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Bat Pattern, Aud/Nzd , 1hrHere I found a bat pattern developed and completed in the negative deviation range of the AUD NZD chart. my strategy suggests that the market will rally up into positive deviation before correcting for trend continuation. I have place my entry at point B to Verify reversal after point D I have placed my Stop at point X for the break below close below bust ! have placed my limit at the 1.618 extension of the BC leg , for consistency and risk reward ratios
Long
by Kylan_Laymance
Bat Pattern, Cad/Jpy, 30 minHere we see a bat pattern forming in the Cad/ Jpy charts, it is likely that the pattern will complete, because it seems too close to the linear regression line to try to recross without some lower moves. once the pattern completes the market will likely reverse upon completion and rally back across the regression line reaching the 1.618 extension of BC. (this may take as long as 9 hours) Our actions are as so: Limit: 100.089 Entry: 99.939 Stop:99.869 Please follow along to see how this trade goes, for updates and more trades , follow me here on TradingView and don't forget to like and comment your opinions. Thanks for checking this out ! as always Good Trading !
Long
by Kylan_Laymance
Cyhper Pattern, CAD/JPY, 30minHere we see a completed Cypher pattern on the Canada japan charts. The pattern suggest a continuation in downtrend and appears to be respecting the linear regression. I believe that the market will rally down into the 1.618 extension of the BC leg before consolidating again, or reversing. I have placed my entry at current market price, my stop is at the highest high of the pattern and my limit is at the 1.618 extension of the BC leg. Check back in to see the results, as always thanks for checking this out, please like comment and follow if you agree. Thanks and good trading!
Short
by Kylan_Laymance
1
Cypher Pattern, NZD/JPY, 30min Here i see a Cypher Pattern on the NZD/JPY chart. And what i noticed, if you zoom out; on the daily chart there appears to be a crab pattern that has rallied as if it going to complete as suggested, but this Cypher pattern has me thinking that the market will more likely continue in downtrend and break the structure of the crab pattern therefore ruining that trade. Now the cypher is still a safe trade if ,and only if, the market completes the Cypher then immediately reverses upon completion. But in short, I've decided to short the Cypher trade for a lot less return, but its safer. My entry is at the peak of the cypher pattern with stop around the highest high of the pattern, my limit can be debated, if we assume the market is going to continue in downtrend after breaking the structure of the crab pattern, you could move you limit to the next structure support level, but i always believe in consistency, so i have placed my limit at the 1.618 extension of the BC leg. Please , if you agree, like comment and even follow ! As always good trading !
Short
by Kylan_Laymance
Cypher Pattern ,USD Index, 1hr Here we see a solid Cypher pattern on the dollar index. the reason i have elected this trade is because the cypher pattern here suggests the market will complete the larger crab pattern on the daily chart. I believe that this completed cypher pattern will rally short all the way down into the 1.618 extension of the BC leg. I have placed my entry at the lowest high of the cypher pattern, my stop is placed at the highest high of the pattern, and my limit is placed at the 1.618 extension. The big picture here is a retracement down into around 89.2 and then a reversal to continue in an uptrend. but short term, we can make a few bucks on the way down. Thanks for checking in, please feel free to comment your own opinions, like if you agree and follow me for more trades. Thanks again and Good Trading
INDEX:DXYShort
by Kylan_Laymance
Weak Butterfly Pattern, American Eagle Energy Corp (AMZG), 60minAnother penny stock, today has been a very uneventful day in my Forex portfolio as you can tell. Here i have found a butterfly pattern in the american eagle energy corp. The pattern is a little weak, meaning it isn't a perfect pattern, so the results may very. I have placed my entry at the lowest low of the pattern , my stop at previous structure resistance around .16 and my limit all the way at .28 or the 1.618 extension of the BC leg. I will be following this all day and should expect completion by the time the US market closes tomorrow. As always, don't forget to like comment and even follow if you really like it ! Thank you and good trading
ALong
by Kylan_Laymance
Bat Pattern, AUD/JPY, 30 I see a Bat pattern in the AUD/JPY 30 min chart, around the 96.810 area. The market here seems to be in an uptrend, so it isn't bad to assume that the market could break out of consolidation and continue trend. But I believe since the market will be testing highs for the year, the market will complete the pattern and reverse down into the 1.618 extension of the BC leg, where i have placed my limit. My stop is placed at the top of the pattern and my entry is placed right around point B, just to be safe and keep a risk reward of 2:1 or better. Thanks for visiting, don't forget to like if you agree, or comment is you dont, i would love the feed back, i believe that trading view is here so we can use each other to learn from. And always follow, the reputation would be great for growing in the trading community. Thank you and Good Trading
Short
by Kylan_Laymance
Gartley Pattern, EUR/AUD, 60This Gartley pattern formed at the end of consolidation suggests a long movement from a monthly low. if there is a break out of consolidation , the market will likely rally up into the 1.618 extension of the BC leg, around 1.45530. i have placed my order long keeping the risk reward ratio at 2:1. I have placed my stop at the lowest low of the Gartley pattern, and my limit at the 1.618 extension. Remember to like comment and follow me for updates and new traded. Thank You and Good Trading !
Long
by Kylan_Laymance
Crab Pattern NZD/USDI see the market in consolidation between $.74 and $.78. It appears that there is a crab pattern forming with a potential reversal zone at the .72225. Upon completion of this pattern the market should rally to the 2.618 extension, or the nearest structure support which appears to be around the .79000. My stop loss is placed at 100 pips below the potential reversal zone, making my risk to reward ratio about 5:1. please like comment and follow if you agree with my approach
Long
by Kylan_Laymance
ENIP Good Reward to Risk Trade BullishTaking a recent swing low and swing high, the risk reward tool can measure potential profit to risk when stopped out and give the reward to risk ratio. Moving the mouse over the shaded area, here we see we can potentially make 375% while risking only 32.14% or in other words the ratio is 11.67, which is excellent. Any time one can use this tool to find a trade that has a ratio of 3 or more, that is great. It makes the odds so that effectively one could take every trade and have it be a coin toss winning half the time for 3x the bet and losing half the time for all the bet, and not care about it because the trades would breakeven with no loss all together. So even the slightest edge where it be due dilligence or trading system or indicator to make those trades even slightly better than a coin toss, then a profit is made. During backtesting trading techniques, if something is found that works 60-70% of the time that's great. Use it with trade setups that are reward to risk ratio over 3. That is a profitable way to make money trading. Whatever trading system is used it doesn't have to be super-perfect, complex, fancy, or better than anyone else, just "good enough" is fine.
ELong
by trademan1