Pronoe

Pronoe Sep 29, 2016

- EURJPY made a jump of 80 pips in 4 hours. - Waiting for Kangourou Tail to form with a high above .786 retracement and close at or below the retracement. Or, wait for Big Shadow to form - RSI is overbought Entry : - Wait for Kangourou Tail or Big Shadow to form then put sell order below the low of it Exit : - S/L above high of Kangourou Tail or Big...

Pronoe Updated  Sep 20, 2016

- EURUSD made a huge jump after a long consolidation. - now losing steam on resistance area - Waiting for a Kangourou Tail to form. - If bar closes at or below resistance area at 1.12035 - sell stop below low of this candle - S/L above high of this candle - T/P 2 zones away

Pronoe Updated  Sep 20, 2016

If this candle close a few pips lower than where it is right now, I'll consider it a Big Shadow. Price tried to breakout above the triangle but fail and retrace below the bottom trendline If candle closes with barely any lower wick I'll go short a few pips below the low of this candle S/L above the high T/P at next zone

Pronoe Sep 19, 2016

Realised I was way calmer and successful when backtesting than when actually trading. The problem is because it's real money ! I'm way too greedy. I want to make lots of money quickly. I take as much trade as I can on every charts that look remotely nice. Hopefully these basics idea will calm my greed and will make me a better trader overhaul.

Pronoe Updated  Sep 18, 2016

- AUD/NZD reached an extreme low on the weekly chart and appears oversold - bouncing off the 1.272 retracement on the weekly chart Entry : - above previous Swing High, trendline and last consolidation area at 1.03175 Exits : - S/L below support area at 1.02600 - T/P next zone at 1.04460

Pronoe Updated  Sep 16, 2016

Facts : - GBPUSD has been in a nice uptrend for the last ~30 days, on the daily chart it's currently finding support on the trendline. - Price has been forming higher high and lower low since yesterday. - Market seems exhausted which seems confirmed by the stochastic Expectations : - Price about to retrace toward this "daily trendline" not further than the...

Pronoe Updated  Sep 14, 2016

- Strong Bearish Divergence with stochastic - Overbought - About to start leg C of the correction waves of a bearish Elliott Wave - On resistance area plus streong trendline tested 3 times over the last ~100 days Entry : - Sell Stop below previous swing low at 102.830 Exits : - S/L few pips above trendline and resistance area - T/P at 101.700 for R/R ratio =...

Pronoe Updated  Sep 13, 2016

- After yesterday Lower Lows, we might be seeing a Lower High form today. - This new high appears to be forming at the top of a pitchfork channel - Stochastic confirm it's overbought Entry : -If this candle close inside the pitchfork or if the next one engulf the previous bullish candle, Sell at market price - Sell Stop set at 102.600 Exits : - S/L a few...

Pronoe Updated  Sep 13, 2016

- Price just made a Higher High - Stochastic indicate overbought Entry - Waiting for the price to retrace toward the resistance area - Wait for a bullish candle to form on the zone - Planning an entry around 1.33000 after a bounce off the zone Exits - S/L below resistance area - T/P at next zone

Pronoe Sep 12, 2016

- Price is forming a Lower Low next to a support area - Stochastic indicate oversold - I expect the price to retrace around the price of last minor swing high Entry - Waiting for the price to retrace toward last minor swing - Once price bounces back, wait for the price to cross below the newly formed Lower Low - Entry below support area at 1.30100 Exits -...

Pronoe Updated  Sep 12, 2016

Price is in downtrend for the last 3 days, it bounced off a support area at 1.12035 and rose until it reached a previous consolidation area. Short Entry : - Sell stop below previous small Swing Low IF past the trend line at 1.12220. Exits : - S/L in consolidation area above previous Swing High at 1.12360 - T/P not at next zone but the one after at...

Pronoe Updated  Sep 12, 2016

Consolidation after a 2 days uptrend. Descending Triangle is forming I think the price is most likely going to resume its uptrend. But to be safe I'll also place a sell stop if the trend reverse. Long Entry : - buy stop just above the last swing high at 102.755 Exits : - S/L below previous swing low at 102.624 - T/P at previous major swing high at...

Pronoe Sep 11, 2016

First time looking at GOLD/USD please bear with me. - Market close at same price as last week, which strengthen this support area. - Might be starting the 4th wave of an Elliott Wave - Then start the 5th one after bouncing off trend line + Low of Wave 1 Entry : - Below Close of 2 Last weeks Exit : - S/L few pips above minor resistance area - T/P at...

Pronoe Updated  Sep 2, 2016

Still playing around with Fib time zone. I noticed that a trend a setup a while ago is crossing a trend and strong support area I set up this morning, are all crossing on a fib time zone retracement. I don't know yet what direction it will take but I expect a strong move to happen around this zone, to monitor !

Pronoe Aug 30, 2016

- The price is bouncing back from a strong support area made of a support area, S2 of my pivot points and the 1.272 retracement. - RSI and Stochastic are oversold on the 4H chart and were oversold 2~3 hours ago on the 1H chart - Still playing around with the Fib Time Zone, the bounce back is around the 8th retracement, we'll see if that means anything - Buy stop...

Pronoe Aug 30, 2016

A few days ago I published an Idea "EURCHF Bearish Butterfly Pattern OR Descending Triangle". I now have more and more reason to believe we're at the top of a bearish butterfly : - Stochastic overbought - Slight bearish divergence With all the announcement expected tomorrow for the Euro zone, I'll follow the news and if it's bearish I'll sell on the breakout...

Pronoe Aug 29, 2016

Saw this ABCD pattern which might be heading to a Three Drive Pattern after bouncing off the .618 retracement level. I'll keep following this pair, I might go long if the price cross above .76240 but I'm mostly using it as a lab to try a couple new things. First one is using divergence when able. I don't rely on it yet to confirm my ideas, I just try to spot...

Pronoe Updated  Aug 29, 2016

What I see : - Currently in a downtrend after bouncing off R1 - RSI is about to pass below 50 What I expect : - Price will keep going down until it bounces off my support area around the .786 retracement level of XA then shoot back up What I'll do : - I will wait for the price to cross the .500 retracement level and go short with a stop loss just above the...