Good morning traders, I am currently doing my trade plan for this week.
Will be posting it up when I am done with it within the next 2 hours.
Do look out and download it if you find my trade setups posted here useful and beneficial in your trading.
I see a daily ABCD completion on AUDCAD.
Do not attempt to short this pair unless it challenges the zone I...
Hey guys, just sharing some stuff I learnt from Scott.
This is an example of a bearish shark setup on AUDUSD.
It has perfect confluence at 0.7645 with a 113 and 1618 fib confluence.
I missed the 1st opportunity to sell last Friday and I have been patiently waiting for a retracement for a type 2 entry.
I would have hit SL on this trade if i executed this trade...
Hey traders, I am sure many of you guys trade Harmonics here.
Just sharing a simple setup which I have used to increase my winning % in trading Harmonics.
I learned directly from Scott Carney and I am more than willing to share whatever he taught me.
1. Draw an ED channel in the H4 or higher setup.
2. If channel is sloping down, look for bearish harmonic...
Hey guys, I will be watching USDCHF for a potential short next week.
This is happening at the extreme of a channel.
As the channel is sloping up, my preferred bias is actually to buy low.
However, this could still work out nicely for us if we stay patient and only get in when we see reaction at the PRZ.
Please do not use a pending order, I will keep you guys...
Hey traders, today I will be sharing I will trade the AUDUSD after NFP.
Next week there are 2 key pieces of news. (GMT +8)
1. China trade balance results on Tuesday
2. US presidential election on Wednesday
I do not have the magic ability to predict news results, I just tell myself that the market will move quite alot these 2 days.
The charts are telling me...
Hey guys, just an update on CHFJPY.
I am watching this bearish shark short just above Oct high around 106.70- 107.80.
This is not the best kind of setup as I could not draw any ED channel on it.
However, I am predicting a false breakout on this pair where I can short with confidence.
These are the criterias I will monitor before entry
1. RSI divergence
2....
Hey traders, we have an opportunity to short GBPUSD next week.
On H4 , we are shorting near the extreme high of the ED channel.
On H1, we see a bearish shark completion around that level.
Also, we the level I am looking to short just happens to be at last week's high.
With all these factors in place, I want to monitor the zone between 1.2260 - 1.2270 for a...
Hey guys, I see a nice trending harmonic pattern on EURAUD.
A bearish shark will complete just above 1.46.
The PRZ zone is between 1.46 - 1.4615.
At this zone I will monitor for 2 conditions before entering my short.
1. RSI divergence
2. Candlestick reversal at PRZ
Do not use a pending order.
Good weekend guys!
Hey traders, I am interested to short AUDUSD around $0.77 -$0.7710.
I will monitor candlestick reversal as well as RSI divergence before confirming my entry.
Will keep you guys posted of my levels.
No pending orders as usual!
Hey guys, I seldom trade oil, but I do see a good setup coming up on it.
Oil is trending up.
It is close to the extreme low of the ED channel.
I see a potential HNS completing in H1.
This will be the levels I am watching.
EP: 50.35
SL: 49.60 (75)
TP: 52.40 (205)
Again, I hope to see some reaction at my entry zone before I enter.
Do not use limit orders....
Hey guys, am watching CADCHF closely for the next few hours.
I see a bearish shark completing at the extreme of a daily down-sloping ED channel.
This is a perfect setup for me.
Next, I will monitor some form of RSI divergence upon retest/rejection of 0.7570-0.76 before executing my short.
Trade will be invalidated if price just break above this zone...
Hey guys, I am watching CHFJPY.
105.57- 105.62 is the zone I will be interested to go short on a bearish shark pattern.
I will monitor RSI for divergence/overbought before I execute my short.
EP: 105.57
SL: 105.90 (33)
TP: 104.40 (117)
Potentially a 1:3 risk to reward trade.
Will notify when I go in.
Do not use a pending order!
Hey guys, just took profit on the EURJPY short we took last week. +110 pips!
The new few hours/days, I will be monitoring this pair for a chance to reshort it around 115.40 on a gartley pattern.
Will wait for some sort of RSI divergence and candlestick reversal before I execute my short.
Thanks for following me, may the pips be with you!
EP: 115.40
SL: 115.90...
Hey guys, just gone long on USDJPY at 103.65.
SL 103.30(35)
TP 104.40 (75)
Bullish shark completion that aligns with the bigger trend.
Tight stops and profits.
Hey guys, I am watching AUDUSD.
If it comes back to 0.7580, I will be shorting to ride the trend.
EP: 0.7580
SL: 0.7610 (30)
TP: 0.7505 (75)
Take harmonic trades aligned with the higher TF trend, it will definitely increase your winning %.
Will update when I get in.
Hey traders, just sharing some experience I have trading harmonic patterns for 6 years now.
This is a example of a trade setup that I will not take.
We see a nice bat pattern completing around 1.10.
1. Nice round number
2. Great pattern
But no thanks!
I have learnt that taking trades only at the extremes of a H4 parallel channel increases my winning %...
Hey guys, for the next few trading days, I will be looking to buy EURNZD off the channel lows and ABCD completion.
This is off the H4 chart and I will be looking to buy once price stabilizes around 1.53.
SL will be at 1.52 and TP will go off the 113 extension of the impulse leg at 1.56.
Hey guys, this is my gameplan for EURUSD for next week.
Price has been respecting this downward sloping channel on the daily chart.
I will look to sell once this ABCD pattern completes at the top of the channel.
THIS IS NOT A PENDING ORDER, I have to see some form of
1. Candlestick reversal
2. RSI divergence
before I will execute my short.
SL and targets...
