glennmercer

PRO
Message Follow Following Unfollow
About me Combining the ideas of Elliott, Wolfe, and Carney to dissect trading opportunities and expose confluence. PM me for custom Pine indicators/strategies and MT4 bots. Follow me on twitter @GMERCERFX
Online Joined USA GMercerFX
Shoot me an email at GMERCERFX@gmail.com and follow me on twitter @GMERCERFX
Markets Allocation
86 % forex 6 % stocks 0 % commodities 8 % other
Top Mentioned Symbols
USDCAD 9% | 49 USDJPY 9% | 48 EURUSD 8% | 47 AUDUSD 6% | 32
glennmercer glennmercer PRO CADJPY, 30, Short ,
CADJPY: CADJPY Short:  Potential Bear Flag Breakout on CAD CPI @ 8:30EST
68 0 4
CADJPY, 30 Short
CADJPY Short: Potential Bear Flag Breakout on CAD CPI @ 8:30EST

Hey all, check this one out in about 15 minutes. Waiting on the news to drop in order to enter short. Targets at rising wedge target level and missed pivot cluster.

glennmercer glennmercer PRO NZDCAD, 60, Long ,
NZDCAD: NZDCAD Long:  Classic Choppy Price Action
141 1 9
NZDCAD, 60 Long
NZDCAD Long: Classic Choppy Price Action

This type of sideways choppiness is great for trading harmonic patterns. I like to trade these patterns before Labor Day. Large risk to reward if it is successful. Support from two trendlines as well as dual pattern confluence. Looking for smaller TF elliott impulse to set it off. Cheers

glennmercer glennmercer PRO CHFJPY, 30, Long ,
CHFJPY: CHFJPY Long:  Huge Potential Reversal Point
117 0 8
CHFJPY, 30 Long
CHFJPY Long: Huge Potential Reversal Point

CHFJPY has potentially completed a triangle at an indecision point, meaning we have a backdrop against which to place a SL and shoot for a large R/R. Trade is active.

glennmercer glennmercer PRO EURGBP, 30, Short ,
EURGBP: EURGBP Short:  Time to Fade
168 0 10
EURGBP, 30 Short
EURGBP Short: Time to Fade

I believe it is time to fade this pair. SL above highs.

glennmercer glennmercer PRO USDJPY, 30, Long ,
USDJPY: USDJPY Long:  Crucial Point!  Huge R/R Possible!
308 1 13
USDJPY, 30 Long
USDJPY Long: Crucial Point! Huge R/R Possible!

The trading of UJ continues as we look to ride that continuation wave back toward the top of the channel. This is only valid if the lows are not taken out and new local highs are made. I like the way this pair is creating a double bottom on multiple time frames. Especially since there is a huge amount of channel resistance on the higher timeframe to contain ...

glennmercer glennmercer PRO GBPNZD, 60, Short ,
GBPNZD: GBPNZD Short:  But ONLY If Price Breaks Support NOW
94 1 6
GBPNZD, 60 Short
GBPNZD Short: But ONLY If Price Breaks Support NOW

I want to sell this below support recent support. This is a strong resistance zone with multiple re-tests. If the pair makes new highs, the trade is canceled.

glennmercer glennmercer PRO USDJPY, 30, Long ,
USDJPY: USDJPY Long:  How I Add to Positions Using Elliott Wave
181 0 11
USDJPY, 30 Long
USDJPY Long: How I Add to Positions Using Elliott Wave

It is time to add to the position as a series of smaller time frame impulses has occurred. Buy stop placed above most recent bullish impulse with SL below lows. This SL will close out the entire position if hit. If not, it will be held as a double size.

glennmercer glennmercer PRO USDJPY, 30, Long ,
USDJPY: USDJPY Long:  How I Trade Using Elliott Wave + Harmonics
336 0 12
USDJPY, 30 Long
USDJPY Long: How I Trade Using Elliott Wave + Harmonics

Hey traders, I put most of the details on the chart. After seeing a wave 1 impulse, its nice to get in above highs with SL below root of wave 1. Alternatively, I enter above wave four if I don't quite catch the root of the first wave in the PRZ. This is a riskier approach because you are banking on the pair not retracing and shooting straight for target (which ...

glennmercer glennmercer PRO COPPER, 240, Long ,
COPPER: Copper Outlook:  Lull Before Rally
134 1 5
COPPER, 240 Long
Copper Outlook: Lull Before Rally

At the request of one of our TV traders, here is my outlook on copper. I like it long, but I want to see some retrace or a basing pattern before continuation. Afterwards, a bullish impulse will be the key factor in taking a long position with a SL below the root of the continuation.

glennmercer glennmercer PRO GBPUSD, 240, Short ,
GBPUSD: GBPUSD Short:  Keep An Eye On This SELL ZONE
331 0 13
GBPUSD, 240 Short
GBPUSD Short: Keep An Eye On This SELL ZONE

Prepare for a short term rally unless a breakout confirms bearishness. There is a highly confluent level indicated by the SELL ZONE on chart. I want to sell continuation.

glennmercer glennmercer PRO AUDUSD, 240, Short ,
AUDUSD: AUDUSD Short:  Watch for Bearishness
379 0 17
AUDUSD, 240 Short
AUDUSD Short: Watch for Bearishness

Only bearish after breakout. Sell the continuation should one occur. It is what I am expecting next week. New highs will target the .5 fib level (solid line on chart).

