DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
BANK OF AMERICA CORPORATION COMMON STOCK, AURIS MEDICAL HOLDING AG - COMMON SHARES, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, SPDR S&P 500, INVESCO QQQ TRUST, SERIES 1, VANECK VECTORS GOLD MINERS ETF
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
everything worth noting on the chart.
quality of the trades (1 being best)
trade what fits your rules
note: those trades are stacking. so if the pinbar doesnt work, we will probably never see the completion of the next 2 setups.
GBPCAD has broken down the last 2 days and at some point we need relief. a good place to anticipate that is the middle white box. past 3 month this as been a strong zone of marketdirection changes and is happens to lay right on the upward trendline as well as the 618 retracement of the lastest upimpulse (starting at 15th of may)
if that relief can bring us up into ...
EURUSD entering an interesting area soon. but we are still in a downtrend so im looking for shorts as long as we dont see a sign of reversal. one sign could be that we break the upper dashed blue line to the upside. if that happens i will look for longs, but so far that didnt happen.
here are 2 aparent shorts possible. one could be if we close as a pinbar (1:30 ...
This is sort of a followup of an older idea. link below. we can now buy this gartley to maybe jump onto a startin trend. green lines represent possible target areas where we might see a reaction to the downside.
stops should at least go below the white box
everything worth noting on the chart. anyone different opinion?
it seems that we are attempting to breakout of the channel. sadly we cant find a perfect trendline for this channel so the trendline that im using is an aproximation of all swings and what fits them the most.
thats why I wanna see the market a little higher first before and I will probably still sell the gartley due to the market being so downtrendy recently. ...
the swings recently has been down, and while this might just be a correction before a breakout to the upside, so far im biased towards shorts. a sharkpattern inside this channel will provide a nice opportunity.
remember, sharks can go up all the way to the 1.13 extention (green box) so stops should at least go above the white box here. however since we can shoot ...
I posted a similar idea a couple weeks back, anticipated the first retracement in this recent upmove that is the BC leg of the drawn in gartley(link below).
now we are coming into the next interesting area for this pair. this is a combination of a gartley and a butterfly that retests a prior decisionzone in the market(white box)
while both patterns are ...
USDDOLLAR has been trending down this year. and tho we broke a smaller trendline and violated one swing, this current move might just be a bigger retracment before goin down further. one trendline that still holds is the blue solid one and a bat pattern right as we approach it might mark a good place for a sell with really good risk reward if we see the desired ...
Recent trend has been downward, thats why im still looking for shorts. we are now sitting a trendline cluster and i think i will use this for a predictive entry with a small position. if we find followthrough i will add to the position later on. probably after the breakout of the lower blue dashed line.
you can also wait for some sort of confirmation or go for a ...
last week i posted an idea regarding the orange gartley at a major support zone. after taking small profits we then broke that very support zone to the downside. now we retested this area in an ABCD like pattern and already saw a decent rejection.
the overall bias is still towards upwards reversal (check out old idea for reasons) but that doesnt mean that we cant ...
last time we reached this area i already posted an idea (link below) that worked out. now we retested this area once again.
i didnt go short right away since an extention beyond the white box couldve also been likly - in an abc type fashion - but now that we formed a doubletop im onboard looking for shorts. first scenario would be seeling some sort of neckline ...
now that we broke down, a retest of the lower solid blue line becomes more of a possibility. so far i still wanna be patient because shorting now would not make alot of sense. im tryin to go short at C if we can get up there.
slow upward movement this year so far, with a lot of overlaps. an momentum explosion in on direction or the other might be imminent. shortbreakout would ofc be easier to trade with the apparent clean structure, so at least look out for that.
we broke the white box to the downside and now established a wedge. we either will see a break to the upside of that wedge indicating a bigger retracement or to the downside which will usally mean rapid market acceleration to the downside (most likly into the trendline and shark PRZ)
regardless: a short sell inside that wedge will provide good risk reward and ...
notes on the chart
This is a followup to an idea i posted a few days ago that worked out nicely so far. since i already reduced my risk in the original trade and i still like being long here, i will try to use this setup here to put a little more risk in the market and increase the positionsize that way.
so the idea is to buy the breakout from the consolidation (if it breaks to ...
after the recent big upmove for EURAUD i expected a correction to come in to at least retest the white box. so i looked for short signals. i just went short based on the breakout from the dashed consolidation. i waited a bit to get a better price and now hope for downside.
risk reward is pretty nice, so doesnt need to work all that often. if we come down into ...