SharkbaitAl

SharkbaitAl Updated 

Shown in the chart. Let me know your view!

SharkbaitAl Updated 

It's been 4 hours and EURUSD hasn't made a new low. This is also the completion point of the AB=CD pattern. As of now I have not entered as I was waiting for the green line but I will be deciding soon. Stops may go 10 pips past the 1.618 but I will be a little safer and use 15 pips (31 on contract where a pip is .00005) This is meant to be a short term trade...

SharkbaitAl Updated 

I am still holding longs from earlier today based on the (blue/purple) Bat pattern. That pattern reached TP1 and TP2 is still pending. However I have set orders to exit long at the completion of the pattern and am strongly considering trying to short from there for at least TP1 and 2. From there we could look either long again or trail stops, depending on price...

SharkbaitAl Updated 

The pattern has already completed but I will watch for a re-test of this level for the tentative targets indicated by the green lines. Stop loss is the red dashed line. Let me know what you think.

SharkbaitAl Updated 

So far Palladium has completed bearish 2618, AB=CD and Gartley Set-ups. The Gartley just triggered like 20 minutes ago and am pretty bummed I missed it. But there will be many more opportunities! Next I will be watching for a breakout of the wedge, or the formation of another bearish pattern. Let me know your view!

SharkbaitAl Updated 

Please keep in mind when reading all of my charts I am still a novice and have very much to learn! But I still enjoy sharing my thoughts and interacting with the community, so here it is: The trend seems to be up so I like looking for a buy. The bullish Gartley completes at 10.437. This may be located on the trendline depending on when it completes, but seems it...

SharkbaitAl Updated 

Mostly everything is shown in the chart. Shorts seem risky...I'm gonna need to think about it! Please share your thoughts and/or ideas below! Also please keep in mind I am very much a novice and these are just my own ideas :)

SharkbaitAl Updated 

Since the completion of the Bullish Bat price came within a pip of TP1 (I did not catch the formation of the Bat until about an hour too late unfortunately). However it may now be forming a bearish Bat pattern with a completion point right around TP2 of the previous Bullish Bat Pattern. This may happen overnight when I am asleep so depending on what happens before...

SharkbaitAl Updated 

My main idea here is to watch for weakness and short in the red area which is the completion of the two bearish AB=CD patterns shown in the chart. There is also a longer term downtrend line at this zone which would be a nice place to enter. At that point I will also look for divergence in my indicators, as well as check for any warning signs such as large bullish...

SharkbaitAl Updated 

I am shorting USDCAD (actually long CAD contract) based on longer term view of CAD, the .618 retracement of the drop friend the trendline, the completion of the AB=CD pattern (which went about 1 pip past stop loss, but where one could look to short at the 2.618 extension as well. There is also a cluster of fibs from different points in this range right here. Safer...

SharkbaitAl Updated 

It would be ideal to see a bearish harmonic/advanced pattern to complete in the .618 area around 1239 as well. What do you think?

SharkbaitAl Updated 

I am looking to enter a very small risk long based on the small (pink) AB=CD pattern shown in the chart. If that trade fails, I will be watching the PRZ of the larger blue AB=CD pattern between 2.555 and 2.589. Feedback and comments are always appreciated

SharkbaitAl Updated 

I had an order set to short 1 pip above the current high of the day and didn't get picked up. I have since moved the order to the high as shown in the chart. Risk:Reward is pretty nice and looking left (further left than on this chart) there is some structure which supports this as a supply zone. Wheat has been looking pretty bullish so it would probably be...

SharkbaitAl Updated 

DXY has broken out of its previous structure and so I am prepared for longer term bullish, but if no warning signs are present I will take this trade and just move stops to breakeven ASAP. This week I am finding the AB=CD pattern has been hitting TP1 pretty consistently and so I hope it will finish the week the same way. Note that the targets are tentative and...

SharkbaitAl

What do you think?

SharkbaitAl

In the chart are potential patterns which I have identified on the long term Soybeans chart. While only some or even none may complete I will be using this idea as a journal which I am planning to update every week or two regarding the patterns in the chart or any new patterns which I can identify. If the smallest AB=CD patterns shown fail the trendline will...

SharkbaitAl

This morning DXY completed a bearish Gartley (blue and purple) and is now approaching the entry point for a bullish Gartley. I am also interested in seeing price action in the rectangle I identified which would fill the gap from over this weekend. Let me know what you think!

SharkbaitAl Updated 

This morning SPX completed a bullish AB=CD at the C point of this Cypher. It now looks as if it can complete the bearish Cypher shown in the chart. There is a confluence with descending blue trendline which is from SPX all time highs. This risk:reward is not great but it is potentially a good short entry for a deeper SPX correction should one happen