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Theforexsamurai

D1 - Is it over for the bears now? Or is it trending...Is it over for the bears now? Or is it trending downwards already since the month of August of 2020? Either way, I do have an opportunity to long/buy with a potential APF and having multiple confluences within these price levels (area). The market setup, entry, SL, TP, and POR as seen in the chart. Good luck and TAYOR! Abbreviations / Keywords: LTF - Lower Time Frame HTF - Higher Time Frame TF - Time Frame TRS - Trend Reversal Strategy CRT - Counter-Retail Technique / Break-out APF - Advance Pattern Formation W4C - Waiting for Confirmation LLCC - Lower low, lower close HHHC - Higher high, higher close SL - Stop loss TP - Target Profit POR - Point of Ruin RRR - Risk Reward Ratio Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose. Do your own due diligence.
TVC:GOLDLong
by TheForexSamurai
H1 - Let's keep it simple stupid. Short trade setup via APF.The market setup, entry, SL, TP, and POR as seen in the chart. Good luck and TAYOR! Abbreviations / Keywords: LTF - Lower Time Frame HTF - Higher Time Frame TF - Time Frame TRS - Trend Reversal Strategy CRT - Counter-Retail Technique / Break-out APF - Advance Pattern Formation W4C - Waiting for Confirmation LLCC - Lower low, lower close HHHC - Higher high, higher close SL - Stop loss TP - Target Profit POR - Point of Ruin RRR - Risk Reward Ratio Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose. Do your own due diligence.
Short
by TheForexSamurai
H4 - Pre-NFP with potential short trade opportunity...Pre-NFP with a potential short/sell trade opportunity on 3 APFs and some confluences. Price retracing to 1.25755 will invalidate the short/sell trade setups and a long/buy trade opportunity might as well come into play. We will see... The market setup, entry, SL, TP, and POR as seen in the chart. Good luck and TAYOR! Abbreviations / Keywords: LTF - Lower Time Frame HTF - Higher Time Frame TF - Time Frame TRS - Trend Reversal Strategy CRT - Counter-Retail Technique / Break-out APF - Advance Pattern Formation W4C - Waiting for Confirmation LLCC - Lower low, lower close HHHC - Higher high, higher close SL - Stop loss TP - Target Profit POR - Point of Ruin RRR - Risk Reward Ratio Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose. Do your own due diligence.
Short
by TheForexSamurai
1
H4 - An opportunity for a potential long trade with catalyst?Today would be the US NFP. Could there be a movement giving me an opportunity to trade the ff. setups? We will see. The market setup, entry, SL, TP, and POR as seen in the chart. Good luck and TAYOR! Abbreviations / Keywords: LTF - Lower Time Frame HTF - Higher Time Frame TF - Time Frame TRS - Trend Reversal Strategy CRT - Counter-Retail Technique / Break-out APF - Advance Pattern Formation W4C - Waiting for Confirmation LLCC - Lower low, lower close HHHC - Higher high, higher close SL - Stop loss TP - Target Profit POR - Point of Ruin RRR - Risk Reward Ratio Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose. Do your own due diligence.
Long
by TheForexSamurai
W1 - An upcoming short trade opportunity, will history repeat?Will history repeat itself? We will see... Divergence is also visible from the current APF's X to D point. The 78.6% TCT was also triggered with S/R confluence to it. Anyway, the market setup, entry, SL, TP, and POR as seen in the chart. Good luck and TAYOR! Abbreviations / Keywords: LTF - Lower Time Frame HTF - Higher Time Frame TF - Time Frame TRS - Trend Reversal Strategy CRT - Counter-Retail Technique / Break-out APF - Advance Pattern Formation W4C - Waiting for Confirmation LLCC - Lower low, lower close HHHC - Higher high, higher close SL - Stop loss TP - Target Profit POR - Point of Ruin RRR - Risk Reward Ratio Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose. Do your own due diligence.
