KoolAid

Message Follow Following Unfollow
About me I've been drawing lines on charts for a long time, K.I.S. Keep it Simple. Patternz, Bulkowski, Elliot Wave, Fibs, Rocks, Rolls...and Black Majik©
Joined U.K.
Kool
Markets Allocation
80 % forex 20 % other
Top Mentioned Symbols
GBPUSD 40% | 4 EURUSD 30% | 3 FX_IDC:XAUUSD 10% | 1 FX:XAUUSD 10% | 1
KoolAid KoolAid XAUUSD, W, Long ,
XAUUSD: XAU/USD: Long@descending support line of wedge 1065/70.
47 0 1
XAUUSD, W Long
XAU/USD: Long@descending support line of wedge 1065/70.

Descending wedge has actually been in formation since June 2013 as can be seen clearly on weekly. It's a strong pattern which also has another descending wedge within it, in formation since the start of this year. Trade rangebound within smaller wedge for now and go long from the bottom of descending support 1065/70. As you can see it fell out of small ascending ...

KoolAid KoolAid GBPUSD, D, Short ,
GBPUSD: GBPUSD:Bearish bias in d-wedge to cont.Bounce first within range
55 0 2
GBPUSD, D Short
GBPUSD:Bearish bias in d-wedge to cont.Bounce first within range

Unless there is a break to the upside out of descending wedge, this is still a longer term sell as bearish bias continues with price trading range-bound. However, do expect a bounce up from descending support trend-line first after completing a touch of descending trend-line then a small bounce to 1.51670's or if it gains momentum slightly higher around 1.52900's, ...

KoolAid KoolAid EURUSD, 60,
EURUSD: EUR/USD - Hourly 'Helter Skelter'
212 3 6
EURUSD, 60
EUR/USD - Hourly 'Helter Skelter'

Up for another back test of old broken ascending channel - support turned resistance - around 11040/11050. Then down she goes for test of descending channel support around 10863/10847. Long then Short. https://youtu.be/POPpgnbhVUA

KoolAid KoolAid XAUUSD, W,
XAUUSD: XAU/USD: Descending Wedge or Channel?
51 0 4
XAUUSD, W
XAU/USD: Descending Wedge or Channel?

I've seen a few charts with XAU/USD trading within a channel. However, if I was to presume a temporary top was in and switch to a weekly chart a descending wedge seems a better fit. It also seems a better fit when flicking to the daily too. The only consideration is taking the two January candles which popped out as fakeouts, which I have no problem with as when I ...

KoolAid KoolAid EURUSD, W,
EURUSD: EUR/USD: Channels & Tunnels & The Big Picture - Big Bottom Near?
261 10 7
EURUSD, W
EUR/USD: Channels & Tunnels & The Big Picture - Big Bottom Near?

"Can It Be That It Was All So Simple Then?" The Euro came into existence on 1 January 1999, although it had been a goal of the European Union (EU) and its predecessors since the 1960s. After tough negotiations, particularly due to opposition from the United Kingdom, the Maastricht Treaty entered into force in 1993............ ......"1993 exoticness. Know What ...

KoolAid KoolAid EURUSD, D, Short ,
EURUSD: EUR/USD Short - 2 failed backtests to regain channel after break
46 2 3
EURUSD, D Short
EUR/USD Short - 2 failed backtests to regain channel after break

After the channel break, we have now completed 2 backtests with Monday and Tuesday's candles. Both candles failed to even pierce old support, now resistance, suggesting more downside. Fib downside targets on Friday's chart.

KoolAid KoolAid GBPUSD, 240, Short ,
GBPUSD: GBP/USD - break of support and backtest, seen clearly on 4hr.
42 0 3
GBPUSD, 240 Short
GBP/USD - break of support and backtest, seen clearly on 4hr.

Firm resistance of 12 day EMA on this moving average tunnel set up gave confirmation of short signal after previous candle's piercing wick, the candle opened below support and failed to recover meeting resistance at 12 day EMA. View my daily chart to see better the symmetrical triangle within a descending wedge giving an overall BEARISH picture - trade rangebound ...

KoolAid KoolAid GBPUSD, D, Short ,
GBPUSD: GBP/USD - Bearish, symmetrical triangle (broken) within d-wedge
35 0 2
GBPUSD, D Short
GBP/USD - Bearish, symmetrical triangle (broken) within d-wedge

Symmetrical Triangle within descending wedge = BEARISH. A piercing wick through ascending support (seen on 4hr) this morning gave the game away. After a lift back up back-testing old support, now resistance (again - seen clearly on 4hr time-frame) was the signal/opportunity to go short.

