NZD/USD has been down trending since January and it finally reached a significant event area which previously acted as a support with a one leg touch. The market is playing the perfect role for a retracement, we've had strong momentum outburst on the sell direction the past couple of days and that's most likely constitutions pushing the market down to catch all...
I had right now a fellow trader asking me about which centerlines could be met, if I have two forks on the chart. The answer is: either of both can be met, even if the other one is a very big one like the one in the current Gold chart: Why is this possible? It is a question of the perspective, the context: If you look for "quickies", then you probably prefer...
Learning means observing. More then not in trading. By observing a "living" object, we can understand instantly what's going on and how it moves. Let's learn and take advantage of this knowledge in the future. P!
The Chart is mostly self explanatory. Here are the very important things to watch: Swings and Pivots are CLEAR identifiable. But one has to keep both in context. When it rains, it can rain drop by drop, or it can pour like hell. You can drive a care, or you can race with your car. ...see what I mean? It's all about context. To eliminate guesswork in the...
If you want to know more about Fib Circs, start with these basic 4. Then start painting more, top to bottom, bottom to top, bottom to bottom, top to top. Then you can start finding future points matching the price action.
Price often creates Sine Waves. These SW's have centers, which get broken very often. Here we can observe that price did break the smaller SW already. But there is also a bigger one cooking. Let's see if price has the juice to break this one also and if we can manage to take a short ride with price. Patience...patience... P!eace ;-)
The rule of Hagopian says, that if price fails to reach the centerline, it will move in the opposite direction more then from where it came. I have observed this thousand times and the accuracy is insane. 1) the missing of the centerline 2) the start from where price came from...price went back further Now I'm very courious if there is enough juice left to break...
A/R & Forks catching the price action even on the 15' charts. Let's observe together what happens at the lines.
-NEW SIGNAL- Type : Pending Order Date : 26.8.2016 Time : 00:30 GMT+1 Technical : PPZ Trade Pair : EURGBP Timeframe : Daily Trade setup : Sell limit Entry at : 0.86066 ( 55 pips left ) Take profit 1 : 0.84985 ( 110 pips ) Take profit 2 : Take profit 3 : Stop loss : 0.87147 ( 110 pips ) Risk reward : TP1 – 1:1 TP2 – TP3 - Our risk : - Touch trades/Wick plays =...
To help better understand how to use Fibonacci Spirals when trading, I have decided to dedicate a topic about them. My quest here, is to consistently generate predictions using Fibonacci Spirals. I have only recently started to see a pattern and once I found it, I could somewhat consistently reproduce the same results, that is... visually. I could not however...
Following up on a topic we covered in last week's Monday session. Here's a perfect example of how you can have a trading opportunity that is both Counter Trend & Trend Continuation at the same time. Remember gang, the market moves in fractals, meaning there are moves within moves and trend withing trends, within trends. Akil Stokes Chief Currency Analyst &...
Applying that IF Then Syntax to your trading is key! If we break out of the Channel, Then there is a good opportunity for the market to hit the initial target at around 156.70's. Always trade YOUR PLAN! Good luck! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
NZD/USD Weekly perspective. Simple Weekly fib D2 extension confluent with resistance. Also if you check are NZD/USD daily post we also have another fib targeting the same resistance therefore this is are next target for NZD/USD Only looking to long this pair waiting for the perfect opportunity patience pays!
A short trade idea on GBPUSD. Coming into previous resistance zone while forming a potential bearish bat pattern completing at the 0.886 retracement. This offers a nice short opportunity for those pattern traders out there. Targets at 38,2 and 61,8 % retracement. Stops above X. Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
1)Trend line has held since October, 2) A break has now occurred and a retest of this trend line. 2) A further confluence is moving averages heading downwards Target Area 1- 180.017 Target Area 2 - 175.498 (If 180.017 holds as resistance after target 1 is cleared )
A few days ago I shared an idea looking at the USDCAD predicting that price action has an opportunity to go as far as $1.40 before hitting any significant resistance. On that post I was looking at 2 levels, a main potential reversal zone and a smaller potential reversal zone in which I had an aggressive reason for entry. Well, price action just missed my entry...
Clean and insightful USD/JPY publish with overview on trading a Descending Wedge - just my opinion anyway :) The base range is the distance from the highest point of the range to our marked low point. We then take this same distance to determine the potential size of the breakout Note how close USD/JPY came to reaching this potential level in my experience...