Alexander_nikitin
Short opportunities on usdcadHey, traders. I already posted the similar setup today. I am going to take both of patterns one by one if they complete. Stops need to be placed beyond X. Have a nice day.
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Two opportunities to get long on nzdcadHey traders. In this kind of setups we have two opportunities to get long. I call this setup "Revenge Cypher". If the Gartley loses then I will take a cypher. Because the Cypher is larger than the Gartley its profits cover the loss of the Gartley and overall we stay in profit in this situation. The two of them also can win. Or the two of them can lose. There's another option: the Gartley wins and the Cypher never has a chance to complete. Keep in mind that these setups are no way interconnected. The outcome of the first no way influences the outcome of the second.
I usually set two trades. Traditionally stops go beyond the X point. Originally, Gartley was designed to retest A-point. But I use 0,618 of AD. In Cyphers I use 0,618CD for target.
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USDCAD: REVENGE TRADEThis situation appears quite frequently in the markets. I always take both patterns. The are four types of outcome here: 1) Bat loses and Cypher wins 2) Bat wins and Cypher don't trigger 3) Bat wins and Cypher wins 4) Bat loses and Cypher loses. The patterns are not anyhow interconnected to each other so the bat outcome doesn't influence the Cypher outcome. Outcomes #1 and #2 are the most common. Click "thumb up" if you find the information usefull. Click follow if you want to stay updated with my ides. You support is really important for me)
small shart trade within large impulse rangeHey, traders, recently we had this large impulse to the upside. Technically, it doesn't mean that an uptrend started, because a trend is at least two impulses separated only by a correction. But before this impulse we had a very good series of LLs and LHs. Actually, to continue the previous downtrend we need the priceaction to go beyond the lower boundary of the up impulse. First, It make take a lot af time. And second, we van face some decent opportinities within the impulse range. Luckily, my trading plan has a set of rules dictating me the way of the trend identification. You can see how it works on the chart. Check the related ideas and press like if you find the information useful.