Get started

TCT

AAPL Short: Wave-3-of-(C) PA Indicates More Downside AheadAAPL has completed a five wave impulse and has been in a pullback since February 2015. Since wave-(A) was a three wave move followed by a pro-regressive 3-wave (B) rally, we can expect wave-(C) to be counted as five waves in a 3-3-5 flat. At this juncture, it is difficult to predict how deep price will consolidate after wave-3-of-(C) completion, but we will likely see one of three scenarios unfold (details on chart). After wave-3 completion and consolidation, the continuation through the completion of (C) would provide an excellent short opportunity.
NASDAQ:AAPLShort
by glennmercer
2
USDJPY 60min Bear Trend Continuation (TCT) & Bear GartleyUSDJPY, like all JPY crosses have been declining in heavy trend. I'm looking to Short USDJPY on the 1hr using a variety of entry techniques that are all lining up in one area. 1. Trend Continuation Trade - I like to sell these pullbacks somewhere between the 61.8% & 78.6% Fib retracements. I like to see some sort of Reversal Pattern or Candle in that area before I pull the trigger. 2. We have a Bear Gartley Pattern that completes right in my "Sell Zone". 3. There is structure looking left. 4. Fib Inversion Trade - The 1.618% fib inversion of the pullback puts price right into my "Sell Zone" 5. ABCD Pattern - There is an ABCD Pattern that completes right in my "Sell Zone" 6. Higher Time Frame - HTF is supporting a down move to about 116.000 and is Trending down currently 7. Ratio Confluence - There is a "Fib Cluster" that all packs into my "Sell Zone" Depending on how you score it using "Combined Technical Scoring" (CTS), its' at an 8 right now. If the RSI goes overbought then we will be up to 9! - Stops need to go AT LEAST 1 ATR behind the Reversal Zone and tucked safely behind that 119.00 even level. - Targets will be what ever your Trade Plan says. My Trade Plan has me placing Target #1 at the Previous lows of the trend and Target #2 at the 1.27% Fib ext.
Short
by PateSkpate
5
GBPJPY Short: TCT + Bat + Gartley + EMA100GBPJPY is nearing the PRZ of two bearish harmonic patterns. The PRZ is tight at about 4 pips and falls in a nice S/R zone. EMA100 may also add resistance in this area. There has also been a slight bearish trend preceding the patterns to add to the bearish bias. Entry is placed at the base of the PRZ with SL above structure highs and target at .618AD. Confluence in the PRZ: Bearish Bat Bearish Gartley EMA100 Resistance Structural Resistance TCT
Short
by glennmercer
EURUSD - Posible Counter Trend OpportunityI'm currently looking at Double Bottom that formed on 4H on EURUSD - we can use it as entry reason since, bearish trend stalled right at 1.414 minor fib inversion. We have RSI Div, that is another point for the counter trend opportunity. We have a potential TC trading opportunity if price goes at the reversal zone - we have fibs cluster there + structure level. For those of you who are waiting for a place to hop onto the trend, then you should wait price to extend higher.
