taftrader

taftrader 11 views ・

The trendline had one point and last week that made two. We had a strong break of the blue zone and we expect that zone to be tested back. That and the trendline support are enough for a bullish weekly trade. Another point of confluence is the inverted hammer ending last weeks price action. Entry: 1.6883 SL: 1.6778 TP: 1.7099

taftrader 35 views ・

We want to do a breakout pullback trade to the blue zone. The analysis is on the weekly. The blue zone was an important resistance zone which held since October only to be broken 2 weeks ago. Price will almost always come back to test a strong zone (blue zone).In order to get a good RR we however zoom into the H4 ,were we expect price to push up to the 147 zone...

taftrader 10 views ・

My analysis on this pair is hinged on the blue zone which got broken last week. Simply put i want to see a test of that break by price going down preferably to 121 and then giving up a bullish signal and we enter. Ultimate target is the 124 area .So lets wait for that price action.

taftrader 11 views ・

The bottom boundary of the descending triangle seems to have a lot of bulls defending it. If my thesis is right we should see this coming week be a bullish one. This coincides with the bullish weekly view i have on DXY. Entry: 14.5056 SL: 14.3887 TP: 14.7990 RR: 1.87

taftrader 3 views ・

It looks like we are bouncing off the kijun zone (yellow). This zone was an important support back in 2017 and it seems to be still a good support zone. If my thesis is correct we should rally to around 89-90 and then drop again from the double top formation. Entry 75 SL: 69 TP: 89 ( SSB Level) RR: 2.33 Manage that risk appropriately!!

taftrader 8 views ・

So if you superimpose the monthly on the daily you will see that the monthly tenkan is slicing at an diagonal angle. The daily close has respected this line since last week. The weekly is giving us a beautiful hanging man which is adding confluence to our short thesis. We are interested in the blue shaded zone as a target because this area was once a resistance...

taftrader 10 views ・

So the overall formation visible especially on the Monthly is a descending triangle. We are not interested in completion of this formation because the completion and breakout may only happen some time next year 2020 or even later. What caught our attention here is the bottom boundary of the formation which has been acting as a very good support zone since January....

taftrader 19 views ・

Trade not going as i envisaged so lets protect the profits we made on TP1 and put our trade on risk free. We can always get back in if the structure comes around.

taftrader 48 views ・

We could be headed for another Bullish retracement. We had a bloodbath from 12 November to the yellow zone which is a support zone. There are buyers willing to defend price there. The steep fall naturally means we should have a retracement of some sort and the blue zone is a good candidate zone since its the approximate 50% retracement zone or rather the Kijun...

taftrader 23 views ・

Okay so remember when we started this trade we put in 3 contracts, and we quickly reached TP1 (see attachments) and banked about 22 points? The other targets TP2 (50 points) and TP3 (78 points) remained open. A few days later we put our trade on breakeven and price started retracing back towards our breakeven level. Today's close was significant in that it...

taftrader 59 views ・

The market invalidated my theory of a market structure change on this pair. So i take the lesson given to me and add it to my notes. Lets dissect why the market rejected my thesis. When i look at it in retrospect i marvel at the simple message the market was trying to portray on this pair. I analysed on the H4 and made conclusion on market structure on H4 which...

taftrader 170 views ・

In this trade i had done the analysis mid October. The analysis was proved right today with the thrust in Massmart but i put my stop loss at an insignificant level. Its always crucial to hide your stop loss behind a significant level. In this case below 4000 would have been ideal. So what ended happening is that i got wicked out of the trade and soon after the...

taftrader 63 views ・

In case you did not listen when i said this market was literally screaming Sell Sell Sell in October,here is yet another chance you have for redemption. The upper blue zone was an important zone which was broken through on 21 November. This zone was tested and we had good sell candles coming thereafter but we dd not take these signals because we were still in the...

taftrader 23 views ・

This is a good risk to reward trade. On the monthly we are encountering a tenkan which is a resistance level. The daily is showing a loss of momentum due to this resistance and we expect price to go back to equilibrium on the kijun level which is our ultimate target. The trade is taken on the H4 after a change in structure was confirmed now. We broke down through...

taftrader 54 views ・

We should be safe to take risk off the table now. If my analysis is right we are a day or two from target.

taftrader 66 views ・

On the weekly chart we notice the shaded blue zone was a strong support zone for the 30 September and 7 October candles. Price then made an impulsive move down from 11 November and this pierced (breakout) right through that support zone. Such a move especially after 3 strong weekly candles usually leads to a retest of the breakout zone. That Is our trade for this...

taftrader 32 views ・

....and our trade gets closed at our last price magnet. . .RR of about 3. . .not bad, not bad at all:)

taftrader 90 views ・

After and almost parabolic drop since 25 November we are seeing the 1st signs of recovery,or rather retracement. Yesterday's engulfing candle indicated that bearish momentum has temporarily stopped. All things being equal we should see a retracement to the 212000 zone. Entry: 204122 SL: 199561 ( Slightly below the lowest point) TP: 211990 ( Slightly below...