Yes you heard it. This today really stood out to me. I wonder if for that reason the trade will not work, who knows right? The level at A was again reached by price and we will have to see what happens at "?". Near targets are old levels such as B or even C. I did mark D also, just because. There is not much else to this, PA signal at "?" but most people know that...
So i was looking through the charts today when i found this one. It seems to me that bitcoin might be getting ready for a trade, i have been thinking about building a position here for a while and the question that comes soon is when and why. Here are some reasons, is it so that the level A is still in play? Or will Bitcoin again reject the level B? Surely will...
Today i found something the looks like a pin/doji close to a previous level on this chart. Where price earlier, at A, reacted long now i find an opportunity to once again go long with a very high risk:reward target. I will later look at the level B to see how price reacts up there but for now this is a to good r:r trade not to take it. That doesn't mean a sure...
Today i noticed something, while this also is evident on the kiwi/dollar brother chart, to me this chart is where it's at. The reasoning is = "i will take that spinning top over a week looking pinbar, head was not good enough imo". While on this chart the usual suspects are present, decent risk:reward, previous area of price turning. For a TP i like the recent...
I have outlined what i feel are some important levels on the chart. To me this is not yet ready to trade. But it might be soon, if price wants to go down just a bit. Notice the letters on the chart and how there seems to be a level across the board, i mean if it does not go up of these lines i might as well go short on a retest of them.. We will see what happens....
So today this bar appeared and ... in my mind this reinforces the idea I've had recently that the EU pair does not want to down. But again who knows right? Though taking a look at this chart today i noticed a bull harami pattern at C, re-enforcing the levels B and D. In my mind the latest level before going down is the swing at A hence that target.
Here is one pointed out for me by another trader. What i see are PA signals, marking high points in price. But that does not mean that other peoeple see the same thing. At A there is a bearish harami bar (big green with small red candle at the top) enforcing a wooping six touches to the top, that is very strong if you ask me. I know this trade has already passed...
Here is something i noticed on the euro. With the many attempts of the now known level around 3684 - 3639 will the decline commence? Honestly i would have shorted that bear harami if it wasn't so close to the level at 4. To me this was a clear sign that long was not an option here, at least not in the coming week. We will have to wait and see how this goes but at...
That is the question. I noticed this bear harami formation yesterday but since the market just closed i did not do much about it. Now what i have to think about over the weekend is what to do with this. With a stop just over the 3 level one could place a rr 1:2 trade short going to 4.. But it isn't all that simple imo. Because this pair has been going flat for a...
Don't worry guys i'll make the lines fit .. as they say. Yes i usually find that a bit funny when they do that, but then again sometimes it does work. Here i found something on the Aussie that might be interesting. Notice how the IB at A closes the force down back to B and C, it acts in my mind like a dark cloud cover. What's interesting to see is if this will hit...
This time i found something interesting on the kiwi dollar. Notice how the High at A is just above the highs B and C, this is nice but not what i would like to see. Though it opens up the possibility for a short at A if price creates a PA signal while under the line. As it stands the formation at A, which is a known PA signal btw, is to high up and also above B+C....
I don't usually do this, but i just went short here with a market order. I'd say this one is as good as it gets, took quite a number of similar trades this month and they've payed of nicely. Notice the height of areas A and B, where price stalled also. At B it looks like an engulfing bar formed and that is not all.. i just happened to have an rsi on my chart today...
As the AUD/USD retraces up to the B level, where it held twice previously, will it hold again? Currently we are at the point of A and as it stands this could potentially setup a good short trade, that is if level B holds. For now i will sit on my hands but if i was to get a signal here i would target the area down at C.
Tonight i notice this Eur/Cad chart and i think to myself, hey if it rejected there and again there why not go long? The levels before, rejected at A and later held at B. Where price recently bottomed out, at C, note how D shows force to the up side. I see a over 1:3 rr in this and as usual that is good enough for me.
Today i am looking at a trade in USD/JPY. the resent surge up in yen has come to a halt, apparently at a point where it previously found resistance. notice the level at A and the pin at B. Will yen go back down again? The risk:reward is just over 1:2, let's see shall we.
Tonight i will be setting this one up. It is a pending buy on stop long order, my target is way up there but as usual if i see some weakness happen above 1:1 rr i will adjust stops and trail it out. Notice how the levels A and B where respected by price. This one is a schoolbook trade, needs no further explanation. Cya on the other side!
Here is one i'll be hitting once the market opens. Given that the market looks like this i would like to go long here once we open come monday. The reason is that price appears to respect previous levels A and B, while it broke down a bit there was no close below the pinbar B. With double pinbar/insidebar at C and a potential rr over 1:3 it looks like another good...
It is times like these where i would like to just hit that long order and enter the market but yet have to wait. Notice how price earlier respected the levels A and B, later C and D where also bounces. Will it happen again? I'd like to se a pinbar or something, give me a reason to go long here and i will be all over it.. Guess i'll have to wait one more day or two though.
