LewisGlasgow

LewisGlasgow

How to Trade the Inverted Head and Shoulders Pattern Hello traders, following up from my educational post on the Head and Shoulders pattern I felt I should provide you with the bullish equivalent... The Inverted Head and Shoulders pattern. Featured on the chart is an illustration of a complete Inverted/Inverse Head and Shoulders pattern including the rules I...

LewisGlasgow

Trader Questionnaire The purpose of this post is boost your overall confidence as a trader, to show you how much you have achieved since the beginning of your journey. A personal assessment review is an excellent way to outline your personal beliefs and expectations of trading in general. Write down your own answer to each individual question and review these...

LewisGlasgow

Hello traders, it appears AUD/CAD is now forming a bearish cypher pattern on the 4h chart. This is an excellent opportunity with a potential 400+ pip return! The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 I hope you all have a great week :)

LewisGlasgow Updated 

Hello traders, it appears NZD/USD has completed the bearish bat pattern but is now forming a bearish cypher pattern on the 4h chart. This correlates with the bearish cypher on the 4h chart for AUD/USD shown below. I'll be looking for extra validation before entering this trade!

LewisGlasgow

Following up from my prediction last week which resulted in 500+ pips, I'm now revealing my long term view for GBP/JPY. I'm expecting the Great Britain Pound to continue all the way up to 156.500 to complete this bearish shark pattern! The measurements for a valid shark are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13 I'm still...

LewisGlasgow

We're looking at NZD/JPY on the 4h chart with a potential bearish bat pattern, this is an excellent shorting opportunity with over 1:3 risk to reward... Don't miss out on this one! The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I'll be looking for additional analysis in the...

LewisGlasgow

Hello traders, following up from my previous post on USD/JPY with a bearish cypher pattern... We now have another bearish cypher pattern and again on the 1h chart but this time it is CHF/JPY. The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 I'll be looking for extra validation before entering this trade!

LewisGlasgow

10 Rules of Successful Trading I personally feel these are the 10 most important rules to follow, especially as a beginner in order to become a consistently profitable trader. You can refer back to these rules whenever you feel lost or confused about what’s going wrong with your trading. 1. Stick to one strategy, and master it. 2. Plan your trade, trade your...

LewisGlasgow Updated 

Here we have USD/JPY on the 1h chart with a potential shorting opportunity, as you can see price is trading within a descending channel and has formed a bearish cypher pattern... I'm expecting a breakout to the D point followed by a re-test of the trendline for my take profit level. Keep an eye on this structure over the next week, if you have any additional...

LewisGlasgow

There are some amazing setups forming on the charts, here we have EUR/NZD on the 1h chart with a potential bullish bat pattern. Excellent opportunity with over 1:3 risk to reward! The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I'll be looking for extra confirmation once we...

LewisGlasgow Updated 

This is huge, today we have AUD/JPY -0.52% on the 1 hour chart with a breakout. I'm absolutely loving the look of this setup already! We may encounter a retracement to the trendline before continuing the move lower! All-round excellent opportunity with a 1:3 or 1:5 risk to reward, safe trading everyone.

LewisGlasgow

Interesting setup on the 4h chart for NZD/JPY with a potential breakout, as you can see price has been confined since late December... I'm expecting a break of this area as illustrated on the chart. We may encounter a retracement to the trendline before making a move lower! All-round excellent opportunity with a 1:2 or 1:3 risk to reward, safe trading everyone.

LewisGlasgow Updated 

GBP/JPY -0.27% has been selling off from the 15th of December 2016 after completing the C point of this bullish 5-0 , it completed in between the 1.618 and 2.24 extension. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Since then I have been waiting for the C to D move to complete and it has finally...

LewisGlasgow Updated 

Today we're taking a look at the recent breakout with USD/CAD on the daily chart. You can clearly see price has been trading within an ascending channel since mid 2015, creating multiple levels of support and resistance. Price has just broken out of this channel and closed below the trendline on Thursday/Friday, thus confirming a long-term shorting opportunity....

LewisGlasgow Updated 

I'm getting ready for the weeks ahead, make sure to keep this one on your watch list! Here we have GBP/JPY on a 4h chart with an excellent buying opportunity if price continues to drop going into 2017. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 If we can complete our C point this move will take place...

LewisGlasgow

How to Trade the Head and Shoulders Pattern Hello traders, following up from my previous educational post I received several requests via private message for my take on the Head and Shoulders pattern. Featured on the chart is an illustration of a complete Head and Shoulders pattern including the rules I personally use to trade it. This is an easily...

LewisGlasgow Updated 

"Master your emotions and you'll master the market" Hello traders, after receiving a lot of positive feedback from my TradingView educational posts I thought today I would break down a subject on trading psychology with the 14 stages of investor emotions. Learning how market cycles operate can be extremely beneficial to your trading, understanding the true...

LewisGlasgow

Here we have XAG/USD on the daily chart with a potential shorting opportunity, as you can see price has dropped heavily since spiking up to the 21 level around mid 2016... I'm expecting further declines short-term. Keep an eye on this structure over the next month, if you have any additional analysis feel free to leave it below.