CoinSparrow

CoinSparrow

Head and shoulders pattern emerging at the daily view for DE30EUR. I will wait until the it breaks the neckline and closes above it to open the trade. I am a novice and this is not financial advice.

CoinSparrow

very clear head and shoulders top pattern just completed on WTI oil. 23 pips target 1

CoinSparrow

I noticed a weird thing drawing harmonics. Certain ratios are completely different in tradingview if you use the Cypher tool vs. the XABCD tool. All points on the image are identical when drawn (I moved them apart to show what I mean) Specifically AC ratio is way different. And it makes a big difference to the validity of the pattern!!!! Can someone explain...

CoinSparrow

Germany 30 has been in consolidation on the hourly chart through yesterday. You can see the asymmetrical consolidating triangle with a few features that indicate it could break and go short today. 1. The “lower highs” are occurring at a greater trend angle than the “higher lows” 2. The long candles testing the upper trend line have very small volume indicating...

CoinSparrow

Support becomes resistance. Target based on fib ratios. See how we go. Novice trader recommend you do not trade on my ideas

CoinSparrow

Wait for beak and close. Trading the 15m here can be very risky.

CoinSparrow

Do not trade based on my ideas. I am a novice trader and post these for your interest only. Let's try this again AUDUSD. We're rapidly approaching point D of a shark formation. -Point D here is the highest price where the formation is true - the formation still follows the rules of shark pattern all the way down to about ~.75 price. -Point D here neatly...

CoinSparrow Updated 

Double top at the hourly.

CoinSparrow

Do not trade based on my ideas. I am a novice trader. Spotted a potential head and shoulders in NatGas. Note the left shoulder had a peak when it opened for the week above the head - however, trend lines support the analysis. I will be short at break and close of the neckline.

CoinSparrow

Do not trade based on my ideas - I am a novice trader and post for your interest only. Spotted a double top (maybe even triple!) at the hourly here. I believe the price will fall to respect the intersection of trendlines. If it does do this, it may form the right shoulder of inverse head and shoulder (spotted thanks to Mr. FxCanli - his idea is in the link...

CoinSparrow

Don't trade based on my ideas - I am a complete novice. Posted for your interest and my learning. I've spotted a bat formation in NZDUSD and have my trades set up to TP at 38.2 and 61.8 retracement levels once triggered (at D point of Bat) Ratios aren't perfect.

CoinSparrow

Just missed this trade but there's a beautiful Gartley formation that just completed. Next time I hope to see it sooner :)

CoinSparrow

Do not trade based on my ideas. I am a novice. Double top formed at the hourly - I'm short to the 61.8 retracement of the upward movement for a cheeky 4:1 R/R. Double top is not confirmed until it breaks the neckline - strictly should not enter trade until it does. For my target this gives only ~1.3:1 - therefore I am breaking the rules for small risk and large reward.

CoinSparrow Updated 

Strong support line broken. Short now.

CoinSparrow Updated 

Amateur trader don't trade based on my ideas. Intersection of solid support at 1.68 and descending triangle. Entry will be long or short upon break + close of either the support or resistance lines. No idea what T/P and S/L should be, I'll probably aim for the next support/resistance lines with appropriate S/L to manage risk/reward ratio. I like 2:1 minimum.

CoinSparrow Updated 

Please do not trade based on my ideas. I am a novice and post for interest's sake only. Palladium closed below a steep upward trendline on Friday at the hourly. Daily and weekly the trend is still upwards, however it has kissed a resistance line again at about 1,000. I also note a divergence in volume suggesting the upward trend may be coming to an end. (I'm...

CoinSparrow Updated 

Do not trade based on my ideas. I am a novice and share them for interest's sake only. After the final kick on Friday (Saturday morning here) AUDNZD retreated to close back within the channel. Volume bar for that last surge was low too (it was the last trading hour of the week mind you). I'll wait to see where it opens in the morning, but I'm thinking price will...

CoinSparrow

Do not trade based on my ideas. I am a novice and post this for interest's sake only. 1. Long descending triangle coming to an end. Enter long after a weekly break and close above the trendline. 2. Potential inverse Head and Shoulders down there as well - the left shoulder is VERY close to the head - not sure if this is valid. Also wait to enter long above break...