Gartley Pattern, Gbp/Jpy, 15minherre we see a fairly solid gartley pattern on the gbp jpy charts. like all gartley patterns , I expect the market to complete the patteren , and then continure to rally to the 1.618 extension of th BC leg.
I have support form the linear regression channel, which suggests that the market is low, and should rally back up into the positive deviation.
I have places my entry at point B , my stop at point X and my limit at the 1.618 extension of the BC leg.
Thanks for checking this out, dont forget to like comment and follow for more Forex updates.
As always Good trading !
Regression
PFE Energy Inc in the BUY ZONE for long term entryThe concept here is to use the KEY EARNINGS LEVELS as the important beginning and ending for your regression analysis. That way you KNOW the first and last points are extremely important price levels for the stock you are analyzing. Many times people use various, inconsistent methods to determine where to begin and end regressions and it yields unacceptable results. I am all about doing analysis that can be repeated and later re-analyzed, which is why I like my Time@Mode Methodology (see my other charts here at TradingView). \
I added a "hanging wire" to highlight the beginning and end of the regression (just for visual reinforcement)
I also added the "Range Expansion" that is happening today (see the tiny, white triangle and "+++ RgExp") to give me a heads up that someone is aggressively buying the stock today (or short covering) and that is always a good sign to begin to establish long positions.
As a side note: The ATR of PBF is at the lowest it has been in it's entire history, which doesn't mean that it is LOW RISK by any means, but it means it is LOW VOLATILITY. Low Volatility can mean "no interest" and it can mean a host of other things too, like a one-sided market where everyone is slowly doing the same thing (selling or buying) and driving a stock price in a particular direction waiting for some reaction back from the market, the company or Wall Street Analysts.
I put the "WOW" at the top there because that's when it looked like PBF was breaking out and acting unusually great... "WOW" seemed to fit nicely. It briefly continued the breakout, bringing in all kinds of technical breakout traders and then promptly dove down from there to wash out any hopeful breakout traders.
Do some Due Diligence. I went to the company's annual meeting in New Jersey in May (Parsippany) and didn't find out much from that, other than they don't like telling their story to a room full of investors. Only 4 outside investors were there.
For now, this is just informational for you to see how to draw "KEY EARNINGS LEVEL - REGRESSION POINTS"
Tim 26.73 last PBF 10:54AM Friday, June 5, 2015
Bat Pattern, Cad/Jpy, 30 minHere we see a bat pattern forming in the Cad/ Jpy charts, it is likely that the pattern will complete, because it seems too close to the linear regression line to try to recross without some lower moves. once the pattern completes the market will likely reverse upon completion and rally back across the regression line reaching the 1.618 extension of BC. (this may take as long as 9 hours)
Our actions are as so:
Limit: 100.089
Entry: 99.939
Stop:99.869
Please follow along to see how this trade goes, for updates and more trades , follow me here on TradingView and don't forget to like and comment your opinions.
Thanks for checking this out ! as always Good Trading !
Cypher Pattern , Usd/Chf, 15minHere we see a cypher pattern on the Us Swiss charts.
This pattern is indicating that the market will reverse upon completion, and is supported by completing above the linear regression line.
When a Bearish pattern completes above the standard deviation line, it is likely that , If the market is bearish, the market will rally back under the line , and similar to a price action trade, come near the negative deviation line.
I have forecast the market to touch the negative deviation line , which comes out to about 4 hours from now, but it is more likely to take longer and not actually reach the deviation line, but rather just cross the linear regression taking 2 days and 7 hours.
With that said, i have placed my usual actions as the following:
Entry: point B
Limit : 1.618 extension of the BC leg
Stop: point X
Thanks for checking this out, look forward to you comments and likes, as always follow for my predictions!
Thanks and Good Trading!
Bat Pattern, Eur/JPY, 15minHere we see a plain old bearish bat pattern on the euro yen charts.
It is likely that the market will quickly rally down to the 1.618 extension of the BC leg, i have it forecast at 1.5 hours.
I placed my stop at the point X
My entry at point B
And my limit at the 1.618 extension of the BC leg
Thanks for checking in, come back and see if it completes.
