Hi All, I wanted to share this with you, we have setting up here a potential Cypher and Bat Pattern. I wouldnt normally post a pattern that hasn't completed its C leg But in noticing this Cypher I thought to also keep an eye open for this BAT. All Cypher Details in Blue, Bat details in Pink. Blue Line Entry for Cypher which is 78.6% Retrace from X to C Leg if...
My attempt to trade the trend down. ___________________ Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two. Typically, when the target one is reached, the stop-loss of position for target two is put to breakeven.
I have been watching USDCHF since the last big impulse down, waiting for its consolidation to resume. The retracement became complex with 5 waves, so I am trading a possible ABC correction of the retracement. Happy trading! ___________________ Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest)....
I have identified this contracting triangle which gives a good opportunity to antecipate the next wave just before the consolidation ends. At 15 minutes timeframe the 'E' wave has it structure broken (the thin blue line). So I placed the orders at the break-point of the line. Happy trading!
Target one reached. For the target two the stoploss is at breakeven. Happy trading! ___________________ Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two.
Market has gone 'to the wrong side' unfortunately. The process of trading was very cautious and even so the market has punished ruthless. Prices float in consolidation now, which I did not expect. I was supposed to do so! This adds to my experience. Loss of 195 pips. ___________________ Money management of my trades. There are two targets: the first one is at...
USDCAD consolidates in a fifth wave (daily) of a fiifh wave (weekly) It may go for another five waves up as an extension of the 5th wave. If the consolidation breaks south, it is reasonable to expect an ABC correction.
Quite interesting: this could be the beginning of a major reversal. Looking forward to a third wave to buy.
USDCHF is in a corrective pattern (4th wave at daily) within a corrective pattern (hourly ABC) WITHIN a corrective pattern (hourly ABCDE triangle) . The setup is similar to USDJPY as you can see at related ideas. Happy trading!
Here is my attempt on the dollar correction. First I figured out a leading diagonal withing a leading diagonal. I used MACD to identify which were likely to be the 3th Elliott wave. Than a correction may be in play: an ABC pattern The strategy is to buy at 62% retracement of the 'A' leg. Happy trading! ___________________ *For now on I'll reveal the money...
Trading a possible 'A' leg correction. Expecting a breakout of current consolidation channel.
Here we got another one of the infamous harmonic patterns with trend on the 4hr timeframe. This pair have been a little choppy the past weeks, so look out for how the price action is going to behave. We need an over sold RSI and a good retracement. Since this is a with short term trend we got 2 targets, i recommend to close half position at target 1, move stop to...
Here we got a potential Bearish Cypher pattern about to complete on this sideways / uptrend madness that nobody wants to trade, but thats what patterns do best! Lets look out for the RSI to go over bought and then we sell like there is no day tomorrow! =D The offer on an entry to the Advanced pattern trading room here on TradingView is still open so please PM me...