There are two potential Cypher patterns setting up on EURUSD. There is a shorter term Bearish Cypher (Red) that will potentially complete @ 1.05806. Now this one can be used as an alternate entry for a trend continuation trade. Now the Longer term Cypher (Blue) will potentially complete @ 1.06208. This one can be traded normally, (taking targets 1 and 2 at the...
As I was getting ready for my live trading room I found this day trading setup. You got two potential patterns setting up here on EURJPY. You have a bullish bat pattern that will complete at 120.150 and a bearish gartley that will complete at 120.800. The nice thing is that you can bracket the market, set your entries, stops and targets and then wait to get...
There is a massive potential butterfly pattern that is setting up on GBPUSD. Now I don't normally trade butterfly patterns since the completion point is beyond X. But since there is some structure to the left, I will use this in my technical scoring system and look for an alternate entry. I put out a video breaking this setup down along with another on EURJPY. If...
First of all, in a technical perspective we shouldn’t deny that Gold and Silver are in an intact long trend with higher highs and higher lows from the last significant low of 12/15/16, where the market bottomed at around 1123 US$/OZ in gold and 12/23/16 at around 15.64 US$/OZ in silver. From their gold rallied about 12.52% to 1263.14 and is now currently pulling...
We have a potential Bullish Bat pattern Currently setting up right now on EURJPY. The pattern will potentially complete @ 119.55. Minimum stops need to be below X at 119.321 with Target 1 at 120.215 and Target 2 at 120.636. Right now at the time of publishing this, the pattern is less than 20 pips away from completing. So if you trade Bat Patterns on EURJPY,...
There is potential Bearish Gartley Pattern on GBPUSD that will complete @ 1.26470. Min. stops need to be above X at 1.2706 with T1 @ 1.2534 and T2 @ 1.24629. If you would like to join me in my live trading room today here is the link: www.youtube.com Good Luck and Good Trading!
Those of you who saw the update i put out last night, know that i was able to return to my home since the evacuation was lifted. As i was getting ready for the live trading room i found this bearish Gartley pattern which will potentially complete @ 1.31286. If you want to join me in the live room, here is the link: www.youtube.com Good luck and good trading.
As I am getting ready for my live trading room on you tube, I came across these setups on USDCAD. This is probably my favorite thing about advance patterns, and that is; bracketing the market. The bearish cypher will potentially complete @ 1.3190 and the bullish bat will potentially complete @ 1.3090. Now if you trade advanced patterns, you can set your buy and...
C TO D LEG SETUP TO FINISH FOR GARTLEY PATTERN LOOKING TO SHORT AT END OF D LEG NICE FIRST PULL BACK WITH 61.8% RETRACEMENT AND SECOND PULLBACK WITH 50% AND THE FACT THAT 78.6 AND 1.272 LINE UP SO NOICE SEEMS LIKE GOOD GARTLEY SETUP
As I am getting ready for my live trading room, I came across this very nice butterfly pattern that will complete at this major structure level. Now I normally don't trade butterflies, due to the fact that they complete below X, and this is where i place stops on the other advanced patterns I trade. But when I get a setup like this, well now I have a structure...
There is a nice setup here on NZDUSD. You have a potential bearish Gartley Pattern which will complete at .73013. Now in the other direction, you have a potential bullish Bat Pattern which will complete @ .72295. Both of these pattern offer good risk/reward and the best part is you can set your orders and then sit back and wait for one to get filled. As always,...
As I was just going through some charts getting ready for the live trading room, I came across this Bearish Cypher Pattern. The pattern will potentially complete at 1.3350. Minimum stops need to be above X at 1.33873 with target 1 at 1.32995 and target 2 at 1.32668. If you would like to join me for the live stream, here is the link: www.youtube.com Good Luck and...
I just put out a video breaking down the GBPUSD. On the chart here we have a massive Potential Cypher Pattern. Now although I trade Cyphers, I cannot enter into any trade with more than 100 pips of risk per my trading plan. So instead I am going to use the Cypher pattern as part of my overall technical scoring system. Now along with the Cypher you also have a...
I put out a video breaking down this massive potential Bat pattern that is potentially setting up on EURUSD. This Bat pattern will potentially complete at 1.08126. Minimum stops need to be above X at 1.08734 with potential target 1 at 1.06370 and target 2 at 1.05255. Now the really nice thing about this pattern in particular is where it will potentially...
Right now i'm getting ready for my live trading room stream, and I came across this bearish cypher pattern here on EURJPY. This will potential complete @ 122.531. Minimum stops need to be above the X-Leg. Here on the chart I have my stops at a 1.130 fib inversion of the X to A leg. Target 1 will be at the 38.2 fib retracement and target 2 will be at the 61.8 fib...
As I was looking over my charts getting ready for my live trading room stream, I found these two potential opportunities on USDJPY! Both are bearish and both can be used as an alternate entry for a trend continuation trade to the downside. The first cypher in blue, will potentially complete @ 114.854. Minimum stops need to be above X at 115.442 with the...
On the NZDUSD there are two potential Bat Patterns. You have a smaller bearish Bat pattern that will complete at .70373. The bigger Bullish Bat pattern will complete at .69029. As always minimum stops need to be beyond the X-Leg with target 1 at the 38.2 Fib Retracement and target 2 at the 61.8 Fib Retracement. Good Luck and Good Trading
Well here on the GBPUSD we have a potential bearish bat pattern setting up. This is an excellent example of why I love bat patterns. The main reason I love them so much is the risk to reward ratio (depending on what kind of stops you use). Now I use a 1 ATR stop on my bat patterns, and this will give me better than a 1.5 Reward/Risk ratio to target 1 with a 2.5...