Hi guys, I've taken a trade on EURJPY but was not in time to share. Got in at Point D, which was at the completion of the pattern. As usual, I like to give my stops 5-8 pips below point X and the pattern appears to be counter-trend by nature so, I am targeting T1 at 38.2% to exit fully.
A bullish Bat has form up on the 1 hour chart for entry. Usual rules for Bats are Entry on 88.6% and stop below point X. (I try to place stops from 5 to 8 pips typically trading 1 hour chart.) i'd look to exit on 32.8% fully as AUDUSD is bearish short term. You can skip the trade if you feel uncomfortable, but I try not to cherry pick.
Hi guys, if you are trading crude i'm not sure if this is helpful? Sell limit order below the red box, stop above the red box. Target 1:1 first then aim for the retest for low at $47.52.
I am now aiming to short the EurGBP as a fresh down channel has now formed. So, what i'd be looking at is a pullback to the previous structure, marked in red. Aggressive entry will be to queue limit to short and set stop loss to above red zone. Defensive entry you can look to 1 hour chart to watch for reversals. "Lower high, lower candles"
No tricks no magic all you need is? Patience! Let's see how it goes from here. Getting near to T1.
Just to keep everyone in the loop, i am waiting for a deeper retracement and its pattern. However the 15min one is still valid until Point X is broken so have to decide carefully!
Hi everyone, found 2 bullish Batman both on 15 min and 60 chart. Again, entry at point D, stop loss below point X. Target 1 38.2% and Target 2 is 61.8% retracement from D to C point. Good Luck!
A bullish Bat formation has formed. Entry is slightly above Point D, stop is below point X. Exit is on T1 at 38.2% and T2 at 61.% on retracement from D back to C point.
Hi everyone, sorry for slow ideals presented. I was taking a break myself, after bouts of O.T trading. Ok, so coming back to the market in Asia time, i am doing my usual analysis on ES and found 2 ways to trade it. After the recent low has been form, ES is now consolidating.. I don't want to try predict will it form a new multi year high, or it will be of a longer...
Many stuff to trade. Aha don't be afraid to miss out just have to wait patiently. We have a longer term bearish Bat on the 4 hour chart, a bullish Bat on the 1 hour (violated so not counted) and a sell zone. Those who feel MXN have strength against the USD, you can attempt a structure short as shown by the red arrow pointing to the red zone. I had miss the entry...
Dear readers, sometimes futures trading can be very dry as we could only pick what the exchanges offers. I'm not going into technicalities on all these as i presume everyone should have good or better knowledge then me. Do i trade with market marker? Yes i do. It's just too many work to be done on myself everyday thus i can't publish so much at one time. Do...
This is a bearish Gartley if you still believe ES is toppish. Target is 38.2% and 61.8% from Point D to Point C retracement.
Hello just to update everyone crude oil target 1 is achieved.
As mentioned previously, i am ready to long ES should it breaks the structure to the upside. That condition is now fulfilled and i'm waiting to long pullbacks. More commentary later.
Commentry later Entry at D point Stop above X target 1 = D to C (38.2) target 2 = D to C (61.8)
If you are watching ES, it is good for a short trade following yesterday's rally. If you miss the entry, don't chase. Wait for 5 min to rally up then aim to short nearer to my entry where you at least get 1:1 risk to reward.