AuthenticTrader

PRO
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About me Born again, F/T trader, mainly Forex. S/R candle reversals, large TF. Ideas posted = trades I take - simple high probability, low risk. Christ be praised! See my live trades and history on fxjunction under same user name - AuthenticTrader
Last visit Joined 2 years ago
Trading!
Markets Allocation
64 % forex 36 % stocks
Top Mentioned Symbols
STM 9% | 2 USDCAD 9% | 2 GBPNZD 9% | 2 EURJPY 9% | 2
AuthenticTrader AuthenticTrader PRO STM, 60, Long , 3 days ago
STM: STM - Sell off okay - Trust Support, Candles & Count Luke
14 0 3
STM, 60 Long
STM - Sell off okay - Trust Support, Candles & Count Luke

The dark force wants you to sell. On the hourly chart we see a test of support formed by a rising window gap around 14. Short term Elliot count shows this to be wave iV down. Elliot says wave 4 never goes into wave 1 territory, and candle stick resistance of rising window very strong. Hang in there, as I said on my daily post...STM still poised for a move up. If ...

AuthenticTrader AuthenticTrader PRO BGFV, D, Long , 4 days ago
BGFV: BGFV -Long  - Connors RSI Oversold, Elliot says Go!
13 0 3
BGFV, D Long
BGFV -Long - Connors RSI Oversold, Elliot says Go!

I normally wait for a candle reversal, but this looks really good. Lots of volume, price is stalling at a key area of support...former resistance that marked the top of wave 1 in previous impulse wave, now acting as support Connors RSI ( yellow Squares ) registered it's lowest since November indicating extreme oversold. (Check out previous low readings ...

AuthenticTrader AuthenticTrader PRO STM, D, Long , 4 days ago
STM: STM - Another Push UP Say Candles, Broken Resistance, and Elliot
27 0 5
STM, D Long
STM - Another Push UP Say Candles, Broken Resistance, and Elliot

Been riding this pony for while and it is time to jump back in. Two Falling windows have formed, indicating a reversal is due, the top part of the patter forming resistance. Today price gapped ABOVE BOTH of these indicating the pullback failed. Note also on the move up we had four rising windows, all but the last one confirmed. At today's close, we will have the ...

AuthenticTrader AuthenticTrader PRO TELL, D, Long , 5 days ago
TELL: TELL Taking Off - Candles, Connors, Director and Elliot say Yes
31 0 3
TELL, D Long
TELL Taking Off - Candles, Connors, Director and Elliot say Yes

Price just completed a Bullish Hammer. Connors RSI at 10 indicating extremely oversold- Yellow squares mark the four other times this has happened this year. The company's director(s) just bought 24k and 38K, and the corp another 38K. For Elliot it looks like the correction A-B-C wave has completed, and wave C has extended into the area of the previous impulse ...

AuthenticTrader AuthenticTrader PRO FBR, D, Long , 6 days ago
FBR: FBR Long Set Up - Candles, Technicals, and Elliot all say GO!
15 0 2
FBR, D Long
FBR Long Set Up - Candles, Technicals, and Elliot all say GO!

Candlestick Rising Held as support as we have had completion of Inverted Hammer and Engulfing bull patterns at this same level. Connors RSI below 10. For Elliot folks, please check the count that it doesn't violate any rules, and the retracement/correction has moved back down into middle of wave 4 Price has retraced down into wave 4 of previous impulse wave. So ...

AuthenticTrader AuthenticTrader PRO USDCAD, D, Long , 24 days ago
USDCAD: USDCAD Long
84 0 5
USDCAD, D Long
USDCAD Long

Has tested the 1.3000 support area level multiple times, most recently with the completion of a hammer on 1-12 and a bear sash on 1-18.TSI ramping up with this candle completion. I have a position opened at the sash competition on 1-16. Three black crows pattern failed and price made a higher low. I bought two more lots yesterday in the 1.3090 area. Being a ...

AuthenticTrader AuthenticTrader PRO HTZ, 60, Long , 3 months ago
HTZ: HTZ In Wave 3 on Hourly Chart
16 0 1
HTZ, 60 Long
HTZ In Wave 3 on Hourly Chart

Bullish Kicker on daily chart trading close to 52 week low on high volume with Connors RSI(2) overbought at 94. Also was some big buys and an insider buy. I got in at 25.92 ADX is >30, TSI cross and above zero, and it closed above the 60sma. Also a case can be made for the formation of an intermediate impulse wave - starting wave three which will mean a move ...

AuthenticTrader AuthenticTrader PRO EURNZD, D, Long , 3 months ago
EURNZD: EURNZD High Probablity Buy Set up with Good Risk Reward
20 0 1
EURNZD, D Long
EURNZD High Probablity Buy Set up with Good Risk Reward

Lots of good things happening here. Price is at a key support level that has been confirmed previously by two Bullish Engulfing, and has confluence wit S1 pivot support. Two Bullish Engulfings have recently formed. RSI 2 indicates oversold, There was a close below the lower Bollinger Band. Stochastic has moved upend we have a break of resistance of an ascending ...

AuthenticTrader AuthenticTrader PRO AUDCAD, D, Short , 3 months ago
AUDCAD: AUD/CAD Time To Sell ? You give me a reason not to!
20 0 1
AUDCAD, D Short
AUD/CAD Time To Sell ? You give me a reason not to!

