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Structuretrading

Already completed Bat formation on USDJPY,60 min chartHi guys, We have a bearish bat formation on hourly chart, which is already triggered and tested PRZ half way. And also this zone is previous support/resistant structure. This one can be good trade with risk reward around 1.5 at the first target 38% FIB lvl even when you place stop loss 10 pips above the whole PRZ, you can aim for target 2 at 61% and so on. If you are not on this trade yet, there is still time to get on the train when market opens on monday! Good Luck Sam
Short
by Samnation_Trading
5
EUR/GBP Structure Trade PART 2(Advanced Pattern Entry)Hey Traders So this is still working on the idea that I last posted, I am going to tag it below so if you haven't seen that one, go check it out first and then come back. I'm going to break this post down by the three different trade options we have, that way it will be easy to digest. Keep in mind, the goal is to show how there are multiple ways of tackling a trade and each has its pro's and con's. option3 has almost double the risk that option 1 has, but it also has slightly less probability of being stopped out, so there's no BEST way, just YOUR way :) OPTION 1: So if we remember what we last posted, we had our bearish bias from daily outlook and trading timeframe confirmation with the Lower Low Lower Close (Highlighted in the red ellipse) and we were looking for a place to get in short. We narrowed that area down to a level of major resistance and laid out a clear IF/THEN sequence for taking the trade. The circumstances did NOT meet so we did not take the trade. Instead price broke above that High and came back down to test it again as support(crazy right.. how resistance becomes support :p ) and now the question begs, am i still getting short? Heck yeah, I just have to wait for the market to give me my confirmation. Fortunately for me, I have a degree in harmonics (not really, but i meant to certify my bad ass"ness") and I found a harmonic pattern, The Gartley, and best of all, its a good looking pattern. So this gives me the perfect opportunity to Short with Minimal Risk. So now to the meat of it, the first option would be taking the gartley traditionally with your targets at the fib levels. (boring.. but if your habit building, then just follow your rules and stick to traditional) OPTION 2: This would be taking the gartley's first targets and taking extended targets down and previous support. (Great trade, minimal risk, good reward) OPTION 3: This is using the Gartley as a Entry Technique to a longer term trade, taking targets down at previous support, and then down at the lower low, lower close. My stops would go above the highs to the left, Unfortunately I can't put my stops above the True Swing high because it would skew the RR too much and make the trade not viable. (This is the one I am going to take) Like always if you have any questions feel free to comment below
Short
by TheAlcoveFx
2
Structure Trade Idea EURGBP H1 ShortHey Traders, So I have been giving you guys a bunch of patterns and every now and then its good to show you some structure trades we take inside of Forex TV . This one is simple yet it can look a little bit indimidating to the new trader so if that's how you feel, don't worry, I will go over it right now and hopefully you will get a better understanding. The first thing that is needed to understand why we are taking this trade is to take a look at this pair on the daily timeframe. We are in the middle of a longer term pullback, but in that pullback, we have a lot of bearish momentum, and this last bullish move on the H1 is a relief rally of the downward move we have been having with EURGBP. Once we understand that, we can start looking for bearish opportunities on the lower timeframes, like we have here. So now that we have our bias, the next step is to identify where is the best place for me to enter this trade. The way that I do that is by identifying the levels of major support and resistance because in the past, these had been the major decision points. In this chart, we can see the channel price stayed in before going to the upside and finally breaking down low. My goal is to see IF price can give me a reason for entry at the level of major resistance. That's the most probable place price might go, and it has higher probabilities to go down than up since we are coming up against resistance rather than support. All I have to do is wait for price to confirm and the RSI to confirm. That is how simple it is. If you like this type of trading, I would highly recommend joining Forex TV, we do this every single day. Like always if you have any questions , feel free to comment below
Short
by TheAlcoveFx
2
Structure Short Opportunity on EURCADHey Traders, I know its slightly late, however as I was scrolling through the charts, I remembered about this trade that I was keeping an eye on. This is a simple Trend Continuation trade for me, We are breaking structure to the downside, and now we got a pullback intro previous resistance which gives us a great RR. For this entry, we waited for a lower low lower close, if you have to zoom it, do it. You will see how price consolidated, even put in a small double top with RSI divergence, and then finally we got the bearish confirmation candle when it closed below those lows. Stops should be above that high, because if price passes that, that most likely I was wrong and I want to be out of the market. You can break this position up in two, and remove half your position at that level of support, and then move your stops to break even, or you can just trade one in and one out. Personally I Like securing my profits ASAP and then looking for extended targets. That Way I never leave myself exposed for too long. Anyways, Hope this trade Idea helps, Like always, if you have any questions feel free to comment below !
