moneymaking

moneymaking Updated 

Hello Traders, I just posted this chart to show my updated short entry level on this pair after getting stopped out for -100 pips on the previous trade. See the link under the related ideas section below, for full description on the time cycle analysis. After getting a valid retest of the broken trend line, this time I have placed my stops just above the...

moneymaking Updated 

Hello Traders, Here we have a valid bearish flag pattern on FX:EURUSD , that is still in the consolidation phase (flag portion). Flag patterns are also considered as consolidation patterns, just like any other harmonic patterns (cypher, bat, butterfly, crab, gartley). This pattern is usually formed after a strong movement in price action. There are 3 main...

moneymaking Updated 

Hello Traders, We just got the completion of a valid bearish cypher pattern on FX:SPX500 . Market is right at the completion point of this pattern. The risk to reward for 1st target is one to one. See the chart above for more details. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner...

moneymaking Updated 

Hello Traders, For this pair I tried to provide everything that I currently see that could potentially occur in this pair. There are many components to my analysis, so I will break it down into several parts; just to make it easier for everyone. Let's begin: BULLISH BAT PATTERN First of all, let's start by talking about the harmonic pattern that is starting...

moneymaking Updated 

Hello Traders, Here we have a valid bearish crab pattern that has already been completed on FX:NZDUSD , but we are now able trade this pattern with much lower risk. Market has moved beyond the crab pattern completion point (161.8% Fib extension), which has allowed us to lower the risk and increase our potential profit. The stop loss for this pattern is...

moneymaking

Hello Traders, For the past 6 weeks, FX:USDJPY is in ugly consolidation phase. Within this consolidation phase we are getting a potential valid bearish cypher pattern that is close to the completion point. Looking at this pair on the 4 HR chart, we see this market squeezing further into a wedge pattern. We have gotten 2 false breakouts out of the wedge...

moneymaking Updated 

Hello Traders, Here we have a VALID BEARISH CRAB PATTERN on FX:USDCAD that is close to the completion point. I've also introduce the cloning strategy into this idea. In cloning strategy you just take pivots high and low and draw the reference box, which you then clone and place it on top of the reference clone box. Next you draw the 1/4 (Quarter) Lines by...

moneymaking Updated 

Hello Traders, I wanted to give everyone the big picture for FX:GBPNZD , where we currently are and when are we likely to see a rotation on this pair to the downside. First of all, just looking at monthly price movement, we are clearly in a major downtrend, which is easily seen by the formation of several LH's and LL's. Next, we have a valid monthly trend line...

moneymaking

Hello Traders, Here we have a VALID SYMMETRICAL TRIANGLE on FX:NZDUSD , which was completed and tested earlier and now we are able to short this pattern with good risk to reward. I have labelled 3 potential targets for this pattern, one is at the completion of the ABCD pattern, the second is at the 127.2% fib extension of AB leg and the last target is the...

moneymaking

Hello Traders, Here we have a VALID BEARISH BAT PATTERN on FX_IDC:XAGUSD , that is close to the completion point. As seen here, Bat patterns are really good for providing good risk to reward. The overall trend is still to the downside and this pattern gives us the opportunity to jump in the direction of the trend with much lower risk. See the chart above for...

moneymaking

Hello Traders, Here we have a VALID SYMMETRICAL TRIANGLE on FX:USDCAD , which has formed within the consolidation zone. We have been in this consolidation for the past 15 days and this probably has to do with the upcoming Fed interest news this Thursday. Everyone is just trying to be on the safe side and the direction will probably be more clear after the Fed...

moneymaking

Hello Traders, Here I wanted to present everyone with a long term analysis based on TIME and SINE CYCLES methods. Looking at the monthly chart, we clearly see a strong bullish trend has been formed on this pair, which is easily seen by the formation of NSH's and NSL. Now at least we know that in the long run, we should be bullish on this pair. Next we...

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Hello Traders, Here we have a VALID BEARISH HARMONIC ABCD PATTERN on FX:EURUSD , that recently got completed. Note that since the market is currently at the completion point for this pattern, this trade is considered to be ACTIVE now. The overall short term 4 HR trend is to the downside, with the market coming back deep into PRZ , giving us a nice shorting...

moneymaking

Hello Traders, Here we have a VALID BULLISH GARTLEY PATTERN on FX:USDCAD , that is coming close to the completion point. The main point to note here is that, this pattern has been formed within the consolidation zone that we have been in for the past 12 days. In general, harmonic patterns tend to work best when they are formed during consolidation phases. I...

moneymaking

Hello Traders, Here we have a VALID BEARISH CYPHER PATTERN on FX:GBPJPY , that is close to the completion point. Do keep in mind that the major trend direction is BULLISH on the Daily, Weekly, and Monthly charts. This cypher pattern has been created after breaking the previous resistance level (LH). This is a good signal of POSSIBLE trend change back to...

moneymaking

Hello Traders, Here we have a potential short trade based on SIMPLE PRICE ACTION with great risk to reward. Based on 4 HR, Daily, and Weekly, market has broken and closed below the previous structure support (HL), which is an early signal of trend change for this pair, at least for the short term. Currently market is coming close the 4 hour potential reversal...

moneymaking

Hello Traders, Here, I have used the time cycles approach to determine major lows in the FX:NZDUSD pair. After doing little bit of shifting of the WEEKLY and MONTHLY cycle arcs, I was able to figure out that, the FX:NZDUSD pair is currently in a 3073 days or 100 MONTH cycle, on average. This means that every time we reach the end of a 100 month period,...

moneymaking

Hello Traders, Here we have a VALID BEARISH PENNANT formed on FX:EURUSD . This type of pattern is usually formed after a strong selloff, where after the strong bearish move, some sellers are taking profits while others are joining with the downside move. This eventually leads to a consolidation that is presented in the form of a BEARISH PENNANT . Do keep in...