Speculation. Looking for some bounce action at the 0.764/1.272.
Looking at the .618/.236 bounce lower with decent US data. UPDATE: Got wrecked real quick. Just not my week while I'm sick.
Sniper short scalp speculation at the .5 fib resistance. As usual SL to breakeven if 1 unit of profit is hit. UPDATE: Quick loss. In a bit of a slump.
Speculation play. No real logic beyond higher lows. This one is a special play for me. If this gets to 1 unit profit, I'll set SL to break even and let this one ride for the long haul.
Resistance and the 2.272 fib extension along with the long term .764 from the first run around the same area. Looking for a small pullback.
This is my trade hedging for the NZD/ USD trade, although this trade appears to be a bit stronger, being that the butterfly pattern completed in both negative deviations. So if this market respects the pattern , we should see a rally to the 1.618 extension of the BC leg. Limit is the 1.618 extension of BC Entry is the Point B of the butterfly pattern Stop is at...
Playing off the .618 bounce and new support. UPDATE: Quick spike down. Still like the play but I can't win them all.
Looking at the 0.764 bounce. Original idea nearly died but before it did...I realized my 240 trend line didn't sync...I readjusted my SL by 5 pips at the double cross. UPDATE: Idea lost anyways. #KanyeShrug
Looking for a quick retracement back down to the .618(second fib) after the run up to the .764 (first fib). UPDATE: Poor choice at a low volatility time with so much downside.
Here we see a butterfly pattern on the Euro, Pound charts. Like most trades i make, i try to find support inside the linear regression channel and here we see the patern complete along the linear regression and the butterfly would suggest that we rally back up into, if not past, the positive standard deviation line. I have placed my targets like any other...
Last play on this pair was speculative. This time I am looking onto the Commercial hedging reaching a critical turning point which will bring long speculative players into the game. Also looking at a few matching fib zones and the 50ma to create a support bounce. Setting a stop at the .618 zone of the swing low-to-high and setting a target at the matching .618...
A bit of a speculative long reversal play which has burned me more than a few times already but this position is a more ideal spot to go long than my previous long position which was doing perfectly fine until news came out. Re-entering the same position just to see how it plays out. Still like this fib powered play and went long closer to structured support...
Here we see a bat pattern formed inside the walls of the linear regression line. I belive this gives us enough evidence to institute a price action style harmonic trade. I have placed my entry at current market price because it gave me the opportunity for a 2:1 risk reward ratio; although i do believe that the market could continue in uptrend for a few more...
Lazy Speculative play. See a few fibs matching up in that particular zone as well as structured support.
We're getting close to the previous structure high which is currently the structure low for this short term up trend. I like the risk/reward here even though I missed the lows. 0.382 Fib level has been key for a while now and we are right at that point from the current swing low to swing high. Daily Chart Key indicators: Fib 0.382 Level. 1.1039 Structure Low...
There is a bat pattern forming on the EUR?USD 1 hr. It apears as though the market will reverse after completing so i placed my buy at the end of the pattern as you can tell. After crossing that line we should see a rally to the 1.618 extension of the BC leg, giving us a roughly 2:1 risk reward ratio. follow this trade, it will be an interesting gain. Don't be...
After completing the crab pattern posted yesterday, we noticed that the market rallied into new structure highs. In the new consolidation I see a butterfly pattern on the 30 min GBP/USD charts. I caught it a little late but i'm getting in halfway down the trend still leaving me a roughly 2:1 risk reward and some decent profit. I believe that the market will...
This Gartley pattern appeared Yesterday and has provided solid evidence for a reversal. The Gartley pattern has completed, So it is time to short the market, It might be safer to wait until the market crosses the previous structure low set by the Garley pattern and then get out of the market when it reaches the next structure low around 91.8700. Don't forget to...