DonjonCapital

DonjonCapital

I've not been doing a lot of technical analysis, but I really don't even need to keep up with it! I just come back every few months or years and check out my pitchforks. They're always giving me such an interesting perspective into the market. If my pitchforks align with my love for Wyckoff Cycles (forextraininggroup.com), I trade those. Today, for no reason, I...

DonjonCapital

Schiff Pitchfork from previous trend. Watching for support from the top band of pitchfork to hold.. if so, taking a bullish position. Short impulse 'Wave 3' leaves possibility of a long impulse 'Wave 5'. (right?) On Balance Volume indicates strength for continuation of uptrend.. I like this trade for an approximately 30% win!

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DonjonCapital

Playing around with some technical analysis tonight.. I found a found a pretty decent buy zone for FB. In the video I explain how I identified it.. I also go into a little bit of detail about how I chose the the option contract I'd like to play. I hope you enjoy! Sorry if it's a bit awkward, it's my first video upload.. More to come, I hope! Have a good one,...

DonjonCapital

Weekly candle has broken out of an old pitchfork channel I had on GBPUSD.. Acknowledging the likelyhood of a retest of support/resistance, I'd say it's a great set up for me. Low volume nodes make excellent targets. ~180 pips for grabs here, if we tap the target low volume node area.

DonjonCapital

I'm under the impression that Gold will correct to approx. $1254. I've got a 'Magic Fibo' target, an Elliot Wave ABC corrective wave target, and low volume nodes on the volume profile. We've just broken below, and retested some pretty heavy intraday support, and with that my algo triggered for a sell on the 15m candles. Really liking this entry. Putting...

DonjonCapital Updated 

Bearish Deep Crab on CHFJPY today gives an opportunity to ride a short position to the median line, granted we get an appropriate entry signal. I'm going to be looking for price to break below VWAP with increased bearish volume. I use a couple of other indicators as well, as I'm sure you do too. Price has good chance of retesting median line of pitchfork (in...

DonjonCapital Updated 

If my count is correct (12345), I believe we have a pretty clean long position here.. (Can a '12345 corrective' come immediately after an ABC? I'm only beginning to learn Elliot rules.) Channel looks good, take a long with a stop shortly below the 2 and 4 position, below the channel. I feel like if that doesn't hold there isn't much evidence for a long. About...

DonjonCapital

Volatility looks good. Volume looks good. Wave/Triangle counts seem legit. Candlestick patterns have bullish sentiment. Good spot for a long position? I think so. ~300 pips to my forecasted 'Wave 5' target, which lands right on a low volume node. Stop loss around 1.92838. Take profit area shown on chart.

DonjonCapital Updated 

We've been trading in previous days range for quite a while. It's likely price will pop out and explore above, or below. My analysis seems to imply below. If so, we have a pretty sweet short opportunity for about 80 pips (from where I'm entering, which is now). Take profit at or barely above low volume node @ 1.93530. Long position from there? Possibly.....

DonjonCapital

Nice fib convergence for UK oil here! I was already bullish from previous analysis. Just noticing this. Very happy with a long position here. Exit around 71.090.

DonjonCapital Updated 

Please forgive my elliot count. I'm an amateur.. Please, criticism is very welcome. I believe these counts are valid? Regardless, we have a perfect 'Magic Fibo' target! (See my previous ideas for magic fibo target outcomes) Volume profile seems to compliment the forecast well enough! Trade will take a long time to play out! Keep an eye out for good long...

DonjonCapital Updated 

Bullish Gartley and pitchfork combination yields a few opportunities to us. I'm going to be looking for a place to enter LONG on support. Exiting the position at the median line touch, marked by the red box. This pitchfork should last a long time. I'm happy to have it!

DonjonCapital Updated 

CADJPY providing us with a super clean (max) butterfly and a beautiful C-D pitchfork to accompany. Median line was tapped almost immediately! Remember, 80% chance of this happening! So, I'm hesitant to go short - right away. However, the pitchfork should give at least one of two super easy plays!! Watch for price action to bounce around inside the channel!

DonjonCapital Updated 

I'm really liking the look of this projection for an impulse wave UP for NZDUSD. The wave 2 retrace was just barely shy of 61.8%. Would have liked a touch, there, but it's close enough to play in my game. Fib projected targets line up beautifully with visual support and resistance levels, as well as volume profile value areas and POCs. I'm going to jump in and...

DonjonCapital Updated 

Seems to me, some evidence here. Gartley, or butterfly, or whatever the fuck it's called. Nice pitchfork off of that, giving us some energy points. Fib lines up nicely. Sentiment analysis confirms (see link below). No news tonight.. I'm going for it. Sentiment analysis:

DonjonCapital Updated 

Just a wild guess.. Threw some Fib on there... There's definitely a few trades in there!

DonjonCapital Updated 

Going Long! GBPNZD. Enter ~ 1.90000 TP 1 about 105 pips. TP 2 about 270 pips TP 3 about 340 pips. Stop ~ 1.89480 Pretty big stop for what I'm used to. ~30 pips. So position size accordingly, as always! Enjoy and good luck!

DonjonCapital Updated 

Here's a quick look at our current Bitcoin scenario from a Wyckoff perspective.. The Wyckoff accumulation event suggested here is a nearly textbook case example. The market seems to be reverberating from a large amount of strategic accumulation! I might suggest that our 'must hold' level for this bullish scenario is the shaded area between $3700 and $3800....