Hope you guys had a great weekend! As promised in my latest video we had a SPECTACULAR Q&A session yesterday with one of the main topics being alternate entries for advanced pattern formations (something that I'm not a fan of at all) In this particular situation we have TWO potential Advanced Pattern Formations providing you with different levels of risk so there...
We saw this earlier in the week on the DAX, but chart above features a completed 2618 trade that is now looking to potentially complete a bullish Advanced Gartley Formation down at the .9957 level. This type of trade represents a perfect example of when to use a "Stop and Revers" (SAR) in order to liquidate the remained of the original positions and immediately...
Looking at the USDJPY we have a completed Gartley Formation, Rising Wedge & AB=CD pattern completion at the same level.
Not too much on my Forex watchlist so I took a few minutes to scan through a few other markets just to get the eyes warmed up for today's trading (going off of Charles Warroom Topic of "hitting the trading gym"). Price action on the DAX typically works very well with my style of trading so I love performing analysis & making predictions on it. What we have is a...
Hey traders, welcome to a new week and a new month of trading! Here on the EURAUD we a bracketed order situation where we have two potential advanced pattern formations setting up in a both a bullish & bearish Gartley formation. With many of these markets still looking to be in consolidation, these are the times when we want to stay alert for pattern formations.
Hey traders! Looking at a potential bearish Advanced Gartley Formation setting up here on the EURJPY. LOOKING LEFT at the predicted "D" completion price you'll also notice that this level has recently been respected as both previous structure support and resistance. The "A" leg of the Gartley Formation also represents a break and close below previous structure...
Typically a rally is what i would expect from this type of falling wedge formation, however because it's in the middle of nowhere the bullish move isn't on my radar. What would be on my radar is a move back up into previous structure support which could potentially act as support now looking for a continuation to the downside.
Hey traders! Looking at a potential bearish Advanced Gartley Formation setting up here on the EURJPY 0.00% . LOOKING LEFT at the predicted "D" completion price you'll also notice that this level has recently been respected as both previous structure support and resistance . The "A" leg of the Gartley Formation also represents a break and close below previous...
As always I like to spend sometime fine tuning my chart reading skills by performing analysis on pairs outside of my trading portfolio. Here on the NZDJPY we have a potential bullish bat formation along with a potential abcd pattern lining up at previous structure support.
After holding higher timerframe resistance the USDCAD has made 220+ pip move to the downside and has now found previous structure support. I like to call this area a "decision point" when doing my analysis because a few trading opportunities are offered at this level depending on how price reacts. 1) IF support holds THEN we have a potential buying...
After a pain free win on yesterday's bearish Cypher formation (you need those sometimes), price action is now making it's way back down to the Cypher lows, which if you bump out to a higher timeframe also represents the "B" leg of a potential bullish advanced bat formation. Once my day trading day begins (at 8am NY) I'll be eyeing this level for potential long...
Happy Friday traders! Here on the hourly time frame the EURJPY is providing us with a goo example of what could end up being an AB=CD pattern. This was one of the first simple patterns that I learned to trade, and I also learned the hard way that trying to take every single one would land me in the poor house. Although i don't trade it on it's own, I routinely...
Hey traders here's a hard version of the trade I showed you in today's video (You can find the link to my youtube page in the "signature section" below). Previously we were watching and involved ourselves in the ascending triangle breakout. Now that price action has returned to our previous level of potential structure support, we'll be keeping an eye out for...
I usually say that I don't do too much charting on Monday's because the markets are usually slow. Well today the market is making me eat my words as I've already four Advanced Pattern Formations Complete along with numerous other potential opportunities under close watch. This opportunity is a potential bearish Gartley Formation with a deep "D" completion due to...
As price action blew through the potential double top that we were watching this morning in the Live Trading Room, we had to throw the idea out and start looking for other opportunities. Currently we have a setup on USDCAD that I really like. It's called a rising wedge. This setup starts with a strong bullish move then as selling pressure starts to enter the...
Happy 1st official NFL weekend to you traders! During halftiem of the Cowboys v. Giants game I decided to perform a quick round of analysis to see if anything needed to be watched prior to my trading week and I actually found a handful of pairs that interest me. One of which is the USDJPY where we have a potential bullish Advanced Cypher formation in the works,...
Keeping a close eye on USDCAD this morning as price action makes it's way into previous structure resistance. I like to call these areas of the market "Decision Points" because depending on how price action reacts at this level, I'll know whether to look for a long or short opportunity. If you take a look at the RSI we've become massively overextended (above the...