Short
by TheAlcoveFx
LLY Eli Lilly: Where can we buy?This stock has been in a correction for about a year now and it looks like it is not done yet. Looking to the price history on the left we can see that we could soon hit strong support starting from $60.00 which is basically the top of a $48-60 price channel. So I would be looking to buy anywhere below $60 if we re-enter that channel (yellow box). I don't expect price to just move through this channel, just like we cannot just break through a herd of cows crossing the street while driving. In addition, if we copy the move from the swing highs to swing lows from 2015-2016 we can see that an equal move would end right around $60 as well, providing a further reason for entry.
NYSE:LLYLong
by PHL
GBPJPY Structure ShortHey Traders, Again, Not much on the charts, but taking a look, we do have some potential trading opportunities setting themselves up. Keep in mind, I will be FLAT until Wednesday as much as I would love to enter the market. After having experienced slippage first hand, I never want to put myself in the situation where I am in a position and I get slipped 50-100 pips on top of my stop loss. Sounds crazy right? Well, welcome to volatility. Today on the charts, we have a descending triangle that we don't trade, however if you notice, we set up a decent level of support, which is now being re tested. From what we understand of the markets, support becomes resistance, so if there was any place to be looking for a short, it would be in this zone. Now, If I were to enter this trade, I wouldn't do it aggressively. I would be more conservative and wait for a candlestick formation to set up on the lower timeframes to help me enter. Targets 1 are set on a re test of structure, you can shoot for confluence of structure and Fibonacci extension for targets 2. Stops would have to be above the previous highs. Hope you have a safe day of trading, If you have any crazy trading stories of past events, leave a comment below, I would love to hear about it.
Short
by TheAlcoveFx
USDCAD - Bearish 2618+++Follow & Like+++It's good to be back guys :) Today I want to share with you a trading opportunity that I'm currently involved in. Last week market has put a 2618 bearish setup on 4H USDCAD, but I didn't enter it simply because it was after my active trading period and I don't trade always 2618 base of 0.618. I've entered right at previous structure shelf to the left. Stops are above the Double Top and above the major structure level to the left. My target will be the retest of cycle low (a couple pips higher because it is an even handle number). I got more than 1:2 Risk/Reward - I can take such R/R any day. Entry @ 1.3190 Stop @ 1.3277 Initial Target 1 @ 1.3002 Good Luck!
Long
by Aleksandar_Rose
3
US Dollar Analysis and entry helpHi traders just sharing analysis for the USD Dollar index and how to pick a great entry. Potential buy at any failed re-test of the blue line which also aligns with the RSI and historic support levels. Potential sell at the 61.8% fib level which aligns with previous resistance. The blue box indicates the criteria for entry with 4/5 requirements needing to be met before entry, this method cuts losses and gives a clear structured way to enter trades that can be back-tested. Good luck!
