TomProTrader

TomProTrader

A lower open is rather important for this to be tradable tomorrow. But any open with strong selling past previous days open would show the same thing. Looks like a down move to me, it's hard to find a target in this situation, so I used fibonacci extensions to calculate an area of ratio confluence where the stock might reverse. I think the 1.618 and 1.272...

TomProTrader

Breakout has theoretically began with force but can still get in on the momentum. Rest of the notes on chart

TomProTrader

Ready to short immediately, better off looking for a short entry signal on a smaller time frame. Downside move likely, high probability move.

TomProTrader

Friends, It's time for Chevron to go short. There are multiple trendline resistances that match up with the stocks current price, and the signals to go with it. As usual- with any idea I put up I've made sure there's an impressive risk/reward ratio. My R/W is calculated using the basic assumption that if the stock moves above the bearish engulfing signal, AND...

TomProTrader

Friends, Before we begin, it's worth noting that this move would realise you massive profits if all the criteria plays out properly (The stock could lose 50% of its value!) We have a bearish flag pattern forming on Halcon Resources. As we can see on the chart, the stock has been rebounding off the 20EMa for some time now, and this resistance was confirmed...

TomProTrader

Friends, An opportunity for trading tomorrow, PROVIDING TRADING OPENS HIGHER TOMORROW. Been a long time since I posted, I've been so busy reading and adapting other trading ideologies as I hope to expand my horizon on trading as much as i possibly can. I'm a fond trade of the candlesticks for trading, and I always have been. And to use them in this set up...

TomProTrader

Friends, Bullish Crab Pattern to complete soon. -Completes in an area which coincides with support levels (yellow rectangle box) -Completes in the area of the 0.618 retracement of the previous swing. -Completes in an area where pattern could be considered more valid. All the best, Tom

TomProTrader

Friends, An absolutely PERFECT measured Bullish cypher in terms of the measurements is very close to completing, the pattern is completed in an area of historic support, good opportunity to get in for a long. Pattern is valid 1.2450 levels and expires at 1.2110 levels. Both levels of this cypher pattern are shown on the chart. Discovered pattern on weekly, but...

TomProTrader

Friends, -Perfect completion of dome and 3 peaks pattern in terms of price action and timings. -Sitting on a critical historical support line at the moment, this could be a good opportunity to get into this for the long haul. This pattern did complete a while ago, but it's important to use this pattern now as a tool in the future indicative trend. I will...

TomProTrader

Friends, Before we go into this, I want to make clear I don't have an overall bearish bias towards Apple. But this might be a good short opportunity for a short amount of time. As this is a potential for the near future, not a directional idea. AAPL to break channel to downside for the time being? So Far: -Three drivers pattern completed, since then we've...

TomProTrader

Friends, IWM has been trading along a bearish sentiment. But using cycles we get a different picture completely I discovered some other interesting things!. I discovered 2 "cycles" and plenty of harmonic moves. Cycle 1 is being repeated completely harmonically to cycle 2 but the other way around! Creating brilliant. symmetry and a safer trading...

TomProTrader

Friends, USDJPY has been trading along a support trendline I have drawn. But there is a lot more to this trade than once realised! I discovered some other interesting things!. I discovered 3 "cycles", which is terms of target and time, were very, very interesting. Cycle 1- Move began, retraced and hit 1.786 extension. This took 20 days and 4 hours to...

TomProTrader

NZD/USD weekly showing numerous harmonic patterns. 3 of the patterns actually coincide near each other! (The yellow shark at its maximum 1.13 extension would land right in the same entry point as the other 2 patterns) Haven't see anything like this for a long time. We have as follows: 1)Bullish Gartley pattern 2)Bullish Cypher pattern 3)Bullish shark...

TomProTrader

Traders, We've hit trendline resistance, which co-incides with .786 retracement of the previous swing move. Also we've had an oversold reading on the stochastic, and the stochastic lines have began to cross. Bearish sentiment confirmed on multiple timeframes. We've had some bearish candles confirming trend line integrity. All the best. UPDATE: Todays trading...

TomProTrader

On MANU we had a completion of the cypher pattern and the stock moved upward and has hit the first target level. We want to see an open above the blue trend line shown below to confirm an actual continuation, or a breakout above the line. Since then, we have had multiple doji's that have caught my eye. If one doji shows indecision, multiple doji's show further...

TomProTrader

Traders, there's a lot here so let's crack on. We had a bullish shark pattern complete on the last day of trading last week. Before we had this shark, ANOTHER shark pattern completed before this on the 16th September. When the first shark completed we had a very strong move upward to almost a full retrace before we got a downside move, and even that wasn't much...

TomProTrader

Friends, Was just going through my charts and i saw this pattern pattern forming here. GSK Bullish shark could possibly complete soon on the weekly. Pattern completes at 43.00 and expires below 39.80 levels. Both of these levels of the shark pattern are shown on the chart. This pattern has formed within some good historic S/R levels also (The yellow rectangle),...

TomProTrader

Traders, We have a potential bullish butterfly pattern completion on the NZDJPY. The confirmed completion will arise at the 82.90 levels, and the last buying opportunity before the pattern is around 80.80's levels. If it goes below the 80.60's level, then this pattern has expired. There is structure around the pattern, which in my opinion increases the integrity...