6.1.8.Family

6.1.8.Family

Buy, Buy, Buy!!! It seems the market is calming down after the storm created by the NFP. GBP is strong across most of the major pairs. While CHF is so-so. Therefore, a move north to the 0.27 fib level is highly possible. If you are taking this trade, please use a strategy you have tested. Thanks for your support.

6.1.8.Family

Price has broken out of a w-x-y-z, so a consolidation on a lower timeframe for a buy is a good idea. With this trading idea in mind, be prepared to be slapped if you are a seller. It doesn't mean the buyers can't be slapped either, it's just that there is high probability of price moving in their direction. If you taking this trade, please use a strategy you...

6.1.8.Family

I have come a long way A rough journey but I'm still on my way A pursuit of happiness or should I say success Because I just want it all... The thought being able to trade advanced patterns and Elliot Waves gets me high sometimes. It's an honor to be part of the new era of Wave Trading. Thank You Anil, Akil, Jason, Navin and all the traders putting free...

6.1.8.Family

Expecting a potential move down to the 0.382 Fib level before the bulls make one last attempt up. Thank you for your support. Happy Trading.

6.1.8.Family

One more push down on the 60mins by the bears before the bulls start to take over can't be ruled out. However, if the bears are too strong, then buying the Bat pattern completion is not a bad idea. Overall, my long term view on the AUDCAD is to the upside. Thank You for your support. Happy Trading.

6.1.8.Family

Having different good trading skills set allows me another entry even when my risk preference wasn't met on the Gartley trade. On the 60mins, there is a potential for more downside move although the Bulls can attempt one more move to the north. Still waiting to get Elliot's touch. Trade with care

6.1.8.Family

Price has been struggling to move up. If the trend line breaks, it could be a beginning of a motive wave to the downside. Trade with care.

6.1.8.Family

Price is consolidating, and since consolidation breeds price patterns, I have been able to identify a potential Gartley on NZDUSD. With the Garrley also completing at around a support zone, a potential move back to the 0.382 Fib level cannot be ruled out.

6.1.8.Family

This a potential bearish Bat Pattren formation as price is heading north to test a resistance zone. The bears at this resistance zone disrespected the bulls in the past. However, will they be able to repeat this? There is also a favourable risk : reward on this trade.

6.1.8.Family

I remember attending a webinar hosted by one of my mentors about correlation.When I started looking correlation at first I got confused. However, after pondering about it, I realised it is one of most useful tools in Forex. For example, with correlation one can determine the right timing to enter a trade. Today I asked myself, is it a coincidence that there is a...

6.1.8.Family

Out of all the advance patterns, Bat pattern is my favourite. And this is because of the favourable risk : reward ratios it generates. Usually, there is a 1: 2 risk : reward ratio. However, taking into account the structure on this trade, I am taking a 1:1.5 which meets my trade plan requirements, and potentially shooting for higher target. So what does this...

6.1.8.Family

Stalking this trade made me remember the lectures I attended few months ago as a fresher. Maybe it might not be directly linked but lets just say I turned the idea of a prisoner dilemma to the Pattern Trader Dilemma. Woke up feeling great, knowing that I'm about to continue my grind, and given today is Monday I wasn't expecting a busy day.As I was analysing the...

6.1.8.Family

This is a potential bearish butterfly pattern on USDJPY as price is in consolidation on the Daily Chart. Of course this trade wouldn't be of any interest to me if there was no resistance zone. This is because since trading is a business of probabilities, I want to know where the sellers are so I can get involved. Now a list of what this trade has to offer in...

6.1.8.Family

After the complletion of the Bat Pattern last week, bears came crushing the bulls. However, the momentum of the selling pressure is decreasing shown by the colour differentiation in the candlesticks. This potential bullish trade does provide a lot in terms of technicals: 1. There is a hidden divergence in place which indicates a trend continuation. 2. A potential...

6.1.8.Family

Price is consolidating on the Daily Charts creating a triangle formation. Dropping down to the 240 minutes chart, there is Bat Pattern and a Gartley Pattern completing at the same resistance zone. Also the dynamic resistance trend line from the triangle formation on the daily charts confluence with the completion of these potential bearish trades. #HappyTrading