timmynorin

timmynorin Updated 

4 failed attempts on breaking to the upside. We now have a broken trendline to the downside. Targetting retest of 1.00000 Stop loss above the highs

timmynorin Updated 

Price action is heading towards previous (historical) support level. Break of wedge to the upside gives me a signal to go long at retest. Targeting the historical support level.

timmynorin Updated 

We have a 2618 playing out after D completion of a Gartley seen on 4H Im shooting for 2 targets this time with conventional 0.382 fib of gartleys C-D leg in mind. Orders are pending, lets see if we get filled.

timmynorin Updated 

A broken bullish trendline, now acting as resistance Several previous support levels broken, now acting as resistance What could go wrong? Well, we shall see!

timmynorin Updated 

We find a 2618 (double top followed by retracement to at least 0.618 fib) opportunity to get long. I put my entry below 0.618 to improve my risk to reward ratio. Order is pending, lets see if we get filled.

timmynorin Updated 

We have a gartley completing right above a clear structure zone that should act as support. I'm putting my entry order within the structure zone for better risk to return. All in all, A small trade with relatively good risk to return. Lets hope we get filled!

timmynorin Updated 

Bearish bat with trend line together with structure as resistance. Lets see if we can squeeze out some profit

timmynorin Updated 

Gartley completing within a price range that has previously been showing both support and resistance many times. Together with the structure we also have a bearish trend line to back up as resistance. Target 0.382 fibo of A-D leg. Lets see if we get filled

timmynorin Updated 

Price action broke out of consolidation / structure channel to the upside. We find an opportunity to get long at the 0.618 retracement of the bullish leg. Structure and bullish trendline adds up as support. We also see a 2618 with the double bottom followed by the break out and 0.618 retracement Order is pending, lets see if we get filled!

timmynorin Updated 

Advanced pattern - Bat completing in a clear structure zone where price action have struggled, supported and resisted several times before. We also have a bullish trend line to add to our support, aswell as a previously broken bearish trendline. Order is pending, lets see if we get filled.

timmynorin Updated 

Bearish Cypher completing below previous trend/pennant line. Although it has already been violated, it could potentially hold some resistance. Lets see if it, with the help of Mr Cypher, can beat the bulls.

timmynorin Updated 

I let the chart do most of the talking. But the main ingredients in this setup is fibonacci retracements to predict entry, target and stops together with previously tested structure areas that is of interest for building this case. Oversold condition together with the 0.618 is my signal. Lets hope we get filled, and lets see how this plays out.

timmynorin Updated 

As USD trembles, XAU makes its path upwards. I will enter above 0.618 fibo (see chart). Entering late will give me a better risk to reward ratio, sure, it does also decrease my chance of getting involved - but I will live with that. Trend + structure were broken on the downside, which adds to the case with this 2618 trade. Order is set, lets hope we get filled!

timmynorin Updated 

We have a double top followed by break of structure to the downside, followed by a retrace to 0.618 fib - which gives us an opportunity to get short with 2618 strategy. I trade this setup without waiting for confirmation by, for example, engulfing. However, I put my entry higher than 0.618 to get better risk to reward. Target just above a previous structure,...

timmynorin Updated 

Time to get short!.. Or long!.. Or both. We're currently in a previously tested channel with support/resistance both above and below. We see two pattern forming. Gartley (red) and bat (yellowish). Orders are pending on both, lets see which gets filled!

timmynorin Updated 

Another 2618 hits the radar and order has been filled. On a bigger scale we have a bearish cypher which favors the sellers, on the other hand we also have a trend continuation favoring the bulls (on the bigger scale). Nevertheless, 2618 is an entry reason for me to get long on this pair today. Lets see which side prevails this time!

timmynorin Updated 

1. Bearish bat formation which turned out a winner, but not before putting up a fight. I entered this one since we also had a previously tested support and resistance area. 2. If the marked decides to push the price down we could see a complete bat formation. Although Im not too happy about the bullish trendline being violated, which itself is a bearish signal....

timmynorin Updated 

See description on the chart. As for the placement of stops and targets; I see these two as completely different trades with each rule set. Hopefully, we get filled with the gartley before taking both targets. Alternatively, we shoot upwards, continuing our bullish journey. After all, we're in a bullish channel. :)