KoolAid KoolAid GBPUSD, D, Short ,
GBPUSD: GBP/USD - Descending wedge - trade rangebound until break.
277 0 6
GBPUSD, D Short
GBP/USD - Descending wedge - trade rangebound until break.

Co-coinciding with last weeks candles all failing to break descending resistance at top of wedge as expected and after the bearish open and close below 12 day EMA came a close below the 34 day set on close. This is the bottom average on this m.a tunnel set up and is another bearish indicator suggesting more downside. I'd suggest a temporary reprieve at 61.8% fib ...

KoolAid KoolAid EURUSD, D, Short ,
EURUSD: EUR/USD SHORT and stay SHORT until 1.08686 first downside target
262 0 5
EURUSD, D Short
EUR/USD SHORT and stay SHORT until 1.08686 first downside target

The second this broke 12 day moving average with cross down through 34 day on high of m.a. tunnel set-up and simultaneously through coloured m.a. tunnel set up (EMA 169, hl2), was the short signal. Using Fib expansion from swing high @ 1.17140 to swing low @ 1.10874 to swing high @ 1.14952 gives first downside target to 1.08686 @ 100% fib expansion, If this ...

Last visit
9
0
42
Message Follow Following Unfollow
Last visit
107
1
463
Message Follow Following Unfollow
Last visit
288
28
1693
Message Follow Following Unfollow
Last visit United Kingdom
18928
1155
147488
Message Follow Following Unfollow
Last visit United Kingdom
7180
321
52434
Message Follow Following Unfollow
Last visit
28
17
162
Message Follow Following Unfollow
Last visit UK
445
14
1731
Message Follow Following Unfollow
Last visit WORLD
27172
905
151022
Message Follow Following Unfollow
Last visit
2630
349
11684
Message Follow Following Unfollow
Last visit India
905
218
4086
Message Follow Following Unfollow
Online
15763
4162
136771
Message Follow Following Unfollow
Last visit Maldives
3477
317
25875
Message Follow Following Unfollow
Last visit USA State of Tennessee - Nashville
175
22
948
Message Follow Following Unfollow
Last visit
20
0
98
Message Follow Following Unfollow
Last visit
9
0
39
Message Follow Following Unfollow
Last visit Buenos Aires, Argentina
6376
1420
66131
Message Follow Following Unfollow
Last visit Australia
15
4
187
Message Follow Following Unfollow
Last visit Iran-Tabriz
524
480
8609
Message Follow Following Unfollow
Last visit EARTH
24311
898
109782
Message Follow Following Unfollow
Last visit Singapore
1373
1070
11240
Message Follow Following Unfollow
Last visit New York City
529
578
7820
Message Follow Following Unfollow
Last visit SWITZERLAND
15869
1103
107511
Message Follow Following Unfollow
Last visit
4393
707
27094
Message Follow Following Unfollow
Last visit Kansas City
5394
27
16774
Message Follow Following Unfollow
Last visit SINGAPORE
30969
1546
170402
Message Follow Following Unfollow
Last visit Buenos Aires, Argentina
6376
1420
66131
Message Follow Following Unfollow
Last visit United Kingdom
18928
1155
147488
Message Follow Following Unfollow
Last visit
647
75
3439
Message Follow Following Unfollow
Last visit Durango, Colorado - USA
5091
632
24670
Message Follow Following Unfollow
Last visit
9
0
42
Message Follow Following Unfollow
Last visit Australia
15
4
187
Message Follow Following Unfollow
Last visit Iran-Tabriz
524
480
8609
Message Follow Following Unfollow
Last visit Bangladesh
1218
257
9121
Message Follow Following Unfollow
Last visit
3109
680
19318
Message Follow Following Unfollow
Last visit Edmonton, Canada
468
138
1644
Message Follow Following Unfollow
Last visit United States
6219
5730
56557
Message Follow Following Unfollow
Last visit Russia
32212
880
219628
Message Follow Following Unfollow
EURUSD
Euro Fx/U.S. Dollar
Follow Following Unfollow
GKP
GULF KEYSTONE PETROLEUM LTD COM SHS USD1.00 (DI)
Follow Following Unfollow
GBPUSD
British Pound/U.S. Dollar
Follow Following Unfollow
Market
Browse
Type
Browse
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out