LegendaryStick

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About me 10 years ago we had Steve Jobs, Bob Hope, and Eddie Money. Now we have no jobs, no hope and no money! Don't let Kevin Bacon die!
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Markets Allocation
80 % forex 20 % other
Top Mentioned Symbols
GOLD 50% | 4 USDCHF 12% | 1 USDCAD 12% | 1 USDJPY 12% | 1
LegendaryStick LegendaryStick PRO GOLD, D, Long ,
GOLD: Daily Long Opportunity on Gold
79 2 4
GOLD, D Long
Daily Long Opportunity on Gold

Gold has came back down to the 100 SMA on the Daily timeframe which is also in confluence with a support level. On the weekly timeframe, a bullish hammer has formed and to make this trade even better, in terms of oscillators, gold is oversold. TP for me is the previous weekly high and my stop will be just under the weekly bullish hammers low.

LegendaryStick LegendaryStick PRO USDJPY, D, Short ,
USDJPY: Sell Opportunity on Pullback to Bearish Trendline on USD/JPY
79 0 4
USDJPY, D Short
Sell Opportunity on Pullback to Bearish Trendline on USD/JPY

There has been pullback to a the upper bearish trendline in a channel and there are also major fib levels in play. The orange levels are a retracement and price is currently at the 61.8%, and the black level is an extension for possible profit targets, as I took its intersection with the lower trendline.

LegendaryStick LegendaryStick PRO USDCHF, D, Long ,
USDCHF: Waiting for Bullish Channel Retracement on USD/CHF
192 0 9
USDCHF, D Long
Waiting for Bullish Channel Retracement on USD/CHF

There is a bullish channel that has developed since May of 2015. I am waiting for a retracement to the lower trendline before going long. I will set my targets at 2 levels: the green trendline which has proven itself as S/R in the past, as well as the orange trendline which is the May of 2016 high projected parallel with the green trendline. However, if I go long ...

LegendaryStick LegendaryStick PRO GBPUSD, D, Short ,
GBPUSD: Retracement to 50 EMA - GBPUSD - Short Continuation
1109 0 3
GBPUSD, D Short
Retracement to 50 EMA - GBPUSD - Short Continuation

There has been a retracement to the 50 EMA on the GBPUSD. Also, prices have retraced to the 50% Fib level. For a short entry, wait for a breakdown below the bullish corrective trendline. For an earlier signal, you can wait for a breakdown below the corresponding bullish corrective trendline on the Momentum as it usually precedes price breakouts. Happy Trading! :D

LegendaryStick LegendaryStick PRO USDCAD, D, Long ,
USDCAD: Bullish Breakout of Symmetrical Triangle on USDCAD
476 0 1
USDCAD, D Long
Bullish Breakout of Symmetrical Triangle on USDCAD

This is a very simple Symmetrical Triangle continuation pattern. Wait for prices to push out of the triangle, then wait for prices to bounce of the 0.618 level noted by the lower horizontal line. The Take Profit should be the level noted as it is the 0.618 retracement of the early 2016 high to the May low.

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