XAUUSD has an inside day after an important shooting star, if it's able to break to the upside, it means the uptrend remains intact. While there will be a bearish Gartley pattern in 4hr chart with a potential short entry @ 1297, so even if if it's able to break to the upside, to long this inside day means we can only get the 1:1 1st kick above 1300 level, which...
USDCAD has several reasons to long here, 1.it's the first time to test 0.618 since the bounce from 1.24; 2.there is a demand zone structure at 1.2555-1.2585; 3. it broke 2 inside 4 hr to the upside (the 1st one is a failed breakdown) My plan is to put a buy limit @ 1.2585 with an out @ 1.2548, 1st kick @ 1.2622, let's see how it goes!
JD.COM rallied from 20 to 49 within a year, and after it failed to break 49 fig level in 8/8 in addition to the earnings report in 8/8, it plunged about 20%. JD is one of the most competitive competitor with BABA, as this BABA rocket keeps on surging to the sky, JD should also be attractive to those who are too scared to buy BABA above $165. Based on this bullish...
XAUUSD just started another round of beast mode. It gave an inside 30 here and it's very extended, so I would like to long if it's still able to break to the upside, and I don't mind to short if it broke to the downside. Let's wait for which way it breaks ! ps: when it comes to "break", I think it should break at least 2 pips to avoid getting in fake breakout
XAUUSD rallied since the FED announcement, while the price here I got several reason to give the short a shot. The Bat pattern is not a perfect one as B point didn't retrace enough to 0.382 of XA, while when there are 3 reasons combination, it's good enough for me. Plan: Short @ 1287.40 with an out @ 1290.40 , 1st kick @ 1284.40 Let's see how it goes
AUDUSD has an hourly double bottom that broke the neckline, it retraced to the 0.618 spot and it gave an inside bar that broke to the upside. It's a good shot to long for me, with a 0.7837 out and 1st kick @ 0.7898.
US30 gave an inside 4hr after being slumped yesterday; at this spot I'm willing to take the trade both sided. Reason: If it breaks to the upside, it means that the 21800 support tries to play some rebound here, so my target price could be 8EMA around 21930; If it breaks to the downside, it means the selling pressure and the downtrend remain strong, so...
XAUUSD has broken 4 inside 4hr bars to the upside consecutively. At the same time, the DXY is in a beast mode as NZDUSD leading the slump, so XAUUSD also shows great relative strength among the non-USD currencies. Accordingly, my answer to my topic is a definitely YES! 1277.5 entry with a 1274 out, 1st target @ 1281 (1:1 to the risk to take half of the...
The first inside 15 after NFP trade for XAUUSD succeeded 3 times in a row since June; When it's able to break either side, it usually comes with good continuation. Of course it's much better that if it breaks in line with the direction of the initial momentum, it definitely worth the risk.
Inside day after earnings is one of my favorite trade. Most stocks have much higher volatility on their earnings day and it creates lots of trading opportunities for short-term to mid-term trading. The philosophy of inside bar is about "neutral","choppy","wait","rest","digest", so an inside day after earnings is like the market still tries hard to figure out the...
USOIL has been in a rally mode recently with all kinds of good news; There is a potential daily bat pattern with a suggested entry near 50.85, while like how I always do, I won't just put a sell limit there to fight with the soaring price; but if it gave 1. shooting star breaking to the downside 2. inside day breakdown 3. double top patterns near 51, to...
As I drew the huge daily BAT pattern last week, USDCHF gave an inside day after the D point of the BAT, and it broke to the upside as what I want to see. This combination provided a 200 pips bounce and a potential reversal; Most of the time, harmonic pattern trade actually fights with the current trend in the time frame given, so what we need to wait is reversal...
Validated confluences 1.Inside Bar formed in Strong support zone 2.No fresh strong resistance until 17200 3.Price action hit support zone 4.Minor obstruction above 16600
Find a trend, find an inside bar in the trend (inside bar after new high/) , and trade the breakout with the trend; Again,the winning percentage is only about 50% in the long run, while everything is about risk-reward ratio.
USDCAD has a 4hr shooter after new session low, looks similar to my last artical about EURUSD! My idea again, is to short the breakdown despite it's already on the floor. Only 10-15 pips risk, worth trying! The mindset is like: I'm a normal guy, everyone who tried to catch the falling knife and tried to find a out on the chart to long USDCAD probably is already...
USDCHF completed the bat pattern today, to trade the bat perfectly we'll have to risk about 100pips. While like how I applied harmonic pattern these days, I'll wait for the following potential reversal sign to long USDCHF rather than put a buy limit to fight with the trend. 1. Significant inside bar breakout 2. Hammer 3. Double bottom Not only on the daily chart...
This page is all about inside bars and harmonic patterns, and I got 1 potential trade that is in line with 2 of the strategy! USDCAD completed a huge Cypher pattern, while like what I said on COST (another harmonic + inside day breakout combination yesterday), I believe harmonic pattern needs to go with reversal/retracement sign rather than just put an anti-trend...
We are on resistance Level (Very risk as Price was rejected twice on the 2017.01.10 and 2016.12.15) We have a double inside Bar Two Bearish rejection bar (Candle 1 and 2) Current Candle will expire in less than 10min and we currently have a rejection with a low that touched the 9 period SMA. Let risk small and follow the trend in case the PinBar is sure and...