E6 is now retracing into the long structure. I am preparing to take a position once a higher low higher high candle is formed. Good luck boys.
Hello everyone, so gold did not hold the the first structure that i'm looking so, a deeper retracement might be forming. Let's wait and see how it all line up.
Finally a pattern that got some profits. The risk to reward is attractive as well if Target 2 can be achieved. The stop has been moved to breakeven.
Trading is similar to investigative work. At this point and time, I do not know the high is formed or not but it's ok since I trade pull backs and I want to illustrate how I use various perspective to gather evidence to substantiate a trade. So, if the current high is at 1.2082, what I'd do is to wait for Euro to pullback to the zone highlighted in Blue. I am...
There are some trades that may seem repetitive due to the fact that the are USD crossed. Anything you trade against the USD you are likely to make money with proper trade management is applied. I did not long any trades at all as these scenarios seem a bit too familiar with me. My statistics are only better over data days, not "missile days". Those who watch...
This presents a good setup if ES forms a lower high, higher low on the 1 hour. As of this moment, we do not know the extend of how much the pullback will be. Instead of trying to guess, i'd let the market trade into the bearish structure. The gap distance is from 2443.5 to 2436 and 2436 which was once my profit taking target would naturally become a selling entry.
Hello! Been a busy week and traded late into Fri's session. I completely skipped the early session, choosing to strike after the market settle down from Jackson hole. I may have miss some action but completely fine as any trade i try to take will be more of a gamble then trading. For now, the B6 started a rally after being oversold. I've mentioned that i'm...
Pardon me for not cleaning up the chart because I want to use it as a form of reminder how precarious trading can be if I am too obstinate on certain directions in the market and how fast market can change its opinion. Ok, now for A6, i'm ready to take a trade if there is a lower high lower low candle being form on the 1 hour. In classical candlestick...
Sometimes patience are not always rewarded but it is part of trading which I need to accept. My game plan was to long Gold (GCZ2017) if you have been following my trade ideals. So far, besides the occasionally test on 1288-90 then a false break on Fri early price action which might have been triggered by stop loss orders, there wasn't much trade i'm interested...
Hello everyone, this is the second time i took half profit and stopped out on the other. I didn't enter trades prior to Jackson hole and Yellen speeches as i mentioned in one of the trade follow ups. So the dust has now settled, i re-enter on 2444.75. Stop will be above the red zone and target remains intact. However, if it does breakout to the upside, i'd be...
I'm quite neutral on crude as price action is largely below 52 and above 44. That are buying and selling within this range and i'm contented with the opportunities that comes with it. A short term 1 hour bearish Bat has appear and i'm ready to short it as past price action does conclude the shorter term that it is likely to trade this way until it breaks this range.
Been watch crude and see this as long opportunity which if fail will line up a longer term sell pattern.
The Cypher pattern i was looking on B6 remains intact as it nicely stays between 121.4% to 1618.8%. The trade ideal is the same just some updates on the chart itself.
There is an underneath nice Bullish bat on the 4 hour, and a bearish channel to trade on short term. Here is how i picture it: Short the AUD/USD with 15min and plan for a longer term entry as the downward channel leads price to the Bullish Bat pattern. My trading on the channel is a vision that price gets overbought on the high of the channel, coupled with...
I'm stop out on my second position on ES waiting on re-entry near to my zone again. This time, i'm placing my short at 2445 and stop at 2456. Target back to 2436 and 2423. Sorry have to watch so just a quick flash of ideal.
This rally has good momentum and previously, i mentioned I only take trades when the candle formations are within the zone. Now, at 61.8% retracement, there is a good case when I always use risk to reward to confirm possible setups. Although i am planning to short, it has to be in my favour. I am using a longer term 4 hour time frame to trade so i'd look out...
The pound has bottomed last few months with a well defined high and low on a longer term basis. In the short term, there presents a lot of shorter term opportunities. One of which is to short the near the channel high on the 4hour chart, or you can pick rallied into short structure and you could also trade patterns. I just saw this Bearish Cypher pattern...
Previously, I had mentioned the con's of shorting into support structure and indeed on Monday itself, market has bottomed temporarily into my short structure. There are still some gas left in this bull, so I'd be keeping a lookout on a lower high lower low in the Red zone itself before I take interest in shorting it. I want the risk to reward to be favorable,...