EMkioko

EMkioko

Argument based on the bullish flag formed by the recent price action. Waiting for a strong bullish print just above the greyed support zone below current price to support my argument. If however prices breaks below the support zone, my bias is invalidated.

EMkioko

Am basing my argument on the bearish flag that has been printed in the recent price action. Bearish flags are characterized by the small wicky candles that print against the trend, a sign a market has paused a bit before the continuation of the trend with a major move. This from my backtests have always been high probability setups. We shall revisit to see how it goes.

EMkioko

A bearish big shadow just printed on usdchf. Big shadow optimizers: -Prints on a S&R zone -Higher high and Lower low than prev candle. -Candle total engulfs prev candle. We have a nice risk reward here

EMkioko

A moolah trade is a reversal signal similar to a double top. Only difference is that the second leg of the moolah is lower than the first leg. I usually have a 1:1.7 target or maybe enter on a retrace. Highly doubt we will see one here now though.

EMkioko Updated 

Kangaroo tails are reversal signals. Kangaroo tail optimizers are: 1. Prints on S&R zone. 2. Long tail small body 3. Space to the left

EMkioko

A bullish Kangaroo tail has printed once more on Gold. Valid reversal signal even though gold seems to be in a strong bearish trend. I'm loving that a big engulfing candle printed after the KT to signify more buying pressure. Lets wait and see.

EMkioko

Took this trade based on the reversal kangaroo tail that printed on the intraday level. Let's see how these plays out. Rules of trading the Kangaroo tail: Space to the Left. Prints on a S&R zone. Long tail small body Body in the upper 1/3 of the candle or the sake of a bullish KT

EMkioko

This pair just printed a Kangaroo tail on a major zone. Price hasn't been in the zone for quite some time hence the presence of space to the left. We got at least a 1:2 Risk reward. Worth the trade i see.

EMkioko

Audusd is approaching a major trendline on the daily. The pair could drop hard today or in the very near future if a good bearish signal prints at the current zoe

EMkioko

-This pair has me seeing price break out of a consolidation from which i would be interested in taking a last kiss trade -I will wait for price to retrace back to the edge of the box at 0.8907 and if price prints a strong bearish candle there, i would take the trade and eye price 0.8820 as my target. -Another way am looking to trade this pair is by placing a...

EMkioko

-Price forming big bullish candles after breaking the bearish trendline is a good sign of the market changing from the consolidation to continue moving up. -Another possible scenario is we could see price jump back into the consolidation and continue ranging between the prices 1.0970 and 1.0840. -A successful close of price above 1.1012 with a support on any...

EMkioko

Hello traders, -I have an interesting subject on Risk management on this post. -Most traders struggle with risk management, how much to risk per trade, what lot size to use, etc. etc. I know this because I struggled too before I sat down and thought hard and wrote this. -What are your thoughts on the same? -Critics will highly be appreciated too as we try...

EMkioko Updated 

Ok, Here i can see price squeezing in, in consolidation to form a bullish flag. -A big shadow then prints to confirm a continuation in direction to the uptrend. -Here are the optimizers of a big shadow. -Candle has a higher high and a lower low than the previous candle. -The Big Shadow has the widest range of the previous 6-10 candle sticks. -The...

EMkioko Updated 

I have a bullish bias on UJ. -Price has been steadily going down for the better part of the previous week and managed to drop to 133.50 -A support turned resistance had been created at 134.68 but it has since turned to support, with price making atleast 3 touches on the same zone and ranging within the next level at 135.30 -Am anticipating a bullish break above...

EMkioko Updated 

-Usdcad has created support at 1.33637 with a nice bullish candle printing. -I would have preffered to see a Big shadow which closes above 1.34065 as a good bullish confirm but that is not the case today. -For this reason i will be using trade stops instead. My sentiments are open as i will be placing a buy stop at 1.34100 as price will have broken above the...

EMkioko

Am taking a closer look at the 50ema which is acting like a good support of the trending bullish market. -Anticipating for price to make a breakout of the box where price has been ranging and to continue rallying up. -Am yet to find a favourable bullish signal at this point but my eyes are keen on either of the following candle prints: 1. Kangaroo tails ...

EMkioko

Waiting to see how this pair will react. -As you can see, price is just ranging. Trading within a box. -A break out is coming. -133.79 seems prety strong. If it holds, we could see usdjpy continue to rally upwards. -On the other hand, if 133.79 breaks we could target 133.334 as our take profit.

EMkioko

-Market has printed a kangaroo tail on the intraday level. -Good bearish signal as a kangaroo tail signifies exhaustion Characteristics of a kangaroo tail are; 1. Prints on a support and resistance zone 2. Long tail but small body 3. Bearish kangaroo tails should have their body in the lower third of the candle. A stop loss is placed a few pips above...