Trader_Joe_Lee

Trader_Joe_Lee Updated 

USDJPY opened high and pulled back this morning and so as many minor pairs. GBPJPY has a 4hr bat pattern and supply zone combination, while it's still 200 pips away so it's a mid-term strategy rather than short-term tactic. Like my last harmonic pattern analysis on EURUSD (an AWESOME one) This chart doesn't mean that I predict the CD move will happen, it only...

Trader_Joe_Lee

TWTR rallied 2 days in a row after its 3Q result. I'm not trying to pick the top, this trade is more for a long position to take profit than opening a short position. There is a daily bat pattern in front of the 24 fig, which probably has lots of sell limit order there. If there is a reversal sign near 24, I believe it's a good idea for the bull to take some profit!

Trader_Joe_Lee Updated 

GBPUSD has a 0.618 retracement after the rally, and it gives a very significant hammer that shows huge buying pressure. Most of the time, I prefer to trade hammer with the breakout strategy. While in this case, the hammer is just too long to trade it directly, so I would more like to wait for the 0.618 retracement of the hammer itself.

Trader_Joe_Lee Updated 

USDCHF has an inside week last week. I believe every breakout direction of inside week is important, while not every one worth trading. Most of the time weekly chart are for mid-term to long-term analysis, not really very suitable for day trading and leverage trading with regard to time and overnight cost. However, the bigger picture matters of course, so I still...

Trader_Joe_Lee

One of the most important functions about inside bar is to participate in a trend, whenever there is a clear trend, there are inside bar opportunities. None of the pivots in this uptrend is broken down, so I would only want to be bullish in stock market before it PROVES the party is over. With this mindset, I never shorted stock index since the Trump Rally, and...

Trader_Joe_Lee Updated 

GS has a inside day after earnings, and it's one of my favorite trade! The stock futures had a little bit plunge this afternoon as the news about Spain, while in terms of inside day, we won't be afraid of news. What we focus on more is the direction it breaks. If it's able to break to the upside, it means it shows great relative strength and it's still a nice...

Trader_Joe_Lee Updated 

EURUSD had a bounce off the 0.618 retracement from 1.1736, and if it's able to give further continuation, this cypher pattern will probably be completed. My game plan is to wait for reversal sign near 1.1855-1.1875 , that will be my cue to short! MOST IMPORTANT of all, this chart has no implication that it will reach there; my mindset if it reached I would like...

Trader_Joe_Lee Updated 

CMG did bounce off the support and a 2618 trade is just on the mark; while another stock that is hated for quite a long time gives a long opportunity for risk lover, too. It's rare to see 2 harmonic patterns suggesting similar entries, which makes it worth watching carefully! It still better to wait for reversal sign in smaller time frame instead of put a buy...

Trader_Joe_Lee Updated 

MDLZ has a daily Gartley Pattern, and 40 figure showed great support for over a year, it may give a potential long opportunity; I got to wait for reversal sign in smaller time frame to get in the long position, if it breaks 40.00 before any reversal sign, this trade doesn't exist anymore. * Educational use only.

Trader_Joe_Lee Updated 

One month ago I posted this trade on TradingView and it became one of the most powerful education material for 2618 trade; This time the 2618 looks even more significant, and it could be another chance to long. Noted that whenever using inside bar as confirmation entry, a 1:1 1st kick of the inside bar itself is a MUST. So there are actually 2 trades...

Trader_Joe_Lee Updated 

The whole stock market is in the rally mode again, inside bar is one of the most effective tool to take part in such market. MU, as a cyclical stock most of the time, also made an all time high on Wednesday. The other unbelievable low P/E stock GM also starts a rally, and I think if there are still continuation for this rally, a simple P/E correction to 10-12...

Trader_Joe_Lee Updated 

Yes, you guess it right, to long in such a high price looks silly again, but it's really one of the most effective way to join an great uptrend without any significant pull back. As BA's business keeps on growing, many investment bank start to upgrade it with target price higher than 300.00. I know clearly how unreliable the target prices can be, but to be...

Trader_Joe_Lee Updated 

PG on the hotspot and it gave an inside day yesterday, in terms of investment, we should actually avoid these hotspots and news names; while in terms of trading , we look for fluctuation to trade! Short-term plan for today is the inside day, if it's able to break 91.80 today, it might be a good news pull back to long this consumer product giant; If it breaks...

Trader_Joe_Lee Updated 

ATVI has a daily gartley pattern after news about the downgrade on concern of Overwatch Esports. It gave a daily hammer while it's not quite close to the gartley entry, so I'd rather to wait a better reversal sign @ 59.50-60.50. 57.50 out could be good enough, let's see how it goes!

Trader_Joe_Lee Updated 

USDCAD has a cypher pattern and 2618 combination long opportunity. My strategy is to wait for a reversal sign near 1.2490-1.2500 to trade, with an out @ 1.2480. It's a quite narrow short-term trade, so 1:1 1st kick and strict risk-reward stop is a MUST.

Trader_Joe_Lee Updated 

USDCAD has a 4hr double bottom that already broke the neckline, waiting for the 0.618 retracement to long is a solid trade.

Trader_Joe_Lee

As my game plan on USDCHF today-- find smaller time frame trade after it broke the inside day. Here is the cue! (if it breaks down 0.9740 before it breaks 0.9752, this trade doesn't exist anymore.)

Trader_Joe_Lee

Whenever there is a huge uptrend, those who are not willing to chase high price always say that they'll wait for pull back. While there are still people contradicting with themselves that when a pull back actually happens, they change there mind and think, "the uptrend is over , this is the top!!!!" and starting shorting the stock. This makes no sense to me, as...