WendelinProbst

WendelinProbst 107 views ・

A nice bearish Gartley in the USD JPY 1 h setting up, Levels are all in the Chart. I think this one has a good risk reward Ratio. Good luck

WendelinProbst 63 views ・

not the very best risk reward ratio, but tradable.

WendelinProbst 72 views ・

I like this one as it offers an entry in direction of the trend.

WendelinProbst 35 views ・

This Cypher has a nice Risk Reward

WendelinProbst 76 views ・

Good way to speculate on a even bigger upmove here

WendelinProbst 276 views ・

I am short Cable with the smaller Bat, but placed my stop above X of the bigger Bat. So I have twice the chance of a profit, but of course also twice the risk. but as the Stop of the first one would be in the trigger area of the second one I play it like this. First Target .382, second target .618

WendelinProbst 332 views ・

Could be a second chance entry into a counter trend long position. but be very careful with that one, the trend is heavily bearish. Would be a nice double bottom in the daily chart also. Stops have to go 15 to 20 pips below X, Target could be a lot higher than the current levels, so I am not shooting for the minimum Gartley Targets (0.382 and 0.618 of AD) but for...

WendelinProbst 105 views ・

Be careful, this one is in a sharp downtrend, but also oversold...

WendelinProbst 48 views ・

The Level around 109.16-109.19 could be an interesting short level as 2 high probability patterns meet there right at a resistance. The Cypher is a bit akward as D is just a tad above B, but valid

WendelinProbst 81 views ・

I just successfully traded a bull cypher that had X just one spike higher as you can see in the left corner with the C of the bear cypher being the entry. but as the one below is not triggered it stays valid. So best case would be a trigger of the bear cypher and reversing the position at the Cypher level. But markets unfortunately always do what they want...

WendelinProbst 34 views ・

we need to get a bit higher first to trigger this one. But orders are already prepared.

WendelinProbst 136 views ・

I hope so as the deep AB retrace (which is not enough for a valid butterfly) offers an entry just above X. So Stops can be placed very near the entry. And of course I want the Cypher to be successful now and therefore see the Bat triggered.

WendelinProbst 141 views ・

after the huge run up in the USDJPY this pair could be due a drop of 100 to 300 pips and therefore I am thinking about letting the second position run in case the trade is triggered and Target 1 hit with stops at BE. In this case I would not risk more than the second position profit.

WendelinProbst 32 views ・

Maybe this one offers an interesting entry for a short counter move after the drop

WendelinProbst 35 views ・

I think the Bat is more likely to be be hit even as cypher entry is nearer

WendelinProbst 132 views ・

I won`t trade the red cypher as a Stop 10 pips below X would mean an uninteresting risk reward for the trade. But I will trade both short patterns if we get up to the levels. but not in case if we get a gap past the entry level. In such cases I don`t activate the orders after the market opens

WendelinProbst 68 views ・

doesn`t matter I trade both as they have completely different trade sizes due to different price ranges and risk. I will trade the small one with a bigger size and its possible that both patterns will strike. So in case the small one gets triggered I won`t be short any more but also have not the full position size of the bearish pattern. But if we hit the targets...

WendelinProbst 27 views ・

We need to go 100 pips lower to get an entry. Easily possible next week...