13. In any case, I'll buy some units at ...

esteban esteban PRO PH/PSEI, D, Short , a year ago
PH/PSEI: PSEi still on a downtrend
17 0 0
PH/PSEI, D Short
PSEi still on a downtrend

The odds are still on the downside. In fact, it has broken the second line of support at 6282.87 I suggest staying away, at least for now. Let's see if the third line of support at 5696.97 will hold.

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