Long
by Aleksandar_Rose
EURUSD: Bearish Trend Continuation Setup on the 4 HourWe broke this same setup down in the Live Trading Room yesterday, yet never got the pullback necessary to get involved. We've since pushed down a little further and have double bottomed but the same opportunity exists. We just had to adjust our analysis slightly. As we look to start today's trading day this pair will offer a long opportunity to some with price action where it currently is. A short opportunity to others if price action goes where we predict it to go. And for the experienced trader, there may be an opportunity to take advantage of both moves. With not much else on my radar today we'll certainly be looking at this first thing before our Warroom Meeting break. Akil Stokes Chief Currency Analyst & Head Trading Coach at www.TradeEmpowered.com Akil@TradeEmpowered.com Twitter/Periscope/Stocktwits/Instagram: @AkilStokesRTM Youtube: goo.gl FaceBook: www.facebook.com
Short
by Akil_Stokes
26
Long AUDUSD: 2 Cyphers + Crab + TCT + EMA/SMA Support + PivotsAUDUSD is nearing the PRZ of 3 harmonic patterns presenting us with an opportunity to trade in the direction of the trend. The base of the PRZ coincides precisely with last week's missed pivot in addition to a fib cluster from a series of structure lows to structure highs. The 500 bar SMA and EMA lines may provide added support around the reversal zone. To add to bullish bias, the new weekly pivot will be printed near the .618CD retracement and may help to pull price up toward target. Entry is placed at the base of the PRZ with target at .618CD and SL below structure lows. This trade yields a risk to reward ratio of 2. Confluence in the PRZ: 2 Bullish Cypher Patterns Bullish Crab Pattern 500SMA Support 500EMA Support Underlying Bullish Trend New weekly pivot above price Entry confluent with missed weekly pivot S/R Zone Fib cluster centered in PRZ If this long position is successful, the next level I will be focusing on is .74:
Long
by glennmercer
10
AUDUSD Short: Shark + Wolfe + S/R + Trend ContinuationAUDUSD is nearing the PRZ of a bearish shark in a S/R zone that is confluent with the a bearish Wolfe Wave setup. 200 EMA and SMA may add resistance in this area. To add to bearish bias, this pair has been in a strong downtrend and this would give us an opportunity to ride it down to the .886 fib if price should reach the PRZ. Entry is placed at the shark pattern completion point with a SL above 1.272XA/Moving averages and targets at .618CD, C point, and the .886 fib retracement level. Bearish Confluence: Bearish shark pattern completion 2.272AB=CD 1.618BC Projection Bearish Wolfe Wave setup S/R Zone 200SMA Resistance 200EMA Resistance Trend Continuation
Short
by glennmercer
8
GBPJPY: Bullish & Bearish OpportunitiesSyndicate members you have a video on this setup coming soon, but what I'm looking at here on the GBPJPY are trading opportunities for those who want to get either long or short. The Long opportunity would be a potential 2618 trade if price action were to reverse and retrace back into the double bottom that we established last week and the Short opportunity would be a potential trend continuation trade as price action returns to a previous level of support now turned resistance. There's also a Fib Inversion trade hidden in there, but that would essentially be used as an entry reason for the TCT trade. I'm personally not concerned with the 2618 opportunity at all, so my eyes will be locked on a way to get short during tomorrow's trading session, but both trades are valid and if everything goes correctly you may even be able to trade one into the other. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com My YouTube Channel goo.gl
by Akil_Stokes
18
USDCAD 240min Still Predicting $1.40's (with Video)A few days ago I shared an idea looking at the USDCAD predicting that price action has an opportunity to go as far as $1.40 before hitting any significant resistance. On that post I was looking at 2 levels, a main potential reversal zone and a smaller potential reversal zone in which I had an aggressive reason for entry. Well, price action just missed my entry by a few pips which means I had to clear orders and wait to see if the market would provide another opportunity. I had some questions about the analysis as well so I decided to discuss it in a trading video (link below) along with my opinion on how to play next week's interest rate decision. The main potential reversal zone is still on my radar but because we've created a new structure high, I'll also be eyeing up a closer zone between 1.3620's-1.3515's. Here's the link to the video & if you're not a subscribe of mine on youtube stop missing out & become one "What To Have Before Taking A Trade" www.youtube.com Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com
Long
by Akil_Stokes
18
