Trader_Joe_Lee

Trader_Joe_Lee

SBUX has an weekly cypher pattern and the entry point is right here, yesterday it was an inside day breakout but it didn't give great follow through. With regard to weekly level harmonic pattern, a small inside breakout may not be good enough to take as a confirmation entry. So my game plan will be: 1. pay attention to the intraday price movement to find an...

Trader_Joe_Lee

XAUUSD has an inside day after an important shooting star, if it's able to break to the upside, it means the uptrend remains intact. While there will be a bearish Gartley pattern in 4hr chart with a potential short entry @ 1297, so even if if it's able to break to the upside, to long this inside day means we can only get the 1:1 1st kick above 1300 level, which...

Trader_Joe_Lee Updated 

USDCAD has several reasons to long here, 1.it's the first time to test 0.618 since the bounce from 1.24; 2.there is a demand zone structure at 1.2555-1.2585; 3. it broke 2 inside 4 hr to the upside (the 1st one is a failed breakdown) My plan is to put a buy limit @ 1.2585 with an out @ 1.2548, 1st kick @ 1.2622, let's see how it goes!

Trader_Joe_Lee Updated 

EURUSD just retraced 0.618 and there is a 30min shooting star breaking to the downside. Short @ 1.1812 , out @ 1.1830 1st kick @ 1.1794

Trader_Joe_Lee Updated 

JD.COM rallied from 20 to 49 within a year, and after it failed to break 49 fig level in 8/8 in addition to the earnings report in 8/8, it plunged about 20%. JD is one of the most competitive competitor with BABA, as this BABA rocket keeps on surging to the sky, JD should also be attractive to those who are too scared to buy BABA above $165. Based on this bullish...

Trader_Joe_Lee Updated 

XAUUSD just started another round of beast mode. It gave an inside 30 here and it's very extended, so I would like to long if it's still able to break to the upside, and I don't mind to short if it broke to the downside. Let's wait for which way it breaks ! ps: when it comes to "break", I think it should break at least 2 pips to avoid getting in fake breakout

Trader_Joe_Lee Updated 

XAUUSD rallied since the FED announcement, while the price here I got several reason to give the short a shot. The Bat pattern is not a perfect one as B point didn't retrace enough to 0.382 of XA, while when there are 3 reasons combination, it's good enough for me. Plan: Short @ 1287.40 with an out @ 1290.40 , 1st kick @ 1284.40 Let's see how it goes

Trader_Joe_Lee Updated 

AUDUSD has an hourly double bottom that broke the neckline, it retraced to the 0.618 spot and it gave an inside bar that broke to the upside. It's a good shot to long for me, with a 0.7837 out and 1st kick @ 0.7898.

Trader_Joe_Lee Updated 

US30 gave an inside 4hr after being slumped yesterday; at this spot I'm willing to take the trade both sided. Reason: If it breaks to the upside, it means that the 21800 support tries to play some rebound here, so my target price could be 8EMA around 21930; If it breaks to the downside, it means the selling pressure and the downtrend remain strong, so...

Trader_Joe_Lee Updated 

XAUUSD has broken 4 inside 4hr bars to the upside consecutively. At the same time, the DXY is in a beast mode as NZDUSD leading the slump, so XAUUSD also shows great relative strength among the non-USD currencies. Accordingly, my answer to my topic is a definitely YES! 1277.5 entry with a 1274 out, 1st target @ 1281 (1:1 to the risk to take half of the...

Trader_Joe_Lee

The first inside 15 after NFP trade for XAUUSD succeeded 3 times in a row since June; When it's able to break either side, it usually comes with good continuation. Of course it's much better that if it breaks in line with the direction of the initial momentum, it definitely worth the risk.

Trader_Joe_Lee Updated 

Inside day after earnings is one of my favorite trade. Most stocks have much higher volatility on their earnings day and it creates lots of trading opportunities for short-term to mid-term trading. The philosophy of inside bar is about "neutral","choppy","wait","rest","digest", so an inside day after earnings is like the market still tries hard to figure out the...

Trader_Joe_Lee Updated 

When it comes to earnings, the direction is like Schroedinger's cat for me. It's like pure gambling and I would more like to gamble in Vegas or Macau rather than the stock market,so I never try to predict the direction before earnings. Like my last article a few moment earlier today, I like to react with the price action of the market, not figure out the...

Trader_Joe_Lee

The 150.90 buy finally got my 1:1 kick, so what's next is to trail the other half. Adjusting the out from 141.99 to 151.44 may be a good idea as it's the latest HL and a protection for my cost (yes, my cost of COST lol)

Trader_Joe_Lee

USOIL has been in a rally mode recently with all kinds of good news; There is a potential daily bat pattern with a suggested entry near 50.85, while like how I always do, I won't just put a sell limit there to fight with the soaring price; but if it gave 1. shooting star breaking to the downside 2. inside day breakdown 3. double top patterns near 51, to...

Trader_Joe_Lee Updated 

As I drew the huge daily BAT pattern last week, USDCHF gave an inside day after the D point of the BAT, and it broke to the upside as what I want to see. This combination provided a 200 pips bounce and a potential reversal; Most of the time, harmonic pattern trade actually fights with the current trend in the time frame given, so what we need to wait is reversal...

Trader_Joe_Lee

Find a trend, find an inside bar in the trend (inside bar after new high/) , and trade the breakout with the trend; Again,the winning percentage is only about 50% in the long run, while everything is about risk-reward ratio.

Trader_Joe_Lee Updated 

USDCAD has a 4hr shooter after new session low, looks similar to my last artical about EURUSD! My idea again, is to short the breakdown despite it's already on the floor. Only 10-15 pips risk, worth trying! The mindset is like: I'm a normal guy, everyone who tried to catch the falling knife and tried to find a out on the chart to long USDCAD probably is already...