Mastering the simplest thing in live ist most often the hardest one. Not because it's hard, but because it's "so simple and would-be easy". So why not master it, doing the job? It looks most often so "not worth it", that's why. But if I would tell you, that your trading would skyrocket, would you do it? Even from my students there are only 15% who religiously...
Hey, traders. Here's the pattern I call "Unified Gartley". It unites the features of both Bat Pattern and a Gartley pattern. I discovered it myself doing market research. Up to 68% probability to hit 38.2 before touching X-point (depending on pair, of course) if it is used in combination with ACS-based swing identification technique. This technique is pure...
TRADE UPDATE Previous analysis: Please see original analysis linked below for in-depth explanation of our short bias. We are still awaiting a break below this blue short-term up trend line on the hourly chart to execute a short position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a move to the...
I posted a couple of weeks ago about the possibility of the USDCAD breaching the high on the weekly which is highlighted by the red box. Now that Price has clearly broken it, I am expecting this clear upward momentum to continue. Also to point out, the green trendline has held firm where price has failed to break and close below it, therefore it is safe to assume...
Gold made its high in 2012 and since then has came off considerably.. For the past yr after the initial selloff, price has been consolidating for the past yr with a clear descending trendline which re-confirms the initial selloff that a potential continuation is coming. With that in mind, I'm anticipating a further sell off in gold with a expected target of...
Obviously due to the whole Greece thing, this pair has caused alot of confusion for alot of ppl. I maintained my short bias for this pair because of those 2 yellow boxes. The upper yellow box represents price failing to make or even test the high it set few months prior which is highlighted by the red box. And price finnaly cracking the upward trend-line within...
Another Technical play in conjunction of Janet Yellen currently speaking about interest rates. It was a quick move as I write this b/c of Yellen and this is another pure technical based play. Anticipating upward momentum with a target of around 2.1180
Another mostly technical play, capitalizing the upward momentum that exists for this pair and yen pairs in general. I picked the hourly over the 4hr this time mainly b/c obviously the trade ends alot quicker. Expected Price Target 124.10
I was in a long position on this which i was stopped out on friday. I usually ignore the friday closing hrs due to lack of volume but price seemed to fall during the last few hrs and i ended up taking a short play. This is a classic retracement play coming off a period of consolidation (which i originally thought it was going to break higher) but I reversed my...
Throughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily. I'm basing this trade based off of that momentum and on a simple trend-contination setup. As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im...
USDCHF has broken out of the descending trendline where it also re-tested last week. This is highlighted by the yellow boxes which indicates bullish momentum can be anticipated. Currently Price is about to break that dark grey box and should it break, Im looking for around a 150pip gain trade with a expected target of around .9660
After the run up we saw in this pair yesterday, we are seeing a pull back or consolidation which is natural. Im expecting price to retrace atleast back to the green trendline with an expected target of around .7160
Same play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links) Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days. Expected price target for this play is 130.90
I do already have a USDJPY short play currently but that is based on the 1hr chart, this is essentially the same play but enlarged on to the 4hr which offers me more room for profit. The expected target for this 120.50 as opposed to the 1hr chart, the target is about to get hit pretty soon
The downtrend momentum is clearly carrying on from ysterday and all this week. After a successful trade i had on this pair which was played on the 4hr chart (attached in the linked ideas), this is simply the same continuation play and based off the same rationale. Expected Target 94.30
Attached to this is the before image shot + the analysis n the rationale behind it. Price just reached its target now, banking in over 250+ pips in profit! Should price keep falling the CS levels are the ones to watch
Another trade that I'm currently in. This trade is based off the risk-aversion fear that is currently exists right now due to everything related to Greece and the Euro which is playing out across most equities indexes in general. As always, as long as the green trendline holds, I'm expecting further selling pressure and the downtrend to continue. My target is at...
Alot of people have mixed views on the EURUSD right now mainly due to the confusion on the daily chart but both the Monthly and Weekly is clearing showing some potential downward selling pressure exists. For that reason, along with all the stuff going on with Greece and the EU right now, I believe the daily chart is finally lining up to this view on the short...