Cmasterza

Cmasterza

After a great bull-run the major level is holding well and a double top (m-formation) is emerging. I enjoy trading double tops and bottoms as weekly reversals around major levels so this one is no exception. The double top has a bearish pin bar on what looks to be the second shoulder of the m-formation. The stop loss on this setup will be a mere 20 pips so I am...

Cmasterza

This is the setup that I have been waiting for (for a while now). The confluence of factors on this setup makes it a high quality trading setup in my opinion and here is what I'm watching: 1. Bearish pin bar 2. Moving average pinned 3. Previous support pinned as resistance 4. 50% fibonacci retracement level tested My view is that price is likely to fall from...

Cmasterza

The budget speech takes place later on today and the recent events in South Africa has created an impression that lacks confidence from investors. The Eskom debt and maintenance debacle is not going down well with Pravin Gordhan holding his cards close to his chest on plans to get the troubled utility back on its feet and avoid affecting businesses as has...

Cmasterza

The market is bullish on both the daily and weekly time frame so I am looking to buy under these circumstances and found the below to be of importance to me: 1. Capped trend line broken 2. Double inside bar candle breakout I'm happy to jump in here with the 80 pip risk - the reward is set at 375 pips so it will be worth it should the market play out this...

Cmasterza

This is a simple breakdown of a good price action trade setup 1. Breakout from the triangle pattern 2. Pullback to previous support 3. Fibonacci level in play 4. Moving average respected 5. Pin bar sell signal Stops for this type of trade setup is best placed above the pin bar where this setup is deemed invalid. The target value should be at least 2x the stop...

Cmasterza

Now that the market has pulled back after the breakout, a short opportunity based on the technicals has formed. 1. Breakout 2. Pullback to fibo levels 3. Sell signal candle (doji) 4. Moving average pinned for these setups the stop is best placed above the highs where the trade would be considered invalidated and the target is at least 2x the risk - in this case...

Cmasterza

This pair has a possible short setup forming after the support was broken. I'll be looking for: 1. Fibonacci levels to be met 2. Signal candle 3. Confluence like the resistance and moving average coming into play.... This setup is to be confirmed with the above in mind. Don't invest what you can't afford to lose. This is not investment advice. Subjective...

Cmasterza

This chart has a bearish market structure that has chopped out into a range between the 1479 - 1498 price range. Note the yellow bar that I've marked where price hasn't been able to break the highs and keeps falling down with aggressive bearish bars, this tells me there are more bears than bulls here but it's not set in stone. I like to react instead of predict...

Cmasterza

After trading in the triangle for some time the market finally broke out and created newer highs: 1. Breakout 2. Retest resistance as support 4. Pin bar signal 5. Fibonacci zone hit with the pin bar reinforcing the signal (confluence) This type of setup requires the stop to be a few pips below the pin bar candle and the target should be at least 2x that of the...

Cmasterza

A few factors meet in confluence to form this trade setup: 1. Resistance broken and tested as support 2. Short term up-trend 3. Pullback to the fibonacci levels 4. Bullish engulfing bar completed This type of setup entails buying once the high of the engulfing bar is broken with stops a few pips below the engulfing bar and the target at least 2x that of the...

13:56

Cmasterza

Based on the positions I took last week and a few pairs that I am watching, I am sharing my thoughts with you in this video. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information...

Cmasterza

Lower highs are being formed as can be seen on the daily time frame Flipping to H4 I noticed a bearish engulfing bar that perfectly tested the resistance level. Given the major resistance holding strong this sell signal is somewhat significant. For this type of setup the stop is best placed above the engulfing bar where the setup is deemed invalid and the...

Cmasterza

There are a few factors that come together on this pair. I note my points below that draws my attention to the bulls. 1. Down-trend structure changed to HH and HL 2. Breakout of bullish flag pattern 3. Pullback to Fibonacci zone 4. Bullish engulfing bar completed (See D1 as well for another engulfing bar) For this type of setup the stops are best placed below...

Cmasterza

Note the respected 1512 level marked and how a candle pinned the level and the yellow bar I was waiting for price to reach. 1. Rejection candle 2. Second candle is an inside bar 3. Top bollinger pinned 4. Capped trend line holding Ideally the confirmation will be a breakout from the inside bar pattern to the down side, this is where I will look to open my short...

Cmasterza

In my view this is a good quality technical setup with low risk 1. Good support on the weekly time frame 2. Inverse head and shoulder pattern on D1 - a reversal pattern found on major support? How lucky :) 3. Pullback to the fibonacci zone 4. Pin bar signal candle 5. Moving average pinned This trade setup can be traded with a provisional target and if the...

02:27

Cmasterza

Draw perfect channels using a quick hack. 1. Draw at least one level connecting two highs or lows that are of importance 2. Press and hold control and click and drag with your mouse 3. Now you're an expert channel drawer :) Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can...

Cmasterza

After breaking the capped trend line the market has pulled back and formed a bullish engulfing bar above this level. The market has formed a higher high and higher low indicating the possible start of a bullish structure. Relying on one HH and HL is not enough for me so I will look to buy once another higher low has formed using price action. Take note that for...

Cmasterza

After a failed fist attempt, here I am seeing TONS of bullish signs.... 1. 61.8% Fibonacci level in play 2. Last week Friday = doji (indecision - bears losing steam?) 3. Support pinned 4. Lower bollinger pinned This is starting to look like an inverse head and shoulder pattern with each shoulder and the head having 2 bumps. I am still aware of the capped trend...