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SHORTING EUR/GBP 4hr Chart1.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 have a good risk management in place if you want to stay in the game and make money 3. Set-up-only catch the trend. NO INSTANT ORDER IN MY WORLD I will followup on this in a couple of hours-let see what happens next
Short
by juarezInc
"Timing is everything" in this gameHaircut 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 for me and you get the benefit of having the update by phone or tablet I hope to see you there too Music at work: Trace Adkins ... open.spotify.com
SShort
by CoinedByCrypto
2
Aggressive Buy at 200 Moving Average Support / Strong Vol. 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 a loss on a D1 close below the 200 Moving Average (Essentially the loss will be the full premium payed for the options) Exiting at profit upon reaching the 132/135 area. Happy Trading traders! =) Update: Trade was straddled last week, broke below break even and positive to the downside again. Good Luck Long AUG1 15 124STK Puts
NASDAQ:AAPLLong
by Daniel.B
15
PANW in final ascent of repeating W bottom. Target 213Theme, 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 back of better than expected results and forward guidance from Fortinet, PANW is screaming higher again. In May, Oppenheimer published a report (goo.gl) that PANW channel checks were "tracking higher than the Company's mid-point guidance for Q3 revenue" and "90 percent of contacts indicated that their Palo Alto business is beating expectations for the quarter." Technicals: PANW has completed two near identical "W bottom" patterns this year, each racking up 20%+ moves higher. We're seeing all four legs of that pattern repeat for a third time. Even a repeat of just the last pattern's price action predicts a pattern high of 213.38. This coincides nicely with the 61.8% fib extension at 213.32. That said, each leg's movement in this iteration of the pattern has been successively larger in magnitude than the prior patterns, so it's entirely possible we see the pattern end higher than the 213 level. However, it's important to keep in mind that today, PANW traded above 200 - a psychologically important level and one where it's easy for investors to say, 'hey let's take some profits', and therefore might be in for a pause or minor pullback. Strategy: Implied vol is comparatively still very low (~15th percentile), although quickly increasing (charts.stocktwits.com). There's still time to put on or add to an options strategy to take advantage of both price appreciation and increased vol. PANW doesn't report results until September. We should continue to see PANW move higher on the back of competitor results between now and September. Look to ride the grind higher ahead of PANW earnings and re-evaluate your strategy for positioning through Q3 results. Let vol be your guide!
PLong
by simonsays452
"Il viaggio" for higher ground 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 easier for me and you get the benefit of having the update by phone or tablet I hope to see you there too. Yes music from Italy... on vacation there :) Music at work: Eros Ramazzotti... Il Vaiggio www.youtube.com open.spotify.com
NASDAQ:HEAR
by CoinedByCrypto
GBPUSD: BULLISH GARTLEY PATTERN (4 HR) !!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 BULLISH Gartley pattern on FX:GBPUSD that is close to the completion point. Market has placed in HH's and HL. Looking to jump on this bullish trend through this pattern, with a favorable risk to reward ratio. See the chart above for more details. This fits in perfectly with Ivan trade setup idea, a good friend of mine. Do check out his idea and give him a HUGE thumbs up on his chart, he's really good :) Here's the link to Ivan's trade idea: OR you can click on the idea posted under the RELATED IDEAS section below. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Good Luck :)
Long
by moneymaking
29
USDOLLAR: CYPHER PATTERN (4 HR)!!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 according to my rules, if the market reaches 80% to 90% of my target without triggering entry, then I will NO longer be taking that trade. Hello Traders, Here we have a BULLISH Cypher pattern, near completion, on FX:USDOLLAR . The market is under heavy selling pressure after it was unable to make a DAILY close above 12050 level. Market has also has started placing LL's and LH on 1 HR time frame, signalling a POSSIBLE change in trend. So, if you want, you can call this a counter-trend trade setup. We do have a good 1 to 1 good risk to reward ratio for the 1st target. See the chart above for more information. See the chart below for 1 HR broken structure: Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Good Luck :)
FX:USDOLLARLong
by moneymaking
15
NZDUSD: Two Bearish Advanced Pattern within the KillzoneFollowing 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 that’s up to you. One will get you in the trade quicker with a worse risk/reward while the other you may have to wait for but will give you a better risk/reward. Either way, there should be something in your trading plan about how to handle situations like this because if you’re allowed to trade multiple advanced patterns these types of situations are going to occur more often than you think. Also on my radar: EURUSD, EURJPY, USDJPY & USDCAD Good luck today traders, and remember it’s Thursday so I’ve got my weekly video coming out later, so go ahead and subscribe to my youtube channel that way you’ll be the 1st to know when it’s released. Akil Stokes Chief Currency Analyst www.TradeEmpowered.com Akil@Tradeempowered.com /@AkilStokesRTM / Forex Weekend Review Videos: www.youtube.com
Short
