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Ratioconfluence

How to use Advanced Patterns in Technical ScoringI just put out a video breaking down the GBPUSD. On the chart here we have a massive Potential Cypher Pattern. Now although I trade Cyphers, I cannot enter into any trade with more than 100 pips of risk per my trading plan. So instead I am going to use the Cypher pattern as part of my overall technical scoring system. Now along with the Cypher you also have a potential AB=CD pattern, Structure and Fibonacci confluence rounding out our potential reversal zone. If you would like to see how I did this, here is the link to the video: youtu.be Otherwise you can just keep an eye on this potential reversal zone and we'll see what happens. Either way, Good luck and Good Trading.
Short
by tommyb35
Day 1 Pro Trader WorkshopJust had day 1 of the pro trader workshop. It was a great morning, and we covered a ton of stuff. We will be having day 2 tomorrow morning starting at 8am est and if you missed this mornings stream and you want to watch it, here is the link. youtu.be One of the things that we will be covering tomorrow morning will be the Technical Scoring System. This is a great example of a TS2 trade. We have structure, we are going with the overall trend of the higher time frame (daily TF), we have a potential AB=CD pattern with Fibonacci retracement, extension and inversion confluence. Definitely a good setup, if we can get a valid entry signal, if and when we make it up to the kill zone. Good luck and good trading.
Short
by tommyb35
NZDUSD: Bearish Bat (Great Risk-to-Reward)Hi Traders, There is a bearish bat formation completing at 0.72030. Current market price is still fairly far from our entry, and if price falls below the point marked 'A', this pattern and trading opportunity will be invalid. Entry: 0.72030 Stop: 0.72320 Target 1: 0.71620 Target 2: 0.71330 As with all Bat pattern setups, this trade has an excellent risk to reward ratio of approximately 1.5:1 to target 1 and 2:1 to target 2. If you found this idea useful, leave a like or comment, I appreciate your feedback. Luke
Short
by Beebags
CADJPY: CTS Trade From This Morning's Training Lesson Each Monday I hold a private training lesson for our Transformation members and today the topic was the Combined Technical Scoring System (CTS) During the lesson I talked to them about my personal journey & how I went from a very conservative CTS trader to someone who no longer requires a score. With that being said I've ingrained the process into my daily evaluation of a price chart & this was the example that I used to show them how I still use it without actually using it (if that makes sense) Anyway, what we have above is a level of potential structure support that has been tested a few time is the recent past as both support & resistance. We also have an AB=CD patter, Fibonacci Ratio confluence & a potential advanced Bat Formation resting in that zone as well. This makes for a great example of taking the clues that the market provided with and putting them together in order to find quality trading opportunities. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Long
by Akil_Stokes
TREND CONTINUATION TRADEIt could be a good chance to jump in the EURGBP bullish trend. The market has just closed above previous structure highs, and has now retraced back to and area where there is ratio confluence between the 0.382 and the 0.618 of the latest two impulse legs. The RSI also signals over sold at 20 points. Targets are set at another ratio confluence level of 1.272 and 1.414, which fall at an area that has proved to be support and resistance before. Stop loss is set below the previous structure lows.
