shevectorie

shevectorie

Assuming that it made a wave #1 already. Details in the chart. Looking for wave #3 with low risk SL.

shevectorie

Extremely tight SL since this is a very risky setup. Intraweek long via the completion of an abc pattern of wave B. Theory: Wave A is complex therefore Wave B is simple. (principle of alternation within corrective waves) Update with recent developments in price action:

shevectorie

Third of a third is presumed the strongest push within all impulse but I'm not expecting it to take off very high. Made a very conservative SL. Closer look:

shevectorie

As my short position wasn't triggered yesterday. I'm going back to my unpublished draft from last weekend where the price action seems to agree with better as a daily green candle printed. Might be a bullish engulfing but I'm not sure. (Note to self: I'm really not good with short term analysis. Just leave scalping to the pros.)

shevectorie

Creating entry order

shevectorie

Re analyzed my count since the pair looks like it's facing a hard bullish support. I think this makes much more sense. My last week's analysis.

shevectorie

Follow the dotted lines for entry. If price doesn't make a retracement, then it will make a 'last kiss' on the minor descending trendline. My analysis in the weekly chart before cash rate announcement. Tom Killick's idea: Credits to TradingEW for the early alert:

shevectorie

This is the simplest analysis I could do for this pair. There might be a corrective move up of 3 waves soon. Wave 2 is a zigzag correction which means wave 4 will likely be a flat. (alternation principle) I won't trade this because I prefer NZDJPY.

shevectorie

In my opinion fundamentals respect the technicals before going to the intended direction. This way, you don't have to rush into a trade you're uncertain of just because you think you'll get left behind. Price just speeds up in the exploration of S/R lines so the true market reaction from an announcement could be delayed for hours or days. I wanted to do NZDUSD...

shevectorie

Details in the chart. No fancy waves today. The market isn't dancing. ***Note to self: I didn't even count the EW for this. I just based it off purely candlestick analysis which has never been my forte. I think this is the most shameful trade of the year, overconfidence and not following the trading plan. Lesson Learned.

shevectorie

With my earlier analysis, below...a big green candle in the 4H has broken out. Hopefully this is a flag or a pennant. Here's my entry. here's my previous analysis: (sorry for the messy chart, you just have to zoom in)

shevectorie

I am contradicting myself in not trading the correction but there's a 15 pip risk and a 150 pip profit target on this one. I am already in the trade because of the wicky setups a few minutes ago hence the 15 pip SL. Trying my luck since the waves look solid and clear.. Credits also to Inside Market for noting the short term waves :-) ***Update same day:...

shevectorie

Entered as price hovered at the trendline which seemed solid as I have observed yesterday. I opened my position @ market when that last candle was red and started to make a wick. I know I've just given up scalping but I am risking around 10 pips as SL for this. An impulsive trade. Given my scalping history I'd say I'd probably lose this one 70%. Update: 7/21 ...

shevectorie

This is just an exercise for me and for future reference. I know some might not follow the complex abc corrections but the summary is that an EW#2 might be over soon. There can be a move down of roughly 50 pips then a move up to make the 3rd wave. This pair is very tricky to count so I'm not confident in my analysis. As usual, targets are fib projections of...

shevectorie

Bulls searching for support which they are likely to find at: wave 4 of the smaller EW and a previous wave 3 of the bigger EW Big red candles are in place and price escaped out of the trendline & 20 period MVA once more. In my opinion, good to short. If this loses, at least I followed my trading entry rules which is important. To beginners: I guarantee nothing....

shevectorie

I don't have a bias for this pair yet as there's a bullish wedge on the weekly chart but on the other hand, in the 4H chart, we can see that a presumed elliot wave 1 might already have formed. For me to enter, it should only have one big red candle for this week. Price action has a long way to go before proving itself bullish to me. No rush. ** I apologize for...

shevectorie

This is not meant to be traded seriously just a hypothetical guide for myself. Price is not predictable and this may need adjustments according to price action. short-short-long-short scenario.

shevectorie

Withdrawing my earlier analysis because of a new complete 5 impulse EW. Its bottom is gonna get retraced and will not recover until point C. UJ no longer safe for bulls in my opinion. T1 should be the 1.21 fib and max should be 1.6 projection of wave A (I am not in this trade, I have no available remaining positions) Enter at your own risk and stop loss...