In current chart You can see 2 last fibonacci retracement on bigger and smaller time. Both took place on important fundamental env. First one took place 2 weeks ago on NFP. 61% was hit and price went into retracement swing up to 38%. Second one is small intraday trend which took place today and again 61% was hit and then after Catalonia annoucement London took...
D, 123, Gr4d, Candlestix 4hour unfinished Candlestix Gr4d looking for a Bullish breakout out of the channel & also a touch of the 50ema 1hour weve popped above the 50ema and completed 1 CGR and currently at 11:20 we have 1 more Gr4d above current candle with candlestix within range... will also try to trade and build the Algo to trade with these setups
We just entered a sell position on the GBP/USD with a target of 40 pips. No other targets will be placed as this time frame is rather weak... Good luck as always traders.
Just entered a new Short position on the EURNZD pair for 2 profit targets. Target #1 = 30 pips this has a 95% hit rate Target #2 = 50 pips this has a 73% hit rate Good luck traders
Just placed a Long position on the GBP/JPY pair with a focus on the 1st Price target of 40 pips. The next 2 are on the table but the probability of a hit on those is not very strong...but we never know until we know... Good Luck Traders
Taking a short on the candle opening after the previous closed position.
I haven't posted in a while because I have been working on my algorithms lately and have almost entirely ceased manual trading. From now on, any chart with the blue background is a trade taken by my algorithm. I can't post targets for exiting positions based because the way it exits winning is too complex. The algo opens on average 2 positions per day, so I...
This is a quick short position with only 2 price targets - the 1st target has already been hit and the 2nd should hit during the open or asian session. Based on our algo and time - this is a very weak position with only 41 pips of potential profit. Entry Level - 1.6127 1st Target - 1.6000 2nd Target - 1.6088
Current algo targets (red circles) Crude algo intra work sheet 645 AM Dec 2, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo Considering the fact that a recent time / price cycle has expired algo targets are considered "soft" - waiting on confirmation. twitter.com www.compoundtrading.com
Diagonal trendlines are critical inflection points (blue). If one is breached you can look to pull-back to next diagonal blue trend line 90% of the time. Crude algo intra work sheet 617 AM Dec 2, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo twitter.com www.compoundtrading.com
Caution shorts. Support held. Crude algo intra work sheet 334 AM Dec 2, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo. @EPICtheAlgo Diagonal trend line (blue), Fib line (green) and alpha algo line (red dotted) all held.
Unknown quantity just repriced GBPUSD right into my sell limit zone of 1.45-1.465 (see attached article). Im recommending getting on the cheap risk NOW as FOMC and BREXIT REF can only price GU lower in the coming days/weeks - get it now whilst its cheap! IMO there are 2 things it could have been 1. Algo/ flash buying 2. Some asia-lead Brexit poll that came back...
I started looking at my TOS and setting up my alerts for tomorrow. When I noticed the spy chart at 5 min. intervals... wow. In TOS it shows all the pre-post market data... the two W's of last Wednesday then today look remarkably similar. It seems like such an obvious flag to me.