A possible Wolfe Wave setup has presented itself, giving us an opportunity to go short on GBPAUD. The missed daily and weekly pivots will drag the pair down toward its 1-4 profit line. A stop loss may be placed above the highs and profit should be taken around 2.07.
1.Risk/Reward-Looking at a nice set-up on 4 hour chart. We have a risk of 1:3 on the short side 2.Price-200 EMA offers a nice support/resistance as well. If you would look on daily chart, I have a downward bias on this pair. Again every trader who's been in the market for a while knows that you can't entirely predict the market. Needless to say that you already...
Haircut Notations on chart! Sinus curve right on track. If you agree with my chart(s) or just want to show appreciation - please... click the thumbs up in top left corner of the chart. I would really appreciate it! Thanks! TWUC @BLawrenceM Follow me on Twitter for intraday updates and scalp plays. I do my updates there. It's a lot quicker and easier...
Well the reason for the trade is written on the chart. We have strong volume, with a very large bullish candle that has virtually no wicks, which shows me the willingness of bulls to catch the gap at support for another push to the 132/135 area. Intra-Day chart: The Position: (Weeklys) AUG1 15 126 Calls - 15 Days to Exp. The Trade: Exiting at...
Theme, fundamentals, and technicals all point to higher highs for PANW. Theme: Not a week goes by without some new and more serious hack storming the media and forcing company budgets to accommodate increased spending on IT security. Both the threat of hacks and the increase in security spending aren't likely to recede anytime soon. Fundamentals: Off the...
Possible Harmonic patterns setting up Notations on chart! If you agree with my chart(s) or just want to show appreciation - please... click the thumbs up in top left corner of the chart. I would really appreciate it! Thanks! Trade What U C @BLawrenceM Follow me on Twitter for intraday updates and scalp plays. I do my updates there. It's a lot quicker and...
UPDATE #3: 2nd target has been hit. All positions now are now CLOSED for this setup. Good Trade overall :) UPDATE #2: Target #1 has been reached. Stops move to break even. UPDATE #1: Sorry for the late update everyone. The trade recently got active and the market has moved about +10 pips in the direction of our targets. Hello Traders, We've got a...
UPDATE #2: Hey traders, if anyone was still holding onto this trade, then BOTH of your targets have been reached. All positions are now CLOSED for this setup. UPDATE #1: Since we never triggered the entry on this pattern and the market has reached both targets. I will NOT be taking this pattern anyone, the pattern is still valid based on the rules. BUT...
Following up on a trade I’ve been tracking all week (see attached chart) the NZDUSD is now firmly in the “Killzone” that I identified & is showing 2 potential advanced patterns. The bearish Gartley pattern has already completed it’s D leg & there’s a potential bearish bat lurking a bit higher near that gartley’s “X” leg. Which one is “the best” to take? Well...
Sell the news. What goes up, must come down. FYI: Insider Selling Google CEO Lawrence Page sold 33,332 shares of Google stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $674.62, for a total transaction of $22,486,433.84. Following the transaction, the chief executive officer now directly owns 22,041,338 shares of the...
UPDATE #2: Stop loss has been hit, all positions are now closed. UPDATE #1: Trade is ACTIVE now. Good Luck to everyone :) Hello Traders, Here we got 2 really good valid Gartley patterns at 127.2% Fib extension level on FX:AUDUSD . In addition to these patterns we also have harmonic move completing at the same 127.2% Fib extension level. Also note that we...
Now another Attempt to Short the DAX. We have a bearish Candle which shows that Price was rejected from the Resistance at ca. 11800. Its not really a Engulfing, but it is enough for me to take this trade anyway. The SPX500 is on his all time High and shows also rejection of it: My last Short Trade wasnt succsesfull, so I take care and reduce my normal Lot Size...
UPDATE #2: Stop loss has been hit, all positions are now closed. UPDATE #1: Trade is active now. Hello Traders Here we've another potential 2618 trade setup that is close to completion but this time its on AUDUSD. Market has broken structure (previous LH), signalling a POSSIBLE change in trend at least for short term. See the chart for more details. I...
UPDATE #8: Hi everyone, sorry for the late update. Our 2nd target has been reached. All positions are now CLOSED. UPDATE #7: For traders who avoided being stopped out, your first target has been reached. Stop loss now moved to break even. UPDATE #6: For traders who placed their stop loss above the "previous resistance zone" you would still be in this trade....
BULLISH SHARK PATTERN - COMPLETE FIRST ZONE: S/L above 0.69000 Target 1 = 0.70450 - done Target 2 = 0.70800 SECOND ZONE: S/L above 0.67850 Target 1 = 0.69800 Target 2 = 0.70250 GOOD LUCK!
Setting up for a wave iii (orange) down of a 5th wave ...... soon, near 0.6182 retracement @ 138.26, EW type stop loss @ invalidation where it breaks upper channel line.