Short
by TheForexSamurai
Price and level for me to look for a long term BUYWe will see it from here. Caveat. Ill expect market will break that visible diagonal support and completing my two potential bullish setup which is the AB=CD and Bat pattern for me to look or to enter a long/buy position. If not i'm gonna look for another setup or one way for me to enter this market (for a long/buy) is to wait that upper visible trendline to be broken - a candle break and closed above. Bat Pattern: XApt - First market swing/leg ABpt - 38.20% < 61.80% XA leg BCpt - 38.20% < A point AB leg Dpt completion - 88.60% XA leg - ENTRY SL level: above/below the pattern's X point as we could determine it as a good support or resistance zone/level. TP level: TP 1 on 38.20% AD leg, TP 2 on 61.80% AD leg and for TCT (trend continuation expect a formation of new highs/lows so on the recent lowest/highest price swing of the market structure (pattern). Disclaimer : Caveat, trade at your own risk. Trades are subject to be at risk and money manage with different objective as yours. I will not be held responsible for any losses that occur in your account. You and you alone are responsible for deciding if you are comfortable accepting the risk involved in trading the Financial Market.
BITSTAMP:BTCUSDLong
by TheForexSamurai
A pattern based trade setup with 2 pattern confluencesHi guys a two potential bullish setup for a long/buy opportunity. We could enter right now with an aggressive buy limit order and stops just below the patterns' X point. Or Wait for Confirmation once both patterns/setups are completed. Caveat. Trading the Bat Pattern Bat Pattern Fibo point/leg ratios: XApt - First market swing/leg ABpt - 38.20% < 61.80% XA leg BCpt - 38.20% < A point AB leg Dpt completion - 88.60% XA leg - ENTRY SL level: above/below the pattern's X point as we could determine it as a good support or resistance zone/level. TP level: TP 1 on 38.20% AD leg, TP 2 on 61.80% AD leg and for TCT (trend continuation expect a formation of new highs/lows so on the recent lowest/highest price swing of the market structure (pattern). Trading the Butterfly Pattern Butterfly Pattern Fibo point/leg ratios: XApt - First market swing/leg ABpt - 78.60 < 88.60% XA leg BCpt - 38.20% < A point AB leg Dpt completion - 127.20%* - 161.80% XA leg inversion - ENTRY SL level: above/below the pattern's completion or 161.80% price even handle or with a good 1:1 RRR related to TP1. TP level: TP 1 on 38.20% AD leg (where the pattern completes), TP 2 on 61.80% AD leg and for TCT (trend continuation expect a formation of new highs/lows so on the recent lowest/highest price swing of the market structure (pattern). Disclaimer: Caveat, trade at your own risk. Trades are subject to be at risk and money manage with different objective as yours. I will not be held responsible for any losses that occur in your account. You and you alone are responsible for deciding if you are comfortable accepting the risk involved in trading the Financial Market.
Long
by TheForexSamurai
A pattern based trade setup + basic patternHi guys, a short/sell opportunity here. A pattern completion of bearish bat is on Play while forming a potential ascending triangle. Two ways on how to trade this, enter aggressively and stops just above the patterns' X point or wait for a breakout to the downside of the ascending triangle and enter short as this would be our confirmation (conservative). Trade at your own risk. Trading the Bat Pattern Bat Pattern Fibo point/leg ratios: XApt - First market swing/leg ABpt - 38.20% < 61.80% XA leg BCpt - 38.20% < A point AB leg Dpt completion - 88.60% XA leg - ENTRY SL level: above/below the pattern's X point as we could determine it as a good support or resistance zone/level. TP level: TP 1 on 38.20% AD leg, TP 2 on 61.80% AD leg and for TCT (trend continuation expect a formation of new highs/lows so on the recent lowest/highest price swing of the market structure (pattern). Disclaimer: Caveat, trade at your own risk. Trades are subject to be at risk and money manage with different objective as yours. I will not be held responsible for any losses that occur in your account. You and you alone are responsible for deciding if you are comfortable accepting the risk involved in trading the Financial Market.
