A lot of my radar today going around my trading portfolio including the EURUSD. After being stopped out for a loss on yesterday’s bullish Bat pattern, we re-did our IPDE process and started making predictions for our next opportunities. I still don’t see a structure level that I’m a fan of on this pair that is until/unless we get down to the 1.1000 area, but the...
Following up on yesterday’s EURUSD analysis, the market reached my killzone and we saw a slight bullish bounce as previous resistance turned into support. We have now made our way back down into that zone, but this time the ebbs and flows of price action have set up a potential advanced pattern in the form of a bullish bat. If you’re a Syndicate member, check...
I’m not even going to lie to you guys. I have no idea what the next move is on the Euro. As I told my training course clients yesterday, right now I’m in defense mode as I don’t want to give any of this years gains back trying to get cute in these crazy markets. With that being said I have gotten messages here on Tradingview to share my opinion and do some...
In yesterday’s post I mentioned that the EURUSD was at a decision point. Well, it looks like the markets didn’t decided to go with my decision to get short as I was stopped out on the 2618 opportunity. Luckily Jason had a monster day in the Syndicate bringing in just under 300 pips himself. That’s what friends are for! Now that the Euro has broken and closed...
As price action makes its way back up towards previous structure highs, we’ll reach what I like to call a “decision point” in the market. I call it that because it’s at this point where our “IF/THEN” thought process comes in today play in our decision of whether to go long or short. Because we have yet to break structure, I won’t touch on the long option, but...
Today should be a very important day for the EURUSD as we have both CPI and FOMC Meeting minutes coming out for the USD at 8:30am & 2:00pm (NY) respectively. Like many pairs as of late the Euro is currently at a spot right between structure levels where I have neither buying or selling interest. Hopefully today’s releases will push price action to either support...
I wanted to title this post What’s Going On With The Euro? Because I honestly don’t have a clue. With the lack of movement in the markets, it’s been really difficult to get a true read on certain pairs since they just aren’t moving too much. With no major news out today and CPI & FOMC coming tomorrow I’m expecting more of the same today. None the less, it’s still...
Not too much on my radar today, which is perfect since I prefer not to be actively trading on Monday’s. With that being said, something that I have my orders locked and loaded on for later on is this potential bearish bat pattern on the USDJPY completing at 125.09 right around a 4hr supply zone. This one may also be worth watching as it approached 125 even as we...
As you can see, lots of potential action here on the GBPJPY following our Rising Wedge from earlier in the week. Yesterday I recorded a video talking about this rising wedge as well as a MUST own trading book, so make sure you head over to my Youtube page and check if you if you haven’t already “A Trading Book Must Own & Trading Simple Patterns”...
If you saw my post yesterday then you know that I’ve been waiting for a potential short on this pair. (Here’s the video link explaining the trade www.youtube.com) My initial killzone was pretty large and after a brief test of the bottom levels of it, price has rallied back to the top providing me with the opportunity that I was waiting for. The reason I didn’t...
Hey guys, it’s great to be back. My body is still adjusting to the time difference but my mind is feeling very stimulated looking at charts once again. I have a few ideas in my mind about the EURUSD for short and long term selling opportunities. The short term opportunities are will be more served for my intraday/day trading so we’ll go over them in my Live Room...
Hey guys, we've been watching this potential setup for a while & price action is finally in striking distance of you D point completion. Therefore I wanted to repost this chart just as a heads up. Keep an eye out for the *ADP Number at 8:15 Eastern. I'm heading out of town so there will be no more post from me this week, however I did leave you guys a short...
I’m looking at a rising wedge type of pattern forming here on the USDJPY that is working it’s way toward a pretty significant level of structure (look left). We typically see a breakout to the downside with this type of setup as it represents the market losing steam after a high volume move. I’ll be looking for short opportunities on this pair in the Live Trading...
Here on the EURJPY we have a potential 2618 setup in the works. I say potential because I have no clue what the future of this current leg is, all I can do is Identify, Predict, Decide & then Execute. Here’s a link where you can take the FREE training on this particular strategy (tradeempowered.com ) but essentially, what I’m looking at is a double bottom...
Not a lot on my radar this morning which is perfect seeing how Monday’s are typically days where I let the markets wake up after the weekend. One pair that I’ve been continuing to watch closely has been the EURUSD which has provided a lot of opportunity over the past month or so. The chart before you shows a potential bullish Gartley pattern completing extremely...
Hey gang, first of all thank you for all of the great comments on yesterday's youtube video "How Do Know If My Trading Strategy Is Failing" (www.youtube.com) You guys said that you've learned a lot and please continue to let me know exactly what that was in the comments section on Youtube. Today I've got bearish cypher patterns on both EURJPY and EURAUD on my...
After stalking the EURUSD this entire week, price action has finally made its way down into my kill zone and has also given me a reason to get long in the form of a bullish bat pattern that completed during the early London session. There are so many ways to take targets on this trade and instead of laying them all out I’ll just ask you these questions. Why are...
A few weeks ago I made a very controversial call on the USDCAD looking to go long despite a major level of resistance and an advance pattern on the higher timeframe. (You can see the video explanation of that trade here www.youtube.com) Well after finally being taken out for the remaining part of my position Canada has come back to a level that looks prime for...