bmck1

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Joined _bmck1
Markets Allocation
79 % forex 21 % other
Top Mentioned Symbols
XAUUSD 12% | 3 EURGBP 12% | 3 USDCAD 8% | 2 GBPUSD 8% | 2
bmck1 bmck1 PRO XAUUSD, W, Long ,
XAUUSD: Longer term position outlook for XAUUSD
88 0 2
XAUUSD, W Long
Longer term position outlook for XAUUSD

Looking at a potential scenario here over a position trading timeframe (weekly) on XAUUSD We seem to be holding a relatively key Fib 'area' on the W1 chart at the moment (38.2% & 61.8% of the recent upwards moves) - with this in mind I'd like to see a continued rally in this metal to hopefully re-test the highs of last year and if we can break above then ...

bmck1 bmck1 PRO EURGBP, 60, Long ,
EURGBP: EURGBP - Bullish Cypher pattern at market now
40 0 3
EURGBP, 60 Long
EURGBP - Bullish Cypher pattern at market now

Another pair I am currently backtesting so not trading live funds on this particular opportunity - however there is a bullish Cypher long entry at market now on the Euro/Pound. Ultimately I am more bearish on this pair than bullish - looking for this to trade lower towards the .8700 level, but as the famous quote/book says "Trade what you see..." Good luck to ...

bmck1 bmck1 PRO GBPCAD, 240, Long ,
GBPCAD: Early call on a GBP/CAD rise?
45 0 3
GBPCAD, 240 Long
Early call on a GBP/CAD rise?

Possible longer term here bullish opportunity on the Pound/Canadian. The GBPCAD has recently broken out of a down trending 'channel' on the H4 chart, and coupled with the recent explosive move after the BoE's interest rate comments last month, we might be seeing an inverted head and shoulders pattern potentially forming as well. Looks like a little bounce at the ...

bmck1 bmck1 PRO EURCHF, D, Long ,
EURCHF: Longer term idea for the EuroSwiss
30 0 2
EURCHF, D Long
Longer term idea for the EuroSwiss

A longer-term bullish idea on the EURCHF - D1 - This pair looks to have recently broken out of a trading channel to the upside, I'd ideally like to see some sort of pullback to re-test the top of the channel & possibly the bullish trend line before looking to get long. Ultimately there is some Fib confluence in the yellow area on the chart, which also happens to ...

bmck1 bmck1 PRO EURGBP, 60, Short ,
EURGBP: EURGBP - H1 - Short Opportunity
54 0 1
EURGBP, 60 Short
EURGBP - H1 - Short Opportunity

Following on from successful short and a big move down after breaking through the neckline of a H&S pattern up at the recent highs, I'm still favouring a little more movement to the downside on this pair when the recent fundamentals are also taken into account. After the most recent move down, we have been consolidating in this sideways market for a few days. We ...

bmck1 bmck1 PRO XAUUSD, 240, Short ,
XAUUSD: XAUUSD - H4 - Potential Short Opportunity
113 0 2
XAUUSD, 240 Short
XAUUSD - H4 - Potential Short Opportunity

We have recently seen XAUUSD break out above the key $1300 price level which has contained the precious metal for the best part of a year now, however, the momentum to the upside might be weakening (if only temporarily) as we have just put in a new structure low on the H4 chart, violating the previous outside return of the bullish move up. We are currently ...

bmck1 bmck1 PRO USDCAD, 15, Long ,
USDCAD: USDCAD - Bats on Bats
49 0 4
USDCAD, 15 Long
USDCAD - Bats on Bats

One active bullish Bat pattern on this pair already on the 15 minute chart (to the right), with a possible second bullish Bat pattern currently forming on the hourly chart as we continue to anticipate the Fed later on.

bmck1 bmck1 PRO EURUSD, 60, Short ,
EURUSD: A couple of options for EuroDollar shorts - H1
103 4 5
EURUSD, 60 Short
A couple of options for EuroDollar shorts - H1

There could b a couple of different shorting opportunities setting up on the EuroDollar this week. The first one I'm interested in would be this bearish Cypher pattern, using standard pattern entries & targets. Within the C-D completion leg of the Cypher pattern, there is also the potential for an equal measured move, which would then complete up towards the ...

bmck1 bmck1 PRO GBPUSD, 60, Short ,
GBPUSD: Potential H1 2618 setting up on Cable
123 0 2
GBPUSD, 60 Short
Potential H1 2618 setting up on Cable

Overall I'm looking for some relief on this pair given the recent rally. One potential opportunity to get involved on the short side of this pair could be a 2618 trade entry as shown on the chart. Definitely not the cleanest double top here, but matched with the bearish RSI divergence could be setting up a nice 2618 short. If price can come back up into that ...

