SaulFX_11

SaulFX_11 Updated 

I entered this pair short on the close yesterday as we printed an SFP but my stop was too tight and I suffered a 1R loss. Re-entering as I believe the idea is still valid. SFP printed on the close yesterday, 4H printed a Bearish Engulfing, all in confluence with the 0.5 fib which lines up with the Daily level.

SaulFX_11 Updated 

EU with a similar setup to the XAUUSD trade, SFPd the Daily level and tapped the 0.618 Fib. It has gone against me since my entry, but I'm still holding onto this one. I have not seen any price action on the Hourly that tells me to exit the trade, just chop with an overall upwards move. Interested in seeing if we can get a 2 Day SFP. I'm also aware that there is...

SaulFX_11 Updated 

We've printed a Bearish Engulfing on the Daily timeframe (Horizontal Arrows) and another just now on the Hourly timeframe (Vertical Arrow). Both near the weekly level. I jumped in on the close of the Hourly engulfing and placed my stop just under 10% of the ATR range from the ATR high. This idea aligns with the Bearish Engulfing printed on USDJPY and the H&S...

SaulFX_11

Here's an update to that EU trade I called on Saturday. I entered during the opening of the market, moved my stop up after the Bullish Engulfing (arrow) and added the risk back into the trade. I exited at 1.10803. Through adding, I milked this one for 2R even though it started as a 1.6R trade. See my EURUSD & EURJPY Pre-Market post for reasoning behind entry.

SaulFX_11

Traded the Inside Day Failure which printed on the Weekly level here with my Stop placed above the high of the Failure candle. The trade was according to strategy, I was taken out immediately. I'll be reviewing my Inside Day Failure trades and see if I had my stops placed at the extrema of the failure candle. -1R here.

SaulFX_11

I've looked through the markets and updated my charts for the week. I noticed a total of 3 setups, two of which are included in this post. The last is a short on the Inside Day Failure candle that printed on Friday for USDJPY. These two pairs printed SFP patterns on Daily levels that align with the 0.618 Fib; EURUSD's is bullish and EURJPY's is bearish. These two...

SaulFX_11

Alert went off for my Daily level which lined up with 0.618 Fib, We printed a Hammer with a strong range on this level so I longed the close and shot for the immediate hourly level. Pretty cool how this Daily setup was similar to the Daily setup of AUDUSD. Aside from that similarity, this trade was a stronger idea. The pattern had space to the left, hit a level...

SaulFX_11 Updated 

Wasn't going to trade today but I couldn't help myself on this one. Confluence was too compelling IMO. Laying fibs on the Daily uptrend from last month, we see a daily level lining up with the 0.618 Fib. This level has also collected quite a few swing points on the hourly chart, which means liquidity was building up underneath this level for some time. We've...

SaulFX_11 Updated 

Oil on a similar setup to the USDCAD call from yesterday (which would be progressing to target had I not let myself be influenced by the decisions of others). The USDCAD setup was far stronger because I had a Daily bias and the liquidity pools were much more obvious. Here we have an inverted H&S with the right shoulder having a Bullish Engulfing break and close...

SaulFX_11 Updated 

Jumped into a Long on this pair as soon as the market opened yesterday to trade the Inside Day Failure. I saw a couple of patterns show up in other pairs but of all of them, I thought this was the optimal setup and the only one worth trading. Note we have just printed a Bullish Engulfing on the flipped hourly level. Not seeing much else I'd like to trade in the...

SaulFX_11 Updated 

Here's the UJ short I mentioned in the Holiday Update post. I entered on the close of the weekly SFP candle. I've already moved my original stop and added to the trade after the inside day failure (which has already been resolved) printed. Watching for a thrust candle on the daily to break the immediate daily level before I add more. The main ideas behind this...

SaulFX_11

Longing the Hammer that printed on the Daily level, two trouble areas shown (the higher one being the target)

SaulFX_11

During my vacation, I spotted this weekly bearish engulfing and decided to short the pullback. I initiated this trade with a buy order whose level I identified on the Hourly charts. Price was choppy for a few days and printed an inside week candle, so I was prepared for price to move against me at the start of the week. Once I saw that we broke the inside week...

SaulFX_11 Updated 

Shorted GBPJPY this morning at the close of the 5am (EST) candle. Stop placed a 24-Period above the high, with a target of the immediate hourly level shown. Note that other GBP pairs (EURGBP & GBPUSD) printed similar candles. I chose this pair for the story behind this candle: - Nice rejection at my weekly level - New high since May - Decent range - Almost no...

SaulFX_11 Updated 

2HR SFP on the first time back with MACD Divergence at the highs.

SaulFX_11 Updated 

3 Bullish Engulfing patterns (jumping in on this last one) coming off a trendline that originates at the 0.5 FIB (Anchored from the swing low to swing high of the Daily move upwards). I noticed the intermediate one last night and figured it'd pullback. We didn't take out its low and we've printed this last engulfing here. All of this occurring on a Daily level.

SaulFX_11 Updated 

Once I saw the SFP candle (arrow), I entered short with a stop above the thrust candle for this level. However, at that moment I was unaware of the trendline break & clean retest. The Shooting Star that followed the SFP gave me a bit more confidence, but then we got this pretty wide ranging Bullish Engulfing (trade below the low, close above the high of the...

SaulFX_11

Entered long after noticing a Bullish Engulfing whose tail broke through the Inside Day Low. I noticed it during the pullback candle, so that's where I entered. I placed my stop way below the Daily level that was nearby just in case price wanted to pay that level a visit (last week I placed my stop near a higher TF level and got stopped out rather quickly). After...