PateSkpate

PateSkpate Updated 

USDCAD is coming into Daily Support. This is a Potential Reversal Zone for the resumption of the uptrend. Price has created a descending channel right into the support area. These descending channels tend to breakout to the upside. Stops - Need to be at least 1 ATR below reversal zone. Targets - Potential Targets are shown on the chart.. They are based upon...

PateSkpate Updated 

USDCAD has retraced almost back to Daily Support and is balancing just ahead of the Support Zone. These Balance Area's make for good Breakout trades. Balance areas are simply just Accumulation or Distribution (we don't know which one it is until the market tells us, which is done by breaking out). This trade will be valid which ever way it breaks. I would think a...

PateSkpate Updated 

GBPUSD on the 1hr has broken out of its Rising Wedge Pattern.. Look for a downside move back to structure and possibly further. I'm short @ the Break and Close out of the wedge. Stops are 1 ATR above the Breakdown bar Targets are shown on the chart.. I only trade 2 targets.. But i wanted to give you guys options are where good targets can be.

PateSkpate

USDJPY has been putting in this Rising Wedge Pattern. These tend to break to the downside. The Rising Wedge is also occurring at Resistance. I'm waiting for the Break & Close out of the Wedge on the 60min before I enter. Stops - 1 ATR Above the Breakdown Bar Target #1 - Measured move of the Wedge Target #2 - 78.6% Fib Retracement You can you also use just...

PateSkpate Updated 

This is a bearish TCT setup to get us back in the direction of the overall Bear Trend. This trade is @ Market since we are banging up Resistance. Since we are so close to Resistance this trade gives us a good Risk/Reward. Stops - 1 ATR above last swing high Target #1 - Retest of Previous Lows Target #2 - 1.27% Fib Ext

PateSkpate Updated 

Here is a Bearish TCT setup on AUDUSD. I'm looking to get back in the direction of the overall trend which is bearish. There is also a POTENTIAL Bull Bat lurking down at the lower levels that we can keep our eye on. I took this @ Market. Stops - 1 ATR above last swing high Target #1 - Retest of Previous Lows Target #2 - 1.27% Fib Ext. This also lines up with a...

PateSkpate Updated 

USDJPY is still holding its current downtrend on the 60min chart. Until this trend reverses I will continue to sell all rallies. Currently we have a Gartley, ABCD Pattern, and Fib Inversion all lining up in that "Sell Zone" (Purple box). This gives us a CTS score of 8. If the RSI goes Overbought and/or we get Divergence on it, then we could have a score of 9 or...

PateSkpate Updated 

GBPUSD has been in a heavy downtrend. I'm looking to sell ALL rallies until this trend is broken. As price pushes up into my sell zone I will be looking for Advanced Patterns, Harmonics, etc to help find a good entry. Stops - 1 ATR Above last Swing High Target #1 - Retest of Lows Target #2 - 1.27 Fib Ext of last leg down

PateSkpate Updated 

USDCAD has been in a MAJOR UPTREND for many months now. We have a Bull Cyhper coming into a lower support level. It has 100+ Pips of Risk so bear this in mind. Entry - Bull Cypher Stops - 1 ATR Below Support Level Target #1 - Retest of Highs Target #2 - 1.27% & 1.618% Fib Extension

PateSkpate Updated 

AUDUSD is in a downtrend on the Higher Time Frame. After missing the Bat pattern yesterday I'm still looking to get short on this pair. We also have a Fib Inversion lining up in the sell zone. Target #1 - Retest of Lows Target #2 - 1.27 Fib Ext of last leg Stops - 1 ATR above Previous Swing High

PateSkpate Updated 

AUDUSD has been in a heavy downtrend. Just keep selling the rallies. I'm using the Bat Pattern for my Entry on this Trade. The Fib Inversion lines right up with Bat Entry. The Bat lines up with Structure on the 1hr Time Frame. I'm am going to assume that the RSI will be oversold once up there. CTS score of 7. If we get any divergence on the RSI that will put us...

PateSkpate Updated 

Sorry this is getting out a little late. I haven't had time to Publish it due to my Daytrading this morning. USDJPY Bearish Trend Continuation Trade (TCT). It has a CTS score of 6 depending on how you score it. We have structure, fibs, and an ABCD Pattern all lining up in one area (Purple Box). Also the RSI went oversold. I used the 3 Bar Reversal technique for...

PateSkpate Updated 

Still looking to sell Rallies in Crude. I'm looking for a deep retracement back to $40.00 level. $40 is a key level for Crude if we want to maintain a Bearish view on the market. For all of you that use Combined Technical Scoring System (CTS) to help evaluate trades, we are already at a 7. It will more than likely get a higher score as it comes time to...

PateSkpate Updated 

USDCAD has had 9 Straight days of Advance and has been VERY Bullish. It's currently in a nice Rising Channel. The Balance Area at the highs looks like Distribution to me. A lot of times this is a "topping pattern". So, I'm waiting for a Break & Close out of the Balance Area (Yellow Box) and will enter a short position. Stops - Will be 1 ATR above the Breakdown...

PateSkpate Updated 

USDJPY, 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...

PateSkpate Updated 

EURUSD is currently in a bear trend. I'm looking to sell the rallies in this pair. This has a pretty good Combined Technical Score (CTS), depending on how you score it, I came up with a score of 7. Watching the RSI as Price pushes higher the RSI is making Lower Highs.

PateSkpate

Right now I'm Still Neutral on SPX500. This could all change IF we break & close below the Major Support level on the Daily time frame. IF, we break & close below that level, THEN, I would expect Price to run back down to Previous Lows (Green Dashed lines on Chart) @ around 1880's level. So far in this Uptrend we have started making a series of Higher Lows which...

PateSkpate Updated 

Well its been no surprise that CL has been in a bear trend for quite some time. We will continue to keep selling the rallies. I just missed my fill on this trade. Maybe it will come back up for me.. We will see. The TCT was based on the 78.6% fib retracement and Fib Inversion Trade which completes at the 1.618% ext. The pullback also put in a harmonic move (not...