Ideals
(mp) Bullish Bat on 1 hourHi guys, I've taken a trade on EURJPY but was not in time to share.
Got in at Point D, which was at the completion of the pattern.
As usual, I like to give my stops 5-8 pips below point X and
the pattern appears to be counter-trend by nature so, I am targeting
T1 at 38.2% to exit fully.
(MP60) A Bullish Bat on AUDUSD 60minA bullish Bat has form up on the 1 hour chart for entry.
Usual rules for Bats are Entry on 88.6% and stop below point X.
(I try to place stops from 5 to 8 pips typically trading 1 hour chart.)
i'd look to exit on 32.8% fully as AUDUSD is bearish short term.
You can skip the trade if you feel uncomfortable, but I try not
to cherry pick.
(OP) Short de CrudeHi guys, if you are trading crude i'm not sure if this is helpful?
Sell limit order below the red box, stop above the red box.
Target 1:1 first then aim for the retest for low at $47.52.
(OP) A downtrending short opportunityI am now aiming to short the EurGBP as a fresh down channel has now formed.
So, what i'd be looking at is a pullback to the previous structure, marked in red.
Aggressive entry will be to queue limit to short and set stop loss to above red zone.
Defensive entry you can look to 1 hour chart to watch for reversals. "Lower high, lower candles"
Entry in for this pattern as mentioned earlierNo tricks no magic all you need is? Patience! Let's see how it goes from here.
Getting near to T1.
Took half profit on EURUSD Bullish Bat and half breakevenJust to keep everyone in the loop, i am waiting for a deeper retracement and its pattern.
However the 15min one is still valid until Point X is broken so have to decide carefully!
(MP) 15 min and 60 min Bullish BatHi everyone, found 2 bullish Batman both on 15 min and 60 chart.
Again, entry at point D, stop loss below point X.
Target 1 38.2% and Target 2 is 61.8% retracement from D to C point.
Good Luck!
(MP) Potential 60 min Bullish Bat A bullish Bat formation has formed. Entry is slightly above Point D, stop is below point X.
Exit is on T1 at 38.2% and T2 at 61.% on retracement from D back to C point.
Fulfilling a promise to share my trading Part 2Hello everyone, i haven't been publishing much this week due to some platform migration issues. So, keeping my fingers
cross that all will be resolved next week, Now, i'd just concentrate on delivering my educational series and hope to
continue to benefit the trading public.
In the first part, i shared a very simple momentum trading strategy. Simplicity works and allow you to make quick decisions
if you are doing day trading. However, it does work on longer time frame as well. Do your own back testing and see how to
make a strategy yours.
So, after the strong up move, which i defined as the "impulse" move the instrument will come to a point where it loses the
momentum. Profit taking, sellers taking up new positions, some news announcement whatever the case is. It doesn't really
matter why. As a trader my thoughts are: "i want to go long assuming a longer uptrend is forming". Start to build a case
around it. You can be on the sell side if you want to but my experiences tells me the chances of it going higher is there.
What if it doesn't? Well, that is why I have a stop loss in place.
So, if you refer to the chart above, the market is in the 3rd stage of the impulse move. Usually from the 3rd to 5th move,
i don't bother too much until the uptrend line broke. So, the market has pierce through several structural resistances before
a nice shooting star formation ended the impulse up move. Why do i still want to long? Again simplicity is at work. As long as
the previous "New Structure High, Higher Low" remains intact my view does not change. There are tons of information which
you can google on these terms. Feel free to study it.
I'd be back on Part 2.1 with the actual trading plan as soon as possible! Till then, try to understand not the trading but how i
shape my thinking before i trade it. Nothing is more important as developing the thought process.
(MS)(MP) 2 ways to trade ES 240 MinsHi everyone, sorry for slow ideals presented. I was taking a break myself, after bouts of O.T trading.
Ok, so coming back to the market in Asia time, i am doing my usual analysis on ES and found 2 ways
to trade it. After the recent low has been form, ES is now consolidating.. I don't want to try predict
will it form a new multi year high, or it will be of a longer term toppish sign.
So, a gartley pattern nicely with a structure resistance based on the previous zones. Point D will be the
short price, with D to C retracement 38.2% and 61.8% as target 1 and target 2.
If you remain bullish, try to go long on the structure support highlighted by the blue zone. Target 1:1
first, move stop to break even then see if you can exit at previous structure high.
Good luck for the week ahead!
(MP)(MS) A case on the USDMXNMany stuff to trade. Aha don't be afraid to miss out just have to wait patiently.
We have a longer term bearish Bat on the 4 hour chart, a bullish Bat on the 1 hour (violated so not counted)
and a sell zone. Those who feel MXN have strength against the USD, you can attempt a structure short
as shown by the red arrow pointing to the red zone.
I had miss the entry earlier on but there was no expected lower high lower low close
in the zone because i am conservative on Labour day. Could have place the entry directly
on the low of the red zone and stop above it.
(MS) USDCHN 60 min shortDear readers, sometimes futures trading can be very dry as we could only pick what the
exchanges offers. I'm not going into technicalities on all these as i presume everyone should have
good or better knowledge then me.
Do i trade with market marker? Yes i do. It's just too many work to be done on myself everyday thus
i can't publish so much at one time. Do pardon me on that. Now, here is a nice chart on USDCHN
which is clearly on a downtrend. My trading plan is simple. I'd let it pull back to the structure,
the red zone. I'd wait for a lower high higher low within it. Just go with trend. Target will first be
1:1, and i'd let it try to hit the low again for next exit.
Take note this is a short term trade.
Bearish Gartley for those who are still bearishThis is a bearish Gartley if you still believe ES is toppish. Target is 38.2% and 61.8% from Point D to Point C retracement.
Following up on a Bullish EsAs mentioned previously, i am ready to long ES should it breaks the structure to the upside.
That condition is now fulfilled and i'm waiting to long pullbacks. More commentary later.
Bearish Cypher on CrudeCommentry later
Entry at D point
Stop above X
target 1 = D to C (38.2)
target 2 = D to C (61.8)
Short on ESIf you are watching ES, it is good for a short trade following yesterday's rally. If you miss the entry,
don't chase. Wait for 5 min to rally up then aim to short nearer to my entry where you at least get
1:1 risk to reward.
Everything is moving along my analysisE6 is now retracing into the long structure. I am preparing to take a position once
a higher low higher high candle is formed. Good luck boys.
The 1st Bullish zone did not hold up Hello everyone, so gold did not hold the the first structure that i'm looking so, a deeper retracement
might be forming. Let's wait and see how it all line up.
Refreshment on B6Finally a pattern that got some profits. The risk to reward is attractive as well if Target 2 can be achieved.
The stop has been moved to breakeven.
Building a case to long Euro
Trading is similar to investigative work. At this point and time, I do not know the high is formed or not
but it's ok since I trade pull backs and I want to illustrate how I use various perspective to gather
evidence to substantiate a trade.
So, if the current high is at 1.2082, what I'd do is to wait for Euro to pullback to the zone highlighted in
Blue. I am willing to take a trade because
A) Risk to reward is in my favor
B) This blue zone will hold if the evidence point conclusively to long
C) I do not have to guess where the breakout ends and is not stress
It works for me because I have time to build my trade plan, knowing the risk to reward is in my favor,
and of course your own statistics of win/loss ratio that it becomes "easy to manage". I may still get
it wrong after waiting but the result of this trade itself does not determine the long term outcome of
your equity curve. As long you adopt certain mindset that winning and losing is part of the game, you
are ahead of the game.
