Marenno

Marenno

Down swing is expected, however a north - shot is possible. Details are on the chart.

Marenno

The pair will possibly continue it's down movement.

Marenno

the price is in a reversal zone. another short term swing UP is possible. then a south move is expected.

Marenno

Swing Wave Approach Developed by author, This approach can be used by professionals and due to it’s simplicity it can be taught in a much shorter period than other Wave analysis offered on the market. The main idea behind it is catching a one swing. And the main use of the current approach is to trade, rather then analysing the long term price movement. The...

Marenno

The purpose of the approach is to make money out of the next swing of a tradable period. Impulse move, or the move towards the presumed main trend direction, is indicated with “i” followed by the wave number Each higher step/grade is marked with Capital “i” which stands for Impulse + apostrophe after the impulse wave number e.g.: I1’ - 1st impulse wave 2...

Marenno

The purpose of the approach is to make money out of the next swing of a tradable period. Impulse move, or the move towards the presumed main trend direction, is indicated with “i” followed by the wave number Each higher step/grade is marked with Capital “i” which stands for Impulse + apostrophe after the impulse wave number e.g.: I1’ - 1st impulse wave 2...

Marenno

A Swing Wave Approach is an Author's approach. Swing Wave Approach Developed by Arturs Jermolickis “SWA”, This approach can be used by professionals and due to it’s simplicity it can be taught in a much shorter period than other Wave analysis offered on the market. The main idea behind it is catching a one swing. And the main use of the current approach is to...

Marenno

This is a review of a possible price reversal. The price is currently in a falling wedge. The possibility is that SL's will be taken first. Due to that, in case of increasing momentum - continuation towards south. details on the chart.

Marenno

Divergence with a current oscillator confirms possible reversal, what gives support to momentum traders, and can possibly give a momentum to the price movement. Currently Below weekly pivot I will enter the market short, using a limit order, in case if the bearish Price action model will appear at the area arround 14.15000

Marenno

Bearish signal patterns on all watchable time frames. I would recommend to look for a bearish entry on a 1H time frame stop loss area around the current highs, and a targets around 1/3 of a previous swing up

Marenno

Currently a bearish signal on a weekly chart, however, for a shorter stop loss, limit entry on 1Dshould be used, or at least the area around for a less risk entry

Marenno

Currently we have a bearish continuation signal and strong support iss approaching, before the support is reached - look for shorting opportunity, but I do not really trade breakouts, so will possibly look for entry opportunities on a lower time frames. however always watch support areas.

Marenno

Currently above 4H pivot I would not recommend to place new trades, as no clear signs appeared on the chart yet If you have opened positions in a current direction, then you can leave it open for now I would recommend to leave Break-even stop loss. this analysis has been made at (GMT+2) 07:12 and is valid in my opinion till 10:00

Marenno Updated 

Basically easiest way to filter out the false entries (at least for most of the times) is to look at level penetration. To use a level, we must wait for a penetration but closure must be on the side of entry, so if we're looking to buy, the level must be penetrated, but closed above. also, the tale length is important also. tale must be longer then body in most cases.

Marenno

At the moment, we have to wait for a bounce entry confirmation as the bounce entry is possible, due to a low activity during the Asian session Details on the chart

Marenno Updated 

I have added a targets to a possible easy traded signals, so here we go, let's see what is going to happen, and look, from now on, the profitability using structural stop losses is probably equal to zero. let me explain in the next shots.

Marenno

OK in a relation to the review posted, I'm posting the most usual and mistakenly the best "Structural stop losses, for your review, they are the most visible and logical places for Opposition direction's MM's entries... final review will be posted at the end of the day

Marenno

Educational From tonight on, I'm going to post a journal regarding a Breakout and bounce entries that where possible during the day, to help new and pro traders to modify their strategies for better results. Basically a lot of rumors on the market, what is working or not. But guys, the main problem is not in the systems, or in a cover-up idea, but in the raw...