As always like comment and follow, Good trading, we will see you next time :)
Butterfly Pattern, NZD/USD, 1hrHere we see a butterfly pattern on the New Zealand , United States charts. I have given the market some space to complete the end of the butterfly pattern before continuing in a bearish trend, because the closer to perfect the pattern is , the more secure of a pattern it will be.
I have placed all of my order actions in the usual places, with one exception. because the pattern has not completed, I have placed my stop at the previous structure above point X. I believe that the market will possibly rally to that structure and reverse from there. Following the reversal, I will trail my stop down to point X and hold there for retracement.
Please comment any idea , opinions , suggestions, changes, it helps me become a better trader. also like and follow me if you think i am on the right track.
As always thanks for checking me out, and Good Trading!
Butterfly Pattern, Eur/Gbp, 15minHere we see a butterfly pattern on the Euro, Pound charts.
Like most trades i make, i try to find support inside the linear regression channel and here we see the patern complete along the linear regression and the butterfly would suggest that we rally back up into, if not past, the positive standard deviation line.
I have placed my targets like any other harmonic you will see me trade.
My entry is at point b , my stop at point X and my limit at the 1.618 extension of the BC leg.
This pattern appears to have 9 hours to complete as labeled by my forecast line.
Thanks for checking us out, as always like comment and follow.
Thank you and good trading !
Price Action (Elliot Wave Maybe?) GBP/JPY, 30minHere I see a price action trade along the linear regression line with standard deviation set at 2 and -2. I also believe this may be an Elliot wave cycle.
If i remember correctly, the third wave, should be about the same length as the first wave, so i have placed my limit at the 1.618 extension of the second wave, just to be safe (remember, still learning price action).
I have placed my stop at previous structure and my entry is at current price, with any luck, we should see some profit here in a few hours.
Thanks for checking us out, any pointers would be greatly appreciated, just leave them in the comments. Don't forget to like if you agree with the trade, and follow if you want to see some more trading
As always, Good trading!
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Cyhper Pattern, CAD/JPY, 30minHere we see a completed Cypher pattern on the Canada japan charts. The pattern suggest a continuation in downtrend and appears to be respecting the linear regression.
I believe that the market will rally down into the 1.618 extension of the BC leg before consolidating again, or reversing.
I have placed my entry at current market price, my stop is at the highest high of the pattern and my limit is at the 1.618 extension of the BC leg.
Check back in to see the results, as always thanks for checking this out, please like comment and follow if you agree.
Thanks and good trading!
Triangle pattern and uptrend regression LONG indicationNot much to say here. We see an obvious regression going on indicating an uptrend is about to take place, however it's also possible the stock price follows the triangle pattern plotted breaking through the bottom (bearish) or top (bullish). It's any mans guess at this point.
Linear Regression TrendsGreen: lin reg of all time price action on Bitstamp
Red: lin reg of downtrend
Assuming price is going to spend same time bellow the green line as above it, and also move the same amount (in %).
I'm using linear scaling because linear regression doesn't seem to work well on log scale.
We might see a last push towards 130 - 152(last major low). place your bids in this range.
After bottoming expect regression to the mean (atleast).
Suspicious. Bitcoin misses Christmas?The mainstream press like CNN, Bloomberg or The Guardian thinks that Bitcoin is dead by simply comparing the price change from December 2013 to 2014. Bitcoin is far from dead, but there is a risk of a new downtrend if the price falls below $315
- Bitcoin Bears Say Told You So As Digital Currency Falls (Bloomberg. December 15, 2014)
www.bloomberg.com
- Bitcoin stalls after hitting record prices in 2013 (The Guardian. December 15, 2014)
www.theguardian.com
- Is Bitcoin over? (CNN International. December 15, 2014)
twitter.com
FDX breakoutFDX is another one of our preferred trending stocks and has been discussed in our private forum a few times.
Price broke out of the regression trend channel almost 2 weeks ago and continued to trend upward. Yesterday price closed above the resistance level and this has now been placed onto our bullish watchlist.
Wewill wait for a chart pattern to set up any long positions.