Long
by CarlosPM
A GENERATIONAL TOP IN THE MAKING In my last chart around 2 years ago entitled "SP500 BEARISH OUTLOOK - CLOSE TO FORMING GENERATIONAL TOP" (see link below), I suggested that a possible top could occur around 2000 - 2030 area which I believe is still within acceptable range for such long term analysis. It appears to me that the likely topping pattern we are witnessing could be part of a very significant top formation, to qualify as "generational top". Based on the my interpretation of Elliottwave Principle, the cycle that began back in 1929, probably formed a major top of wave 3 in 2000, and all the intervening price action since 2000 till August 2011 low could be contracting triangle wave 4. If this is correct, then we might have just seen wave 5 top on 19th May 2015 high. The choppy price action could just be an early development of major bearish cycle that could last several years with possible downside target retesting the 2009 low. Should this scenario play out then it could be very devastating and at the sometime offer us opportunities to benefit, if provided we are fully prepared to take advantage. Summary: 1. Potential Rising wedge (ending diagonal) close to breaking down. 2. Have several Fib confluence, 3. Momentum divergence at several degrees. 4. May 2015 top lines up with time symmetry (see chart below). 5. Several sectors started topping from mid 2014 with the main Index grinding higher due to strength in ever reducing number of strong stock making up the S&P500 Conclusion: If you wish to learn why I have come this conclusion then and what can assist you in getting fully prepared please register for a free webinar I am hosting on Saturday at the link - www.danv-charting.com Warning: This is my interpretation of price action using TA approach that I consider helps me the most but could be completely wrong. Therefore as always, do your own analysis for your trade requirement and ignore my views. For those who appreciates my analysis, select to follow me and the chart for notification of future updates. Indicate you like my analysis by thumbs up, comments and sharing it with others. If you have an alternative idea then please be constructive and share for all to learn from. Thank you for taking the time to read my analysis. DanV danv-charting.com
AMEX:SPYShort
by DanV
15
EG Bearish Bat Weekly, Great RR, wait to enter, PIPS PIPS PIPSHello Trading View, Here on the EurGBP Weekly TF we have a unique Bearish Bat that has completed. Price action has shown all necessary reversals at the required ratios, and price in the PRZ has shown signs of confirmation of trend change. Heres why this pattern is unique. VOLUME. The volume at point D was EXTREMELEY HIGH!!!!!! See Green arrow indicating said volume. This volume spike combined with the terminal price bar that tested the PRZ is SOLID CONFLUENCE....!@!?@>!?@>!>!!! We have the necessary confluence of all 5 point harmonic patterns being an ABCD pattern. This pattern is an extended ABCD pattern. C point retracing 88.6% of AB, topside projection would normally be the 1.13%, but it has completed an extended pattern around the 1.618 expansion of BC. This is an extended 1.618 AB=CD pattern as defined in the Harmonic Trader : Volume 1 by Scott Carney. Price action has retraced and beginning of this week shown a bullish gap. Expect price to fill the gap and continue to drop to the projected IPO1 and IPO2. The pound seems weak now, so Id wait for some confirmation prior to shorting. If you're aggressive short now (treating current price action as a retracement) and ride er on down. Trade safe, trade smart. -K
Short
by KumaTF
GU Long, Monthly Resistance bounce/Bullish Butterfly, Good RRHello Trading View, Here on GBPUSD we see bearish momentum, which stalled and bounced off an important key level off the Monthly TF. The rejection of the key monthly support tell me that a trend change is in order. We have the completion of the Bullish Bat 5-Point pattern, the terminal price bar has tested the majority of the PRZ and sharply pulled away, which is one confluence factor. We also have the completion of the ABCD pattern within the C-D leg, a retracement of 50% of the impulse leg, which gives us bottomside projection of 2.0, which lands right in the middle of the PRZ. I have 2 projected I.P.O. of the 0.382 / 0.618 retracement of the CD leg. I.P.O. 2 is important because it could reach the bottom side of our overall trendline providing a possible swing trade. I.P.O. = Initial Profit Objective Trade safe, trade smart. -K
Long
by KumaTF
ABCD to Bearish Bat in progress, aggresive trade, good RRHello Trading View, Here on the EuroYen, we are seeing a reversal of a bearish trend . Price has made higher highs, and higher lows, confirming my directional bias. Topside projection of the ABCD pattern is the 2.618 expansion of the BC leg, due to the B retracement of 0.382 of the impulse leg. Typically you are supposed to trade this from the topside down, but if you're an aggressive trader, this might be your trade. After completion of the ABCD pattern, we have a valid short, as price has completed a Bearish Bat. Bat confluence due to price action reacting to all necessary ratios, and the completion of the ABCD pattern, which is essential to all 5 Point harmonic patterns. Before pulling the trigger in the PRZ, monitor price action for the necessary confirmation to short at pattern completion. Stop is set below the B point, as a close below would invalidate the pattern. Trade safe, trade smart. -K
Long
by KumaTF