DayFarrell

DayFarrell

I SPOT THIS MOVE THIS EVENING, THIS PAIR HAVE BEEN VERY PREDICTABLE FOR THE LAST 2 WEEKS. I'D LOVE TO SEE HOW THIS PLAYS OUT THOUGH. 61.8 RETRACE BEFORE I ENTER. CLOSE ABOVE NEGATES THE TRADE SET UP.

DayFarrell

HERE IS ANOTHER EXAMPLE OF THE SAME TRADE I'VE BEEN ON ABOUT STAIR CASE: SHORT RETRACE TO 23-38, THEN HEAD TO 76 AND REVERSE TO THE 23-38 ZONE. 1ST: LONG THE BEST ENTRY WILL BE AT 1.0766 SINCE THE PRICE WILL REVISIT THE PHI LEVEL BEFORE RALLY. 2ND: SHORT SELL AT THE TOP OF THE 23-38 AND PHI (FIB) EXPAND TO 1 (100%) MONITOR TRADE FOR CHANGES IN SET UP...

DayFarrell

HERE IS ANOTHER EXAMPLE OF WHY I CALL THIS PATTERN A STAIR CASE OR STAIRS, WHICH ENDS WITH A U SHAPE. THE RATIOS ARE: 23.6-38% RETRACE BETWEEN A STRONG MOVE, THEN A 76 % FIB EXPANSION CONTINUATION OF THE MOVE WHICH THEN GOES INTO A 38% RETRACE. AS ALL TECHNICAL ANALYSIS, THERE ARE A BIT MORE MATHS INVOLVE BUT IT'S MOSTLY EXPERIMENTAL. THE TREND ANGLE FOR...

DayFarrell

HERE IS A TRADE SETUP I DISCOVERED A WHILE BACK AND SINCE THEM IT HAS BEEN QUITE SUCCESSFUL, I CALL IT STAIRCASE BECAUSE OF THE SHAPE OF THE CHART. BASICALLY, LOOK FOR A 23.6 RETRACEMENT, THEN AN EXPANSION TO 76.8, AND A RALLY BACK TO THE 23.6 REGION. USUALLY THIS TRADE WORKS GREAT WHEN THERE IS NO FUNDAMENTALS ANTICIPATING SO I'M CONFIDENT IT WILL WORK. THE...

DayFarrell

I'M LOOKING FOR A PULL BACK DOWN TO 122.52 REGION TO GET INTO A LONG POSITION THAT I'M EXPECTING TO TEST THE MAJOR RESISTANT TRENDLINE. I EVENTUALLY AM EXPECTING IT TO PIERCE THE TRENDLINE, BUT I WANT TO TRADE THE PULL BACK ALSO, SO TRADE SET UP OPEN: 122.56 STOPS: 122.00 TARGET 1ST: 124.00 TARGET 2ND: 125.00

DayFarrell

LOOKING AT THIS SET UP, ITS EASY TO ASSUME THAT PRICE REVERSED AT THE PREVIOUS RESISTANCE LEVEL, BUT I'M A BIT SKEPTICAL TO ACCEPT THIS OUTLOOK AND GET FULLY INVESTED IN A SHORT, THERE ARE SOME SIGNALS THAT POINTS TOWARDS A MOVE LONG BEFORE A SHORT. I WILL TAKE A SHORT HERE ON A SLIGHT PULL BACK UP TO RESISTANCE, BUT AS I SAID, NOT FULLY INVESTED. THIS WILL BE A...

DayFarrell

HEAD AND SHOULDERS ARE USUALLY REVERSAL PATTERNS BUT THERE ARE INSTANCES WHEN THEY SHOW UP AS CONTINUATION PATTERNS, I LOOK AT IT AS MALE AND FEMALE GENITALS INSTEAD OF HEAD AND SHOULDER, TO ME IT MAKES MORE SENSE. BEFORE YOU SAY THAT GUY HAS A DIRTY MIND HEAR ME OUT. WOMEN ARE OFTEN PEACEFUL AND USUALLY LIKES TO PROMOTE PEACE CONTINUITY, AND LONGEVITY, WHILE US...

DayFarrell

SPOT THIS ONE TODAY, I LIKE THIS PAIR FOR SOME REASON..HEAD AND SHOULDER, PLUS STAIRCASE WHICH BRINGS US BACK TO PRICE AND A 78.6 PATTERN D POINT. VERY HIGH PROBABILITY TRADE. THESE ARE THE KING OF SET UPS I LOVE, BUT MOST PERSONS I REALIZE STAY CLEAR OF THIS PAIR. VERY HIGH REWARD IF OR SHOULD I SAY WHEN THIS PLAYS OUT.

