About meI use several SWING disciplines that have all proven and effective results with historical price movements on major Fx pairs. My strategy uses the basics of each discipline to keep it simple yet effective which is to maximise profits and limit losses!
06/04/2017 - FX:USDJPY
The Bullish wedge is signalling a high probability rally. With NFP looming tomorrow there will definitely be some momentum that could potentially strengthen the greenback.
The 4hr or 1hr timeframe might signal the opportunity to go long and provide a worthwhile Risk to Reward on a break and test. We are trading above 110.00 which...
1. We are trading above the high of JAN 2016 which is a very significant level (S/R)
2. The Willis Zone bounce indicates a highly probable leg to upside
3. Golden Ratio Correction increases odds of a leg up
4. Weekly Close above previous 5 weekly candles
In light of the FEDs likelihood of an interest rate hike, bulls will be coming in strong...
FX_IDC:GBPJPY Moves gracefully at times of imbalance. When you spot the imbalance, take action without hesitation or you will catch the cobra in the mouth.
The anatomy of the geometric pattern displayed is built with the ratios of fibonacci. By applying the fibs one can find high probability entries and exits.
The rejection off the .618 and .500...
It doesn't matter where price goes because I am not trying to make predictions. I am just following a bunch of well structured, back tested, simple and high probability patterns. I use Price Action on several chosen Time Frames to decide.
Targeting FX_IDC:EURUSD 1.08 handle
Trading against the herd means being a contrarian. Just by looking at the Price Action I...
Structure breakouts indicate an imbalance and as traders we need to understand the equilibrium of the supply and demand of currencies.
Breakouts are high probability and are a great way to profit if managed with an edge.
SHORT BIAS = FX_IDC:AUDJPY
"Successful Trading Is 20% Skill and 80% Mindset"
Price action on Monthy, Weekly and Daily is indicating a high potential for price to drop further. Fundamentals line up pretty well with this trade.
Stop loss above previous Higher Low for lower risk.
Madness to my method
Entry confirmation was given with the Bullish Engulfing candle on 1st Dec. When you look into the Wolfe Waves anatomy you will find ABCD patterns which one can profit from. When studying the ABCD pattern above you will notice its pivot points are in confluence with golden ratio %, coincidence?
This is a high reward set up which works. The set up presented itself...
Trade Plan - Waiting for PA to present itself at 88.50 - 89.00 to enter short
Stop Loss - 90.50
Exit 1 - 85.00 on Bullish PA and/or bounce off short term CTL
Exit 2 - 81.00 Full position.
If positions get Stopped then I will look to re enter short at 91.00 - 91.50 where we have CONFLUENCES of 61.8% weekly Fib and a potential 3rd TL Bounce.
1. WW4 has now begun its climb up
2. WW4 is C-D leg of ABCD pattern.
3. WW5 and D leg will begin around the 1.60 handle.
4. Strong supply at 1.60 handle.
The pattern has not completed yet so patience is needed. But looking at price action there is a high probability rally to 1.60 regardless.
Please see @4xForecaster on tradingview and twitter to have a...