Newbie Pattern Trader
Think I see a Cypher Pattern
IF pattern completes
Then I will wait for candlestick confirmation
IF I get candlestick confirmation
Then I will go short
THE CLASSIC PSYCHOLOGY OF A MARKET CYCLE.
WE SEE THESE EMOTIONS THROUGH RETAIL
INVESTORS WORLDWIDE. MAKE SURE YOU
HAVE 20/20 HINDSIGHT ON GOLD BEFORE YOU
GET CAUGHT IN THE HERD.
REMEMBER, NO BIAS.
@YUNGFINANCE
Eur/Jpy has had a massive fall this week prior to non farm payroll news causing it to breakout of the descending channel. Now looking for a possible bullish entry to the 23.6% Fib retracement level (132.32) retesting the resistance level. Awaiting further PA before entering.
Hi Trades,
Keep watching this channel on the daily, if we can break and CLOSE above the channel, can be a massive breakout.
Good Luck!
Thiago Duarte
thiago@duarteinvestmentgroup.com
@thiagotrader
Hi traders,
Looking the aussie on monthly chart we can see that he is in a very interesting place which is serving (until now) as an area of support. But what don't make very bullish is that we might reach the 0.50% fib (2001 low-2011 high) which also another fib (connecting on 2008 low and 2011 high), 0.618% is there.
So looking the daily and we see a close...
Hi Traders,
I am watching AUDUSD very closely, especially if he break 0.8300, than I will be long for a medium term trade. 8550 will be probably the first target.
Good luck!
Thiago Duarte
thiago@duarteinvestmentgroup.com
@thiagotrader
Hi traders,
Posted few minutes ago with the daily graph showing that 1985 is very important level and if we break we can see SPX slide and probably fast. If this really happens, I will look into 1897 area to get long again for maybe a new high. Lets wait and see what happens, but keep in mind 1985 and 1897.
Good Luck!
Thiago...
Hi traders,
This is my daily graph on SPX (SP500), 1985 is massive and if we break, I expect a very quick drop and then we can use the same level as resistance. At 1985 we have a channel line which started in May 2013 and also trend line and horizontal line which is support.
Keep this level in mind 1985!!!
Good luck!
Thiago...
Hi Traders,
This is one of the markets that I trade the most. By looking this short term we can see a very good reaction from few minutes ago at 9939 (29/12/14 high). Now I expect him to go to 10080 for a FINAL high (also higher line of pitch-fork). I will short big at that level for a medium term trade. Mixing technical and fundamental (Germany not in a good...
Hi Traders,
Looking at the graphs and I found this massive support on EURJPY at 133.80 (horizontal line). Also by adding a trend line it comes very close to this level. Lets see if we can get a reaction for at least the short term.
Good luck!
Thiago Duarte
thiago@duarteinvestmentgroup.com
@thiagotrader
Hi traders,
Jus did this slope analysis on GBPAUD and is working perfectly. So I think we can use the White lines (slopes) as resistances and supports. So in another words, sell at resistance and take profit will be the line below.
Another thing; we are getting close to the 0.50% fib of the whole move and in the same zone is a reaction zone that we can see from...
Hi Traders,
USOil has reached the level that I have been saying for weeks which is 45.00. The reason why I was watching this level is because of a very strong trend line which start in 1998. However, this does not mean I am long or looking to buy, but its an important level to watch very closely!
The reason I dont want to be a strong buyer is because of the...
Hi guys,
USD/CAD is the pair that is on my watching list for this week and is very interesting. The level that I am watching is 1.1917 which can a trend line from 07/2013. Also lets keep in mind that the H&S has already hit target and looks like we are in 5 waves up in this pair. Time for correction or reversal? I don't know, but thing is for sure, if he gets...
bitcoin against the U.S. Dollar have finally reach 257.00 level which has 2 things; O.764 fib which is connected from the record low and record high and also the high which was made on April 2013 (yellow circle).
I'm already long as I said on the short term graph and I like this zone because the risk is small and the reward can be massive. My long is open from...
Dollar index can be forming a head and shoulders formation to a medium-term correction after the greenback upside for weeks without any major correction. Lets see how is reacts in the short-term and especially during and after FOMC news.
