Saturday, April 27, 2013

Week 3 Analysis

AUD/USD H1 

EUR/AUD H4

EUR/CAD H4

EUR/GBP DAILY

EUR/JPY H1

EUR/USD H1

GBP/CAD H1

GBP/JPY H1

Possible inverted H n S on GBP/NZD Daily

GBP/USD H4

NZD/USD H1

USD/CAD H1

USD/CHF DAILY

My personal new template for measuring patterns' quality

Criteria for Cyphers
Strong support/Resistance - 1 point
Trendline - 1 point
78.6% - 1 point
R/R ratio minimally 1:2 - 1 point

Minimum point to trade = 2/4
 
Criteria for PRZ trades

Strong support/Resistance - 1 point
Trendline - 1 point
88.6%/78.6% - 1 point
AB extension near 88.6%/78.6% - 1 point 
BC extension near 88.6%/78.6% - 1 point
AB/1.27AB = CD - 1 point
R/R ratio minimally 1:2 - 1 point

Minimum point to trade = 3/7

Criteria for BAMM trades
Magnet to point D - 1 point
Breakout of Point B - 1 point
Strong support/Resistance - 1 point
Trendline - 1 point
R/R ratio minimally 1:2 - 1 point
Candlestick pattern - 1 point
RSI divergence - 1 point
RSI overbought/oversold - 1 point

Minimum point to trade = 4/8


Thursday, April 25, 2013

Wednesday, April 24, 2013

Perfect gartley short opportunity for GBP/CAD

Gbp/Cad H1


Rare perfect gartley(strong confluence) pattern on GBP/CAD.

Gartley - Eur/Jpy M30

Eur/Jpy M30

Short opportunity for Eur/Jpy around 130.00 level. Trade at your own risk

Monday, April 22, 2013

Reshort Gbp/Nzd

Gbp/Nzd H1
Got stopped out by a bit, stop loss could've better. Re-shorted on retest of downtrend line + a nice shooting star, this will be my last attempt on this pattern.

Gbp/Jpy long opportunity.

GBP/JPY M15

For those of you looking to long gbp/jpy, heres a long opportunity.

Sunday, April 21, 2013

Trade opportunity for USD/JPY

USD/JPY H1

Selling Usd/Jpy with a small S/L above 100.00 psychological level at 100.15 . Resistance is also seen at the red line along with few dojis. T/P at the greenline.

S/L moved for GBP/NZD

GBP/NZD H1

The previous chart i posted was wrong, changed the Point B in this chart but it doesn't really matter as we're still targeting the 88.6 level. Moved S/L to 1.8130.

Shorted GBP/NZD

GBP/NZD H1
GBP/NZD DAILY

Shorted GBP/NZD at 1.8109. S/L at1.8185 and TP at 1.7770. Willing to take the risk as its a g
ood R/R trade of 1:4+ plus there's bearish divergence shown on the daily chart.

Shorted Usd/Chf

Usd/Chf h4
Just shorted Usd/Chf at 0.93329. IMO its a trade worth the risk as theres a potential hidden bearish divergence with multiple resistance around point B - 100EMA + 200EMA. R/R is good too at around 1:3.

First chart of the week - Eur/Cad H1

EUR/CAD H1





Looking to short on clear break of PT B with stop at the red line and TP at green.