DayFarrell

OK I MUST START BY SAYING THAT WHEN A CHART IS POSTED BY ANYONE WITH A PARTICULAR TARGET, IT IS BASED ON THE REVERSAL POINT THAT WAS SET PRIOR. SO IF I SET MY REVERSAL TO 5 ON A SHORT WITH A 61.8 TARGET, AND THE MARKET GOES FURTHER DOWN TO 3, YOU MUST BE SMART ENOUGH TO KNOW THAT YOU MUST ADJUST YOUR RETRACEMENT TOOL TO 3 TO GET A MORE ACCURATE TARGET. IF YOU ARE...

DayFarrell

I MUST START BY SAYING THIS IS AN ACTUAL TRADE IDEA, I'VE BEEN RESEARCHING A PREDICTING STRATEGY ON THIS PAIR SO LONG THAT I WAS BEGINNING TO SEE TUNNEL VISION AND OVERLOOKING THE OBVIOUS. AND WHAT IS THE OBVIOUS? THE BIG HEAD AND SHOULDER PATTERN THATS RIGHT INFRONT OF ME (AND YOU).SO THIS CHART IS ALSO A LITTLE LESSON THAT I PROMISE WILL INCREASE THE SUCCESS OF...

DayFarrell

PLEASE SEE RE-POST FOR BETTER CHART VIEW!!!

DayFarrell

I GOT THE FIRST GARTLEY PATTERN, NOW I'M SEEING THIS SETTING UP. UPON COMPLETION OF THE 61.8 OF THE GARTLEY, I'M EXPECTING A 38.2 PULL BACK. HOWEVER I ALSO SEE A POSSIBILITY OF A FURTHER MOVE DOWNWARDS SINCE OUR LARGER STRUCTURE NEVER TOUCHED ITS 38.2 PULLBACK, SO A REVERSAL CAN MEAN A MOVE DOWN TO THIS LEVEL. THE OTHER SIDE OF CONFUSION LIES A CYPHER PATTERN...

DayFarrell

JUST THOUGHT I'D SHARE THIS ONE, ACTUALLY WAS TRADING FROM C- D, SO GETTING THE D POINT ON SELL WILL BE GREAT FOR ME. MY C-D TARGET IS 1.618 OF 2ND WAVE, WHICH I'M ALSO USING AS A SELL ENTRY FOR A 1ST TARGET TOWARDS 38.2, BUT BASE ON MOMENTUM, I WILL DECIDE IF 61.8 IS A POSSIBILITY. SO I'M NOT SUGGESTING TO SET TAKE PROFIT AT 61.8, CHOOSE YOUR OWN TARGET.

DayFarrell

ALREADY ON THE MOVE BUT STILL TIME FOR ENTRY, NOT A BAD STRUCTURE TRADE.

DayFarrell

BASIC STRUCTURE TRADE THAT THE AVERAGE TRADER CAN INTERPRET, SO NO EXPLANATION NEEDED

DayFarrell

THIS IS AN INTERESTING SET UP, WE HAVE A TRIPLE HEAD, HEAD AND SHOLUDER PATTERN, A GARTLEY PATTERN, AND MOST INTERESTINGLY, MY SO-CALLED STAIRCASE PATTERN. FIND A SIMILAR ONE IN RELATED IDEAS. IT HAS A 61.8 RETRACE THEN A 23.6 PULLBACK, A FURTHER MOVE DOWN TO OPENING PRICE (100% FIB) AND THE A 38.2 RETRACE OR A RETRACE TO PREVIOUS LOW IN THIS CASE. THE PAIR LOOK...

DayFarrell

AS FOR MOST OF MY DAILY CHARTS ON THIS PAIR, I'M TESTING PERMUTATIONS AND COMBINATIONS OF A METHOD, AND THIS IS NO DIFFERENT. THE ONLY THING IS OF ANY VALUE IS, I HAVE A BULLISH EXPECTATION FOR THIS PAIR FOR THE NEXT DAY THIS CHART IS PRETTY SIMPLE, ANY MOVE FAR BELOW THE 50% CANCEL THIS SET UP FOR ME, THIS CHART IS BASED ON THE HEAD AND SHOULDER PATTERN, MIXED...

DayFarrell

THIS IS VERY SIMILAR TO MY RECENT EURUSD TRADE SETUP. NICE DEFINE STOP, WITH CLEAR TARGET AT THE TOP WHERE STRUCTURE HAS FAILED TO BREAK THROUGH TWICE. I'M MORE CONFIDENT OF THIS PAIR BREAKING STRUCTURE AFTER A SHORT PULLBACK BECAUSE OF THE PREVIOUS PRICE ACTION. WE HAD 3 LOWER LOWS (LL) AND NOW A HIGHER HIGH (HH). EVEN WITH THE LOWER LOWS, THE STRENGTH OF THE...