USDCAD Long: Gartley TCT at Wave ((iv)) S/R ZoneUSDCAD has completed a bullish Gartley pattern in in a significant area of support. The Gartley PRZ is confluent with previous wave four support, making it possible to catch fifth wave movement to the completion of the impulse. On the longer term, I am bearish on this pair as multiple D1 bearish patterns are emerging. Near-term, this TCT has a R/R of 4.4 and the Gartley/EW targets align precisely with my short entries. Confluence in the PRZ: Bullish Gartley pattern completion AB=CD pattern completion Wave ((iv)) support at entry Wave ((v))/5 completion at target Thanks for your support and don't forget to click the thumbs up button and follow for future updates and more trade ideas! Here is a longer TF Outlook to consider:
Long
by glennmercer
GBPUSD: A TCT Short Opportunity Using Structure & RSIA lot on my radar today guys, but this is the only only non-advanced pattern opportunity that I'm watching. I'm looking for a chance to get short on the GBPUSD as price action comes back to retest previous structure support. We also have some hidden divergence which was created during the pullback which we can also use when building our case for entries. Also thanks for all of the feedback on yesterday's question about when i should do my daily periscope video. The majority of the traders said before my live trading room begins, so I'm going to give it a try and see how it goes. If you're not on periscope don't worry, i record them and share them on my youtube page as well. Akil Stokes Chief Currency Analyst 4 Head Trading Coach www.TradeEmpowered.com
Short
by Akil_Stokes
34
EURUSD: Potential Trend Continuation Trade (TCT) I typically do the bulk of my weekly analysis on Monday after the New York close, but because last week was spent focusing on the educational side of the business, I wanted to get an early start and get back in tune with the markets. Looking at a potential trend continuation trade here on the EURUSD. Obviously we have a good amount of time before (if) we get to our Killzone, but as we mentioned during last weeks event. When possible we want to go through our I.P.D.E. process as soon as possible and try to remain a step ahead of the markets (prediction wise). Akil Stokes Chief Currency Analyst & Trading Coach www.TradeEmpowered.com Trading Recap Week 45: "What Will Be Different?" tradeempowered.com
Short
by Akil_Stokes
28
NZDUSD: Bullish Gartley with TCT Outlook This NZDUSD trade is something that I've been keeping tabs on for the past few weeks. In fact by this point I think my Live Trading Room & Sydnicate members are probably sick of me mentioning it. But during yesterday's FOMC events price action finally pushed down into the area that I was willing to buy at. Although i didn't get filled on the initial push (due to FOMC trading rules) I did get filled over the London session & currently have a long position. On the 4 hour chart this is simple an advanced pattern trade, but if you were to take a look out on the higher timeframes you'll see that this is also a trend continuation play as well with a lot of legroom to the bullish side. I just finished recording my Weekend Review video & this week's topic was "Building A Rules Based Trading Strategy" (Link below). The video reminded me of this trade because although I use a simple example of a TCT trading strategy in the video, advanced patterns can also be used as reasons for entries as well. I'm a big fan of combining the two, however you have to be very care of when to shoot for extended targets & when not to or else you may end up sabotaging your system by accident. let me know what you think of the video guys! www.youtube.com Akil Stokes
Long
by Akil_Stokes
35
CADJPY: Perfect Example of a Structure Based TCT Opportunity Not a pair that’s in my trading portfolio but I have no doubt that this will be on Jason Stapleton’s radar during this morning Warroom meeting. This is a simple Trend Continuation Trade (TCT) setup on the CADJPY as we look to get long at our current level of structure support. WHAT I’M LOOKING AT Price action has just broken a resistance level and has retraced back to structure for the second time. The current structure shelf allows you a nice area to get involved with minimum risk, while our previous structure highs look to be a good area to do some profit taking. The only question is “how do I get involved?” Well that parts up to you and your trading plan. An aggressive trade can simply buy it up at market, while a more conservative trader may need to go down to a lower timeframe and wait for confirmation at that level. Either way I think it’s a great example of the type of trades that I look for when searching for TCT type setups. Just do me a favor, make sure you follow your rules, because you saw what happened to me when I didn't ( www.youtube.com ) Akil Stokes Chief Currency Analyst at Trade Empowered Click here for 20+ hours of FREE Training tradeempowered.com Click the link below to subscribe for more FOREX TRADING videos www.youtube.com
Long
by Akil_Stokes
32