AUDNZD - Bearish breakout from descending triangleAfter testing the lower bound of this descending triangle, AUDNZD appears to have made a jump lower. A pending sell order is set at 1.038 to catch this bearish breakout. This price point was selected in consideration for the 1.04 psychological support level. However, this is still a bit of a risky entry as the lower indicators are showing oversold values.
Recent support was shown in the 1.025 area. A conservative play would be to take profit at this level but price action will dictate how I handle this position once that level is approached.
Ashi
EURGBP - Bullish trendline break at 50% retracementThe price for EURGBP has retraced to the 50% level of the upward move starting late May. This could set up to be a great risk reward opportunity. With the rejection of this key Fibonacci level and a trend line break for this retrace, I will wait one more day before making an entry decision.
The criteria for a buy entry here will be as follows:
Today's heiken ashi candle must stay green
There should be little or no lower wick on today's candle
The fast Laguerre should stay above 0.15.
The slow Laguerre should raise up above 0.0 (optional but would build confidence)
If everything looks good end of day tomorrow, an entry order will be place a few pips above the today's high.
GBPCAD - Bearish trend continuation and potential sell setupThe overall down trend appears to be holding for GBPCAD. Furthermore, the beginnings of a possible bullish bat pattern are taking shape. However, the current BC retracement is a little short at this point. Nevertheless, the pattern appears to be in proportion and a sell setup is likely before the end of the week or early next week.
AUDUSD Short LogicAUDUSD possible consolidation .74 - .77 in a double top or 3 drives ( as illustrated).
If Point C of potential Gartley can hold ( .7760) , we would be looking for a short setup close to the supply zone.
The short trade would follow the entry and exit rules for trend following with HA candle , listed by Dale _ Ansel .
Stop Loss @ .7840 above X.
Potential targets would be
1. Demand Zone .7420 - .7450
2. B Point to Prior Swing Low @ .7150 - .7180
3. D Point @ .7040
4. X Point @ .6830
AUDUSD Quick Scratch Setup 7/19/2016 1 Hour Heikin Ashi ChartA quick setup for AUDUSD on 1 Hour Heikin Ashi Chart...
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AUD fell 1% low after central bank meeting move an open door for a move in August, though Australia is still recovering from major drop in commodity prices, and additionally the employment rate in Australia is stabilize...
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USDJPY Updated Scratch Setup 7/18/2016 1 Hour Heikin Ashi ChartWe are back with all in all USDJPY Potential Updated Scratch Setup 7/18/2016 On 1 Hour Heikin Ashi Chart
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GLOBAL MARKETS-U.S. stocks hover near record highs, oil falls and also Japanese Yen fell after the failed Turkey Coup. USD rose above JPY currently.
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Fist's Slow Move Heiken Ashi EMA7 Side by Side ComparatorGlaz's great slow-move HA with a couple of tweaks and an EMA7 applied. Works exactly llike the EMA6 strategy by Shiva Krishnan but with clear reversal arrows.
For folks new to trading, I'd strongly suggest you only trade with trend - catching reversals can be tricky: so many people get killed doing this. Additionally, the 'trade fear, not greed' principle is worth thinking about i.e. trading short is often more dynamic than trading long.
Publishing at 15M but designed for 1M. Might work across multiple time-frames.
Shiva's strategy suggests you take 2M trades from 1M charts. Others advocate 3M chart and 3M trade immediately after harami set-up or doji, with trend.
Fist's Harami Killer with EMA6 by the Fist of KhanSimple harami and doji indicator adapted from Repo32 Candlestick Identifier - a great piece of work and awesome respect to the originator. This script only shows harami and doji for use with Heiken Ashi in above/below comparison to traditional candlestick chart.
It leaves a clean chart without too many distractions so you can concentrate on price action.
A useful indicator for trading next candle/s in direction of trend off doji or harami. Use Shiva Krishnan's EMA6 method for additonal confirmation.
Publishing at 15M but works well on shorter time-frames.
Please do not just follow the dojis and haramis - general price action needs to be taken into consideration, of course. And please test your own strategy.
CADJPY The pair is apparently fulfilling a flat top triangle in a smooth heikin pattern, the price maybe can broke the diagonal support and fall to the 79/80 zone; But this point is very interesting:
I speculate: The price can't broke the diagonal resistance of the weekly chart, maybe not touch - and then run out and go to the 90's, why not -
But if all fall, can go to he 2008 pattern and continue to her historic minimum. i prefer think in the stable dancing around the fibo.
Ideas, comments or corrections.
These are always welcome
RTN-160412-STO/DMK-SHORTi see the next at NYSE:RTN
The stochastic close a turn down
The price have problems to cross the 127 zone
The price meaby can test the 130 level again
The price is filling a flat top triangle with a nice heiken smooth path, and is close to broke.
Setup: Short
Entry: 127.6 (over not cross or rejected by 130 zone)
SL: 132
TP1: 112
Ideas, comments or corrections
They are always welcome
XAUUSD-160412-STO/DMK-G1D-SHORTFX:XAUUSD Is in the end of the bull trend, today bar present a bull with small mesh at the 1250/1260 zone, maybe can go up a little bit more but in the price graph can see a beautiful Head and Shoulders formation.
Setup: Short
Target 1: 1190
SL: 1290
Target 2: 1087
SL: 1190
Ideas, comments or corrections.
They are always welcome
KORS-160411-CCI/RSI-G1D-LONGNYSE:KORS is reacting to the support line and the RSI and Demarker confirm this, but the CCI present a large flat downtrend, at march of 2014 present the same comportment the security and the result was a double top and finally a large and continuous downtrend.
Speculative Setup: Long
Open From: 51.2
Target: 53.4
SL: 49.8
AUDCHF dancingI think the pair appears to go through a channel as shown in the stochastic will easily pass if a departure in reality it is an "arm" of the oscillatory motion having from or before April is done.
my position: short
target: 65.80
comments, corrections, ideas and suggestions are always welcome