RalphStPierre

RalphStPierre Updated 

Possible double top reversal pattern. A close below the wave and we will be taking a short position targeting our Monthly chart out looked published earlier.

RalphStPierre Updated 

Looking for a reversal pattern in the confluence area and a close below the wave to short. Although long term project is 1800. We have a an intermediate projection in the 1100 area. The first target will be (a) of the minuette wave degree

RalphStPierre

Looking for a reversal pattern in this area.

RalphStPierre

OIL triggered short with a break below the wave and divergence on the AO. The last short we entered stopped out. So here we go again. Short one one position. A retrace with a lower high will trigger a second short position. Looking at the $42.00 area as the target. Keeping in mind Crude Oil Inventory report coming out Wednesday.

RalphStPierre

Bearish Gartly. Top of internal Wave 4 projection @ .618 Fib retracement. A close below the wave confirms Wave 4 and triggers a short trade, We are already short two positions from last week, This gives us confidence in holding our positions. For now. A close above the .618 fib level and we will close positions. Although Wave 4 is not invalid until a close into...

RalphStPierre Updated 

Do not call the crazy house and have me committed " YET " . As crazy as it sounds. If the Wave count stays valid $29 Oil is in the forecast. Barring the bumps in the road. Price spikes extended corrections etc etc When we get there I dont care to speculate. By the end of the year ?. Ok maybe I will. Anyway. Lets focus on the $40 area first. Current analysis...

RalphStPierre Updated 

Divergence, Double Top, close below the wave in the wave 4 reversal zone triggered a short trade. A pullback into the wave or slightly above will trigger a second short entry. A close above the high Stops out trade. But will not invalidate the 1hr TF BO4 short idea until price closes above the count invalidation zone on the higher TF, So bascially, a small trade...

RalphStPierre

What we are watching is a potential inverse head and shoulders pattern coming off a bullish cypher. We do not manually plot our harmonics we have software to do it for us. Our settings are not set to true. So we do allow some tolerances in the patterns. And we do not trade off them alone. We look for confluence with other things like fib level confluences ema...

RalphStPierre Updated 

BO4 active. Counter trade on a lower time frame to find the end of Wave 2 Then watch for an end of wave 2 bottom pattern on the interval wave for a long enter to follow price to Point T

RalphStPierre

Our Gold long term outlook certainly (well ok MIGHT ) confirm our long term outlook for a 80 cent buck. Like all things. Chart time is needed and time will tell. And we all know things change over time. Trade what you see on your charts today. Today we see a short opportunity in a BO4 trade on the trendline break. We use a close below the 34 EMA to confirm the...

RalphStPierre

So...what do you do when your trading methodology just does not make sense...nothing lines up..you find yourself struggling to make sense of a pair..specific stock..or whatever you are trading. Once you realize its all subjective. You may see a cup and handle. I might see a bullish flag. Your support is my resistance. I suppose that is why forex is a zero sum...

RalphStPierre

Notes on chart....(basically Im just trying to justify me existence to the boss)

RalphStPierre

Taking some heat on our Oil short. A good time to add to the Oil short ? A third chance with a close below the wave after a deeper retrace. So we did just that. Now holding 3 short positions.

RalphStPierre

15M TF Second Short Position Opportunity. Price retrace into the wave. A simple trendline break. WIth Red Stochastics in the URZ (upper reversal zone) showing hidden divergence. The trigger will be a trendline break and red stochastic turning down.

RalphStPierre Updated 

Double Top ? Close below the wave triggers 15m TF Fill the Gap Trade. H1 TF close below pink trend line. Triggers both a FIll the Gap and 123 pattern off a double top.

RalphStPierre Updated 

H1 FG Short Opportunity

RalphStPierre Updated 

15min TF BO4 opportunity

RalphStPierre Updated 

BO1 complete. BO2 on close below trendline.