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EURJPY (H1): Selling OpportunityHi there, There is a clear 2618 selling opportunity setting up here on EURJPY on the H1 timeframe. If you are not familiar with this strategy, the 2618 trade is a countertrend strategy. Jason Stapleton introduced me to this specific strategy in his free training. Only take trades that are in your PREDETERMINED plan. If you don't have a plan, please get one before losing any more of your money! I trade the 2618 on the H4 and H1 timeframes on 8 currency pairs (AUDUSD, EURUSD, GBPUSD, NZDUSD, USDJPY, EURJPY, GBPAUD, and USDCAD). I take aggressive orders meaning that once the requirements of the trade are met, I place a pending buy or sell limit and let the trade play out. The only adjustments after that come if/when price reaches target 1, where I close half the position for profit and move the stop on the remaining position to breakeven, locking in a winning trade. Entry: 127.600 Stop: 128.330 Target 1: 126.77 Target 2: 126.390 Good trading, Luke
Short
by Beebags
UKOIL / 1HR / POTENTIAL SHORT OPPORTUNITYGARTLEY PATTERN PAIR: UKOIL TIME-FRAME: 1HR TRADE: GARTLEY PATTERN Due to our growing community with our Trading Education, I have to switch my color scheme to a nice clean white chart for everybody to see more easily. Thank you from my heart for your support. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
FX:UKOILShort
by UnknownUnicorn168204
AUDUSD / 1HR / POTENTIAL BUTTERFLY PATTERNBUTTERFLY PATTERN PAIR: AUD/USD TIME-FRAME: 1HR TRADE: BUTTERFLY PATTERN There has been a lot of strength on the AUD/USD for those of you whom are following this pair. Here we have a potential Butterfly pattern setting up if support holds. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
by UnknownUnicorn168204
GBP-AUD Strong counter trend Cypher pattern setupThis is not really a trade setup, it´s more of a little thought sharing on emotions, the biggest enemy for us traders. As you people that follow me knows i trade harmonics an insanely simple and very profitable way of trading, removes all subjectivity from trading with some testable, verifiable, and repeatable rules. I could not trade in January because i was away from home traveling and too busy to take trades, so when we reached february i was itching to trade, had taken November and December off as always every year from trading and i had a newly investment infusion into my trading account, that ment i now had a responsability to not only make my self a living, but also keep another party happy with very little drawdown. And here comes out the new emotions i had not felt since i started trading, got soo concerned with cash preservation, protecting stops / moving stops that i was not following my rules. I was so hooked on making profit with no losses. But the thing is, in my rules there is no stop moving, my trades hits T1 60-70% of the time if no stop is moved, less if stop is moved, so i was suddenly making rookie mistakes. I started out with 2 weeks of 2% drawdown, it recovered to a 3% profit in week 3 but at that time i had taken my self in moving stops on so many orders i could have made the double. So i wrote down on a big note that if i broke another rule i was not allowed to trade for a week, which meant calls from the new invester. By doing that i got to remove my feelings from trading again, and what happened.. I got so relaxed about it, i knew my trading plan works and have done it for years, further more i had 8 trades until today that i would have killed with my emotions if i had continued on, like the one i posted right here. It hit my entry live and i was watching it free fall towards the stop, a heavily counter trend trade, but it met the rules - The rules that work again and again every year, in this one i once again cut my emotions out and it turned on a dime right before my stop and hit my entry for a 2% profit for today. Test your plan, control your emotions and carry out your trades till you can do them in your sleep and you will become Prosper beyond your imagination! But remember loosers is part of the plan too! Kind regards Thomas Jeff
by UnknownUnicorn101425
AUDUSD: Multi SetupGood day everyone! We have a very nice 2h AUDUSD chart ready for the next week. 0.7243 is a key resistance level and 0.7010 is a key support level. In addition there is a very nice diagonal support (red trend line) which was broken recently. This is an overall view of the chart. Now let’s go in depth and build our setup. There is a very nice bullish Bat pattern which is almost completed. The completion level is 0.886 fibs of XA leg @0.7091 which is a nice support level as well if we look left. The red rectangle at this level is our PRZ (Potential Reversal Zone) where our buy limit order will be placed and stops will go about 15-20 pips below X. The best entry zone will be between 0.7110 and 0.7091. Our first target will be 0.382 Fibonacci of AD leg @0.7156. If we look this level carefully this level is a neckline of a double top, left top is A point and the right top is B point; so this will be our potential target 1. The second target is somewhere in 0.618 Fibonacci of AD leg 0.7196 and resist level 0.7156. Now comes a very interesting setup, where we are going to go short. The current setup is called 2618; which means the price has broken a neckline of double top, then it reversed and hit 0.618 fibs level which is a signal for bears to wake up. So we will do, our sell limit order will be placed at this reversal zone and stops will go above the key resistance level 0.7243. Our first target will be 0.7091 and the second target will be the key support level 0.7010. For additional confidence look at RSI, the price is at the OS (oversold) level, if we look left we see that this level acts like a support. Besides there was a divergence for double top pattern. In conclusion, this is our technical analyses for AUDUSD. Good luck and let’s see what the market does. -- www.rcpforex.com
by RCP
EURGBP / 1D / BAT PATTERN / POTENTIAL REVERSAL ZONEBAT PATTERN PAIR: EUR/GBP TIME-FRAME: 1D TRADE: BAT PATTERN Good morning traders. We have a nice Potential Reversal Zone on the EUR/GBP Daily time frame. I don't personal trade the daily, but will need to look for a case for entry on a lower time frame. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
by UnknownUnicorn168204