CarlosPM

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About me I'm a Commerce college student who enjoys studying the flows of the market and the economics behind them. I follow my trading plan in a disciplined way in order to achieve a consistently profitable state.
Joined
Constantly look for alternative ways of thinking
Markets Allocation
96 % forex 4 % indices
Top Mentioned Symbols
AUDUSD 20% | 5 USDJPY 16% | 4 EURUSD 12% | 3 GBPUSD 12% | 3
CarlosPM CarlosPM AUDUSD, D, Short ,
AUDUSD: Potential Cypher Pattern on AUDUSD
70 0 6
AUDUSD, D Short
Potential Cypher Pattern on AUDUSD

I won't execute this trade as it is not within my trading timeframe and I'm also late to it. This is useful for overall market analysis though. Expecting the market to bounce off this resistance area, at the completion of this Cypher pattern. If the prediction is correct, the market shouldn't close above the previous high (X point). We can also see some major ...

CarlosPM CarlosPM USDJPY, 60, Short ,
USDJPY: Potential Cypher Patter on USDJPY
92 0 6
USDJPY, 60 Short
Potential Cypher Patter on USDJPY

Looking for entering a short position if price reaches the 0.786 retracement of the X to C move. Will follow RSI closely too.

CarlosPM CarlosPM USDCAD, 240, Short ,
USDCAD: Potential Bat Pattern at USDCAD
157 2 6
USDCAD, 240 Short
Potential Bat Pattern at USDCAD

Looking for a Bat completion at the 0.886 retracement of the X to A move, along with the 1.618 extension of the A to B movement and the inversed extension of the B to C move. The target area is also a strong area of previous support and resistance. *The B retracement reached 0.500 but didn't close above 0.618*

CarlosPM CarlosPM NZDUSD, 60, Short ,
NZDUSD: Potential Bat Pattern on NZDUSD
19 0 7
NZDUSD, 60 Short
Potential Bat Pattern on NZDUSD

Potential bat pattern completion at the 0.886 retracement of X to C and the 1.618 extension of the A to B move. Will follow price action closely

CarlosPM CarlosPM EURUSD, 15, Short ,
EURUSD: Potential EURUSD Cypher Pattern
74 0 7
EURUSD, 15 Short
Potential EURUSD Cypher Pattern

Potential cypher forming up, finishing on the 0.786 of the X to C move. Also meeting with 1.272 extension of the A to B move. RSI is currently showing some degree of divergence. Will short if price rises to 1.06030. This area has served as both support and resistance in the past.

CarlosPM CarlosPM USDNZD, 15, Short ,
USDNZD: USDNZD Potential Bat Pattern
43 0 8
USDNZD, 15 Short
USDNZD Potential Bat Pattern

Will follow price action closely. There is ratio confluence of a 1.618 extension and a 0.886 retracement, setting the conditions for a bat pattern. Stops are going 15 pips above X, with profit targets at the 0.382 retracement of the A to D move. Also note that the potential reversal area meets with a structure area of past significance.

CarlosPM CarlosPM AUDCAD, 240, Long ,
AUDCAD: AUDCAD Potential Harmonic Patterns Set Up
37 0 2
AUDCAD, 240 Long
AUDCAD Potential Harmonic Patterns Set Up

Potential Gartley pattern (red) and Bat pattern (yellow) forming up on the 4 hour chart in the AUDCAD market. I will update more information on the stops and targets, once the trade develops.

CarlosPM CarlosPM EURUSD, 240, Short ,
EURUSD: EURUSD Potential Cypher Completing at Resistance
61 0 5
EURUSD, 240 Short
EURUSD Potential Cypher Completing at Resistance

On the Weekly chart, we see that the market has been respecting the highlighted area since February 2015. Therefore we can hope that it continues to do so, by keeping an eye on shorting opportunities. We will have to look at alternative trade scenarios if the market breaks above this level. Right now I'm keeping an eye on this potential Cypher pattern completion ...

CarlosPM CarlosPM NZDUSD, 60, Long ,
NZDUSD: NZD/USD Trend Continuation Opportunity
48 0 1
NZDUSD, 60 Long
NZD/USD Trend Continuation Opportunity

Analysing market moves with harmonic ratios and harmonic moves, along with structure. If the market retraces back to this 0.618 I'm going to go long. Stops are set below the previous structure low. Target is set at the previous high, 1.414 level extension and 1.618 inversion, hoping for a re-test of the previous high.