Short
by TheForexSamurai
A pattern based trade setup for a long/buy tradeHi guys, two bullish advance pattern completion has just completed which is the bullish cypher and bullish bat. By which price did already react upon the pattern price completion. If there could be any chance price will comeback and retrace back to the PRZ ill go for a long/buy trade if not, ill wait for a broken of the resistance on both diagonal and horizontal (CRT Approach). A candle and break and close above those resistance level could make me go for a long/buy trade. Caveat Bat Pattern: XApt - First market swing/leg ABpt - 38.20% < 61.80% XA leg BCpt - 38.20% < A point AB leg Dpt completion - 88.60% XA leg - ENTRY SL level: above/below the pattern's X point as we could determine it as a good support or resistance zone/level. TP level: TP 1 on 38.20% AD leg, TP 2 on 61.80% AD leg and for TCT (trend continuation expect a formation of new highs/lows so on the recent lowest/highest price swing of the market structure (pattern). Cypher Pattern: XApt - First market swing/leg ABpt - 38.20% < 61.80% XA leg BCpt - 127.20% < 141.40% point AB leg extension *price must not closed beyond 141.40 if it does, pattern is invalid. Dpt completion - 78.60% XC leg - ENTRY SL level: above/below the pattern's X point as we could determine it as a good support or resistance zone/level or with a good 1:1 Risk:Reward Ratio prior form the price completion (entry) to TP 1. TP level: TP 1 on 38.20% AD leg, TP 2 on 61.80% AD leg and for TCT (trend continuation expect a formation of new highs/lows so on the recent lowest/highest price swing of the market structure (pattern). Disclaimer: Caveat, trade at your own risk. Trades are subject to be at risk and money manage with different objective as yours. I will not be held responsible for any losses that occur in your account. You and you alone are responsible for deciding if you are comfortable accepting the risk involved in trading the Financial Market.
BITSTAMP:XRPUSDLong
by TheForexSamurai
A pattern based trade setup + multiple bias/confluenceHi guys, a short/sell opportunity waiting here for the GOLD. We could sell/short aggressively and stop just above the pattern's X point or wait for further price/market action or confirmation. We will see price from here. RSI Divergence is also visible and a possible bearish engulfing candle inside the Cypher PRZ, we will wait for the completion of today's candle. Good luck! PS. See related ideats for some recent analysis on this market as well. Cypher Pattern: XApt - First market swing/leg ABpt - 38.20% < 61.80% XA leg BCpt - 127.20% < 141.40% point AB leg extension *price must not closed beyond 141.40 if it does, pattern is invalid. Dpt completion - 78.60% XC leg - ENTRY SL level: above/below the pattern's X point as we could determine it as a good support or resistance zone/level or with a good 1:1 Risk:Reward Ratio prior form the price completion (entry) to TP 1. TP level: TP 1 on 38.20% AD leg, TP 2 on 61.80% AD leg and for TCT (trend continuation expect a formation of new highs/lows so on the recent lowest/highest price swing of the market structure (pattern). Disclaimer: Caveat, trade at your own risk. Trades are subject to be at risk and money manage with different objective as yours. I will not be held responsible for any losses that occur in your account. You and you alone are responsible for deciding if you are comfortable accepting the risk involved in trading the Financial Market.
TVC:GOLDShort
by TheForexSamurai
4
A pattern based trade setup bias as TCT hitting S/R + D.triangleA potential bearish bat pattern is already completed for us to take another short/sell trade on this market. As the completion of the pattern is also a retest on the previous support and now maybe becomes resistance. Trade at your risk. Bat Pattern: XApt - First market swing/leg ABpt - 38.20% < 61.80% XA leg BCpt - 38.20% < A point AB leg Dpt completion - 88.60% XA leg - ENTRY SL level: above/below the pattern's X point as we could determine it as a good support or resistance zone/level. TP level: TP 1 on 38.20% AD leg, TP 2 on 61.80% AD leg and for TCT (trend continuation expect a formation of new highs/lows so on the recent lowest/highest price swing of the market structure (pattern). Disclaimer: Caveat, trade at your own risk. Trades are subject to be at risk and money manage with different objective as yours. I will not be held responsible for any losses that occur in your account. You and you alone are responsible for deciding if you are comfortable accepting the risk involved in trading the Financial Market.
TVC:GOLD
by TheForexSamurai