i want to share another type of analysis today that i really enjoy doing: it is called CTS and it stands for Combined Tecnhical Score. It basically consists on finding more reasons all together in order to increase the likelihood of the trade itself.
First, i want to select my trading zones by using higher timeframe structure: the blue box i've drawn...
not much on my radar today (except the winning trade on USDJPY). Nonetheless i've found something valuable to share with you.
It's a trading opportunity on NZDUSD that starts from the higher timeframe. On the daily we are at the completion point of a Cypher pattern; at the same level we can notice also structure (black line). That's why i began to look...
after being correct in predicting the upward move on this pair (see attachment) we took our profit near 83.00. Now i changed my mind, just watching price action. I'll explain you why.
Basically we are testing a strong resistance zone, both in the daily and in the weekly, therefore we could expect some strong resistance here. In addition to that, we also...
in case you don't know this is an harmonic advanced pattern formation that often times occurs in the markets. It is called Gartley pattern and it's made up of 5 different points all responding to certain criteria. The final D point is at the 1.27 extension of the AB leg and you can trade it both by placing your order on that level and waiting for price...
another pattern on the horizon, this time on EURJPY. The black line indicates a daily structure level, and right there gartley's gonna complete on 1hr chart. This is a good reason for entry for my rules.
Stops above X, targets as usual.
If you have questions, please ask below.
Otherwise, see you in the next chart!
i'm already involved in a USDCAD trade, but for educational purpose i want to share with you this setup in lower timeframe.
As you can see in 4hr chart, we broke and closed below X, that invalidates our previous pattern (even though we're still in that trade) giving us reason to believe price is heading lower. Considering that, i search for selling...
after two profitable trades on this pair, let's see if this winning streak continues.
The level we are looking on is always the same daily resistance. Price now is consolidating; usually in this condition patterns breed.
This time is Gartley's turn to appear.
Stops above X, targets as usual for patterns.
If you have any question, don't hesitate to...
today i show you something i've found this morning during my analysis.
There is a deep gartley formation completing at 1,0686s right at previous structure with the trend in our favor. I always like this kind of setup cause you could shoot for extended targets.
I will be more careful than usual with this pattern cause tonight important aud news are...
Just hit my D-completion of this Gartley.
Hovering around the entry now, so might still be possible to get involved.
Price had just broken to the upside after a period of consolidation, and retraced right around structure.
I was eyeballing this level for a potential short, and was looking for an entry reason when I spotted this pattern and entered immediately @market.