In yesterday's Forex Market Preview video we took a look at the affects that making simple trading mistakes could have on your trading. In that video I used the double bottom as and example and discussed the importance of waiting for confirmation. Well for those traders who are looking for an even more conservative approach to getting involved in the markets, the...
eurusd GARTLEY BAT CYPHER TARGET 1 at 1.10720 and 1.12725
After being one of my top performing pairs a year ago AUDCAD has been someone disappointing in 2016 when it comes to providing opportunities. But finally it looks as if it's getting back to form giving us a 3rd potential trading opportunity in a row. This time in the form on a potential Bearish Advanced Cypher Formation.
Hey traders, take a look at the USDCAD and you'll see that we have 3 Advanced Gartley Formations showing up on the chart. I'm already long the higher time frame pattern formation in yellow. but for those who are not, be sure to keep an eye on the potential bearish & bullish setups that may complete today. NOTE Today at 10:30am We have Crude Oil Inventories being...
Two potential opportunities that are on my radar going into today's trading day here on the EURJPY. IF the market continues higher THEN I'll be looking to get get short for on a bearish advanced bat formation and IF the market dips lower THEN we'll be looking for trend continuation opportunities to get long. Good luck in the markets today traders and I'll see...
Potential Advanced Bat Formation setting up on the NZDUSD which would complete close to the 72 cents even handle. Higher timeframe analysis on this pair causes me to predict a bearish Continuation down to our lower level of structure, so this would be an opportunity where the trader may want to consider looking for extended targets.
Earlier in the day I shared a chart looking at 2 potential advanced pattern formations on the Euro Daily Chart. Well, while in the Live Trading Room we also discovered a third opportunity her eon the 4 Hour chart in the form of an Advanced Gartley Formation. This particular Gartley has a deeper than usual "D" completion providing us with a better risk to reward...
Hope you guys had a great weekend! As promised in my latest video we had a SPECTACULAR Q&A session yesterday with one of the main topics being alternate entries for advanced pattern formations (something that I'm not a fan of at all) In this particular situation we have TWO potential Advanced Pattern Formations providing you with different levels of risk so there...
We saw this earlier in the week on the DAX, but chart above features a completed 2618 trade that is now looking to potentially complete a bullish Advanced Gartley Formation down at the .9957 level. This type of trade represents a perfect example of when to use a "Stop and Revers" (SAR) in order to liquidate the remained of the original positions and immediately...
Looking at the USDJPY we have a completed Gartley Formation, Rising Wedge & AB=CD pattern completion at the same level.
Not too much on my Forex watchlist so I took a few minutes to scan through a few other markets just to get the eyes warmed up for today's trading (going off of Charles Warroom Topic of "hitting the trading gym"). Price action on the DAX typically works very well with my style of trading so I love performing analysis & making predictions on it. What we have is a...
Hey traders, welcome to a new week and a new month of trading! Here on the EURAUD we a bracketed order situation where we have two potential advanced pattern formations setting up in a both a bullish & bearish Gartley formation. With many of these markets still looking to be in consolidation, these are the times when we want to stay alert for pattern formations.
Hey traders! Looking at a potential bearish Advanced Gartley Formation setting up here on the EURJPY. LOOKING LEFT at the predicted "D" completion price you'll also notice that this level has recently been respected as both previous structure support and resistance. The "A" leg of the Gartley Formation also represents a break and close below previous structure...
Typically a rally is what i would expect from this type of falling wedge formation, however because it's in the middle of nowhere the bullish move isn't on my radar. What would be on my radar is a move back up into previous structure support which could potentially act as support now looking for a continuation to the downside.
Hey traders! Looking at a potential bearish Advanced Gartley Formation setting up here on the EURJPY 0.00% . LOOKING LEFT at the predicted "D" completion price you'll also notice that this level has recently been respected as both previous structure support and resistance . The "A" leg of the Gartley Formation also represents a break and close below previous...
As always I like to spend sometime fine tuning my chart reading skills by performing analysis on pairs outside of my trading portfolio. Here on the NZDJPY we have a potential bullish bat formation along with a potential abcd pattern lining up at previous structure support.
After holding higher timerframe resistance the USDCAD has made 220+ pip move to the downside and has now found previous structure support. I like to call this area a "decision point" when doing my analysis because a few trading opportunities are offered at this level depending on how price reacts. 1) IF support holds THEN we have a potential buying...
Let me first say I appologize for my post this morning. I was trying to get it out befor it completed and I ended up drawing it wrong. I also didnt break down my thought process. Here is what I was looking @ What I was looking for was a reversal that I have marked in blue. The market then gives me a higher high higher close labled HHHC Price then retraces to the...