CarlosPM CarlosPM USDJPY, 60,
USDJPY: What's Next?
52 0 2
USDJPY, 60
What's Next?

If the market continues upwards towards the D completion of the butterfly pattern (blue) we could sell the USD/JPY towards the 0.618 retracement of the C-D move. If the maket continues downwards and invalidates the butterfly pattern by surpassing point C, we could buy the cypher pattern (red).

CarlosPM CarlosPM GBPUSD, 240,
GBPUSD: Finding Opportunities in a Mess
71 0 3
GBPUSD, 240
Finding Opportunities in a Mess

The GBPUSD market seems to be setting 3 different potential harmonic patterns within the same area. 1) In blue we have a Cypher Pattern 2) In yellow we see a Bat Pattern 3) In red we see a Gartley Pattern In a perfect world, we´d be able to sell the Gartley all the way to the buying point of the Cypher for example. We can only dream :D. I will update this post ...

CarlosPM CarlosPM AUDCAD, 60, Short ,
AUDCAD: AUDCAD POTENTIAL CYPHER
116 0 2
AUDCAD, 60 Short
AUDCAD POTENTIAL CYPHER

The B point has retraced back to the 0.382 retracement of the X-A leg. C has reached below B and we are now waiting on a completion at the 0.786 of the X-C move. There is also a 1.618 level extension of the A-B leg at exactly the same area. Stops are placed above X. Target 1 is placed at the 0.382 retracement of the hypothetical C-D move and Target 2 is palced at ...

CarlosPM CarlosPM AUDUSD, 15, Short ,
AUDUSD: AUDUSD 15 MIN CYPHER
39 0 3
AUDUSD, 15 Short
AUDUSD 15 MIN CYPHER

Potential cypher on the mentioned pair

CarlosPM CarlosPM EURGBP, 240, Long ,
EURGBP: TREND CONTINUATION TRADE
65 0 2
EURGBP, 240 Long
TREND CONTINUATION TRADE

It could be a good chance to jump in the EURGBP bullish trend. The market has just closed above previous structure highs, and has now retraced back to and area where there is ratio confluence between the 0.382 and the 0.618 of the latest two impulse legs. The RSI also signals over sold at 20 points. Targets are set at another ratio confluence level of 1.272 and ...

CarlosPM CarlosPM EURJPY, 240, Long ,
EURJPY: EURJPY CYPHER
56 0 1
EURJPY, 240 Long
EURJPY CYPHER

There is a potential Cypher pattern formation on the EURJPY, showing RSI divergence, with ratio confluence between the 0.786 and 1.414.

CarlosPM CarlosPM AUDUSD, 60, Short ,
AUDUSD: 60 MIN AUDUSD CYPHER
65 0 1
AUDUSD, 60 Short
60 MIN AUDUSD CYPHER

Cypher forming up on the hourly time frame on AUDUSD. If the prediction is correct, it should agree with an underlying Head and Shoulders pattern (shown between the red lines), and perhaps be the initiating spark of a greater Cypher pattern on the daily time frame.

CarlosPM CarlosPM AUDUSD, D, Short ,
AUDUSD: AUDUSD Cypher
95 0 1
AUDUSD, D Short
AUDUSD Cypher

Unfortunately I'm a bit late to this one, since I've been busy with college lately. We can see that the A-B leg has retraced to the 0.500 retracement of X-A. And the completion point at D lies on the ratio confluence area between the 0.786 retracement of X-C and the 1.414 extension of A-B. This area has also proved to be a strong support before, which could now ...

CarlosPM CarlosPM GBPUSD, 60, Short ,
GBPUSD: GBPUSD POTENTIAL BUTTERFLY
55 0 3
GBPUSD, 60 Short
GBPUSD POTENTIAL BUTTERFLY

We can observe how the price action has created a possible butterfly pattern by point B reaching the 0.786 retracement, point C not going below A and current price action going above X. We can also see some degree of RSI divergence at the over bought area. The execute point for the short entry is unclear, as there is strong ratio confluence between the 1.272 and ...

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