Helloandtrade

Helloandtrade

So if you dont know i like the head and shoulders pattern there is something really familar with the psychology of the trade on this pattern. heres the confluence: 1. HSP 4h 2. Market structure on 1h and 4h time confluence 3. candlestick analysis BE 4. failure zone on Right (S) 5. Bear structure 1h

Helloandtrade

I frequently see this pattern show up all the time on any currency on any stock or future that i have traded i have seen this pattern time and time again. Specifically trading options on NADEX we can have some theta that can help us with risk management. I try and catch the right shoulder that provides us the greatest opportunity- Which gives us one of three way...

Helloandtrade

I believe this pattern will play out for the bears also head and shoulders pattern play really great in Risk reward as well as a high probable trade for binary options as well as spot trading opportunities: I also know there is a lot of confluence at the level of the left shoulder failing already as i type this. i will put my SL into TP . i have a bearish...

Helloandtrade Updated 

Fundamental Analysis i will start out that there is a GDP q/q 1:30am PST 4:30 Est i believe that news will ultimately be bullish outcome for 6-14 hour Time of expiration of purchase which i will buy in nadex one ITM(in the money) and one OTM (out the money) binary trade: Here is why i think fundamental is expecting a bullish outcome on fxfactory the forecast is...

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Fundamental Analysis: We have RBA Gov Lowe Speaks which more likely than not is hawkish for this pair so im expecting for a somewhat good push and while im writing this at 4pm pst it is pushing down now: however im expecting a push for the downside next 6-14 hours or staying negative percentage of gain in the aud/usd pair Technical analysis: we have a break of...

Helloandtrade Updated 

So here i will break down the current fundamental analysis and Technical analysis for AUD/USD: im expecting a Push in the bullish side heres why, First looking at Fundamentals We have Retail Sales m/m coming out if you look at previous data its usually a 20-35 pip move in previous data in either bull or bear market. Now with that being said its FC (Forecast) is...

Helloandtrade

im still practicing and this is for the better of my own education, i want to begin trading using elliot wave i took the most relative high and begin plotting were on wave 4 i believe that price can cont on to wave 5 and tp will be set at 1.28500 area

Helloandtrade

so we see that structure previously broke a 1h high and did a retest with a solid engulfing pattern candlestick: i honestly think this can be a swing trade over the course of the next 2-3 days for a strong buy: i have my stop loss in place as was and i have my targets mark we will wait and see what happens if this means trend will continue with the break or not

Helloandtrade Updated 

So i have Current market low @ 78.500 i will take this trade back at the retest and have my SL at prev market high at 78.575 which is a 7 pip sl and a gain of 250+ which is about a 2.5:1 ratio which i will take; with that being said im still waiting for it to retest this area i could have entered on the 5 min chart but i missed it so im awaiting if trades does get...

Helloandtrade Updated 

So we seen price breakout the low and then give us a retest at 0.69730 area on the 15min and failed to break back up above it meaning to me that price should still continue further down to previous market low @0.69200 and i have my stop loss at previous market WICK high which is at 0.69910 meaning my ratio is a is a 7:1 i will keep posting simplicit trades as...

Helloandtrade

so to begin with we have a engulfing pattern on the monthly to give us a bullish bias BUT WE DO HAVE MOVING AVERAGES SAY WERE BEARISH, we have a weekly bullish bias but we do have broken structure on the 4h and 1h for a bearish bias, i do have my red key support and resistance and i do also have quarters theory and a Fibonacci on my 4h so were going to have to...

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We have a sell on the 4h and showing a divergence on a 1h, we also are in confluence with the Daily chart as well which gives us a better reason to sell off the 61.8 and get back in the daily trend. We have a trend line break on the one hour as well as a possible head and shoulder forming on the 1h so to sum up reasons 1. Daily confluence BEAR MARKET 2. 4h 61.8...

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read from last post but the last candle is a continuation candle

Helloandtrade

Bear Market confluence off 4h market structure and a key quarter price and fibonacci ratio off the 38.2, also moving averages showing were in a bearish market and structure showing l.l

Helloandtrade

we can expect gold to rise to 1315.18 we have a break of structure on 4h and a ma cross along with a ascending triangle. We also have a 61.8 touch on the 4h so im expecting a bullish run for the next day or two maybe till next week

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sorry i havent posted in awhile been busy, but easy ab equals cd reciprocal setup will update tomorrow on how it plays out to the 1.618

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Multiple confluences in play, awaiting for a 38.2 bullish candlestick variation or a 61.8 bullish candlestick variation. WE ALSO Have a Psychological level at a major Quarter in play at 1321.00 at the 38.2 fib and 1319.00 at 61.8 we will wait till a candle stick variation happens at one of the major quarters and wait for a play at one of the Fibonacci PRZ. if we...

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You know me by now i like it to keep it straight to the point on why i took the trade 1. MarketStructure is telling me that we are in a bullish movement and have broke our previous high and looking to make our next lh to follow a buy 2. We are waiting for a fibonacci play off the 38.2 or 61.8 3. There is a supply zone at 38.2 or 61.8 4. Wait for a Candlestick...