I just put out a video on how to break down the market using harmonics and fibonacci. I use the trade Just entered on the NzdUsd as the example. The trade I entered, is what is here on the chart. I entered after the bearish engulfing candle at the completion of the ab=cd pattern. Here is the video link if you would like to check it out. Good luck and good...
First, there is a potential bearish cypher pattern on the EurUsd that will complete @ 1.11730. Stops will need to be at least 1.11857, with target 1 at 1.11602 and target 2 at 1.11519. Usually cypher patterns have an inverse risk/reward ratio when you get onto the lower time frames, but this one is right at 1:1 for target 1 and better that 1:1.5 on target 2. I...
My first successful trading strategy was a simple trend continuation strategy. Wait for a pullback after a new structure high or low, then enter when price has entered into the potential reversal zone. Its a great example of how "simplicity is the ultimate sophistication." Here you have excellent risk to reward, and (according to my back testing) a setup that has...
For anyone interested i will be live streaming my trading on my you tube page beginning at 8am est. On the Chart, you have two potential advanced patterns on the GbpUsd. The first is a cypher pattern that will complete at 1.31070. Now cypher patterns are usually a trade off when you get on the lower time frames. They have a >70% win rate, but they sometimes have...
I just put out a weekly preview on my you tube page. In the video I cover a few pairs and breakdown how you can potentially take advantage of the market (particularly dollar pairs) both bullish and bearish. Here on the UsdCad we have a nice kill zone between 1.3020 - 1.3067. You have fib confluence, potential AB=CD completion along with a Gartley pattern. Now I...
There is a massive potential bat pattern on the GbpJpy that will complete @ 133.446. You can trade this like a normal pattern and take your targets at the .382 & .618 fib retracements(Red and Green on the Chart). Or you can use this as an alternate entry for a long term trend continuation trade(Black and Blue on the chart), since this is with the overall trend of...
There is a potential bearish bat pattern that will complete @ 100.820. Since we are still a little ways away, you can use a 1.13 fib inversion (of the X-A leg) stop loss, since we don't know what the ATR will be if/when the order is filled. You have better than 1:1 R/R on target 1 and better than 2:1 on target 2. If you trade bat patterns, keep your eye on this...
There is a potential bearish bat pattern on the usdjpy that will complete at 100.99. I also just put out a video on my you tube page that breaks down 4+ more currency pairs. The video has advanced patterns, trend trading etc. Here is the link if you would like to check it out. Good luck and good trading.
I just put out a video on my you tube channel breaking down a trade that I entered on the NZDUSD yesterday. I entered yesterday on the recent double top that was just put in, but if you missed it I show how you can use a 2618 for entry. That way you can get involved and still look for a bigger move to the downside. Check out the video, and if you like it please...
There is a potential Bearish cypher pattern that is going to potentially complete at 1.31282. There are a couple of options that you have for taking targets with this setup. Since the gbpusd has just broken structure to the downside, we are in a bearish trend on the 1 hour time frame. So you can take the traditional target 1 and 2 at the 38.2 and 61.8 fib...
We got a potential bearish cypher that will complete @ 78.825 on the AudJpy. Since This cypher pattern is with the current trend on the 1hr time frame you can look for extended targets, or use it as an entry for a trend continuation trade. No matter how you trade this though, it should present an excellent opportunity if price makes it up to complete the pattern....
Got a potential bearish bat pattern on the EurJpy that will complete at 114.13. Using 1 ATR, stops will be around 115.58 with target 1 being around 114.67 and target 2 at 114.36. As always follow your rules, Good luck and Good Trading
There is a bullish bat pattern on the GbpUsd that will complete at 1.31376. If using a 1 ATR stop, your stops will be around 1.30895 with Target 1 at 1.3198 and Target 2 at 1.3236 (if you trade 2 targets). Good luck and Good trading.
I just put out a video breaking down this trade that I entered last night. Here is the link.https://youtu.be/FZDU2nAuipc. Its a simple trend continuation trading setup, but it shows the value of knowing how to read structure. Also those who have already seen part 1 of the "pro trader course" that I am putting out on youtube, part 2 will be put out on 7/31/16. We...
All of you out there that trade the AudCad and advanced patterns, there is a huge bearish cypher setting up that will hopefully complete sometime this week. Like most cypher pattern's Target 1 is right at a 1:1 risk/reward, but target 2 is a little better than 1.5:1 risk reward. Being that this particular pattern is about 70% accurate depending on the currency...
There are 3 potential patterns setting up on the AudUsd 15min chart. There is a bullish cypher pattern that can complete @ .74530. Then there are 2 potential bearish patterns, you can take the cypher @ .74985 which is the higher probability trade, or you can wait for the bearish bat @ .75055 which provides the better risk/reward ratio. Whatever is in your plan, if...
There are 2 potential patterns setting up on UsdJpy. You have a potential bearish bat pattern that will complete @ 106.640. Then there is a potential bullish Cypher pattern that will complete @ 105.815
There is a bearish bat pattern that will complete @ .70092. So all of you advanced pattern traders, if you trade the NZDUSD, this is one to keep an eye on during the New York Session.