FX:USDOLLARLong
by Elliot_Myers
AUDCAD: The Right ShoulderLooking at a potential head & shoulders buy set up on the AUDCAD coming into a structure filled level. We also have a 61.8 fibonacci retracement with HTF confirmation at that level as well. Certainly a trade I'll be keeping my eye on tonight and tomorrow for a change to get long. Syndicate Members: Tonight's video will be discussing this opportunity. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl Facebook: goo.gl Twitter: goo.gl Instagram: goo.gl Periscope: goo.gl
Long
by Akil_Stokes
9
EURJPY - Bullish 2618+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish 2618 Setup on 15M here on EURJPY, and I think this is perfect counter trend trading opportunity . You may ask why? We don't only have a conservative entry reason in the face of this 2618 but we can stack on it. The Double Bottom(foundation of 2618 Setup) is right at Structure Low - look left on HTF (1H). The 0.618% is right at the V of the Double Bottom - and our kill zone start from there. Not to mention that on left Bottom we have a RSI under 20 with a RSI DIV on 2nd Bottom. You can enter aggressively right @ 0.618 or you can look for alternative entry reason - either way you choose you'll get more than 1:1 Risk/Reward. No matter how perfect this setup is, stops are below this Double Bottom and 1st Target Retest of the cycle high - you can shoot 113.30 for 2nd Target. Good Luck! -Alex I'm a Professional Currency Trader & Mentor with years of trading experience. Download my Free Ebook & transform your trading Today! bit.ly If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Long
by Aleksandar_Rose
USDCAD: Gartley, CTS & TCT Trading Opportunities Hey traders, the USDCAD as recently just broken a level of previous structure support opening the doors to some new analysis & new predictions. As I break down this price chart the opportunities that I have on my radar are LONG: A bullish Advanced Gartley Formation and a CTS trade featuring an AB=CD pattern at previous structure support. SHORT: If we get a pullback into previous structure a trend continuation opportunity in advance of the potential trades mentioned above. Syndicate members this trade was featured in tonight's video. Non-Syndicate members I just released a video doing some analysis on the EURUSD as well as walking you through the trade that I posted earlier in the week. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl Facebook: goo.gl Twitter: goo.gl Instagram: goo.gl Periscope: goo.gl
by Akil_Stokes
13
EURUSD: A Very Interesting Scenario--> Bull Trade/Bear CypherInteresting situation that we have here on the EURUSD dollar. 1st and foremost the long that I took on the Sunday achieved initial targets at 1.1148, stops have moved to lock targets in & I'm shooting for 1.1220's to remove the next part of my position. (I'll walk you through this trade in Thursday's Video, if you haven't seen it already) However, we also have a potential bearish Cypher formation which would complete at 1.1192. In the Syndicate I'm all flat the earlier trade because of our 1 in, 1 out rule so I have orders in place to short the Cypher if it completes. However in my personal account I'm going to allow the initial trade to play out and then look to catch the Cypher at a higher level if the opportunity allows me to. I always mention how trading is a "give & take" type of game. Well if you're going to be a trader that shoots for multiple/extended targets, sometimes it means passing up on other opportunities in order to let you idea play out. Unfortunately the hard part is that it also sometimes means making adjustments so that your don't get burnt. That's the part that comes with experience. I'm sure we'll talk more about this in the Live Trading Room today as well as in tomorrow's YouTube video. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl Facebook: goo.gl Twitter: goo.gl Instagram: goo.gl Periscope: goo.gl
by Akil_Stokes
11
USDJPY - Structure Trade+++ Don't forget to LIKE & Follow+++ I have my eyes on potential structure trade on 1H, USDJPY - looking for shorts. If you look left you will see that price closed lower than PB (PullBack), confirming a bearish rotation in the market. We can clearly see a kill zone(blue box) between previous PB and structure - and it should come as a surprise for you that price hit that kill zone and reversed. I'm expecting price to test once again the that cycle top forming a Double Top with RSi being overbought on left top. Stops will be based on that Double Top, for targets - retesting the NSL. We will get a little bit more than 1:2 Risk/Reward for that bearish rotation opportunity. Good Luck! -Alex Professional Currency Trader & Owner of www.beaprofitabletrader.com If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Short
by Aleksandar_Rose