You can swing trade even without Elliott Waves using commonly known algo targets. Trading algos don't care about Elliott Waves, they can only detect swings and use common fib relationships for entry/exit points. Usually algos are written to defend 50% and 61.8-65% retracements of the prev swing and then use -23.6% and -61.8% as their conservative targets for...
LTC failed on the last bounce we got back in April at the 50% retracement line, that is algos selling, typically their target is the -23.6% which we have been trying to bounce off of here the last couple of days, if we lose the -23.6 we will see a fast drop in to the $60s
OK, this one I did *without* trading fees just as a joke. The previous post for BTCUSD had fees. Seems ETH is no longer regarded as a security. Good news and perhaps interesting place to go long!
If you missed the set up here: My algo has spotted a new sell opportunity that may allow you to jump on the train (red zone) before a new LOW (green). Good luck!
EURUSD went into a rally late December which continued in January as expected and hit resistance on January 25 UTC. Its strong momentum and the speed at which it was punching through each price level let one think that resistance at 1.25 would break. The first hit on January the 25th UTC was actually already a triple top on it's own, if viewed on the 5m time...
GBPJPY 200+ pips skyrocket on news! TOP SECRET
December 30 a typical stop hunt similar to earlier documented events is detected. Again at the end of the week and just before a drop is expected. The start of this event was easy to recognise because of the change of price action acceleration, speed and momentum. View the highlighted time range with 1 minute precision to best see the embedded whipsaw patterns...
In current chart You can see 2 last fibonacci retracement on bigger and smaller time. Both took place on important fundamental env. First one took place 2 weeks ago on NFP. 61% was hit and price went into retracement swing up to 38%. Second one is small intraday trend which took place today and again 61% was hit and then after Catalonia annoucement London took...
D, 123, Gr4d, Candlestix 4hour unfinished Candlestix Gr4d looking for a Bullish breakout out of the channel & also a touch of the 50ema 1hour weve popped above the 50ema and completed 1 CGR and currently at 11:20 we have 1 more Gr4d above current candle with candlestix within range... will also try to trade and build the Algo to trade with these setups
We just entered a sell position on the GBP/USD with a target of 40 pips. No other targets will be placed as this time frame is rather weak... Good luck as always traders.
Just entered a new Short position on the EURNZD pair for 2 profit targets. Target #1 = 30 pips this has a 95% hit rate Target #2 = 50 pips this has a 73% hit rate Good luck traders
Just placed a Long position on the GBP/JPY pair with a focus on the 1st Price target of 40 pips. The next 2 are on the table but the probability of a hit on those is not very strong...but we never know until we know... Good Luck Traders
Taking a short on the candle opening after the previous closed position.
I haven't posted in a while because I have been working on my algorithms lately and have almost entirely ceased manual trading. From now on, any chart with the blue background is a trade taken by my algorithm. I can't post targets for exiting positions based because the way it exits winning is too complex. The algo opens on average 2 positions per day, so I...
This is a quick short position with only 2 price targets - the 1st target has already been hit and the 2nd should hit during the open or asian session. Based on our algo and time - this is a very weak position with only 41 pips of potential profit. Entry Level - 1.6127 1st Target - 1.6000 2nd Target - 1.6088
Current algo targets (red circles) Crude algo intra work sheet 645 AM Dec 2, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo Considering the fact that a recent time / price cycle has expired algo targets are considered "soft" - waiting on confirmation. twitter.com www.compoundtrading.com