Price is at a key longterm resistance area, confirmed by confluence with Pivots R1 and R2. A spinning top / Doji is completing on daily Chart. Doji and spinning tops ordinarily are considered signals for indecision. However in this case, it occurs at key resistance area, there has been a tag of upper Bollinger Band, there is bearish divergence (more clearly seen ...

AuthenticTrader AuthenticTrader PRO USDJPY, D, Short , 4 months ago
USDJPY: USDJPY - Time To Sell - High Probability with GREAT Risk Reward
92 0 4
USDJPY, D Short
USDJPY - Time To Sell - High Probability with GREAT Risk Reward

Trend is down - Price has just pulled back but failed to exceed high of 9-2. Bearish Engulfing pattern engulfs two days of price action, and has tagged upper Bollinger Band. Stochastic has turned down and signal line has crossed as well. Finally my new "confirmation filter" the Connors 2 period RSI has exceeded the 90% threshold, which indicates extreme ...

AuthenticTrader AuthenticTrader PRO EURJPY, D, Short , 4 months ago
EURJPY: EURGPY  Short Set up - High Probability, Great Risk Reward
57 0 6
EURJPY, D Short
EURGPY Short Set up - High Probability, Great Risk Reward

Trend is down, and price has tested this resistance area five times, and did not make a new high as indicated by our Zig Zag. Evening star is forming on daily chart, and we have a tag of the upper Bollinger Band. Checking 4h chart shows several bearish candle reversals - most recently Falling Three Crows, and likewise tag of the upper band. Stochastic has ...

AuthenticTrader AuthenticTrader PRO IBM, D, Long , 4 months ago
IBM: Time To Buy IBM?
30 0 1
IBM, D Long
Time To Buy IBM?

Price had been moving down the lower BB. We now have divergence, a double bottom / W pattern has formed, a tag of lower BB with several bullish candle reversals, and price has broken the resistance level of the W. Stochastic up with signal cross. A true candle purist will wait until price breaks the falling window pattern as that is near term resistance. Can ...

AuthenticTrader AuthenticTrader PRO USDCAD, D, 5 months ago
USDCAD: USD/CAD Sell Set up With Excellent Risk Reward
58 0 2
USDCAD, D
USD/CAD Sell Set up With Excellent Risk Reward

Price has tested this resistance area for 6 months. There is confluence with R1 pivot support. A Bearish Engulfing pattern formed two days ago, and it's resistance was tested by Friday's candle. Rhere was a walk up the BB and now we have a squeeze. There is bearish divergence. Stochastic has turned down and the signal line has crossed. Finally, for Elliot techs, I ...

AuthenticTrader AuthenticTrader PRO AUDNZD, D, Long , 5 months ago
AUDNZD: AUDNZD Inside Day Play with STRONG LONG bias
75 1 4
AUDNZD, D Long
AUDNZD Inside Day Play with STRONG LONG bias

This is about as good as it gets. An Inside Day set up has formed. It is near S1 support, and a three month low. Price has made two higher lows and two higher highs.. There is bullish divergence, a signal line cross of the Stochastic, and price has been walking down the lower BB. Further, If you zoom out to the weekly, you see a hammer has formed and tagged the ...

AuthenticTrader AuthenticTrader PRO GBPNZD, 60, Short , 5 months ago
GBPNZD: GBPNZD Starting Back Down - Couple of Options
21 2 1
GBPNZD, 60 Short
GBPNZD Starting Back Down - Couple of Options

On the daily chart we took a bearish engulfing reversal signal 220 pips down to 1. 785 level, where our trailing stop took us after market reversed - Swing Low. On the 1h chart we now see a possible entry point to get short as it is possible the completion of the three wave correction has completed. Price is near both horizontal, long term diagonal trend lend ...

AuthenticTrader AuthenticTrader PRO NZDUSD, D, Short , 5 months ago
NZDUSD: Ready To Short NZDUSD?
144 8 2
NZDUSD, D Short
Ready To Short NZDUSD?

Pair has been in an uptrend since October '15. Case could be made by Elliot technicians that the pair has just completed an impulse pattern - five waves as shown by the labels. (I am not EW pro by any means, still there is a five wave pattern.) And with a bearish engulfing, break of the upper BB and Stochastic moving down with a signal line cross, we may have ...

AuthenticTrader AuthenticTrader PRO GBPCHF, D, Short , 5 months ago
GBPCHF: Correlation Trade with GBP/JPY
31 0 2
GBPCHF, D Short
Correlation Trade with GBP/JPY

Sell set up for both these pairs as they are both highly correlated with each other (+98%) and both give good signs that short term uptrend is over and market has reversed: On this pair we have shooting star. a tag of the upper BB, and stochastic moving down with a signal line cross. All this has happened at R1 key resistance, along with a very strong ...

AuthenticTrader AuthenticTrader PRO GBPJPY, D, Short , 5 months ago
GBPJPY: Correlation Trade with GBPJPY - Short
42 0 2
GBPJPY, D Short
Correlation Trade with GBPJPY - Short

Sell set up for both these pairs as they are both highly correlated with each other (+98%) and both give good signs that short term uptrend is over and market has reversed: On this pair we have Dark Cloud Cover, with a confirming candle. a tag of the upper BB, and stochastic moving down with a signal line cross. All this has happened at R1key resistance. ...

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