maxw3st

maxw3st

The pair is currently working higher on DXY strength. Given the daily trend, which looks like a long bear flag, this one should make a good short whenever DXY has a weak phase.

maxw3st Updated 

The 4hr shows a good short setup right now after Friday's close. It may move a little higher for a better entry, but the trade should net 300—400 pips. A close above support negates the short and may make a good long to the top of the range, also 350—400 pips up. Should it go in that direction a move higher to a new zone becomes possible if it breaks resistance.

maxw3st Updated 

AUDUSD is making a bottom at the pair's historic bottom zone. The current wave is not yet finished as far as reaching its bottom. A trade will be initiated once it does. Currently there is a limit buy order sitting at 0.6852. With luck it will get filled; however this is not really expected at this time. More likely there will be an entry somewhere around the...

maxw3st Updated 

The idea is to take advantage of the top of a wave and ride it down.

maxw3st Updated 

This is round three for this one. This chart is just to give a little perspective on the trade. This one is currently on a bear flag. It looks like waves going up a ramp on a weekly time frame. The trade was started at 1.33399. Initial goal is around 1.3466. This is a possible level for reversal of the weekly trend and return to the monthly down trend. Should the...

maxw3st Updated 

The pair now has a completed reversal on a 4hr chart. The trade was entered long at 1.3307. Previous waves in this series have all been in the 800—850 pip range. Here the trade is starting about 200 pips up from the bottom. I will simply follow the trend and see how far up it goes. A look at the weekly shows this pair is about to fall off a cliff any time, so...

maxw3st Updated 

Currently holding short at 1.66808. Another will be added on return to the 1.6257 area. A third will be added if a higher top is made (double or triple). The current trade will continue down to the first profit zone at 1.5274.

maxw3st Updated 

I want to be able to watch this in retrospect as the next few months go by. This battle right now is worth quite possibly 1450 pips. Either down from here, or up from the bottom of the consolidation formation on the daily or weekly.

maxw3st Updated 

Entered at 1.1319. Target 1.0946. SL 1.1680—there will be no letting them off the hook on this one. Plenty of margin available.

maxw3st Updated 

uc went through a trend change on a small time frame. It has yet to be confirmed on this 4 hr or higher time frames. I entered when the second wave section up produced a higher low. The stop is just under swing low support at 1.3296. If hit it indicates trend has changed again and the original short comes into play. This wave should reach about 1.3711. Initial...

maxw3st Updated 

Shorting relatively short term to finish off the current trend/wave. target ~1.1124. SL above the hi.

maxw3st Updated 

Still waiting to confirm the move down. But, it's very close. Just need to see a break and hold of support at the lowest shadow next to the current candle. Short from 1.3422 and will add as the opportunity arises. First main target is ~1.2290

maxw3st Updated 

This is a close up of the previous trade currently in progress. Just want to a 4hr record to go with the wkly.

maxw3st

Short from 1.3422. Longer term target 1.2290, but will just ride the trend till it ends. This one is due to reverse, but it may just go the whole 1400 pips down like its predecessor. SL is a close above the retracement high 1.3468.

maxw3st

This pair is following a pattern, which will probably not last, but looks to be starting a down leg. The last was about 16 weeks and well over 1,000 pips. I expect it to drop into a trend reversal. The time base of the second ramp up is a good bit longer than the first. This is an update to the previous to see how reality tracks with the ghost...

maxw3st Updated 

This pair has been following a pattern on the weekly. While I don't trust patterns, this one is remarkable and represents a possible 1700+ pips. Lower time frames show a possible break happening now.

maxw3st Updated 

on the way to 1.09 it looks like 1.1258 may be tomorrow's target.

maxw3st Updated 

the pair has finally broken upward from the consolidation zone . I need 1.6450+ to add to a short. this action may finally get us there.