bmck1 bmck1 PRO GBPUSD, 60, Long ,
GBPUSD: GBPUSD - H1 - Elliot Wave
146 0 3
GBPUSD, 60 Long
GBPUSD - H1 - Elliot Wave

We have seen quite a rally recently on GBPUSD with various fundamental changes spurring the explosive move upwards. Elliot Wave is something I have not really used before but am starting to look into it with more of an interest as it seems to be quite a powerful tool when the time comes. From my basic understanding of it, we might have just completed the 5th leg ...

bmck1 bmck1 PRO EURCHF, 60, Short ,
EURCHF: EURCHF - Rounding top, Fib confluence & AB=CD possibly underway
45 0 2
EURCHF, 60 Short
EURCHF - Rounding top, Fib confluence & AB=CD possibly underway

Looking for a Short trade here on the EURCHF - H1 chart. We've recently been tracing out a sort of rounded top formation which I feel may be an indication that we might be headed lower here on this pair. If we measure out the larger Fib retracement of the previous move up, and a Fib extension of the initial move down that followed, we can see that the 61.8% & ...

bmck1 bmck1 PRO EURGBP, 60, Short ,
EURGBP: Relief or reversal? Either way, I'm interested.
61 0 3
EURGBP, 60 Short
Relief or reversal? Either way, I'm interested.

A quick look through the charts before shutting down for the weekend and I saw that this pair has now broken and closed below the neckline of a H&S pattern on the hourly. Looks like the comments earlier in the day out of the ECB might have stirred the pot a little. This pair has had quite a rise recently, could this be the start of a reversal of trend? or simply a ...

bmck1 bmck1 PRO USDJPY, 60, Short ,
USDJPY: USDJPY - H1 - Bearish Bat & 2618 - Double whammy?
92 0 4
USDJPY, 60 Short
USDJPY - H1 - Bearish Bat & 2618 - Double whammy?

Patterns have been good in the last few days on the USDJPY -0.10% and it looks like we might have another forming as we speak. Aside from the advanced patterns, we have recently put in a double bottom with RSI divergence at this lower level, price has now broken and closed above the 'V' of the double bottom and looks to be taking some relief at the moment. This ...

bmck1 bmck1 PRO XAUUSD, 60, Long ,
XAUUSD: XAUUSD - H1 - Potential Bullish Bat Pattern Forming ?
36 0 2
XAUUSD, 60 Long
XAUUSD - H1 - Potential Bullish Bat Pattern Forming ?

Another potential bat pattern currently in formation here on the XAUUSD hourly chart. If we see price action coming back down into the low 1270s area, then I'll be waiting to buy it up! :) Could see some choppy movement though over the next days/weeks as news on Trump & NK & the Fed etc.. evolves. Lets see where it takes us!

bmck1 bmck1 PRO NZDUSD, 60, Long ,
NZDUSD: NZDUSD - H1 - Potential Bullish Bat? Check your data!!
45 0 2
NZDUSD, 60 Long
NZDUSD - H1 - Potential Bullish Bat? Check your data!!

We are potentially tracing out a bullish bat formation here on the NZDUSD hourly chart. There is a veeery deep C leg though so make sure you check your data on your specific trading platform. For me, this pattern is still valid but could be a different story entirely on other brokers/platforms.

bmck1 bmck1 PRO NZDUSD, D, Short ,
NZDUSD: NZDUSD - Daily - Possible Head & Shoulders pattern in progress?
69 0 3
NZDUSD, D Short
NZDUSD - Daily - Possible Head & Shoulders pattern in progress?

It looks like we could be tracing out a head and shoulders pattern here on the Daily chart for the Kiwi/Dollar. I don't usually trade the pair on the Daily timeframe, but wanted to put this idea up anyway for anybody looking at more of a longer term trade (i.e. longer than intraday/intraweek timeframes). Potential targets, if I were in this, initial target 1 ...

bmck1 bmck1 PRO XAUUSD, 60, Long ,
XAUUSD: XAUUSD - H1 - Potential Bullish Bat Formation
73 0 3
XAUUSD, 60 Long
XAUUSD - H1 - Potential Bullish Bat Formation

Potential bullish Bat formation here on XAUUSD - H1 chart. We'd need to move quite some way (about $30) in order to hit the D completion so not something I'm expecting to trigger anytime this week if we make it down there at all, but in case we do, I'll be waiting! :)

bmck1 bmck1 PRO GBPUSD, 60, Long ,
GBPUSD: GBPUSD - H1 - Possible counter trend move up here on Cable
90 0 2
GBPUSD, 60 Long
GBPUSD - H1 - Possible counter trend move up here on Cable

The overall trend is bearish but looking for a bullish opportunity here back up into some previous structure where other traders might be looking to get short again. We have several tests of the lower levels here, and have been consolidating a bit in a rectangular channel which we seem to have recently broken out of. Would be looking for an entry reason around ...

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