Harami
LONG PLD BREAKOUT RETEST FROM SUPPORT WITN NICE HARAMIENTER 54.86
STOP 53.67
TARGET 66.81
BEWARE OF THE RED LINE! MOVE STOP LOSS TO THE BREAK EVEN AFTER START.
Soybeans Doji Series with HaramiMay Soybeans has formed a series of long legged dojis at the end of a completed bullish Butterfly that are rising. This could be a rising flag that will create further downside selling, or turn to and upward movement. Waiting for confirmation. Open Interest is slowly rolling suggesting a turn, and RSI is very bearish. Today marked a harami reversal pattern. We are forecasting a Gartley as next pattern to resistance at 1036
Live Cattle HaramiDecember Live Cattle has created a harami bullish setup. Projected rise to 103 or above. Live Cattle locked in a horizontal pattern. The down slide Firday did not get to 101.375. Support comes in at 101.500.
WTI Oil - Bearish Harami PatternIn this moment, we have a nice bearish harami pattern on the daily chart, this means that the retracement might be end.
For confirmation, we must wait when candle is complete.
The High of the second candle of harami pierced 61.8% Fibo.
We have two signals for a bearish move and we could think that bulls run out of their force to push up the price.
My forecast is based only for technical analisys, maybe with some fundamentals price could run up.
If you have the same or different point of view or forecast, leave a comment below.
Thanks :)
Bund (DE10YBEUR) - bullish signals in trendAfter an analisys, on the weekly we can see how the price shape a bullish harami.
Going on the daily chart we can see that the price action in trend has started with a doji that will be a resistance point.
Now we are a bit late with time for entry but the price pierced 38,2% Fibo.
Anyway, I think we can go long with first target at the other Fibo level at 164,78 price level with SL at low of the doji.
I'll glad if someone will give below suggestions or his prospectives.
Thanks.
Confirmed Bearish Harami Nice signal from the resistance, enhanced with trend breakout.
enter 122.01 (or lower)
stop 125.40
target 90.30
Confirmed harami signal from resistance lineconfirmed sell signal
1st target 165.09
2nd target about 149
stop at 172
NZDJPY Double Topdouble top formed on the 4h chart , harami candel stick formed giving confirmation on a trend reversal.
Channel trading with AKPCheck out mercuriusam.wordpress.com for more ideas
Last week Alliance California Municipal Income Fund Inc. let off some bullish steam when double top has been formed and the price declined to the lower boundary of the channel. Despite the channel violation down a bullish harami pattern came into existence and the stock returned back to the channel giving a hint that upward motion is not yet finished. Next session proved to be bullish when it opened gapping up.
Candlestick patterns which appeared during last two days trades proved the channel validity and open brilliant opportunities for bullish trades with TP near the upper boundary of the channel.
Fist's Wave Trend - StochRSI - Harami KillerJust a combination of indies. The faster moving StochRSI can be used a trigger signal for Wave Trend confirmation of Price Action. Interesting to play with settings on different time frames - as always, whatever works for you. Can probably be helpful for binaries from 1M upwards.
Fist's Harami Killer v.2 with EMA6/100Just a tweak on the orginal with clearer bull/bear harami arrows. No suggestion on how you should trade it - it's just an indicator, not a strategy ! For 1m and 2m binaries, it's quite good at picking out next candle, but most with trend . Anyways, nothing to write home about. Trade smart.
Fist's Harami Killer with EMA6 by the Fist of KhanSimple harami and doji indicator adapted from Repo32 Candlestick Identifier - a great piece of work and awesome respect to the originator. This script only shows harami and doji for use with Heiken Ashi in above/below comparison to traditional candlestick chart.
It leaves a clean chart without too many distractions so you can concentrate on price action.
A useful indicator for trading next candle/s in direction of trend off doji or harami. Use Shiva Krishnan's EMA6 method for additonal confirmation.
Publishing at 15M but works well on shorter time-frames.
Please do not just follow the dojis and haramis - general price action needs to be taken into consideration, of course. And please test your own strategy.
Reverse Harmonic Trade with Harami sell signalI'm going to have to come up with a better name than Reverse Harmonic Trading. After a Harmonic pattern has hit all its target profits (ie. your late to the game) I look for support and resistance levels plus Candlestick reversal patterns especially after big price movement that's loosing steam. So far so good. Caught 10 pips out of this pullback after the Harami sell signal.
Reverse Harmonic TraidingI saw this setup where all the target profits of this Bullish Gartley were met but noticed a Double Top pattern forming. I decided to analyze this setup and found Commonality Zones at two different Fibonacci points (78.6%) that were acting as Resistance.
Also, I spotted a Harami Candlestick pattern that acted as my sell signal. Overall this trade reached my conservative Target Profit of 20 pips but went further South for more.
I'm very happy with this outcome and with the progression of my Technical Analysis skills.
MRK Tight Consolidation Break - Long/Short (SAR)As I point out in the chart, MRK is in a very tight consolidation here. With the RSI holding inside of bullish territory after it's recent bounce off the 150EMA it has run into previous resistance. This resistance coincides with a sort of ascending triangle based on the higher-lows it has been making since March '14. This pattern comes to us after a long run up from Nov '13, leading me to have a bias for this play to the upside.
The goal here is to watch it intraday and get long one tick above the most recent bar high ($59.37). Alternatively, we will get short intraday at one tick below the most recent bar low ($58.89) and holding it short expecting a bounce off of the resistance.
The idea is to SAR (Stop & Reverse) the position on a close one tick above/below the same high/low, depending on how we entered.
This means we have $0.77 cents of risk either direction. With a target on the downside around $56.30 and to the upside $64.75 by conservative estimates, that gives us a favorable risk reward. All said and done, the thinking here is that with this tight consolidation at a key level, a big decision will be made here in the coming days, that will make a big play for us. What happens after these candles could be the deciding factor, and we may even see a candle that reinforces one direction over the other to help us in our decision.
MTF Analysis: EURUSDSimply put, the Euro has been declining for virtually all of July. Demand has been weak and support levels have been broken time and time again. From my POV, this is the first Bullish RSI divergence on the Daily in quite some time. The divergence came with some interesting PA as well:
July 30 and 31 presented two Hammers, followed by a Bullish engulfing pattern. This was soon negated with a Harami then drop in price. As the Bears tested the Hammer's low, there was an intraday break but price couldn't close at the new lows, giving us the Divergence. The 4 Hour shows us this PA in greater detail as well as presenting two trading opportunities.
1. A long on the break of the Harami we've formed.
2. A long on the formation of the Alternate Bat pattern.
The ALT Bat is not one I've traded too many times and Bat's structure isn't as symmetrical as I would like. Neither trade is with the major trend so I'll pass.
Whether or not the divergence and recent inability for price to go lower is indicative of a correction or trend reversal remains to be seen. I'd feel more comfortable taking a short if we do see rise in price or on a retest of another failed support.
