taftrader

taftrader

The Weekly ran down to the monthly tenkan and last week we could not break it (yellow zone). In fact we closed with a bullish candle in the form of an inverted hanging man on a very strong resistance which adds confluence. So we were now looking for a good entry positions. We zoomed down to daily and yesterday's candle closed above its tenkan,this could mean the...

taftrader

The Weekly ran down to the monthly tenkan and last week we could not break it (yellow zone). In fact we closed with a bullish candle in the form of an inverted hanging man on a very strong resistance which adds confluence. So we were now looking for a good entry positions. We zoomed down to daily and yesterday's candle closed above its tenkan,this could mean the...

taftrader

We just encountered a good support zone which consists of the monthly Kijun,Daily SSB and Daily Kijun. We are currently witnessing price being being rejected from this zone. If the bulls are strong enough they could take price all the way up the recent highs. Take note of the twist in the cloud, this offers less resistance and could let price go straight through...

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This is continuation of the analysis attached below.We failed to break past the weekly tenkan which is now acting as support. We activate our long trade. Entry: 1.18240 SL: 1.17643 TP 1.20950 R 4.5

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We got stopped out by a parabolic move up but our thesis still stands and we just closed the 4H under the weekly tenkan. Our TP still remains the same zone. Entry: 10.9523 SL: 10.936 ( very agressive) TP 10. 810 R

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Remember our original thesis here is bearish but we wanted to get a break of ssb, retest and then we enter. Alternatively the other option was price going up to test the yellow zone (see attachment) then we get in on rejection from that zone. What we are seeing now is the daily ssb acting as strong support and refusing to let price through. This means we can take...

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Last week price failed yet once again to cross and close above the weekly kijun and the 11.000 resistance level. We know if price tries something and fails several times it will go the path of least resistance and in this case its down. The weekly tenkan zone from 10.778-10.800 is the target area. We take the trade on the 4H and it gives us better risk to reward...

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We are observing what seems to be a break and retest trade in Copper (cfd). We had the 3.1000 level which acted as resistance since the end of September. This level was broken convincingly by the daily candle on 20 October consequently peaking at over 3.2. We then observed a retracement to the 0.786 fib zone.Our trade intends to ride the rise from the fib to the...

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The daily SSB seems to be holding the daily price and keeping it from falling. The question is for how long?. We are in a bearish trend and we expect the bears to gather enough momentum to pierce through the SSB and possibly reach the green zone. We want to see a good break either on daily or lower timeframes of the SSB and a possible retest for us to get...

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We have an inverse HnS that completed on this pair. This means we expect a good breakout of the neckline and our target area being yellow zone around 1.2100. The head represents the small wick we saw protruding on the monthly October candle. It failed to break and close below the monthly cloud boundary and what we are seeing is the bulls coming in from that zone...

taftrader Updated 

We activate our bullish trade. The ultimate target is a test of the monthly kijun,so it could take some time. Entry: 2 small positions @ 93.52 SL : 92.35 TP 1: 95.97 ( RR-2.09) TP2 : 97.36 (RR- 3.28) Risk Management critical!

taftrader Updated 

We had a beautiful tenkan bounce on the daily today. That and the potential completion of that W formation make good confluence for a trade. We split it in 2 position because we have a strong weekly ssb resistance to go through at around 42 so we should definitely take some off the table there. The ultimate target is 44 which should complete the big W...

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We just took our portion of the meat off the bone and leave the rest to others. Good R multiple of 3.09!

taftrader Updated 

Last week created a lower low for the dax. We managed to carve out a head and shoulders and we want to ride completion of the pattern then also reach for the weekly kijun if price action allows.The lagging is free to fall. We put 2 equal small positions. Entry: 12 908.99 SL: : 13 202.10 TP1: : 12 452.82 ( RR-1.55) TP2 : 11 859.23 (RR- 3.31) ( we...

taftrader Updated 

Price tried to penetrate the cloud but the resistance proved to be just too much. The weekly Kijun, weekly tenkan and monthly cloud ssa are just too much for price to penetrate. This week we expect price to take the path of least resistance, and that is down! The lagging is not yet in free territory so we reduce size and take caution. Entry: 24 386.8 SL : 24 ...

taftrader Updated 

We are just going to ride this retracement. Yesterday's daily candle was a bullish engulfing and we expect a follow up to that momentum. Entry: 0.6448 SL: 0.6433 TP: 0.6479 RR: 2.25

taftrader Updated 

Beautiful head and shoulders in progress. We have a bet on strong dollar (attached) so we get in on anticipation of pattern completion. The 1st target is the neckline and 2nd is the weekly kijun zone. Entry: 0.66012 SL : 0.66900 TP1 : 0.65062 (Neckline) (RR-1.07) TP2 : 0.63707 ( Weekly Kijun zone) (RR-2.6) Position sizing is everything!

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Validation at last!!!. . . . We still have the longer term trade (see attachment) on but for now we bank in 3.64 RR!