After a pain free win on yesterday's bearish Cypher formation (you need those sometimes), price action is now making it's way back down to the Cypher lows, which if you bump out to a higher timeframe also represents the "B" leg of a potential bullish advanced bat formation. Once my day trading day begins (at 8am NY) I'll be eyeing this level for potential long...
Happy Friday traders! Here on the hourly time frame the EURJPY is providing us with a goo example of what could end up being an AB=CD pattern. This was one of the first simple patterns that I learned to trade, and I also learned the hard way that trying to take every single one would land me in the poor house. Although i don't trade it on it's own, I routinely...
Hey traders here's a hard version of the trade I showed you in today's video (You can find the link to my youtube page in the "signature section" below). Previously we were watching and involved ourselves in the ascending triangle breakout. Now that price action has returned to our previous level of potential structure support, we'll be keeping an eye out for...
I usually say that I don't do too much charting on Monday's because the markets are usually slow. Well today the market is making me eat my words as I've already four Advanced Pattern Formations Complete along with numerous other potential opportunities under close watch. This opportunity is a potential bearish Gartley Formation with a deep "D" completion due to...
As price consolidates between the 382 & 618 retracement of the bigger bat pattern X @ 1.1341 IF price rallies up inot the 127 ext we would get a bear gartley Stop above X T1 @ 382 of A to D T2 @ 618 of A to D
Looking @ the 1hr price has put in a lower low lower close and has tested previous structure. As Price retraces out of previouse structure we have a potential bear bat setting up her on the 15m IF price can rallie up into .73330 level Stop above X T1 @ 382 of A to D T2 @ 618 of A to D
We also have a potential bear cypher setting up here on thw 1hr. IF it completes I will be looking to take T1 @ the 382 roll my stop to BE & look for T2 @ the completion of the bull bat I shared moments ago. Stop above X T1 @ 382 of C to D T2 @ Bull Bat Completion
As price action blew through the potential double top that we were watching this morning in the Live Trading Room, we had to throw the idea out and start looking for other opportunities. Currently we have a setup on USDCAD that I really like. It's called a rising wedge. This setup starts with a strong bullish move then as selling pressure starts to enter the...
Happy 1st official NFL weekend to you traders! During halftiem of the Cowboys v. Giants game I decided to perform a quick round of analysis to see if anything needed to be watched prior to my trading week and I actually found a handful of pairs that interest me. One of which is the USDJPY where we have a potential bullish Advanced Cypher formation in the works,...
Keeping a close eye on USDCAD this morning as price action makes it's way into previous structure resistance. I like to call these areas of the market "Decision Points" because depending on how price action reacts at this level, I'll know whether to look for a long or short opportunity. If you take a look at the RSI we've become massively overextended (above the...
A Completed Bullish Cypher Formation on the GBPJPY 4 Hour Chart
Deep Potential Bullish Gartley Formation seeting up on the $EURUSD Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl Facebook: goo.gl Twitter: goo.gl Instagram: goo.gl Periscope: goo.gl
Another trade based on structure-resistance combined with a pattern formation. This time on a slightly higher timeframe
I just took a short on EURCAD based on structure-resistance combined with a pattern formation
We've had this one on our radar for a while now & finally price action has reached the completion point for our Bearish Advanced Bat Formation. (There's also a potential Bearish Advanced Cypher Formation hanging out a little higher) Because this pattern formation is to large for my liking, I'll be keeping an eye on the Pre-Brexit highs for a structure based...
Here's a chart of the analysis that I did in tonight's video showing you how I would conduct my technical analysis on the EURUSD prior to tomorrow's Jobs report. I don't even pretend to know or predict what the outcome will be. All I can do is attempt to stay one step ahead of the markets by preparing any potential trading opportunities before hand instead of...
LOT's of trades on the radar today. I'm currently long on 3 pairs and have another 5 on the radar. One of those pairs on the radar is the EURUSD which I originally posted yesterday, looking for a retracement back into previous structure support & an opportunity to go long. As I was responding to comments this morning (before starting my morning round of Top-Down...
Here's a look at one of the trades that we're going to look at in tonight's Syndicate video (just emailed out!) on the EURUSD and a great example of putting our I.P.D.E. thought process to work. Price has just broken above previous structure resistance, giving us the indication that we're likely to see a continuation higher. The buying opportunity would come on a...