Trading_Cowboy

Trading_Cowboy

8/22/2017 Close: Shooting Star Formation on the Daily that tested the 8 EMA and was rejected by the .78 EMA, currently holding position looking at further downside on this pair! Will sell against against any valid retracements.

Trading_Cowboy

8/23/2017 Close: I am still bearish on this pair. Currently we are short and seeing the completion of a FIB on the 4 HR chart. The day should close with a Marabouz candle (Strong indication of continuation). Holding till 139.061 is taken out

Trading_Cowboy

8/23/2017 Close: I am still bullish on this pair. Today we formed a Pinbar that rejected the 8 EMA, 18 EMA, .38 and .5 FIB. Still expecting additional upside on this pair out of consolidation based on the weekly price action. We are in consolidation for the moment. We could see retracement to .7875 to touch the Trend Line for the third time. I am on the sidelines...

Trading_Cowboy

Daily Close 8/23/2017: Still Bullish, Still in consolidation, Fib still intact.....still awaiting a move to make a long entry.

Trading_Cowboy

8/23/2017 Close: Interesting movement on this pair today. We broke a key trend line around .72295 , On the four hour chart were are currently retesting the back side of that trend line (8:45PM EST). I have been bullish on this pair above .72000 , the coming day will be interesting to see if we break and retest .72 and have a longer term reversal on our hands or we...

Trading_Cowboy

8/22/2017 Close: I am still Bullish on this pair. I am looking for Price Action Buy Signals to get Long. Currently We are seeing a retrace to the .786 FIB and also the third touch of a Daily Trend Line (Triple Trend Line Bounce). The Counter Trend Line from the 4HR was broken 5 Days ago with a Bullish Engulfing Candle. If we see a bearish close on the daily below...

Trading_Cowboy

8/22/2017 Daily Close: I am still bullish on this pair. The hammer that formed on Monday failed to push price higher. We retraced back to the 8 EMA and are currently testing the 18 EMA on the Daily. If the retrace closes below .7843, we will be looking at a retest of support at .77500. I am looking for price action buy signals to get long

Trading_Cowboy

8/21/2017 Close: Gold Retraced Today to a key level of near term support, 1284.253, a level that has been support and resistance for the past 6 (going on 7 days). The 8 EMA has been tested for the previous two days holding strong. I am looking for price action buy signals of the daily or 4 hour chart to get long on a retrace down to 1274.744

Trading_Cowboy Updated 

1. Week of 8/20/2017 / NZDUSD a. Weekly price action we have formed a HAMMER on the Weekly Chart the tested the 18 EMA. This price action signals more upward momentum. We are currently trying to break through Monthly Resistance. Last Week we saw a counter trend line break on the 4 hour with a Morning Star Action and a bullish engulfing. EMAs on the 4 hour crossed...

Trading_Cowboy

Last week we place a sell and saw a text book Fib completion. Right now we are seeing signs a retracement from the current Monthly Support level. Weekly Price Action showed strong downward momentum again. Currently monitoring the pair for retracement to sell against or price action sell signals to catch further down side.

Trading_Cowboy

I am still bullish on this pair looking for entries on the 4HR and Daily to buy. That said we have seen a significant retracement over the past three weeks and i believe that 1.275 could be tested this week on the retracement before continuing to the upside. I am monitoring the pair closely but do not have a trade placed currently.

Trading_Cowboy

8/20/2017 - Weekly Price Action formed a hammer testing the 8 EMA. WE have an upward crossing of the EMAs on the Monthly, Weekly , Daily as a confluence we are are in an upward trend. Last week we saw a bullish engulfing candle close above the 8 EMA. We are current trying to break key weekly resistance for the past three days. Looking to buy against any weakness...

Trading_Cowboy

1.Week of 8/19/2017 a. Weekly Price Action formation of a shooting star signaling we should be headed further down in price this week. The .618 / .786 retracement level has be test the past two weeks. Friday we saw the formation another bearish engulfing candle signaling further down side. b.Trend – Bearish (Monthly , Weekly, EMAs crossed down) c. Looking to get...

Trading_Cowboy

1.Week of 8/19/2017 a.Trend – Bullish (Monthly, Weekly, Daily all have EMAS crossed up) b.Action: Holding Trade Placed 8/10/2017 c.Entry: Daily (Morning Star / Three Wick Pattern on 8/10/2017) d.Trade Type: Swing e.Conditions N/A f.Risk / Reward 1: 1.87 g. would buy against additional weakness