glennmercer glennmercer PRO EURUSD, 60, Short ,
EURUSD: EURUSD Short:  After New Highs, Bullish
518 0 15
EURUSD, 60 Short
EURUSD Short: After New Highs, Bullish

EURUSD rallied last week, but not without its share of dropoffs and retraces. If new highs are taken out, I want to be bullish. Until then, I'm expecting bearishness on the lower timeframes and a lot of sideways choppiness.

glennmercer glennmercer PRO USDJPY, 60, Short ,
USDJPY: USDJPY: Short Term Bearishness Until Pivot Levels Are Hit
305 3 13
USDJPY, 60 Short
USDJPY: Short Term Bearishness Until Pivot Levels Are Hit

Looking for lower TF short opportunities until these pivot levels are taken out. I want to be bullish at the bottom of the channel toward potential cypher levels. It all depends on price action at those levels.

glennmercer glennmercer PRO AUDCHF, 30, Long ,
AUDCHF: AUDCHF Long:  Target Top of Channel
41 0 4
AUDCHF, 30 Long
AUDCHF Long: Target Top of Channel

Details on chart

glennmercer glennmercer PRO USOIL, D, Long ,
USOIL: BULLISH on OIL:  Expect Choppy Rallies Through 2017
495 5 17
USOIL, D Long
BULLISH on OIL: Expect Choppy Rallies Through 2017

Last week, oil broke out of a triangle and is holding its high base on the lower time frame. Look for bullish price action to continue. I'm anticipating choppy moves as price touches confluent harmonic levels. If price is unaffected by these levels, strong bullishness is likely to continue. Updates to come.

glennmercer glennmercer PRO ES1!, 240, Short ,
ES1!: S&P 500:  Potential Short-Term Bearishness
113 2 5
ES1!, 240 Short
S&P 500: Potential Short-Term Bearishness

Hey traders! There has been a wedge breakout to the downside. Keep an eye out for continuation. Should it occur, further downside to the two targets is likely before the uptrend continues. Cheers

glennmercer glennmercer PRO USDJPY, 60, Short ,
USDJPY: USDJPY Short:  Watch for Gartley Completion
457 2 15
USDJPY, 60 Short
USDJPY Short: Watch for Gartley Completion

Hey traders, looking for price action near the potential retest of this bearish breakout line. Also, we have a potential Gartley completion at the same level. This confluence could mean heavy resistance and a reversal toward completion of the larger TF triangle.

glennmercer glennmercer PRO USDCHF, 30, Short ,
USDCHF: USDCHF Short:  Descending Triangle
163 0 10
USDCHF, 30 Short
USDCHF Short: Descending Triangle

Hey traders, here's a breakout pattern on dollar swiss cross. Short is active with 1:1 B/E level and target at .786 fib.

123456... Show More Ideas
Online
9
0
46
Message Follow Following Unfollow
Last visit
9
0
35
Message Follow Following Unfollow
Last visit
6
0
30
Message Follow Following Unfollow
Last visit
14
23
334
Message Follow Following Unfollow
Last visit
11
31
308
Message Follow Following Unfollow
Last visit
7
0
30
Message Follow Following Unfollow
Last visit
10
5
113
Message Follow Following Unfollow
Last visit
20
6
126
Message Follow Following Unfollow
Last visit
3
0
16
Message Follow Following Unfollow
Last visit
15
0
65
Message Follow Following Unfollow
Last visit
2
0
5
Message Follow Following Unfollow
Last visit USA
111
287
2085
Message Follow Following Unfollow
Last visit United States
35
15
441
Message Follow Following Unfollow
Last visit
7
0
30
Message Follow Following Unfollow
Last visit
13
11
89
Message Follow Following Unfollow
Last visit
0
0
0
Message Follow Following Unfollow
Last visit
3
0
15
Message Follow Following Unfollow
Last visit
5
0
20
Message Follow Following Unfollow
Last visit Iran
26
23
486
Message Follow Following Unfollow
Last visit Australia
9
6
104
Message Follow Following Unfollow
Last visit USA
1332
126
4770
Message Follow Following Unfollow
Last visit United States, CT
9432
1104
47390
Message Follow Following Unfollow
Last visit
2
0
6
Message Follow Following Unfollow
Online Toronto, Canada
1987
421
9294
Message Follow Following Unfollow
Last visit USA
967
26
2891
Message Follow Following Unfollow
Last visit Poland
159
92
734
Message Follow Following Unfollow
Online UK
5987
180
23452
Message Follow Following Unfollow
Last visit
34
7
223
Message Follow Following Unfollow
Last visit USA
786
1291
3730
Message Follow Following Unfollow
Last visit England
205
132
803
Message Follow Following Unfollow
Last visit Canada
3555
357
25150
Message Follow Following Unfollow
Last visit Slovenia
2079
444
15727
Message Follow Following Unfollow
Last visit Bangladesh
1208
256
9101
Message Follow Following Unfollow
Last visit
14
8
87
Message Follow Following Unfollow
Last visit USA
6269
136
29491
Message Follow Following Unfollow
Last visit United States
323
145
2341
Message Follow Following Unfollow
Last visit Durango, Colorado - USA
4974
630
24299
Message Follow Following Unfollow
Last visit Dubai
20402
851
90908
Message Follow Following Unfollow
Last visit
42
0
197
Message Follow Following Unfollow
Last visit Mountains of New Mexico USA
270
246
1711
Message Follow Following Unfollow
User has no following symbols
Market
Browse
Type
Browse
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out