Get started

Buying

Structure Trade & Bullish Gartley All In Play on USDJPYFollowing my post from yesterday, the market has now come back a little little deeper than where i said it would but it's still a valid long trade in terms of the structure trade i posted yesterday and if you're a pattern trader instead, the market has given you another alternative by forming another gartley pattern which has just completed. I'm still gonna be staying out of this trade because my second target from the first gartley i posted a few days ago is still open. Another good thing about this trade is the fact that my RSI is showing oversold conditions so i expect a pop back up from this point, so only time will tell now. www.tradewithme.co.uk
Long
by JoMarshall
9
GBP/USD Analysis 01.05.2013Background: Price found enough demand to halt its current downmove @1.46300 where the current minor rally broke the (red) supplyline indicating that demand outweight supply at this moment , the rally stopped near the current high @1.5552 which can bee seen as current resistance which needs to be overcome in order to speak for returning strenght to the market , if we break the (green) demandline we may head down to at least 1.50280 which is the 50% retracement level of the current rally, any buying occuring at that level can bee seen as a further sign of strenght , however if we fail to hold this level we head back to the support @1.4630 and any rejection at this level can be seen as strenght yet again , however we may form a trading range between res.1.55520 and sup. 1.4630 for the time beeing . Signs of Strenght: Downmove came to an halt Broken Supplyline Signs of Weakness: Price failed to take out the actual high Key Levels above current price: 1.5520 1.5870 Key Levels below current price: 1.5028 1.4630 sidenote: A downmove can only last for so long till their is a change in demand, and the balance of supply and demand changes in the favour of demand , ie. the buyers are at least heads up with the sellers and stop price from going any lower , if price then is in equibilirium ie., going sideways most traders agree on the same price "fair value" value = price over time , this balance(cause) aswell only goes on so long till there is a change in demand and supply and we have an imbalance(effect) and a new trend establishes till we find balance again..
by Invezted
XAU/USD: Potential Bullish Gartley at Previous Structure SupportLooking at a very deep potential bullish Gartley here on XAUUSD that if completed would come right into previous structure support. The wicks created in that previous support zone made this an opportunity that I like regardless and having an advanced pattern complete at the same level just put icing on the cake. Very low risk opportunity compared to the potential reward as this chart has started to show us some consolidation. Bigger picture, there are a few more setups on the horizon including the potential bearish Bat shown here in orange, but that should matter at this point unless you are a trader that uses such things as a way to shoot for extended targets. We've got a brand new website over at www.tradeempowered.com so make sure you check it out, including an a blog post that I wrote today titled "Trading From A to Z" let me know what you think! Until next time, plan your trad and trade your plan Akil Stokes Chief Currency Analyst Trade Empowered: Live Your Passion www.TradeEmpowered.com
FX:XAUUSDLong
by Akil_Stokes
29
PAL Chaikin Money Flow BullishTrading today has been bearish for the stock as people take profits near resistance. However, the Chaikin Money Flow (CMF) is above zero which says the bullish trend is still in effect. The CMF operates regardless of how bullish or bearish market participants may opine to be one day or the next. As seen on the chart the trend remains upwards as the CMF is above zero. Thus when the CMF is bullish above zero, and the chart shows red days, peaks, drops, or consolidations these are possible buying opportunities. It really is not much different than going to the store and shopping with coupons. Read more about this indicator and its uses at www.tradingview.com Note that this indicator should not be used as a stand-alone buy or sell decider. It can be out of sync at times but it is helpful in confirming chart trends if it has worked in the past, just like any indicator or system one might use. If it seems out of sync then perhaps people are drawing trendlines on the indicator to see where it breaks through instead of seeing when it crosses the zero line.
BATS:PALLong
by trademan1