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Davidcallwood

EURCAD: 500%-1000% ROI Potential 500+ pipsAnticipating a bounce off the 1.4430 (61.8) area and a possible retest before a long move. If price action breaks through the 1.4700 handle with a nice impulsive move I will look to manage trade accordingly during correction for a carry of about 500 pips from entry at/near 1.4450. The objective is to target 1:10/15 risk/reward depending on stop loss of 50 pips or less. Even if price action still doesn't breakout of the 1.4700 handle initially, one can still walk away with at least 1:5 risk/reward by taking profit at/near 1.4700 area. Like and share...
Long
by DavidCallwood
5
CADCHF: Next Setup 250 Pips, 500 Pips then 750+ Pips Potential..Hi Traders, I don't typically trade this pair but I like the setup to say the least. Impulsive short move (a), followed by the current corrective price action (b), while i'm on the side lines waiting for the beginning (0.7660/700) of a possible (c) wave to the downside. Risk/Reward for this trade seems like it will be very good. Stop Loss, depending on how close to the highest point the trade is entered will have the potential to yield 1:6+R/R, 1:12 R/R or as high as 1:18 R/R if the trade is entered at the right place and managed accordingly. I wish you the best, If you guys have any questions or comments PM -0.14% me or post below. Like if you are considering taking this trade...
Short
by DavidCallwood
EURCAD: STILL LOOKING FOR A DEEP CORRECTION 500 PIPSSeveral forms of analysis come together in this picture... WAVE ANALYSIS: 5 wave down then what seems to be a wave a/1, an expanding triangle/wave 2 of an possible abc correction. SUPPORT & RESISTANCE: Price action found support/buyers at/near the 1.4430/00 handle bouncing off the 61.8 fib level (confluence) with consideration of divergence in play. FAMILIAR PRICE ACTION PATTERN: 3 Point Turn (3 green arch's) which I would trade the same way each time it is presented. I mention a few forms of analysis for one reason only.. AS A TRADER YOUR PERCEPTION IS YOUR ONLY REALITY, FIND WHAT YOUR FAMILIAR WITH AND USE THAT AS YOU'RE EDGE. AND EDGE ISN'T NECESSARILY KNOWING WHAT OTHERS DON'T, BUT IN MY OPINION... A REAL EDGE IS BEING ABLE TO CAPITALIZE ON WHAT YOU DO KNOW. What is your perception and what perception is you're reality ? There no wrong way to view the market, only wrong ways to trade it... Trade with care.
Long
by DavidCallwood
8
AUDUSD: Short 300-600 pips Potential Next Down MoveReally simple, AUDUSD broke below 0.7690 with impulsive selling then found buyers at a trend-line support (0.7550), anticipating a pullback of price to return to the 0.7690/80 area before continuing lower. The first target 0.7550 200+ pips (prior swing low on the 240 chart). with 2nd target being 300+ pips. Entry 1: Sell 0.7690/80 if price action retraces Entry 2: Sell 0.7545 if/as price action breaks below. Safe Trading... TRADE FAMILIAR PRICE ACTION SETUPS, THIS CAN SAVE YOU A LOT IN THESE MARKETS.
Short
by DavidCallwood
4
NZDUSD: ANOTHER 340 PIPS SHORT / IN CORRECTIVE PHASE NOW.The most recent impulsive move (380 pips) was to the downside, which also broke a prior support and trend-line support. Looking for price-action to return to 0.6850/0.6900 (completing a flat correction) before continuing to the downside. This move can put a few pips on the score board, about 40-80 pips if you buy at current market but I anticipate the next impulsive larger move will be to the downside, my preferred trade if price action trades to the 0.6850/0.6900 area. However If price action breaks the 0.6710 level first, I will be selling, only sooner. This is a 4 Hour chart so allow for the trade to manifest itself and be a patient trader... Wait for the chart to show you something familiar because price action doesn't move in a straight line !
Short
by DavidCallwood
1
EURAUD 200 Pips - Potential for 500%+ ROI 1:5 Risk Reward#OnMyRadar... My Market Opinion: 3 Point Reversal which involves a swing low, followed by a lower low, then a higher low. In addition what I am seeing is a possible WAVE 2 completion which can lead to an impulsive WAVE 3. All things considered, I am currently a buyer in this market from 1.4550. NOTE: Use a proven method that has worked for you. I hope this helps you in anyway, if you have any questions just ask or comment and please HIT LIKE! if you agree. Thanks.
Long
by DavidCallwood
2
NZDUSD: Wave 4 Triangle (corrective structure)We have been presented with a wave 1-2-3 and an almost completed wave 4 triangle (corrective structure). Waiting for a pullback and failed break/test of the *ACE-Line* (upper channel/trend-line resistance) of the triangle to sell short or a break below the *BD/support line/lower channel to get short. *NOTE* If price action produce and impulsive breakout above the ACE-line it cancels this bear move in the short term. Trade responsibly and with a proven method and/or strategy that works for you. If you would like to see more frequent posts, please press LIKE .
Short
by DavidCallwood
1