dojitrader

dojitrader

This trade is inversely correlated to my chart on UsdChf. Target area is 25 pips so it is up to the individual risk tolerance in where to enter. Price action is clearly corrective and overlapping. Just a question of where it will terminate and the trend down on the larger degree reassert it self. I'm hoping for the top of the channel area but, it looks like a...

dojitrader

As I write this may already be the bottom of wave 2 but, I'm hoping that 1 more zig or zag will finish the a-b-c correction with an entry @ .9100 or so. This would be into the more common 38.2 fib of wave 1 and an 1.272 extension of wave a. This is also near the bottom of wave 4 of one lessor degree - also common corrective behavior. Stops should probably go just...

dojitrader

Fairly strong resistance at 133.70 so anything over .618 retrace sends this idea to the dumper Since I can count what looks like 5 waves up in either an A or 1 leg I'll be looking for a bearish candlestick signal to trigger an entry. I'm skeptical on this one as this could be a correction of larger degree.

dojitrader

Good looking Gartley that fits well with Elliott Wave 2. bivan has it analyzed well: Bigger stops than I can usually handle - they must go above X in a Gartley. Maybe we could use the trend line in bivan's analysis for smaller stops. Above X maybe even stop and reverse ? Big profits in a wave 3 if this is a wave 2 top. I'm trying not to let my mouth water -...

dojitrader

Ending diagonal within an ending diagonal ? Has the little one finished and/or will the larger one complete. In which case you can trade the A = C --- 94.16 --- also the 50% retracement from the top at 95.70 OR lower your risk by waiting to trade the top of the trend line at 5 OR if that all misses set a stop limit for the breakdown below 93.80. To me this looks...

dojitrader

84.00/85.00 has been rejected 7 times in the last 18 months, albeit a couple of times with false breakouts, so I'm looking to take the trade if we get a double top with divergence. And, I do see the possibility of a right shoulder forming. *Not very symmetrical* I'm not a big advocate of head & shoulders they seem to appear like UFO's. So, I have very rigid rules...

dojitrader

Probabilities favor this time frame over my last post:

dojitrader

If 5 of C to form the complex corrective sideways price action is really the end then this is the beginning of an impulse wave. Even if it's another C wave - both can be vicious in there downward nature. Loonie likes to push the boundaries so the stops are larger but necessary to ensure a successful trade. Perhaps another pattern will emerge to target the entry...

dojitrader

Elliott wave looks pretty good for a short with very little risk to find out if I'm right

dojitrader

Takes two to make a market - Clen Trader - recommends a long. Sloppy three drives or maybe an ending diagonal ? Price action looks tooooo corrective to go much farther. Like the low risk to find out ~

dojitrader

Will the market honor these ab=cd harmonics or . . . ?

dojitrader

Sloppy Gartley but signal at 78.6 and 1.27 extension close by --- plus ab=cd and daily R2 confluence and s/l not too far away above recent high. Maybe another chance will present itself with additional divergence.