Hi guys, I've taken a trade on EURJPY but was not in time to share.
Got in at Point D, which was at the completion of the pattern.
As usual, I like to give my stops 5-8 pips below point X and
the pattern appears to be counter-trend by nature so, I am targeting
T1 at 38.2% to exit fully.
Another trade i'm looking to potentially long is the EURGBP 0.49%which has just broke out to the upside.
A simple pullback (3-7 1 hour candles of consolidation) or deeper pullback to the Daily Bullish
Structure will be ideal to execute this strategy.
A bullish Bat has form up on the 1 hour chart for entry.
Usual rules for Bats are Entry on 88.6% and stop below point X.
(I try to place stops from 5 to 8 pips typically trading 1 hour chart.)
i'd look to exit on 32.8% fully as AUDUSD is bearish short term.
You can skip the trade if you feel uncomfortable, but I try not
to cherry pick.
I am now aiming to short the EurGBP as a fresh down channel has now formed.
So, what i'd be looking at is a pullback to the previous structure, marked in red.
Aggressive entry will be to queue limit to short and set stop loss to above red zone.
Defensive entry you can look to 1 hour chart to watch for reversals. "Lower high, lower candles"
Hi everyone, sorry for slow ideals presented. I was taking a break myself, after bouts of O.T trading.
Ok, so coming back to the market in Asia time, i am doing my usual analysis on ES and found 2 ways
to trade it. After the recent low has been form, ES is now consolidating.. I don't want to try predict
will it form a new multi year high, or it will be of a longer...
Many stuff to trade. Aha don't be afraid to miss out just have to wait patiently.
We have a longer term bearish Bat on the 4 hour chart, a bullish Bat on the 1 hour (violated so not counted)
and a sell zone. Those who feel MXN have strength against the USD, you can attempt a structure short
as shown by the red arrow pointing to the red zone.
I had miss the entry...
Dear readers, sometimes futures trading can be very dry as we could only pick what the
exchanges offers. I'm not going into technicalities on all these as i presume everyone should have
good or better knowledge then me.
Do i trade with market marker? Yes i do. It's just too many work to be done on myself everyday thus
i can't publish so much at one time. Do...
Sometimes, it seems impossible to reach Target 2, but if you have been trading patterns
you should have your preference to take certain amount of position at each target.
As a side note, GBP/JPY hits its 38.2%(T1), USD/CAD its 38.2%(T1) and 61.8%(T2) and a lot
more. I hope to put out more ideals but time is limited... Sorry id try to bring up more in
time to come.