JakeSummers4x

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About me Amateur Forex Trader
Joined JakeSummers4X
He who masters his mind, masters the world.
Markets Allocation
95 % forex 5 % other
Top Mentioned Symbols
GBPUSD 16% | 14 EURUSD 13% | 11 GBPJPY 11% | 10 AUDUSD 10% | 9
JakeSummers4x JakeSummers4x GBPJPY, D, Long ,
GBPJPY: GBPJPY - Fading the inner trendline break
48 0 1
GBPJPY, D Long
GBPJPY - Fading the inner trendline break

Got a big Weekly downtrend with a few inner trendlines broken/breaking. May be exhaustion? Fading back up to previous structure.

JakeSummers4x JakeSummers4x EURUSD, D, Short ,
EURUSD: EURUSD - Sell
78 0 2
EURUSD, D Short
EURUSD - Sell

Break and retest of bullish channel in play. Few bumps on the way down to watch out for. *Daily high test candle hasn't completed yet, so trade idea isn't final.

JakeSummers4x JakeSummers4x AUDJPY, 15, Long ,
AUDJPY: AUDJPY - Bullish Bat on the 15min
25 0 3
AUDJPY, 15 Long
AUDJPY - Bullish Bat on the 15min

Let's see if this one brings in the bacon.

JakeSummers4x JakeSummers4x AUDJPY, 60, Short ,
AUDJPY: AUDJPY - Bearish Bat with AB=CD 161.8% extension completion
42 4 2
AUDJPY, 60 Short
AUDJPY - Bearish Bat with AB=CD 161.8% extension completion

Previous Supply zone with a decent PRZ for a SELL. - RSI Oversold - AB=CD 161.8% completion within CD leg - Fresh Supply zone

JakeSummers4x JakeSummers4x GBPJPY, 240,
GBPJPY: GBPJPY - H4 decision making
39 0 2
GBPJPY, 240
GBPJPY - H4 decision making

Long or Short?

JakeSummers4x JakeSummers4x GBPJPY, D,
GBPJPY: GBPJPY - Daily Outlook
82 0 4
GBPJPY, D
GBPJPY - Daily Outlook

Two scenario's possible for me.

JakeSummers4x JakeSummers4x EURGBP, M, Short ,
EURGBP: EURGBP - Monthly Outlook
50 0 3
EURGBP, M Short
EURGBP - Monthly Outlook

I've had a short bias on this pair for 2 weeks now, with a few successful smaller TF trades (and 1 losing trades). As you can see, on the Monthly TF we're also showing signs of bearish pressure. Monthly - Hanging Man formation complete - Dragonfly Doji almost complete with 3 days trading left this month) - Key support turn resistance Weekly - Bullish channel ...

JakeSummers4x JakeSummers4x GBPJPY, 240, Short ,
GBPJPY: GBPJPY - Bearish Head & Shoulders
39 0 2
GBPJPY, 240 Short
GBPJPY - Bearish Head & Shoulders

The neckline looks to hold this pair's fate in it's hands. Still some strong demand levels needing to be taken out before we break to the downside.

JakeSummers4x JakeSummers4x EURJPY, D, Long ,
EURJPY: EURJPY - bullish outlook?
35 1 6
EURJPY, D Long
EURJPY - bullish outlook?

So i've been watching this pair trade between a tight consolidation zone, and am anticipating a bullish break into strong seller territory. We've got room to move into the descending channel, and stay within bearish rules. But for me, i'm buying this pair up to 127.00, then 128.00.

JakeSummers4x JakeSummers4x USDCAD, W, Long ,
USDCAD: USDCAD - Bullish channel play
52 0 2
USDCAD, W Long
USDCAD - Bullish channel play

I'm keeping a close eye on this for a Weekly reversal signal before looking to go long.

JakeSummers4x JakeSummers4x EURGBP, D, Short ,
EURGBP: EURGBP - Head & Shoulders with bearish RSI divergence
73 4 6
EURGBP, D Short
EURGBP - Head & Shoulders with bearish RSI divergence

Right shoulder presented off the back of the Draghi news. Aggressive entry taken.

JakeSummers4x JakeSummers4x EURGBP, 60, Short ,
EURGBP: EURGBP - H1 outlook
22 1 2
EURGBP, 60 Short
EURGBP - H1 outlook

OK last one of the top down series. H1 - Closer look of CTL break and structure play. Happy trading

JakeSummers4x JakeSummers4x EURGBP, 240, Short ,
EURGBP: EURGBP - H4 outlook
19 0 1
EURGBP, 240 Short
EURGBP - H4 outlook

H4 - Simple structure play: break and close, outside return - CTL break and retest on LTF - Price crossed through 50EMA and came back to respect it twice I'll be looking to sell this down to 0.75250, 0.73200 & finally 0.70000.

JakeSummers4x JakeSummers4x EURGBP, D, Short ,
EURGBP: EURGBP - Daily outlook
22 0 3
EURGBP, D Short
EURGBP - Daily outlook

Daily - Break of rising channel - Retracement into previous structure - Potential for move higher to create the right shoulder of a H&S pattern confirming downtrend - PA showing signs of bearish continuation (high test wicks)

JakeSummers4x JakeSummers4x EURGBP, W, Short ,
EURGBP: EURGBP - Weekly outlook
26 0 2
EURGBP, W Short
EURGBP - Weekly outlook

Weekly - Bearish engulfing - Cross and close below 200EMA - Break and close of rising weekly channel (18 week uptrend) - RSI bounce from overbought territory

JakeSummers4x JakeSummers4x CADCHF, W, Short ,
CADCHF: CADCHF - Weekly outlook
25 0 3
CADCHF, W Short
CADCHF - Weekly outlook

Following on from the Daily analysis I posted, this is the Weekly outlook. We of course don't know what's going to happen, but it's always advisable to stay ahead of the market and prepare for as many eventualities as possible. Option A The red box is the PRZ on the Daily TF. This falls short of the overall down trendline, but sits nicely in a strong Supply Zone ...

JakeSummers4x JakeSummers4x CADCHF, D, Short ,
CADCHF: CADCHF- ABC D1 (reached) & D2 in PRZ
20 0 1
CADCHF, D Short
CADCHF- ABC D1 (reached) & D2 in PRZ

Earlier during the week I posted the Bearish Bat pattern for a sell, inline with a nice fresh Supply Zone. Looking left, we have nice structure for a sell, but it's also looking like a last safety zone before a move higher than our acceptable stops. I've highlighted in red, where sellers are likely to enter the market.

JakeSummers4x JakeSummers4x EURCAD, W, Long ,
EURCAD: EURCAD - Weekly outlook
25 0 2
EURCAD, W Long
EURCAD - Weekly outlook

I'm already long this pair, and moving over to the Weekly you can see a beautiful pin bar forming at the bottom of the channel. There's little in the way of Supply ahead of an extended move higher, so i'll be keeping the HTF in mind with this trade.

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