Continuation of S&P 500 study, X axis (time) and Y (price). (A) If we display the sections of growth of the S&P 500, by illustrating each period of rising price, with a green square, we get three (3) distinct periods periods 1. and 2. and 3. (B) If we insert these squares 1. and 2. inside the square of period 3. and that we place the square of period 1. down...
BITSTAMP:BTCUSD Safe Trades;
Fibonacci inversion trading setup with 2:1 reward/risk. If market retest D point short the market. There is also absolute confluence between the 1.618% projection of AB and the 61.8% retracement of the impulse leg. With regards, Michail Sideris
Hey all, I've given this pair another look since my last analysis on USDCHF very recently hit its final target. Following that last target, we can now see that the price has been consolidating in the area between the 0.382 and 0.236 levels on the blue fibonacci retracements. From here, the price can push up through the 0.382 level to test the upper level of the...
Hello Traders , here we have a shark pattern formed on NZDUSD This trade is medium to long term due to it being of a higher time phrase. If you want to take this trade remember only risk a small percentage of your account.
Hey all, what we have here are signs of a potential rising wedge formation on EURJPY due to the higher highs and higher lows being formed since the 18th of May. Fibonacci levels applied on a larger timescale seem to show the price working well between the 0.5 and 0.618 levels - an idea supported by the recent rejection of a new high on the 16th and on the 24th. If...
During Bitcoin pump most altcoins was bleeded. Unfortunately, such times also comes. I got a loss in value about 30% of all actives. So, there are some rules to follow which can help you to keep the state of money 1. On the eve of serious BTC growth forget about any long positions or investing in alts, this is very dangerous! 2. Play quick games only 3. Best...
Most Elliott Wave practitioners admit that their system is only meant to be a “general guide” with many possible outcomes (i.e. additional randomness and variability is introduced). That is, there is an “ideal” wave pattern according to the theory, but in practice there can be deviations from this pattern. Nothing about this admission refutes the above arguments,...
Got a potential bullish cypher pattern here on EURJPY. Now this will complete at 117.649 w/ minimum stops needing to be below X at 117.430. Target 1 will be at the 38.2 retracement at 117.95 and target 2 at the 61.8 Fibonacci retracement at 118.14. As always, follow your plan. If you like this kind of trading, you can join me in my live trading room today. Here...
different types of reversal patterns. looking for short term sell inside wedge and take a long term buy at the bottom of wedge
Structure breakouts indicate an imbalance and as traders we need to understand the equilibrium of the supply and demand of currencies. Breakouts are high probability and are a great way to profit if managed with an edge. SHORT BIAS = FX_IDC:AUDJPY "Successful Trading Is 20% Skill and 80% Mindset" Rodz
Hi traders, I've been getting some questions about my XAUUSD breakout trade that I posted last week. With this chart I try to explain to you what happened and what is to be expected. We started off with the breakout of the trendline. We all know that price doesn't just keep moving in one direction, so we can expect a retracement after the breakout, which is point...
I just put out my weekly review and preview video. In the video I covered the array of patterns that we have potentially setting up on the EURUSD. There are two potential bearish bat patterns and one bullish cypher pattern. I you would like to see the video, here is the link: youtu.be Good luck and good trading!
This post is more for an educational process than a trade setup. As you can see, we have been able to formulate a general idea of where Cable wants to go in the long term by simply drawing on the key levels/zones. These are essential to be able to pick reversal points. GBPUSD has found strong support at 1.2000 and is going to face strong resistance at 1.2800...
As i am getting ready for my live trading stream i spotted this bearish cypher @ market. So if you want to see more setups and ideas like this, or you just get bored trading by yourself. Come join me on the live stream www.youtube.com Good Luck and Good Trading
I've been looking for a short opportunity on the 12hr and 8hr charts since price action has been so bearish on aud/usd and there were a couple of triggers lining up that motivated me to enter a position. Main one being the daily chart above bearish trend price has pushed back up to support/resistance area 12hr chart showing indecision candle ...