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AUD/USD - Short-Term-Trade - Conservative 4H Trendline Rejection We had previously placed a -Aggressive- Entry for this pair. As stated previously we have waiting for the 4H candle to place our 2 active position for this trade. It is a little bit risky due to the fact of all the news we have upon us. But overall we are still predicting a down-side for this pair. As long as we don't see price closing -ABOVE- our trend-lines we should be fine following this current down-trend we are currently in. As of right now we shouldn't be adding any more positions and letting these 2 active trades ride.
Short
by TheForexClubFX
EURUSD Potential Gap fill EURUSD demonstrating bearish momentum with the price consolidation (Bullish price becoming more narrow) which represents a weakness in the bulls. We have a channel as seen on the chart with 5 waves complete with the formation of a bearish belt hold formation. 1.100-1.1100 being a key holding area we can expect price to fill the gap which is a 50-61.8% retracement on the 5th impulse; this will also create a RT of the bearish "BlUE" Trendline. We can expect price to pick up bullish momentum around this area and reach 1.1200. However, a break below the channel will confirm the continuation pattern of a rising wedge on a bearish trend which can push price lower. However, our entry for this trade will be executed on PA confirmation, entries will be seeked on the H4 or H1 time frame.
Short
by SergenAytug
Potential Long Set Up On NZD/USD NZD/USD has been down trending since January and it finally reached a significant event area which previously acted as a support with a one leg touch. The market is playing the perfect role for a retracement, we've had strong momentum outburst on the sell direction the past couple of days and that's most likely constitutions pushing the market down to catch all the amateur traders out once it reaches this significant event area, where all the pros start buying the market. IMPORTANT: MAKE SURE YOU RISK MANAGEMENT IS AT A GOOD LEVEL, DO NOT RISK MORE THAN 3% OF YOUR TRADING ACCOUNT PER TRADE AND THAT'S ONLY ON A HIGH PROBABILITY TRADE!
Long
by Abdul_Light
SNAP - Potential of two centerlines?I had right now a fellow trader asking me about which centerlines could be met, if I have two forks on the chart. The answer is: either of both can be met, even if the other one is a very big one like the one in the current Gold chart: Why is this possible? It is a question of the perspective, the context: If you look for "quickies", then you probably prefer to trade the smaller ones, because the TIME it takes to reach the centerline of the smaller fork is shorter, even if both have the 80% chance to be hit. So, think first what you can stand, what your style of trading really is and with what product you trade it. And by "product" I mean the underlying or options or futures etc. I like to trade options very much. But I seldom only buy options, I look for theta - time decay and collect premium. If my assumption of a market is heavily directional, then I use options too, playing my chances with a RiskReversal (Selling options for a premium which finances me the bought options, that are usually two or more times the bought ones.) Go slow, learn (by asking like this trader) and then you will earn...it's a process and it takes time. P!
NYSE:SNAPShort
by HowToChart
XAUUSD - Context!The Chart is mostly self explanatory. Here are the very important things to watch: Swings and Pivots are CLEAR identifiable. But one has to keep both in context. When it rains, it can rain drop by drop, or it can pour like hell. You can drive a care, or you can race with your car. ...see what I mean? It's all about context. To eliminate guesswork in the charts, a nice trick is to go higher in timeframes, or load much less data. If I would load only 5 years of data, instead of 10, it would be a much clearer picture what the real trend is. Please don't take this as the only truth in the world, I don't mean it like that. I just share my years of learning, knowledge and facts I have gained over time. So, it's just my framework, how I learned from the greatest Chartist I know in the world. Within many years of work, I was able to grasp what he hammered me in my head...it took a long time for me, I'm slow, but happy now ;-) Peace!
FX:XAUUSD
by HowToChart
2
-TECHNICAL ANALYSIS CENTER--NEW SIGNAL- Type : Pending Order Date : 26.8.2016 Time : 00:30 GMT+1 Technical : PPZ Trade Pair : EURGBP Timeframe : Daily Trade setup : Sell limit Entry at : 0.86066 ( 55 pips left ) Take profit 1 : 0.84985 ( 110 pips ) Take profit 2 : Take profit 3 : Stop loss : 0.87147 ( 110 pips ) Risk reward : TP1 – 1:1 TP2 – TP3 - Our risk : - Touch trades/Wick plays = .25-1% risk depending on the situation -TECHNICAL ANALYSIS CENTER- Note : Just to show you what mean PPZ. Posted alert : 26.8.2016 Pair : EURGBP Trade : Sell limit Analysis link :
Short
by FxcInvesting
3
Fibonacci Spirals #01To help better understand how to use Fibonacci Spirals when trading, I have decided to dedicate a topic about them. My quest here, is to consistently generate predictions using Fibonacci Spirals. I have only recently started to see a pattern and once I found it, I could somewhat consistently reproduce the same results, that is... visually. I could not however expand the indicator to predict, only to accept the past. What had already happened. Before we commence, there's one thing you should know about Fibonacci Spirals on TradingView.com (at least at the moment): they don't scale proportionally to the chart. It so seems there is a miscalculation which fire once you begin to scale the chart. For this reason I would suggest not scaling the chart when using this indicator. I have used Fibonacci Spirals to create V-shapes at the bottoms. Each Spiral is positioned from the lowest low to the past high or future high. From thereon all intersections that have been made in the far future with those spirals have been marked and given colours corresponding the spiral's colours. I shall elaborate in the near future.
by UnknownUnicorn468659
3
USDJPY: Bull Pattern in a Bear MarketFollowing up on a topic we covered in last week's Monday session. Here's a perfect example of how you can have a trading opportunity that is both Counter Trend & Trend Continuation at the same time. Remember gang, the market moves in fractals, meaning there are moves within moves and trend withing trends, within trends. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Long
by Akil_Stokes
13
USDCAD 240min Still Predicting $1.40's (with Video)A few days ago I shared an idea looking at the USDCAD predicting that price action has an opportunity to go as far as $1.40 before hitting any significant resistance. On that post I was looking at 2 levels, a main potential reversal zone and a smaller potential reversal zone in which I had an aggressive reason for entry. Well, price action just missed my entry by a few pips which means I had to clear orders and wait to see if the market would provide another opportunity. I had some questions about the analysis as well so I decided to discuss it in a trading video (link below) along with my opinion on how to play next week's interest rate decision. The main potential reversal zone is still on my radar but because we've created a new structure high, I'll also be eyeing up a closer zone between 1.3620's-1.3515's. Here's the link to the video & if you're not a subscribe of mine on youtube stop missing out & become one "What To Have Before Taking A Trade" www.youtube.com Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com
Long
by Akil_Stokes
18
USDJPY H4 HOW TO TRADE A DESCENDING TRIANGLE + PULLBACK SHORT £$Clean and insightful USD/JPY publish with overview on trading a Descending Wedge - just my opinion anyway :) The base range is the distance from the highest point of the range to our marked low point. We then take this same distance to determine the potential size of the breakout Note how close USD/JPY came to reaching this potential level in my experience price often pulls back to the level of its breaks out before continuing in set directional trend, lets see if that happens. Stop inside of wedge, target still base range, proportional boxes give an idea of the momentum expected in short falls, Fibonacci retracement level based of major high/low points within descending wedge, notice how it highlights key levels of price action within the wedge 161.8% level also strong confluence with potential target Channel commodity index also in steady down motion Good Luck and Happy Trading :)
Short
by XavierAlexander
1