Get started

Stacktrades

Trade Ideas Position: GBPJPY SharkA bearish shark setup that coincides with ABCD pattern formed as a counter-trend trade, conservative traders can wait for a confirmation candle to engage the trade. The additional advantage of this setup is having an RSI divergence on this setup and on the higher timeframe, it is also within the sell zone that was formed by a bearish bat and a bearish crab pattern(link to the connecting chart at the bottom). Beautiful setup and opportunity but it don't guarantee a fall of this pair, it's good to know that there are so many setups align at the same zone at the same time.
Short
by RaynLim
Trade Ideas Educator: GBPJPY ButterflyWithin the demand zone of this 'endless' ranging on GBPJPY has this beautify setup of the bullish butterfly(cyan) on the 4-hourly chart and a bullish crab(red) BC leg of the bullish butterfly appears on the 1-hourly chart. I will engage the trade based on the bullish butterfly entry and stops(with my filter). The interesting part of this setup is the set happens within the demand zone. That gives a very good setup for a buying opportunity and trade extension of this setup.
Long
by RaynLim
USDJPY-Weekly Market Analysis-Nov19,Wk5If you have been following on my trade analysis, you should know that I'm waiting for a buying opportunity on USDJPY for a trend reversal trade. There are 2 strategy that I am waiting for to engage the trade. 1) Bullish Shark on the 4-hourly chart 2) Deep Bullish Gartley on the 1-hourly chart As the level is close to each other, I chose the Bullish Shark setup on the 4-hourly. The reasons, for this reason, is as follows: i) I spotted the bullish shark pattern weeks before the forming up of the bullish deep Gartley on the 1-hourly(Trade what you see) ii) the forming of the deep Gartley pattern broke 2 of the critical rule on Point D completion(if you learn from the right school ahem.. you should know, if you truly don't, then the source of your information may be way off) iii) reward is to risk ratio of the bullish shark is way better than Gartley - well this is not the reason why I do this, but to many, this might be, not here to judge but I see that the 1st 2 reason is more important. Simply mean if I spotted the deep Gartley first and none of the critical rule is intact, I will trade base on the deep gartley target.
Long
by RaynLim