EverythingForex

EverythingForex

Just for fun! Maybe this can be a pattern! Anybody want to test the ratios?

EverythingForex

UPDATE: Well, obviously those last 2 patterns failed and the ensuing price action pretty much just threw all my analysis out the window! Just hate when that happens! I can accept losing trades as they are a fact of trading but I HATE tossing out some good hard work! Oh, well. On to the next trade. But hey, all was not lost! Overall, was able to pull almost 200...

EverythingForex

When there is a confluence of patterns that point in the same direction, there's probably a good chance that SOMETHING will happen around that point. And we have that possibly happening here soon. On my chart, I've identified TWO patterns that have confluence: a bearish butterfly and a beraish Gartley pattern. Both patterns D points are very close to one...

EverythingForex

After hitting on the Gartley for a combined +106 pips, the cypher has hit TP1 for another +35 pips. Now I am holding SHORT for TP2 to hopefully bag another 58 pips. Before I get into why, let's put things into some context. The way I trade is to always know what is happening overall, i.e., the BIG picture. Right now, this pair is in the consolidation phase after...

EverythingForex

UPDATE #2 (Again, excuse me for late posts. Still having technical issues...) After bagging combined +106 pips on the gartely trade, followed that up with the bearish cypher being filled and a very quick TP1 hit for another +35 pips. So now what next? Well, first a little bit of context as to what is happening right now. Back-to-back patterns happen for a good...

EverythingForex

UPDATE #1: The bullish Gartley I posted about has hit both TP1 & TP2 for a combined +106 pips profit. The bearish cypher pattern was also quickly filled and now prices have already started retreating from there. If you got in on the bearish cypher and are now SHORT, I would caution against getting greedy and shooting for TP2 via the cypher. Price action is...

EverythingForex

UPDATE #4: Updating my post on "UPDATE #3: GBPUSD: Bearish Cypher & Bearish Crab BOTH Completed" (see Related Ideas) As I'm writing this, TP1 was hit to book +89 pips profit. At this time, PA looks good to hit TP2 as I am expecting more downside to this pair. In addition, I've added a POTENTIAL Bullish Shark pattern to look out for should prices get down that...

EverythingForex

Just real quick here because I had not posted about this Gartley although I took it (don't have time to post every trade I take but I do my best!). The Gartley was also supported by the extended former neckline of the H&S pattern that I posted about last week. Now I know, trend lines are kind of subjective as traders usually draw them to "fit" what they want. In...

EverythingForex

UPDATE #1: "Analysis: EURUSD: LT* Outlook + ST* Bear Bat OR Bullish Cypher" In the previous post on this pair, I mentioned that if prices were to not complete the bearish Bat pattern abd trace down along the lines of the bullish cypher pattern, I would look to go LONG upon the completion of the bullish cypher looking to go with my LONG TERM analysis (see Related...

EverythingForex

UPDATE #3 on this pair: the bearish crab was completed last week but the bearish cypher had not yet been completed as of Friday last week. But as I mentioned in my post (see Related Ideas: "UPDATE #2: GBPUSD: Bearish Cypher + Bearish Crab Completed"), I was still expecting that the cypher would be filled and I said I would hold off on taking any trade until the...

EverythingForex

Last week I posted several posts about this pair. So far, all is going as anticipated. One was my longer term analysis on this pair (see Related Ideas: "USDCAD: So, You Wanna Go SHORT? B4 You Do, You Should Know..") In my other posts, I alerted about a POTENTIAL Bullish Crab pattern that was also developing (see Related Ideas:"UPDATE: USDCAD - Totally USELESS...

EverythingForex

*LT = Long Term *ST = Short Term Last week, I posted a long term analysis on this pair outlining a bearish flag being formed on the Daily Chart and outlined a case for going LONG on this pair. I also posted a bearish crab pattern which hit target 1 for +206 pips.. (see Related Ideas: "UPDATE #2: EURUSD Bullish Crab Pattern - A Case To Go LONG"). Well, this...

EverythingForex

Tp1 and TP2 hit on both these trades. Both were easy no-sweat, no pain trades. Wish they were all like this! This is the power of having a trading plan, guys! If you followed the plan, you booked an easy 152 pips. This isn't to brag but to show how having a trading plan and more importantly STICKING TO IT is an essential part of trading success. You must stick...

EverythingForex

This was a trade I posted about a couple of times (see Related Ideas). To keep things short here, both targets are hit. But now what? I'm still bullish long-term about this pair. See my long-term analysis (EURUSD Bullish Crab Pattern - A Case To Go LONG). So am I holding onto my LONG positions now? The short answer is NO! I am booking my profits and relaxing for...

EverythingForex

Ok. The bear crab is completed but not the cypher....yet. Keep in mind that crab patterns tend to complete aggressively and not surprising that prices will move into the crab's PRZ and sometimes deep into the PRZ. I added the crab PRZ here and yes, it is kinda large. but the reason for it is to illustrate that I'm actually looking to the cypher to place my SHORTS....

EverythingForex

This bullish deep crab pattern is near to complete. Be on the watch for it.. When it does, I will look to open LONG positions on this pair. In addition, the RSI is now already in oversold condition and upon the crab completing, should still be so. Also, bear in mind my long-term outlook on this pair. See Related Ideas for that analysis.

EverythingForex

In my previous in-depth analysis of this pair (see Related Ideas: "GBPUSD: Quick & Clean Analysis - POTENTIAL Bearish Cypher"), I gave my reasons for thinking this pair is now in an uptrend. I'm not going to rehash the reasons here. Please go read my analysis I just mentioned. What I wanted to do here is to add that there is also a bearish crab pattern that would...

EverythingForex

Targets 1 and 2 are hit on the first (blue) bearish crab. Closed SHORTS on TP2. Now looking for the second crab to complete BUT NOT opening any new LONG trades here. I am already holding LONG positions on this pair as per my longer-term analysis. See Related Ideas: "AUDUSD: Analysis, Bearish Crab & Why You Should be Looking DOWN". Will look to open SHORTS only...