ggekkotrader

ggekkotrader

Going to add this to my watchlist. Appears that Dax is developing a Crab HCP with prz 10806 - 10850. Will monitor and decide if will trade based on price action and conditions around completion of pattern (if it completes). PRZ = 10806.4 - 10850 1.618XA = 10826.1 3.272BC = 10850 3.14BC = 10828.9 3.00BC = 10806.4 2.24ABC = 10833.2

ggekkotrader

Classic Symmetrical Chart pattern had a break out earlier. Price has now retraced to retest. Expecting an impulse to the downside. Want to see price touch a bottom boundary of downward triangle.

ggekkotrader Updated 

Spotted this harmonic chart pattern, going to open my trading week with taking this one. Low risk. I always start off week slowly and build momentum as week progresses. Happy Trading.

ggekkotrader Updated 

Going to watch this pattern completion and see if it offers opportunity to short.

ggekkotrader

Identified Butterfly Pattern - Possible Short

ggekkotrader

Adding to my watchlist for coming week. If Gartley fails and goes past X point then Butterfly comes into play. Happy Trading

ggekkotrader

EURGBP appears to be developing a possible Butterfly Pattern. If that is the case (only time will show), then PRZ projected to be as follows: PRZ = 0.86141 - 0.86496 1.272XA = 0.86339 2.24BC = 0.86354 2.00BC = 0.86496 1.00ABC = 0.86141 I would look to go long at PRZ, subject to new information (trend, momentum, sentiment) at the time of pattern completion. But...

ggekkotrader

Another learning experiment for me and perhaps a money making opportunity for someone out there. Happy trading.

ggekkotrader

I don't usually trade harmonic chart patterns off the lower timeframes. So don't take my word for it on this one. Publishing for two reasons: to see how it plays out (learning) and in case if someone out there is interested in these sort of short term set ups

ggekkotrader

Trading a possible CD leg development for possible ABCD pattern on 1H time frame. This is a speculative trade so I don't usually risk much on it. Logic is that point C is a retracement pivot point which ensues an impulse wave in direction of trend (in this case down) and will exhaust itself at projected D point. I take this sort of trades only in direction of my...

ggekkotrader

I have published a short idea earlier today which has played out great and allowed me to book in some profits. It appears that the move might have exhausted itself and is due for a corrective move up. Reasons: ABCD pattern is developing and will complete at approx 10277 level. Price is buckling already. Bullish divergence between price action and RSI. Price...

ggekkotrader Updated 

Look for a quick and clean scalp out of descending triangle down to pivot point level. T1 - take in half of position T2 - optional - either close out or trail stop from this point.

ggekkotrader

Bat is in development and could offer a nice long play in the coming days, this goes on my watchlist!

ggekkotrader

Just for my reference, not taking it as a trade, at least not until there is further evidence of exhaustion and reversal. But expecting some profit taking to kill off this parabolic rally and perhaps Gartley could turn to be a good trade. Note and watch on this one.

ggekkotrader

In line with my bearish bias, looking to see the price break down through the blue downward channel and accelerate by taking on a steeper downward channel. Wait and see...

ggekkotrader

... you should know how far down is the basement. Assuming this is an intermediate to long term ABCD down, I have projected possible to PRZ where could be a good opportunity to see some buyers comeback in. I am not particularly reliant on long term projections, only use them to develop a justifiable bias.

ggekkotrader

Looks like a mini deep crab like pattern on 15m which could give more support to 1.0800 handle bounce and scalp opportunity for 30-50 pips. Expecting price to continue lower in the intermediate term, though. So, personally may not be inclined to take this particular trade.

ggekkotrader

Just a n overall assessment of possible up and down side PRZs on EURUSD. My bias is bearish at the moment, so I am playing more shortside until there is enough evidence to change that bias. Hopefully, someone out there will find it more useful than confusing.