scorpiousg

scorpiousg Updated 

This is not an instrument that I actively trade but as a student of Technical Analysis and due to the hype prevailing on this instrument, It has become a point of interest to see if what I have learnt so far can be applied to any market (so far stellar results. Thank you Trade Empowered/Tier One mentors) and this instrument is proving to be a perfect testing...

scorpiousg

If you're anything like me, as a trader you likely have a traded instrument that is kind of favourite. For me it is the FOREXCOM:UKXGBP mainly on account of the fact that I cut my trading teeth on this index. So if indices are a part of your portfolio, this could be a profitable opportunity. This index (like many others and the Equities they derive their value...

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This one does not require much explanation. I'm looking a Bearish Bat Pattern on the 4H (240 M) chart of AUDNZD completing at a previous level of structure. I've started placing dashed lines at the highs (or lows depending on the pattern bias) of the B point as an indication of resistance (or support). A break and close above (or below) the dashed line provides...

scorpiousg

Following a trade I took on EURNZD which I tentatively classed a good trade despite the outcome (it was a loser-see link below), I have since done some post-trade analysis and would now class this a "bad trade", at least from a trade management perspective. In quick summary, the trade was based on the expectation of continued bullishness in the pair and a break...

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I've had my eye on EURNZD for a while now, but more recently in the last week or two. The Euro has over the last week (actually since April 2017, but what's 12 months between ticks) staged quite the bullish run and the charge seems to be in full momentum (I should know on account of being on the wrong side of it recently and donating some to the market). Most...

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I'm looking at a Bearish Cypher Pattern on FOREXCOM:AUDCAD , which after weeks of watching and waiting has just completed today on the Daily Charts. This is a short term play so we can anticipate a week or more to targets if the pattern plays out as anticipated. Having been in consolidation since September, price action broke to the downside support of the...

scorpiousg Updated 

So my first attempt to Short EUR/USD failed. That's ok. You can't and won't win them all in the trading business. The market does what it wants. That said, in my previous post, I mentioned another shorting opportunity in the form of a Bearish Cypher Pattern on the 4H chart . Well, price action is now confidently moving very strongly towards the completion of...

scorpiousg Updated 

I'm looking at a 2618 trade-setup on the 60 minute for a second chance at entering Short EUR/USD. At the end of last week, this pair closed forming a double top (yellow triangle). As we came into the beginning of this week (today obviously), price action has confirmed the double top shorting opportunity and retraced nicely into 161.8% extension of the right leg...

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I've tried to keep this as clean as possible but, there's so much going on in this chart so please bear with me. Price action on EURUSD has come into a previously identified support level anticipated to be a rally point following the break down below the neckline of an H&S identified on the Daily Charts (not shown/addressed here). This support level was...

scorpiousg Updated 

I have a short term/intraday bearish bias on FOREXCOM:XAUUSD , which has setup a Head and Shoulders pattern over the last week, with a neckline break out earlier this morning, with a lower low lower close below previous structure lows. Measured target for this pattern completes at about the 1290 level (which coincidentally is the neckline area for an Inverted...

scorpiousg Updated 

In conjunction with my previous analysis of FOREXCOM:XAUUSD (link below in "Related Ideas"), a bearish Gartley is forming and approaching completion on the 1hr chart which may support my short term bearish bias on this commodity. Used in conjunction with my previous H&S analysis this setup may provide a decent entry for the anticipated continued bearish move to...

scorpiousg

This is a very intersting analysis for me because I can't say I have ever really done analysis on Longer Term Time frames (to be honest just learning the power, value and different ways to use different time frames to plan and execute trades) NZDCAD completed an Inverted Head and Shoulders pattern between March 2014 and September 2016 on the Monthly...

scorpiousg Updated 

Following my earlier analysis on AUDCHF (see related ideas link below-and take a deep breathe), in line with my expectation of price consolidation for the next few days into next week (praying I don't get egg on me face), I'm eyeing a Potential Bearish Cypher Pattern in formation on the 1 hour chart. If price action can push up to complete the pattern, then...

scorpiousg Updated 

I'm looking at a triple bottom on AUD/ 15 minute chart, providing a potential 2618 opportunity. If price action can come into the area of the 161.8% inversion of the third bottom (an extension can also be used from the mid leg of the triple bottom to determine the 161.8%), this will provide a potential 2618 buying opportunity. Entry will be between the 61.8...

scorpiousg Updated 

NZDCAD looks to be priming for a Head and Shoulders breakout/down. Not much more to say to this really. Kinda speaks for itself. Keeping an eye out for this one. Looks to be good probability trade and a real earner. What I am loving and is making me love trading even more and more is this: A vertical measured move from head to neckline provides the potential...

scorpiousg Updated 

So I've been quite dovish about publishing ideas as I am new/green to publishing and still growing in the trading arena. I've been watching FOREXCOM:AUDCHF since June and thanks to the education I have been receiving lately, my analysis of this pair has been quite spot on, so I'm so happy I have found such good teachers and I am seeing signs of grasping the...

scorpiousg Updated 

FOREXCOM:GBPUSD Has been consolidating within a tight range for the last few hours and is setting up a potential Bearish Gartley pattern within that range. If the pattern should complete then I would be looking for a selling opportunity back into the lower support lines of the channel/range. If the pattern does complete, I would be looking for an entry condition...