NJ and AJ seem to be the last pairs to want to join JPYs downfall, this could either mean we can expect a pullback on all JPY pairs or that its simply late to the party and still gathering volume for a bigger push up.. not sure, but decided to test this hypothesis by entering a limit buy order at the 618 which was just hit. SL used was our ATR formula for a...
Now that the market has grabbed the money sitting below support, lets see if they play the dump and pump using a 272 fib ext and triple ABCD to join the bulls
Idea did not post, in line with JPY weakness, short term money has been grabbed and butterfly harmonic has been painted. Let's see if market follows through on what could be a big RR trade
Money is trapped on either side of the range, we identify a pattern in which the probability of covering risk at 2R is likely and could be quick so it'll be tested out. The potential upside is also nice but regardless if price violates either zone, strategy should be to try to catch a retest for a trend move
There it is so price has pushed down towards the bigger 618 from the very bottom of the consolidation and we must add and entry here so that if price is going to follow through on the uptrend we can capitalize using a solid setup
I have to say that one of the most confusing indicators for me is the ATR indicator. it has the tolerance to move up or down which will tell you that you are gaining volatility or losing volatility. when you are gaining volatility above a certain amount on an asset is when it's a good time to trade. but there's nothing that tells us exactly when is that certain...
Last call for UJ shorts going once, going twice... Playbook Setup: 618 Sell Limit Active Probability of Success: 50% Last entry for Asia session and it lines up with our bias from prior playbook setups (although we try to treat each and every opportunity independent of other ones). KEY POINTS - Maximum risk exposure met(3R) for ASIA so we will set SL and TP...
Coming in for a London session we see UJ has continued its bullish run and while its not the intention to continually find setups against the trend, we must trade what we see. ABCD/EXT sell limit using our ATR for stop loss to capitalize on what could be a quick 1:2RR corrective wave Probability of success 75%
After dropping more than 100 pips in such a short time, USDJPY is destined to fall to its death right?.. well, not exactly.. HIGHER TIMEFRAME ANALYSIS SUGGEST THE BREAK OF A DOWNTREND WITH PRICE FALLING SHARPLY TO THE 618 RETRACEMENT LEVEL OF THE HUGE IMPULSE MOVE MADE LAST WEEK. I KNOW, I KNOW.. BASED ON LAST SETUP, WE ARE SUPPOSED TO BE DONE FOR THE NIGHT, AND...
HCL TECH : CMP 1134 SUPPORT : 1010-1030 TGT : 1215/1305 IT index is going to support the NIFTY as most IT stocks is showing similar trends, Our pick is in this segment is HCLTech CMP 1134 has good support at 1010-1030 which is 50% retracement of recent high 1149 and about to breach the high and is heading towards 52wk high 1215 and if we consider Ellliotwave then...
Good day. Looking at the bullish momentum it would be hard to bet against the trend right now. Being above the 200 sma, LuxAlgo printing 'B' and the Hash Ribbons printing 'B'. However good healthy pullbacks are expected if the 200 sma can manage to hold as support. NFA
I have hammered out the aspect Ratios for the ATR Renko. I utilized a 100 bar ATR, for a stable average the bars move around. Being Renko boxes, a matching 100 frequency to the ATR amplitude was false; I needed twice the amps (length) to the frequency (width)...a 50 aspect (100•50). The results confounded my other methodology! The ATR has a bullish pattern,...
I can't know if Oil is dying because I cannot see into the future. So what's on the chart? 1- There is a death cross on a daily timeframe which is always a significant event. 2 - The red stepwise line (the ATR) is telling us that there is heavy bear pressure in this market. 3 - Twice price was rejected in 31 days. 4 - Now there is a big struggle at a...
The bull movement was considered reversed but the geons suggest otherwise.
The long position in XRP is merely incidental. The emphasis is on using clean line work to discover areas where price is more likely to reverse. In this example, which includes a bearish harmonic pattern , decreasing volatility is visible to the naked eye, even without the compression of the MA ribbon or the decreasing ATR. Some unusual arrangement of pitchforks...
TRADE OVERVIEW: This is a trading plan based on the symbol BTC/USDT in the Bybit exchange. Market analysis and setup provided by Shade from 𝗧𝗿𝗮𝗱𝗲 𝗛𝘂𝗻𝘁𝗲𝗿𝘀 . All trading zones are marked in the chart (with all confluences/key levels noted in each zone). Entries will not be placed automatically at the first line of the 'Trading Zone'. Only enter trades if...
When US Tech stocks were heading in a northbound trend, nobody had a problem in 'predicting' anything. Now we see the emergence of a death cross, and folk are struggling to believe what's happening. At each major bearish rebellion in the bear trend, there are shouts of hope. Even slight increases in unemployment are now a cause for hope. Because hopesters...
After FED Interest Rate Decision Last Night, Gold has reach lowest point of the year at 1653.87$ then rebound to the highest point of the week 1688.125 during Powell's speech time. The weekly range is now 1688.125 - 1653.87 = 34.25$ while the average volatility is about 53$ per week. The possibility of Gold price by end of this week can be follow 1. Trying to...