Get started

Good Risk/Reward

USOIL: BUYING OPPORTUNITY WITH GOOD RISK TO REWARD ON 60 MIN !!!Hello Traders, Here we are looking at FX:USOIL , which is presenting a buying opportunity in the form of a bullish bat pattern . The confluence between the 161.8% extension and 88.6% retracement levels is not that strong, but they are located close to one another. On the higher time frame, like the 4 hour or even Daily, we did get a break of the previous HL and placed in a new LL. This is just an early sign of potential break in the up-trend in FX:USOIL BUT we will only get a change in the up-trend after we put in 2 new LL's and 1 LH. Thus, after the new LL we are still just ranging between the recent HH and the new LL. So our bat pattern entry is located close to the new LL, giving us a good risk to reward on this trade setup. The stops and targets are labelled on the chart above. Total Risk: -3.60% Total Reward: +7.99% That’s all I would like to cover for this trade setup. If you guys have any questions or comments about this trade, feel free to write in the comment section located under this description section. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. All The Best :) Follow me on Twitter as well: moneymaking2016 Illustrates the break of up-trend on 4 hour chart:
FX:USOILLong
by moneymaking
2
USDJPY: POTENTIAL BREAKOUT LONG OPPORTUNITY WITH LOW RISK !!!Hello Traders, We are currently about to get a potential long opportunity on FX:USDJPY . The market has put in a double bottom at the bottom of a descending channel. Just need to wait for the "Break and Close" above the falling trend line (coloured purple on the chart above). Stops can be placed below the recent red pin bar (labelled on the chart above). I personally have entered long from the 104.00 even handle, little bit aggressive entry since we have not gotten a strong breakout. Seeing the retracement on this pair, the take profit is just a measured move of the previous retracement. We are also getting bullish divergence on the MACD. So overall, the risk here is low and the reward is pretty big, if it works in our favour. See the chart above for all the labels. !!!PLEASE DO PAY ATTENTION TO BREXIT VOTES GOING ON IN UK RIGHT NOW AND LOOK FOR HOW IT AFFECTS THE US DOLLAR RELATED PAIRS THROUGHOUT THE DAY!!! THE VOTING BOOTHS CLOSE AT 10 PM "LONDON TIME" OR 5 PM "US TIME' DO TRADE WITH CAUTION That’s all I would like to cover for this trade setup. If you guys have any questions or comments about this trade, feel free to write in the comment section located under this description section. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. All The Best :) Follow me on Twitter as well: moneymaking2016
Long
by moneymaking
One step ahead of the market: Follow up on EURJPYI am looking for two different structure zones on this pair. The lower one gives us first chances to look for valid shorting opportunities. To this point we failed to retest the 61,8 % retracement, therefore the shown gartley pattern isn't activ right now. So, if we see the lower retracement I will place my limit orders to short via the lower gartley pattern. If we move straight up I will short the higher bat pattern which comfirmed all my rules by now.
Short
by WirmachenTrader
1
Its A Roller Coaster; Beware of smart Money MoversIts Going down due to the following news from US(Watch Price Actions 6hrs From NOW) 1.Durable Goods Orders, released by the US Census Bureau 2.Initial Jobless Claims released by the US Department of Labor 3. FOMC Member POWELL Speech that therefore trigger a short term movement positive or negative trends 4. Funds are going out base on Money Inflow Indicator(Smart Money OUtflow due to overbought of GBP) 5. Series of Bearish DOJI like candle stick in the last 6hrs depicts a rejection for an uptrend. Watched Support and Retracement Level Happy Trading!
by Popoythegreat
2
EURJPY 4H DOUBLE BOTTOM 2618 TRADE @ 122.70Hi guys, Here, I am looking for a reversal. The market was in a nice bearish move but this double top has now occurred. There has already been a break at the top of the double bottom so I am now looking for a pullback at the 61.8 retracement level to give myself that extra bit of confirmation. I will have a buy limit in place at that level. This trade is known as the 2618 trade. My stop loss will go below the double bottom and that level has also held good support in the past. My first target will be at the low of the break and my second target will be at the next support/resistance level. IF the first target is hit, I will take off half of the position and move the stop loss to break-even for the second half of the trade, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 150 pips x 2 = 300 pips Reward #1: 180 pips. R:R = 1:1.2 Reward #2: 360 pips. R;R = 1:2.4 Plan your trade... Trade your plan.
Long
by Krunal.Patel
EURTRY D Bearish GARTLEY PATTERN @ 3.4470Hi Guys, This is a bearish GARTLEY Pattern completing at 3.4500 but I will be front-running my orders to make sure I get filled on this trade. The EURTRY has been in an uptrend for a long time now but it hit a level of resistance in back-to-back months late last year. I am expecting that the same level of resistance will hold making for a good sell trade for harmonic confluence. The stop loss will be placed tightly above above the X leg as this pair has been in an uptrend forever which is used as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 1000 pips x 2 = 2000 pips Reward #1: 1700 pips. R:R = 1:1.70 Reward #2: 2750 pips. R:R = 1:2.75 Plan your trade... Trade your plan.
Short
by Krunal.Patel
AUDJPY 4H Bullish CYPHER PATTERN @ MarketHi Guys, This is a weird looking CYPHER Pattern but still a valid one according to my trade plan. I didn't spot it till about an hour ago and saw that the market did not violate the X leg but actually bounced off of it so we know that the support level is pretty strong and therefore we can buy. The Risk to Reward ratio for these trades are much better but hardly occurs. This is a bullish CYPHER pattern @ MARKET and stop loss will be placed below the X leg which we use as good support in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 150 pips x 2 = 300 pips Reward #1: 210 pips. R:R = 1:1.4 Reward #2: 320 pips. R:R = 1:2.1 Plan your trade... Trade your plan.
Long
by Krunal.Patel
AUDCAD 30 Bearish GARTLEY PATTERN @ 0.9595Hi guys, I actually studied the Gartley pattern from a book named "Trade What You See" by Pesavento. It uses the Gartley pattern in conjunction with the famous AB=CD pattern giving us a nice trading range maybe to "dollar-cost-average" into a trade, reducing overall risk. Back to the trade idea, it is a bearish GARTLEY pattern @ 0.9595 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. This is a very trend-friendly trade, therefore I would keep a trailing stop on second targets, IF/WHEN first target is hit. Thank you for your support. Trade Numbers: Risk: 20 pips x 2 = 40 pips Reward #1: 27 pips. R:R = 1:1.4 Reward #2: 44+ pips. R:R = 1:2.2+ Plan your trade... Trade your plan.
Short
by Krunal.Patel
AUDJPY: DEEP COMPLETION OF BULLISH CYPHER PATTERN ON 4 HR !!!Hello Traders, Hope everyone enjoyed their weekend. I just wanted to give you guys a quick buy setup on the FX:AUDJPY pair. So here we have a Bullish Cypher Pattern , which was already completed on April,29,2016 (last Friday), but the market has came very close to the X point of the pattern. Thus one can say this is a deep cypher pattern completion, which is presenting us with buying opportunity with very low risk. I used the ATR (14) on the 4 hour chart for good stop placement level. See the chart above for targets and stop loss levels. Notice that we have NOT gotten a close below the X point of the pattern, thus maintaining the validity of the pattern. That’s all I would like to cover for this trade setup. If you guys have any questions or comments about this trade, feel free to write in the comment section located under this description section. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. All The Best :) Follow me on Twitter as well: moneymaking2016
Long
by moneymaking