i use the jackpot strategy to find my long term trade
price broke support as expected and is expected to test second support and start buying for a retest..
price is currently selling from a double top formation from price 137.541 and is at price 135.318 and is expected to break support and head to second suppprt price 133.569 to create a W formation for a long term buy on the daily time frame
Oct 7th @2pm EST we saw lower lows and lower highs being formed on the 4 hour and the one hour time frame. Set up our FIB layout and saw that price was at the 23% retracement point, entered in one position for a sell. The next morning as price continued to buy slightly we entered a sell limit order for the 38% retracement point which it touched perfectly, we will...
Oct 10th, Saturday @10:16 am EST. Markets are closed which gives us time to look for potential set ups for this upcoming week. We've found that EUR, AUD, CHF, GBP, NZD and CAD vs JPY have very similar price action on the 4 hour time frame specifically which could potentially mean long term these pairs will follow each other. On Oct 9th @ around 8:45 am EST...
Oct 10th, Saturday @10:16 am EST. Markets are closed which gives us time to look for potential set ups for this upcoming week. Ichimoku Cloud shows us a buy longterm for this pair. Due to the volatility of this pair, we will using the 45 min and 1 hour time frame with our FIBS tool for reentry's. Price will definitely test the EMA lines and just might test...
Oct 11th, Sunday @1:21 am EST. Couldn't sleep so I began looking for entries. Ichimoku Cloud shows us a buy, price is currently testing yellow EMA line. We see a perfect high, low, high, low: expect price to buy from where price currently is. Missed the 38% entry, price is currently at the 30% level. Possible W formation being created on the 4 hour time...
Oct 11th, Sunday @8:18 pm EST. I go in to detail on how this trade played perfectly on the chart. I will be looking for an entry on a buy for this pair tomorrow morning @ around 3 am EST, Oct 12th on the 15, 30, and 45 min time frames. Another good entry time for a scalp may be 9 am EST, Oct 12th. Let's see how things play out.
It is currently 12:55 EST on Oct 10th, Saturday. I was reviewing the action that occurred Friday morning Oct 9th between 7:30 am and 10:30 am EST. Came across this perfect set up. The Ichimoku Cloud confirmed a continuing buy for us on the 4 hour time frame so we should have been looking for new entries on this pair. I found 2 perfect entries at the 23% and 38%...
It is currently 12:25 EST on Oct 10th, Saturday. I was reviewing the action that occurred Friday morning Oct 9th between 7:30 am and 10:30 am EST. Came across this perfect set up. The Ichimoku Cloud confirmed a continuing buy for us on the 4 hour time frame so we should have been looking for new entries on this pair. I found 3 perfect entries at the 23%, 38% and...
Oct 7th @2pm EST we saw price still trading above EMA lines even after massive selling pressure. Set up FIB and saw a potential good entry for another buy at 124.350 which is touched perfectly. We entered in one position for a buy @124.448
Oct 1st, 2020 we learned that a lot of the JPY trades correlate on the 4 hour time frame primarily. This morning (Oct 8th @9:32 am) price was testing the yellow EMA line on the ichimoku cloud. We set up our FIB for confirmation and saw that price was sitting on the 23% retracement level.
Price pierces through EMA lines and through green cloud on the 1 hour time frame @ 4am EST on Oct 7th. By 9 am we should of noticed the strong buy movement and entered in a position. 4 hour time frame also confirmed a buy for us. FIB retracement also confirmed a late buy entry from the day before. EURJPY and CHFJPY both look very similar to CADJPY'S chart...
Oct 8th, 5:28 pm EST we see a possible entry or 2 for a sell on USDCAD on the 4 hour time frame at the 23% level and the 38% levels on the fib retracement layout. Ichimoku cloud also shows us a strong sell on the 4 hour and the 1 hour time frame.
Oct 9th, 2:45 am I see price beginning to retrace on the current sell that we have in already. I look at the 15 min time frame and see that the 38% is being tested after setting up my fibs. I entered in for a short at 0.91580, about 20 min later it reached its lowest point of that time span to 0.91509 for a quick gain of 7 pips. I am holding long term as the...
Oct 9th @2:15 am est I set up my fibs and saw price testing the 23% on the 15 min time frame, added my ichimoku cloud and saw that price was also testing the green cloud on this same time frame giving me confidence that it was going to buy off of that price which it did. We entered in at 124.682 and 20 min later reached its highest point within 20 min at 124.800...