dave25981155

dave25981155 Updated 

Sunday I posted I was waiting for a bearish engulfing candle before considering a reversal short. Well, we have gotten that! I will short if price moves below today's low. Stop is above the S&R level. TP at 2R where I expect it to hit support at the 20 ema.

dave25981155 Updated 

Another inside bar setup. I'll try to shoot for 2R TP. Will move SL to break even after about 1R profit if triggered.

dave25981155 Updated 

Another inside bar setup formed on the USDJPY. If the trade is triggered and goes into my favor I will have a TP order just before a major S&R level (red dotted line). Check out my blog to learn about how I trade. Good luck!

dave25981155

Today we have seen a break of the inside bar setup that formed yesterday. This will give us a possible better entry short below today's candle with a stop above that candle. We will still want to take profit just before the support level, which could give us a 3R return. Once we break below the mother candle I will consider moving my stop to break even. I will...

dave25981155 Updated 

AUDUSD has been making higher highs and higher lows since the beginning of 2017. Last Thursday and Friday we have seen a bullish pinbar formation of of a support level. Could this be the next higher low? I will be looking to trade a short term bullish reversal with an entry at the 50% retracement of the formation. My stoploss will be below the support zone and I...

dave25981155 Updated 

Last Thursday and Friday two bullish pin bars formed of of a horizontal short term support level and of of the longer term trendline. I will be placing an entry order at the 50% retracement level of the last pin bar. My stoploss will go below the two wicks of the last two bars. I will be targeting 2R for profits.

dave25981155 Updated 

Short term reversal trade. Similar to the AUDUSD trade.

dave25981155 Updated 

USDCAD is at a resistance level. Let's see is we a pinbar or engulfing pattern will form there. If it does I might do a short reversal trade. We have to wait and see for now.

dave25981155 Updated 

OANDA:EURCAD has been accelerating to the upside for the past few months. There is still some upside left before price hits old resistance zone. This week price has been consolidating again in an inside bar pattern. The last inside bar formed a bullish pinbar. I will enter long at the break above last Fridays mother candle. I will place a stoploss below the tail...

dave25981155 Updated 

Engulfing bars and pinbars on S&R levels on major USD pairs signaling reversal on the Dollar. Dollar seems to be weakening. Also on Gold I will be looking to reverse my position.

dave25981155 Updated 

After making a double top it looks to me OANDA:XAUUSD will swing lower. I will time my entry at the break lower of the current inside bar formation. I will place my stoploss halfway the mother candle. I plan my take profit at 3R, which coincides with previous support and resistance level.

dave25981155 Updated 

After the clear down trend we saw some consolidation in OANDA:USDCHF that looks like it is forming a bottoming pattern. In the short term I will be looking to trade the next leg down if we see price move below yesterdays low. To find out more about how I trade, see: www.davetromp.net

dave25981155

Here is an example of a profitable trade that closed out today for a 2R gain. I currently have an open order on the USDCHF with a simular setup. See linked idea. The setup consists of the following elements: strong / clear preceding trend consolidation in the form of one or more inside bars a false break out of the consolidation, thus rejecting the counter...

dave25981155

Stop below the handle. Target 1: Previous high Target 2: Measured move based upon previous leg.

dave25981155

Reversed Head and Shoulders pattern on the H1 chart. This signals a counter trend trade long.

dave25981155 Updated 

Neo seems to keep moving up making flags along the way.

dave25981155

Looks like volatility is being crushed at TenX hourly chart. This may lead to a violent break to the upside with a possible 1:8 Risk to Reward.

dave25981155

The last lower low was not supported by a lower low in the RSI. This indicates possible turnaround. Looks like time to shift some of my portefolio into LTC