DayFarrell

DayFarrell

NOW THIS ONE I WILL TRADE FOR SURE, ATLEAST THE FIRST MOVE. EVEN THOUGH THIS IS MY PREDICTION I'D STILL WAIT FOR PROPER CONFIRMATION BEFORE BUYING.

DayFarrell

i still believe that the market tells you its plans before doing them and this is what i'm trying to uncover. I'm a Molecular Biologist by nature so i'm viewing the market from a Dna perspective, i believe the market shows its Genome first, and after it reveals itself (phenotype or i like to call Phenome), GENOME/PHENOME even if it doesn't go according to plan...

DayFarrell

I do not usually trade C-D legs on patterns, however i made an exception with this one and got in just below C, where, at that point i predetermine a D point of my Zig zag based on supports below, and entered. Surprisingly, everything went according to my crazy plan (off by about 5 pips). my stops are now at break even, so i'll wait until i get to D of my pattern...

DayFarrell

in my previous trade on this pair i was expecting price to bounce off my target (which it did) and retrace down lower, however, i often still check for obstacles that might prevent this from happening, i still believe the price is going to be driven lower, however i see the market painting a pattern which spark my attention. my course of action is to wait to...

DayFarrell

USDJPY retracement long overdue, i was expecting it at the open of the market. it's not fully confirmed but viewing the risk reward, i'm willing to risk it. Lets see how it plays out. strategy: Structure based mostly and a little market intuition. lets see if my intuition is correct,

DayFarrell

just testing out a strategy based on historical observance on price action. Even if it goes according to plan does not guarantee it's a breakthrough, it will spark my interest though. Not a bad risk reward at A-B though 2.72:1. PLEASE REMEMBER, JUST A TEST, "PROFESSIONALS WAIT FOR THE EASY TRADES TO JUMP OUT AT THEM, WHILE AMATEUR ARE ALWAYS IN SEARCH OF...

DayFarrell

earlier we missed an opportunity to enter into a short with this pair, which eventually reversed and hit stops, however, the market began to paint a beautiful cypher. I'm watching Elliott waves along with the pattern to determine which is the preferred target, for now i'm fixed on my initial target, but i will go lower time frame for a more detailed view of the...

DayFarrell

a bit late to enter as i took too long to publish but who knows, we might get a pull back.

DayFarrell

If you did not catch the trade from the completion of the pattern, the market is painting a beautiful head and shoulder that can provide a nice entry risk/reward. As usual, you would need to wait a bit for candle to confirm a further mover upwards. stop loss can be placed below at the D leg of the pattern but, i would rather place my stop just above the D leg at...

DayFarrell

Following up on my recent post for the AUDCAD, i mentioned that i would wait for further gains downward past my channel line which will be the completion of a pattern on a higher time frame @ 1.00854 or 1.00587 (which i'm more in favor of). We could see a bounce at 1.01099 and then further low to Target 1.00854 or 1.00587, then we will have our desired retracement...

DayFarrell

missed a perfect opportunity to enter this trade earlier, but still some time to get in and make a few pips, whether it is a flat or a zigzag, doesn't really matter, the lesser of both says that it will hit my target, however, with the zigzag, it means price will push further pass my target, so as usual, i'd wait for my target to be reached and decide on my limit then.

DayFarrell

Treating this as a No.4 wave Elliott, where the No. 4 wave is often saturated with flats and triangle, i'm awaiting confirmation of the next two candles to verify a move down to second channel line. If the market presents a catalyst in favor of my direction. i wouldn't be too presumptuous to set a limit order at 1.31515, rather i'd prefer to bring my stops past...