Going to sell AUDJPYHey, traders. Here an example of the trades we found today in my live trading room. AUDJPY is dountrending after the double top neckline violation. As usual we place our limit orders at 78.6. Stop is exactly X and the target is 61.8 retracement from the lowest close to the entry point. Hope you find the information useful. Cheers.
Alexander_nikitin
Cadjpy short opportunityHey, traders. Here's the example of the trades we found in my live trading room this morning. We identified the bearish bias and key levels on Daily timeframe and made a decision to find some sell opportunities on our trading timeframe. The chart shows these key levels. Here we have a downtrend installed. I tell my students again and again that a trend is tendency of price ot move in one direction and it is identified as a series of higher highs and higher lows or lower lows and lower highs. Look at the chart and tell me if we have one. Using my ACS-based swing identification technique we calculate our swings.... Yeah, this is what we do. We calculate swings. Pure maths. Then we compare one swing to another to see the ralationships between the swings. There're many type of swings in my approach differentiated by their relationships but to start drawing the pattern we only take a swing that is called "confirmation sign". The rest is simple - stretch fibs and bla bla bla...
Hope this explanation was useful. If you have some questions about my approach or about my live trading room then live me a private message.
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It's time to look for some trend continuationHey, traders. When looking for trend continuation I always wait till price retraces to the previous impulse final point. The zone where the upside movement is most likely to start is marked with blue rectangle. Somewhere here I will be looking for some patterns to appear on smaller timeframes.
Using Gartley Formation as Trend Continuation + AcknowledgementHey, traders. Here's an example of trades we found recently. The idea is that a trend is a tendency of price to move in one direction. With that being said now look at the chart. We are obviously bearish. A series of lower lows and lower highs is pretty noticeable. What will indicate that the trend is over? It is a violation of the most resent high. That's why the stop is placed here. Targets are on the chart. I strongly recommend my students first the 61,8 target and become consistently profitable with it before they even think about the extended targets that I poersonally use. Hope you find the information helpful.
By the way. Some acknowledgements. I appreciate you gyus following me. It is 1000+ subscribers here on Tradingview. You support is very helpful for me. Keep up that work, mates. I appreciate it a lot.
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EURJPY downtrend continuation + Forex Weekly Forecast VideoWelcome back everybody to another edition of the forex weekly forecast. This time I am discussing different techniques of swing identification. Hope the information will be useful for you. This is the video: youtu.be
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Some more space for Euro to go higherHey, traders. Uptrend presents. Gartley formation almost completed. Looking for trend continuation here. Support me with your "like" and "follow". Do not be lazy to check my attached ideas. There's lots of educational stuff that can help you to improve your trading)