by Akil_Stokes
9
Google rally peaking. Due for a correction downSell 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 company’s stock, valued at approximately $14,869,527,441.56. sleekmoney.com Entry: 695 (or better 700) Stop Loss: 715 1. Target: 675 2. Target: 575 UPDATE 1. Target (675) hit dead on :) classic candlestick UPDATE, 6 days later
NASDAQ:GOOGLShort
by ChartArt
AUDUSD: 2 GARTLEY PATTERNS + HARMONIC AB=CD MOVE (60 MIN) !!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 do have Fib ratio confluence between the 127.2% extension level and the 78.6% retracement level of X to A leg of the BLUE Gartley pattern. This also ties in with the 2618 trade setup that I posted early on this pair. I'll add the link to that chart under the related ideas section below. I would like to point out that the BLUE Gartley pattern and the harmonic ABCD move are NOT my ideas. They are the ideas of my good friend, IaoN , he recently posted these two ideas on his page. Please do check it out and give him the thumbs up on his ideas. I never really noticed the BLUE Gartley pattern or the ABCD harmonic move until I saw IaoN's idea. So I take NO credit for the BLUE Gartley pattern and the harmonic ABCD move. The reason I added IaoN ideas on this chart, was to give everyone the whole picture. I hope IaoN you don't mind me including your ideas with mine and I apologize if you do. Here's the link to IaoN's chart: Please hit that thumbs button on his chart, he's a really good harmonic pattern trader. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Good Luck :)
Long
by moneymaking
9
AUDUSD: 2618 TRADE SETUP (4 HR) !!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 would just go over the 2618 trading strategy very briefly here but I will post a link, below this description, of the full 2 HR+ training video for this strategy. This video is made by Jason Stapleton, from Trade empowered, go check out their website for more information, they are AWESOME !! 2618 TRADING STRATEGY 1. The first thing we need is the market to be in a clear trend (either bullish or bearish). 2. Then the market must make a double bottom (if we're in a bearish trend) or double top (if we're in a bullish trend). In the trade setup above, the market is clearly in a bearish trend. 3. Next, the market needs to BREAK and CLOSE below previous structure to signal a POSSIBLE change in the overall trend. If market is in a bullish trend then it must break previous HL, if the market is in a bearish trend, then it must break previous LH. 4. Then we need to wait for the market to retrace back into the 61.8% Fib level. The Fib level is drawn from the bottom to top of the leg (for bearish trend break) or from top to bottom of the leg for bullish trend break) that broke the previous structure. 5. Our entry is at the 61.8% Fib level BUT taking the spread into account, makes our true entry just above the 61.8% Fib level (for long position) or below the 61.8% Fib level (for short position). 6. Stops will be placed 10 to 20 pips below the low of the double bottom (for long position) or above the high of the double top (for short position). 7. Our 1st target will be at the close of the last candle, from where the market started to retrace back to the 61.8% level. For the AUDUSD setup above that will be at close of the big green candle. Our 2nd target will be at the 127.2% Fib extension that is drawn for the leg that broke the previous structure (LH or HL). I believe I have covered everything in this short outline for the 2618 trading strategy. If you would like to get more details on this strategy or see more examples on the charts, then check out the training video, link is posted below. Here's the link for the 2hr+ training video: www.youtube.com Here's the Trade empowered website: tradeempowered.com Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Good Luck :)
Long
by moneymaking
17
NGAS: 2618 TRADE SETUP (4 HR) !!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. While for traders who's stop loss was 66 pips away from entry, unfortunately we have been stopped out. UPDATE #5: For traders who shorted the bearish Cypher pattern, the stop loss for break even has been hit. All your positions should be CLOSED, while for traders who shorted based on the 2618 setup, our positions are still OPEN. UPDATE #4: If anyone shorted NGAS based on the bearish Cypher pattern (image posted below), then your first target has been hit. Stop loss can be moved to break even. UPDATE #3: Bearish cypher pattern just got completed after that huge spike to the upside. UPDATE #2: We're also close to the completion of a bearish Cypher pattern on 4 hr time frame. See the 2nd chart below this description. UPDATE #1: Trade is active now. Hello Traders, I hope everyone is doing great in the markets. Here we have a potential 2618 trade setup, that is close to completion. The market has broken structure to the downside and now we are seeing a retracement back into the 61.8% level. The stop loss level indicated on the chart gives us 1:1 risk to reward ratio but note that the stop loss is NOT above the previous resistance zone. Placing the stop loss above the resistance zone would give us an unfavorable risk to reward, please choose which ever stop loss level fits your trading style. For more details please see the labelled chat above for more details. Note: Market came very close to the 61.8% level, after breaking the structure, but did NOT touch it. Therefore this setup is still INCOMPLETE. 2nd Note: This 2618 setup has formed at the same previous level, where we had another successful 2618 trade setup. See the chart below for clarification. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Good Luck :)
FX:NGASShort
by moneymaking
16