Looks like a corrective sequence MAY have ended. Looking for a wave 1 (higher lows) completion to go long. Bouncing off the daily channel bottom? Looks like a possible nice setup for next week? We’ll see what happens?
What a morning for the dollar. Forgot I had a position opened & lost a little capital this morning. Wish I closed it at market open when I was still up. These things happen. I’m going to stay out with all the unpredictability. I believe it should hold against the pound to the .618 level. Eyeballing it from the daily down to the 1hour charts indicate that this is...
Looks like a buy opportunity is about to present itself. I believe a corrective sequence may be in the near forecast. Waiting to see if the end of my wave 5 may form a double bottom, a rising or falling W on the lower time frames with RSI divergence for a better entry than currently available. We’ll see what happens?
Always had a thing for median lines. Starting my homework early. One chart at a time. Doubt I’ll trade this until it retraces bullish off the 50-62 percent retracement. Market geometry is such a beautiful thing to me. I’m always in awe of the market.
Looking for a Short as soon as I see a retracement to the 50-62% then hanging into my sell trade using my Renko chart setup to resistance and support levels to about a 50% retracement level. My Elliott count got invalidated earlier and I need to update it as soon as I get a work break LOL. Let’s see how this plays out?
This setup is getting me salivating. A nice retracement so far to the 50%. Little flat for the time being. It’s either a: 1) Equal Leg Trade of an overall corrective cycle 2) A Golden Corner Pocket Trade with a TP @ the Algo target They both sound great to me with very nice risk to reward. Dual reasons to get into it. The market geometry is also nice as the...
I had this originally figured for a corrective wave and was getting ready to buy for an upcoming impulse 5 wave move up, but pulled all the ratios and it’s really looking like at this point we’re at a wave 4 retrace up from a bearish impulsive wave down. For me, if it bounces off the .382 ratio and goes no further up I’m going to go short for the final wave 5 for...
Put an Elliott count anticipating a correction up to the mid Fib levels. The market geometry looks really good. Ran median lines diagonal and they match up with a lot of previous & current S/R levels. Waiting for it to retrace to the 50-62% to short for a possible equal leg overall correction. Let’s see how it pans out?
This pair has been great to me last week. Trading smaller time frames has been nice. I don’t have to suffer larger drawdowns. Smaller chunks of profits and larger lot sizes 25-50 pips net a day has been a lot easier emotionally. Trading no more than 2 pairs concurrently. Anyways. I’m going Short this trade when the market opens. The risk reward ratio looks good...
Can’t wait for the FX markets to open again! Doing my homework for the week. Came across this and I had to share! Never see a setup this good ever. We’ll see how it goes however. The best laid plans of mice and men.
If this hits the .382 level and rejects I’m looking to scalp trade a motive wave down using the 15 min chart for wave count. Once it hits a 50% retracement of the previous motive wave, I’m going bullish for a longer term trade. Let’s see? Aloha!
I coupled this with a few other trade methods. Love my pitchfork. They make for very probable trades if you learn yourself to use them. Saw the MA’s cross on the lower time frames. I’m going to Elliott trade this as a wave 2 of a higher degree. I’ll ladder in more positions once Median Line is hit. Aloha!
Lots of possible wave 5 trades setting up for next weeks trading. Another one! Waiting on a .382-.5 Fib retrace to hopefully ride a wave 5 up. I play it safe and enter when the MA’s cross and the CCI or momentum indicators are oversold. Cheers! Aloha.
Waiting on a .382-.5 Fib retrace to hopefully ride a wave 5 up. I play it safe and enter when the MA’s cross and the CCI or momentum indicators are oversold. Cheers! Aloha.
Waiting on a .382-.5 Fib retrace to hopefully ride a wave 5 up. I play it safe and enter when the MA’s cross and the CCI or momentum indicators are oversold. Cheers! Aloha.
Looks like a decent trade opportunity shaping up. I’ll probably take this now at the 50% retracement Level if the last major swing hi/low. Stop could be around the 65-70% Level. I believe it’s a zig-zag although I couldn’t comfortably pull an impulse wave out of the A leg. Even though it may be a flat hopefully not a deep one? I may keep my stop at 65% retrace in...
I am looking top get in to this now.Nice looking setups in crypto lately. I like the ADABTC upcoming setup better, but this will do for the interim. Aloha.
I'm looking for a nice looking trade set up at the 50% retracement level. I believe due to the moving averages on the larger time frames that it's looking bullish and this is a wave 3 of a larger wave 1. Only time will tell. I am going to buy into the 50% retracement level. Defend it until the 65ish% level and see what happens? Aloha!