Here we see a butterfly pattern on the Euro, Pound charts. Like most trades i make, i try to find support inside the linear regression channel and here we see the patern complete along the linear regression and the butterfly would suggest that we rally back up into, if not past, the positive standard deviation line. I have placed my targets like any other...
Here I see a Cypher Pattern on the USD/MXN 30 min chart. I believe that the market will rally to the 1.618 extension of the BC leg. This will allow us to enter at the B point giving us exactly a 2:1 risk reward ratio. There is support from the linear regression channel with a standard deviation of 2 and -2, which suggests that the market will rally of the lower...
Here we see a solid cypher pattern on the AUD/JPY charts. I suspect this will rally to the 1.618 extension of the BC leg, as always, remember, consistent strategies make money. I have places my stop at point X and my entry at point B giving my a 2:1 risk reward ratio. I have forecast that the market will likely continue in the linear regression channel, which...
Here we see a butterfly pattern completed on the Eur Aud 30 min chart. We know that butterfly patterns often rally to the 1.618 extension of the BC leg, so that is where our limit is at. Our entry is at point B and our stop is at point D, giving us a 1.39 risk to reward. I believe the rally will take place over the next few hours. Thanks for checking us out,...
Here we see a Cypher pattern on the AUD?JPY charts, supported by a bearish trend suggesting that the market will continue down. I believe that the marker will reverse at the standard deviation and rally to the 1.618 extension of the BC leg. My entry, as always, at point B , my limit is at the 1.618 extension and my stop is at the highest high or point X of the...
Here I see a price action trade along the linear regression line with standard deviation set at 2 and -2. I also believe this may be an Elliot wave cycle. If i remember correctly, the third wave, should be about the same length as the first wave, so i have placed my limit at the 1.618 extension of the second wave, just to be safe (remember, still learning price...
Here we see a bat pattern formed inside the walls of the linear regression line. I belive this gives us enough evidence to institute a price action style harmonic trade. I have placed my entry at current market price because it gave me the opportunity for a 2:1 risk reward ratio; although i do believe that the market could continue in uptrend for a few more...
Here we see a Butterfly pattern on the USD/JPY charts. the patterns is supported by a triangle or wedge shaped consolidation. I belive that the market will complete this pattern and return to the 1.618 extension of the BC leg withing the next few hours. I have place my entry,like always, at the equivalent of point B because it often allows me to receive a 2:1...
Here we see a Gartly pattern with a respected linear regression, suggesting the market will rally even higher for Verizon. the RSI suggests that the market is not over bought and the linear regression shows an obvious uptrend as well as the Gartley pattern suggesting a move up, so i have decided to get in long. I have place my entry at current market price...
Here we see a completed Cypher pattern on the Canada japan charts. The pattern suggest a continuation in downtrend and appears to be respecting the linear regression. I believe that the market will rally down into the 1.618 extension of the BC leg before consolidating again, or reversing. I have placed my entry at current market price, my stop is at the...
Here we see a downtrend in the EUR/USD charts, and over the last hundred moves or so, the linear regression appears to be creating a nice channel that the market is respecting. If the market decides to continue , it is likely that the market will drop down into the next major structure support level around 1.10660. there is a nice little wedge that seems to...
Here we see a sloppy bat pattern that decided to rally before completion. I believe the market got "close enough" to call it and make the trade anyways. I have placed my entry at the highest low of the pattern, just because i like the way it works out with the risk to reward ratio. Since we know that we will always place our limit at the 1.618 extension of the...
Here i see a Cypher Pattern on the NZD/JPY chart. And what i noticed, if you zoom out; on the daily chart there appears to be a crab pattern that has rallied as if it going to complete as suggested, but this Cypher pattern has me thinking that the market will more likely continue in downtrend and break the structure of the crab pattern therefore ruining that...
HEre we see a Gartley pattern in the midst of consolidation suggesting a rally to the 1.618 extension , possibly heading back into uptrend; but being that the market shows a fairly neutral strength, it may continue into downtrend after reaching a new high. I have placed my entry at current market price, my limit is at the 1.618 extension of the BC leg and my...
Here we see a solid Cypher pattern on the dollar index. the reason i have elected this trade is because the cypher pattern here suggests the market will complete the larger crab pattern on the daily chart. I believe that this completed cypher pattern will rally short all the way down into the 1.618 extension of the BC leg. I have placed my entry at the lowest...
Another penny stock, today has been a very uneventful day in my Forex portfolio as you can tell. Here i have found a butterfly pattern in the american eagle energy corp. The pattern is a little weak, meaning it isn't a perfect pattern, so the results may very. I have placed my entry at the lowest low of the pattern , my stop at previous structure resistance...
Trying my hand at penny stocks again. Here we wee a bat pattern on the AXPW 4hr charts. If the pattern completes, i believe that we should see a rally to the 1.618 extension of the BC leg. the pattern is supported by a wedge or triangle pattern, and it appears to have a lot of evidence to push it upward. I placed my entry at the current price for a long to $0.04...
Here we see a gartley pattern that was powered by another gartley pattern in some consolidation on the 30 min USD/CAD charts. If you were smarter than me, you noticed the original Gartley pattern formed in this consolidation (highlighted in orange). I personally did not trade this pattern, but it played out perfectly to the 1.618 extension of the BC leg. That...