About meI'm a Professional Currency Trader, who trades for a Prop Firm. I only trade the Major Pairs. I focus on Breakout Patterns and Structure type trades. I mainly Day Trade on the 5min and 15min Charts. I do very limited Swing Trades.
Just got short on EURUSD 60min. We had a lower low lower close this morning signaling more bearish continuation. We just had a very nice pin bar being rejected at the back of resistance. Very small risk on this trade for a descent reward.
Best of Luck
As i described in the linked post, I'm looking for long opportunities on USDCAD. Right now, price is forming a tight Ascending Triangle. These Price Patterns typically breakout to the upside. IF, we get a break & close out of the triangle I will get long on this pair.
I will use a trail stop for Target #2's
USDCAD has been consolidating on the HTF's since May of this year. It has formed an Ascending Triangle Pattern. These typically breakout to the upside. With Friday's close we have finally closed above the Triangle. We could be seeing a major recovery in USDCAD if this pattern plays out as projected.
I will be ...
Ok let's try this again.. Now short on this pair because of the Balance Area Breakdown.
Hopefully I wont get whipsawed again :)
Targets are down around the 1.58 even level.. Watch out for support around 1.5840 due to the "flash crash" lows.
Best of Luck!
EURUSD is in a descending channel going into a Major Support Level on the Daily Time Frame.
We went into a nice consoldiation pattern yesterday and are now breaking out of it.
I'm now short on it and looking to capture a move down to the 1.0942's
Best of Luck
AUDUSD is at a Major inflection point in the Market. We are currently at a Daily Trendline and at Major Resistance. Right now the market is coiling up at Resistance. Now, it could be coiling up for an upside move through Resistance or may be coiling for a downside move to stay in it's current trading range on the ...
I got short earlier this morning on this Descending Triangle Breakdown.
I've been watching this pattern develop all week and it finally broke down early this morning.
Watch out for that 113.00 even handle on Target #1
Best of Luck
EURAUD is in a Descending Triangle on the Daily Time Frame.
We are currently back at the bottom of the Triangle and at a Major Support level.
This is a good spot to look for some sort of bottoming pattern on the Lower Time Frames such as a Double Bottom or some other simple pattern in this support level. The RSI ...
Gold on the Daily chart has been in a nice uptrend for most of the year. We are seeing a pullback right now and I'm looking for a good spot to jump on the Long side in this market. This 1250 area is where I think is a great spot to look at getting long. Good psychological number plus we have some structure looking ...
Just got long on a USDJPY 60min Bull Trend Continuation Trade (TCT)
USDJPY is in the middle of a higher time frame breakout (Ascending Triangle).
I will be exiting this trade at either the retest of the recent highs (Target) or on break of support (stop).
Best of Luck!
GBPAUD is putting in a Wedge Pattern on the 60min time frame. These Wedges typcially end in good breakouts. I will be looking to trade this breakout in either direction. This pair has been very bearish as of lately, so I would like to see it break to the downside.
Entry - I will be waiting for a Break & Close out ...
Gold has been on a strong rally all year. It appears to be pausing for the moment and refusing to make and lower lows or higher highs. To me this looks like the Market is flagging and pending a breakout.
If it breaks out to the upside look for $1,400 to get tagged.
If it breaks lower look for $1,250's to get ...
I just exited my GBPAUD Bear TCT. The reason I exited is because my Trading Plan says all Breakout Patterns take priority over all other types of trades. GBPAUD is forming an Ascending Triangle.
Typically these patterns occur after a long heavy downtrend and mark the temporary bottom. There is so much room to the ...
USDJPY on the 60min in consolidating in the shape of a Descending Triangle. These patterns tend to cause large breakout moves in the markets. I'll be watching this pattern and will be waiting for a Break & Close out of the pattern to give me direction. As of right now I have no idea which direction it will break, ...
GBPAUD has been in a Bear Trend on the 60min for quite a while and it'v moving very structurally.
I just got short @ MKT. Stops are above the last swing high and the target is down at a retest of Previous Lows