Reaching a monthly pivot with structured support. Looking for a bounce. SL set to break even at 1 unit in.
Speculative play. Taking a chance on this short while in resistance zone and daily pivot are in the same area. Counter trend...trade with caution. SL to break even 1 unit (10 pips) in. UPDATE: Market made a quick move already. SL set to break even.
Hard to publish these ideas quickly while news is out but good US data but not good enough to push too far ahead. SL at breakeven at half the distance to goal. UPDATE: At SL breakeven point. UPDATE 2: This trade was too quick. About 50-65 seconds. I might not publish trades during high volatility time, even though it's a great trade, it's a bit unfair to track...
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...
I see a Bat pattern in the AUD/JPY 30 min chart, around the 96.810 area. The market here seems to be in an uptrend, so it isn't bad to assume that the market could break out of consolidation and continue trend. But I believe since the market will be testing highs for the year, the market will complete the pattern and reverse down into the 1.618 extension of the...
This Gartley pattern formed at the end of consolidation suggests a long movement from a monthly low. if there is a break out of consolidation , the market will likely rally up into the 1.618 extension of the BC leg, around 1.45530. i have placed my order long keeping the risk reward ratio at 2:1. I have placed my stop at the lowest low of the Gartley pattern, and...
In order to recover from my loss on USD/CAD, I have found a Gartley pattern in the market at around 1.20090. this pattern looks pretty strong and i predict that the market will reverse to the 1.618 extension of the BC leg of the Gartley pattern. I have placed my short as high as I would consider the pattern effective, and my stop at the top of the Garltley...
I noticed this ascending triangle and thought it would be a great opportunity for an easy 25 pips or so. I believe the market will break out above the resistance line and ascend toward the previous structure high that falls around the 1.618 extension of the first leg of the triangle. i have place my buy in just above the resistance level, my limit at the 1.618...
The market is about to complete a crab pattern, upon completion in the potential reversal zone, the market should retrace back to the 1.618 fib of the BC leg. please like and comment and don,t forget to follow me. Good trading !
Short entry setups for the EURUSD pair. After some healthy retracement another bearish continuation of the bigger trend is expected by my indicators. Longer term trades though. For all my trades follow me on twitter! @fredericvdc The account keeps growing with my new strategies. Short and long term trade setups!