Our trade plan says to trade each and every pattern that occurs other than on NFP days. Keep your stops rigid which limits your exposure and make sure your risk management is bang on. We only risk a maximum of 2-3% per trade of our account.
A further cypher pattern this time to go short. Completion falls around nice structure so hopefully that will add credibility to the trade. A move to the upside will likely see the pair move towards being over bought. Keep a look out
This pattern only just fulfils the rules but B does just fall within the .382 level so it is a valid pattern. However, uk data recently has been poor and goes against this pattern. Further to that completion sits just above a support zone, if it breaks through it may continue to fall and make further lower lows. We only need a small retracement however, Trade your...
As you can see this strategy works for commodities as well. You can see here though how having a strategy in place to maximise profits can make the difference between a highly profitable strategy and one which just ticks over. Cut losses short and let profits run. Good luck !
Here is another example of the engulfing strategy which at the moment is going the wrong way. Stops must remain rigid and slightly below the engulfing candles wick low. Targets are fluid once t1 has hit.
As usual 1:1 risk reward, move stops to t1 and then aim to maximise any profits. Lets see how this one plays out !
Bearish Bat formation potentially nearing completion on audcad. AUD/CAD is one of our favourite pairs for advanced pattern trades so we will watch eagerly to see how this plays out. If the pattern completes both stops and completion are around previous structure, RSI moves towards over sold and the last day has seen some consolidation on the 15 min chart so...
Here is a trade we are in at the moment. Current risk reward at 1:1, red line indicates a better target for risk reward based on previous structure, 4 hr chart shows trade as a continuation, daily looks as though it is bearish although we only want to take a short term position here. See how it pans out. Good luck
No one is right 100% of the time, anyone who claims to be s is false. As with all things its about managing risk and ensuring that you don't over expose yourself to the market. Even at a 60-70% historical win/loss things can change very quickly or you may see significant drawdown before you come back into profit. Therefore it is important your account can...
Gartleys are one of our advanced pattern formations and although they do not offer the win/loss of cyphers (according to our testing) they do usually offer a better risk reward. This pattern is a prime example of a gartley rules wise, .618 retracement of x-a without touching .786. B-C a retracement of atleast .618 but can not exceed previous swing high. Finally a...
This sneaky devil tried to evade notice earlier, initially tried to test stops before hitting t1, hopefully some more in it
Bears may take further hold here, we like the potential of this trade, previous engulfing completed In profit. If you zoom out on the timeframes it would be a trend continuation opportunity. The only draw back may be that the nearest kind of structure occurs before target 1 and as such would then mean a less than 1:1 trade. As always follow a plan either set a 1:1...
Bearish cypher coming towards completion, as usual stops at 1.113 extension of A-X. Targets at a fib retracement of C-D - 0.382 t1 0'618 + t 2 good luck
Long and wrong at the moment, where do you guys think itll go in the short term
AUD/JPY has been on a bullish run for most of may, this signal however looks to take advantage of a potential short term retracement, as always money management is key, risk reward in this case is at 1:1 given that no recent obvious structure is present. Will be moving stops to Target if it hits, keep them tight at first. Lets hear your thoughts ! Happy trading
Its rare to see technical analysis on here for soya futures so have a gander at this and see what you think. Bullish cypher is almost at completion and with extremely poor yields in argentina, Chinese tariffs and an array of further complications this year, perhaps this looks a likely call for longer term soybean meal. Should the position fill expect an extended...