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Cypher - GBPUSD - BearishHello traders, This is Ahmed from Pro Trading University. I tried to short this pair yesterday based on a trend following play, but that didn't work out. I am shorting it again right now based on a cypher pattern. In trading, it will really help if you have a short term memory, lol. I mean you might want to skip this trade because just 1 day ago you tried to short it and it didn't work out. Well, if you have a short term memory and don't remember yesterday's loser then your life will be so much easier. Ahmed, Founder, Pro Trading University
Short
by Ahmed-J
5
XAU/USD: Potential Bullish Gartley at Previous Structure SupportLooking at a very deep potential bullish Gartley here on XAUUSD that if completed would come right into previous structure support. The wicks created in that previous support zone made this an opportunity that I like regardless and having an advanced pattern complete at the same level just put icing on the cake. Very low risk opportunity compared to the potential reward as this chart has started to show us some consolidation. Bigger picture, there are a few more setups on the horizon including the potential bearish Bat shown here in orange, but that should matter at this point unless you are a trader that uses such things as a way to shoot for extended targets. We've got a brand new website over at www.tradeempowered.com so make sure you check it out, including an a blog post that I wrote today titled "Trading From A to Z" let me know what you think! Until next time, plan your trad and trade your plan Akil Stokes Chief Currency Analyst Trade Empowered: Live Your Passion www.TradeEmpowered.com
FX:XAUUSDLong
by Akil_Stokes
29
gbpaud multi timeframe analysisWe became bearish as soon as we broke the resistance area. It means that we have a higher probability of going down than up. Once we decided what side of the market we are likely to stay at, let's see what bearish signals we can get at the required area from our trading system on lower timeframes. A bat pattern is a very nice signal. I'm not looking for some huge moves. A retest of recent lows (almost 300 pips) will be more than enough.
Short
by Alexander_Nikitin
6
Bullish Butterfly, lower time frameI don't often go to the 1hr time frame, but I'm hunting around for a better long entry on a retracement. This is just something to keep on the radar for the time being. A move above 'C' will invalidate this pattern, and really both 'C' and 'B' are ever so slightly not "perfect" (see below). On the whole this looks to be a well formed pattern. This would be a long trade/buy opportunity, which would only be taken at the 'D' completion point... if price gets there. The butterfly contains an ABCD pattern preceded by a significant low (X) or high. This pattern is found only at significant market tops or bottoms. Requirements: 'B' point should be a .786 retracement of the XA leg 'C' point should be either .382 or .886 retracement of AB Swing from A to D should be a 1.272 or 1.618 extension of XA 'D' Must be below 'X' A valid ABCD must be observed in the extension move (AD) *Ideally*, the two triangles will be nearly equal in time, XAB and BCD. Otherwise, look for BCD to complete between 1.272 and 1.618. A move beyond 1.618 renders the pattern invalid and suggests a strong trend continuation in progress.
BITSTAMP:BTCUSD
by ninjabenja
2
CLRX above Steve Primo's Advanced Bollinger BandsSteve Primo's Advanced Bollinger bands This is an interesting and easy way to trade that anyone can pick up immediately. It doesn't require to have perfect-right-now type of scanning or timing. Orders can be set up ahead of time at night and left to fill on their own, freeing up time and attention to go do other things during the day. People with day jobs where they cannot use a computer or night shift jobs where they sleep during the day might appreciate this technique. Download the presentation at www.dropbox.com Click the download button selecting direct download to save a copy to your computer, the online player may stop after a few minutes. Not concerned with the after hours over-reaction, it's a great buying opportunity.
CLong
by trademan1
1
AUDUSD 4 HOUR SHORTPrice bounced off the 0.236 fib several times forming a evening star and then several bearish pinbar candlestick patterns in a row. This is indicating selling pressure, we could see price advance to the downside soon. My preference is a rally up to the 0.5 fib in confluence with some structure but advancing up to that level is looking less likely. RBA meeting on Tuesday so id advise to get in before the meeting because im confident RBA will be dovish which will weaken AUD causing AUDUSD to plummet
Short
by remelthomas
Two Cyphers - VIDEO IncludedPlease watch this explanatory video : www.youtube.com In this little educational video you will know my rules for trading the Cypher pattern in a simple and clear way. Then, I will show you two live pending Cyphers on GBPJPY, hourly time frame. Notice that I didn't go over the targets and stops in this video; I will cover them in a later video. I will see how things goes with this second video but I already want to do these type of videos on a daily manner. I will cover a big variety of topics. Covering technical analysis tools, strategies, chart patterns, advanced patterns, harmonics, break outs patterns, money management, trade plan development, backtesting, customization and portfolio and of course, psychology and mindset. If you are interested in knowing the rules of the Bat pattern and check how I made +170 pips live using the Bat pattern then check out this video: www.youtube.com If you want to see more videos, then please subscribe to my channel: www.youtube.com As for this video, here are some useful links that are related to this video's topic: www.youtube.com An article about the Cypher pattern and it's rules: simplychartpatterns.com An article about harmonic and price patterns in general: www.investopedia.com
Short
by Ahmed-J
1
Bat USDJPYBearish Bat @ USDJPY Last bat @ USDJPY was a looser. Here is where psychology comes into play, you must continue to follow the trade plan even if the last 10 trades were losers. Does this mean that this trade will be a winner? I have no idea. All I know is that I will keep executing my trade plan no matter what is the outcome I get. I will do some videos on psychology soon. - Reminder, In about 3 weeks I will start making videos explaining each of my trades and the rational behind them.
Short
by Ahmed-J