USDZAR had rallied more than 2000 pips this year, and it encounter some challenge here for the weekly supply zone at 14.00 fig. A momentum train fought with the strong supply, which was very fun to watch (not necessary for trading though) Here we got a little intra-day hourly bearish bat pattern to be the confirmation entry for the weekly supply, which is a much...
After Gold completes the long-waited bullish bat pattern, here we got this little intraday hourly 2618 confirmation trade. It will be a worth taking trade as this is what I'm waiting here, and the market did give the reversal sign. So at least it worth a shot to take a intraday long here, which is not too crazy with only about 35-40 pips risk. Let's see...
With the volatility is going wilder, I usually turn to some defensive stocks like consumer goods, retailers, and restaurants! Here we got this YUM, the blue bullish butterfly pattern just hit the entry and formed an inside day; Also, there is a bigger green Gartley pattern entry near 78.00. Accordingly, if the inside day is able to break to the upside on Monday,...
USDCHF had a nice 200pips run but failed to break the 1.0000 fig. Here we got a double top to break the neckline, which made this pattern available! Actually this bat is a little bit out of definition, but there is also this XYAB pattern to be a combition so this is still worth waiting for price action! (nice rhyme yo!) Let's see how it goes!
GBPUSD has a 15min shooting star(Pin Bar) after the announcement. A worth trying short-term trade to short if it's able to break to the downside! Abundant ema correction rooms! Strict execution and 1st kick are crucial for this kind of trade. If it doesn't break the shooting star low and makes new high, this trade doesn't exist anymore. Let's see how it goes!
Patience for AMD investors got paid off greatly as it just made a new high of a decade! These days, these bullish ideas,from 10 followers to 1000 followers, first of all I would like to thank my family...........( ok stop it lol) I still got some from 10.00 that was already taking profit several time and the trailing out below the 14.3 pivot. Here is a good...
This is very similar to the NZDUSD weekly chart. It just broke the B point, which means if I want to look for buy-low opportunity on daily chart, I will only be interesting in this bat near 1250. That is, without a daily reversal sign or a strong bounce that breaks some important pivot, I will only look for trades to short gold recently, no matter sell-high...
Stock futures slumps for more than 1% in Asia market today. Also, GM got an inside day here; Yesterday it tried to break the 45.00 fig level and the bearish bat but failed, if the bulls are able to break the inside day, the momentum probably is able to takeover the size. Generally I am quite bullish in GM as it's ridiculously cheap with 6-7x multiples and solid...
GBPUSD has a great harmonic patterns combination recently, the bearish one perfectly caught the slump after Draghi's speaking. Now it hit the bullish one and formed an inside 4hr, with abundant 8ema correction zoom. That will be an interesting but risky long, while it's a good combination of harmonic patterns, inside bar, and EMA correction. So I'll pay careful...
Last time the triple inside bar trade worked perfectly. There are several potential trades here 1 & 2 are bearish harmonic patterns 3 & 4 are supply/demand, both are very important. and yesterday was an inside day, which gave the 5&6 trading opportunities. Among these trades, 1&3 will have a combination near 26000 fig, which probably is the best trade on...
There were many cryptos having inside days yesterday. Technically speaking, this bat pattern drawn has already failed; while it didn't break 10.00 fig and it has this inside day after breaking the X point. People may get emotional when their positions got stopped out and bounced right after they realized their loss. That may become a potential buying momentum...
ETHUSD has a bullish bat pattern and demand zone combination with potential entry @ 515-525. To lean on the 500 fig support is also another plus for this trade; While, there probably will be a huge minus for this trade, it's the potential inside week. If it's able to form an inside week, this combination long will be against the momentum of the inside week...
SPX500 had a pretty nice run recently despite the previous supply zones and harmonic patterns combinations. With a view to wait for reversal sign, actually I remained bullish until this shooting star formed. So short-term speaking, it's reasonable to take some intra-day short, it pretty much worths the risk. Let's see how it goes!
Actually we have a specific term to describe a triple inside bar, but I don't think that's proper here so let's still call it a triple inside bar lol. As an intraday trader, a daily chart inside bar breakout usually implies a pretty large risk that exceed the normal risk amount. While of course, I would love to participate in this "triple inside day"...
GBPCAD has an inside day in a downtrend after 21ema correction. What's more, this breakdown may also be played as a 1.7200 fig breakdown (although fig is not as important in Forex as in stocks lol). Accordingly, this inside day is a typical "follow the trend" trade that I would only be willing to short the breakdown. If it breaks to the upside first, this trade...
Last year, at least 7 out of 10 stocks looked like this MasterCard weekly chart. While it's a totally different concept compared to what the market happened. With the Q1 market fluctuation, MA showed great relative strength to remain a intact weekly uptrend! It solved the 1st thing-- I don't want to short the supply zone nor the inside week breakdown at all ! ...
It's a new try to apply harmonic patterns to treasure bond ETF. While recently people are discussing the yields, which is wildly convinced that it led to the Gold's slump yesterday. With this harmonic patterns combination in TLT, and it gave a daily hammer yesterday, it's quite a nice long trade with patterns and reversal sign combination. It worth noticing, not...
This is the continuation for the idea about XAUUSD a few days ago. With the mindset to only look for intraday short until it reaches 1250 or a strong mazubozu to break out the pivots in the downtrend, these bearish patterns will be my main thoughts in today's trading. They could be solid trades themselves separately; while as the bearish mindset comes from daily...