PateSkpate

PateSkpate Updated 

I missed my original entry last week on this trade. Now I'm hoping the market will be kind to me and put in a Double Bottom around the 2.0277 Support Level. The Bat Pattern has already hit Target #1... So don't buy it based on the Bat because that trade is already over. IF, market Double Bottoms there: THEN, I will buy next bar market. Stops - Below...

PateSkpate Updated 

Took a short at the Aussie news tonight.. Its in a short term downtrend. Stops - 1 ATR above Resistance Targets - Restest of Lows Had a shooting star at Resistance followed by a Bearish Engulfing Candle.. Not that I use candles for entry reasons.. Just wanted to bring it to attention.

PateSkpate Updated 

At Market Long USDCAD.. USDCAD is in a short term uptrend. We just had a Hammer at a good Support Level. Stops - 1 ATR below Support Level Targets - Just Targeting the highs.. Watch out for the 1.30 psychological level.. It would be a good idea to take targets a few pips before it.

PateSkpate

GBPUSD ran into some Hefty Resistance on May 3. It appeared it was going to Break it and keep running. Instead it ended up being a failed breakout and is failing at the Yearly highs. On the 60min chart we have broken support which signifies the short term trend is now bearish. As a Trend Trader I will be looking to sell rallies back into Resistance. When I was...

PateSkpate

Looking at the HTF I believe that EURJPY will continue higher up the 131.000 area. Market is in a Bearish Trend on the HTF and it appears we are setting up for a complex pullback. With that in mind, I'm bullish on the LTF and want to buy pullbacks. I will be looking to take a long around the 125.750 level IF we can pullback that far. I will also be looking to...

PateSkpate

Here is a great example on why it's so important to stick to your plan and follow your rules 100%! GBPAUD 60min Bear TCT: Notes are on the chart Would you have been disciplined enough to watch the market get 99.9% to Target #1 and sit through a 150 Pip Reversal and losing half of your profits? Then watch the market come down and Double Bottom just ahead of...

PateSkpate

CADJPY has been putting on an impressive recovery off it's Lows. It made it to a Resistance Level and consolidated in the form of an Ascending Triangle. Typically, consolidation areas (in this case a breakout pattern) at Range Tops will result in a strong breakout. Watch and see if this gathers any momentum.

PateSkpate

This is just a outlook for the EURJPY over the next couple of months. I'm more of a swing/day trader and focus mainly on the 5/15/60min charts. However, I do zoom out to the Daily everyday & the Weekly & Monthly once a week. It's good to see where the underlying trend is so you know which side you want to be more aggressive on at KEY levels. Right now, BIGGER...

PateSkpate Updated 

EURJPY Breakdown trade.. Easier seen on the 1hr.

PateSkpate

EURJPY is coiling up for big move here soon. It has been in a Descending Triangle for the past week or so. It's now coiled up even tighter in a small Balance Area (Red Box). I'm expecting a downside move. Targets are can be the support levels below or the height of the triangle (Purple Line)

PateSkpate Updated 

CADJPY broke and closed above a big Resistance Level on Friday. It's also forming a Bearish Bat Pattern on the 4hr chart which completes @ 86.00 Level I'm looking for it to come back down to "old resistance" now Support and looking for a buying opportunity off that Level. Stops - 1 ATR below last swing low (Yellow Box) Target #1 - Previous Highs Target #2 -...

PateSkpate

USDJPY is coming off of a Major Support Level. I'm looking to buy a pullback in anticipation of the market correction. It has broken and closed above previous resistance and if it can pullback into my reversal area I will look to enter long. I will have to enter long at or below the Purple Line which represents a 1 to 1 Risk to Reward. Stops - 1 ATR Below the...

PateSkpate Updated 

- GBPUSD has just ran into a Major Support Level - We have an Open Gap well above us - If I can find a reason to get long then I will - Right now I'm looking for a Double Bottom to occur on the Lower Time Frame Target #1 - Next Level of Resistance Target #2 - Gap Fill Stops - 1 ATR Below Double Bottom (if we get one)

PateSkpate

CADJPY keeps making Lower Lows and Lower Highs = Bearish Trend I will be looking to sell in the my kill zone (Yellow Box) Stops - 1 ATR above the Previous High Target #1 - Retest of Previous Lows Target #2 - Retest of Feb 11 Lows (This is Extended Targets for me)

PateSkpate Updated 

GBPJPY is in a downtrend. I'm looking to sell Rallies on this pair. Price has made it back to my "Reversal Zone" and now has Double Topped with Bearish RSI Divergence. We also have a an ABCD pattern completing right at the Double Top. I just sold at the Double Top and looking for a retest of Previous Lows. Stops - 1 ATR above Double Top Target #1 - Retest of...

PateSkpate Updated 

Looking to short EURJPY around the 129.00 even handle. Market is Bearish, so I'm looking to sell the rallies. Entry - I look to short somewhere between the 61.8% and 78.6% Fib Retracement. I move down a Time Frame and look for a Reversal Pattern via Candlesticks. Right now we have an ABCD Pattern completing in that area. I'll be looking for other things such as:...

PateSkpate Updated 

NZDUSD had a good run up recently. But since then we have Double Topped and broken and closed below 2 support levels now. I've sold this rally and entered on a reversal pattern via candlesticks. Stops - 1 ATR Above the Reversal Zone (Yellow Box) Target #1 - Retest of Lows Target #2 - 1.27% Fib Ext

PateSkpate Updated 

GBPUSD in the short term is making Higher Lows and Higher Highs.. So I consider this to be an Uptrend. Everytime Price has pulled back to support I've bought. I just added my 3rd contract here since my other (2) Contracts are already at Breakeven. Stops - 1 ATR Below last swing low AND below the 1.44 even handle. Target#1 - Retest of most recent highs Target...