This is just another study of mine. I probably can't trade long on this one because all my positions are booked as of the moment. I might do a mock entry here after 1 week to test my performance navigating corrective structures. Beginners should observe and stay away. I guarantee nothing. As manijeh kazemi pointed out, there could be a 500 pip drop soon. I have...
One of my trading ideas under construction. Sell opportunity matures next month depending on the speed of PA. I have beauty standards when using impulse EW and corrections. I make vectors out of trendlines and S/R lines but they come 2nd to EWs. That's why I tend to analyze the weeky charts. I can't understand anything under 4H charts. Bias is now long. I...
With complete bullish EW impulses and a double bottom supporting my claim, this looks like it's about to break out with a probability of 90%. To me, it's just picking out what bow tie to wear for the party... whatever you do... don't trade the corrections, it's just gonna confuse us.
Bears bearing down again. Targets are the fibs, you choose. Early entry can be a long candle or a 10 period moving average crossover in 4H Time frame. The reason I'm entering short despite the return of price in the big trendline:The little diagonal blue trendline to the far right which is a basis for zigzag corrective patterns. Disclaimer for beginners: Don't...
Oh no a flat X can't trade it even though the trend is bearish. Waiting for B
We have a descending trendline. If not breached by line X, this could start bearish EW# 1 Waiting for bull strength to die down and enter the 15 period MA and cross the pink line. **** trade invalidated will analyze this pair again later.*** ****Orders cancelled. Price never crossed the pink line**
Another broken wave C correction which could be the gateway to an EW#3. Targets are fibs.
Not yet trading this one. X is very difficult to forecast.
Price headed down the 20MA and failed to complete corrective wave C This could be a zigzag correction that could have enough leg room for PA to explore.
If price goes up the 10 period MVA, going long.
If a 15 minute candle crosses the 20 MVA and below that resistance line, going short. This is an intraday scalp. *** update: I didn't take this trade, it only gave me wicks not closes.
If price goes down once again by a a few candles today or tomorrow and confirms resistance. Shorting ***Early short with MVA crossover. status:active
I know this is a risky late entry and wave 5 can be truncated but 3 is longer than 2 which means 1 = might be = 5 or longer with extensions. This EW has a steep angle to it.
I meant expanding wedge. Will keep my Target 1 conservative since it's almost Friday. T1 stop loss is an oversight SL should be same as T2 so 1:1 ***bearish candles spotted, not enough momentum, closing this trade -20 pips. ***There was an error in my count.
Downward momentum pushing. I guarantee nothing... I can't trade long term because its a Friday. Note to self: You can't scalp to save your life. just 30% winning ratio.
This is the first time I'm using broken flat ABC in my trade. Entering if price gets out of the territory of A. (red rectangle) Scenarios: 1. bearish ABCD 2. Broken flat ABC 3. 3 Drives pattern 4. Head and shoulders
2 scenarios. 1. Price will break out of the ascending triangle (in yellow) and break the MVA 200 2. Price will break the lower trendline and take a nose dive. Looking for price to get out of the ascending triangle zone before entering. *** adjusting Target 1 to 1.4