As we continue to analyze the market, it's become clear that avoiding bad trades is just as important as finding the next big one. This is particularly true when looking at the bottom 2 charts of NZDJPY's daily and weekly charts. On the daily chart, we can see that the Bearish Deep Gartley Pattern is over-extended, meaning it took longer than expected to complete...
A detailed look at the weekly price action history of PLTR indicates that the recent rally has come to end ... but I've been wrong before, so I welcome your tough questions and chart-based counterarguments. The strongest confluence supporting my conclusion is the simultaneous retest of the Euler Trend Exhaustion Limit and the 2nd Standard Deviation of the VWAP...
These are Class C- trades. I design a Class system to differentiate trading setups and their value. Indeed, I do not trade Class C most of the time, but I do trade them occasionally. Class C generally don't produce a profit factor of 2 for my final target, so why do I still do it? Boredom? Maybe Like to earn some money? Maybe Seek Trill? NO WAY Trill seeking...
Please be aware of Friday Non-Farm Payroll release , just reminder ! New Year New Back Ground Color , Staying White , Staying Positive !
My analysis of this Bearish Crab Pattern still stands, but generally, I'm not optimistic when I see a series of consolidations happen before the completion of the Crab Pattern. Patience is Virtue. Let's see how this trading idea pans out.
This idea is to emphasize the risks sticky inflation will have on the world economy. The idea is my own interpretation of Cem Karsan warning on Aug 18th. In the 9 minute interview with TD, Cem warned everyone of the recent decline to the Day of. 19th. He also used the words "Time to be cautious" nearly 10-15 times in a 9 min interview that was...
Last week if you have gone through my analysis and engaged the market when it tested the buy zone(cyan box), you would have earned 159pips of profits in just the 1st target. If you have missed that setup, you can wait for the next opportunity. The Bearish Shark Pattern on the 4-hourly chart gives trend traders an opportunity to engage the market. However, I do...
Bullish Shark pattern on the Range Bar Chart on GBPAUD. Any takers? I must remind you that, there is 1 critical warning sign on this setup. I will need to wait for a 3 bar reversal and retest to long it.
Before you enjoy this setup, this Shark Pattern has a warning sign in it. The PRZ of this Bullish Shark Pattern is complete at 75.71~75.52. Other indicators are required for me before I engage in the trade.
Untill now Its going like Yellow line...Crosses are dangerous
The next 2 weeks in the market will likely be a roller coaster ride of volatility and emotion for inexperienced traders/investors alike. I see red flags everywhere in the markets. Lots of bearish divergences, rounded tops, complacency, bullish sentiment. New high after new high in the traditional markets, with cryptos also on a nice rally. I've been keeping...
Like GBPUSD, GBPJPY also has a Bullish Bat setup that B point hasn't touch Fibonacci Retracement 50%. Although it is a similar setup, there are 2 things that GBPJPY came to a bit short compare to its big brother GBPUSD. 1. The Friday candle close haven't touched Point D. 2. Point C touches Point A candle body. Where we can wait for #1 to fulfil but #2 is a...
We are so bullish till we hit and break the second one.
This analysis I think speaks for itself and it is just a warning to those who see it, to temper their enthusiasm and be careful. Like in 2019, we have a CME gap at the bottom of this bull run, around 23k to 26k. There is a credible chance that these strong parallels in circumstances and fractals as circled are more than just symmetry. This local top is shaping...
Good Morning Traders at least in Europe! Honestly speaking, I can't quite understand the indices anymore but what matters my opinion? The S&P500 is rising and rising. Even if the market faces a resistance then there's no resistance in the market. During RTH the market went quietly up and resides around 3430 almost all day long. Immediately during ETH after...
A Bearish Bat pattern has formed up earlier and we had engaged the trade. This post was delayed due to the 10limit post per day restriction that was set by tradingview. I had written them a feedback hope this can be fixed. So back to our analysis, this was a perfect setup as the bearish bat pattern was formed on the sell zone area on this trend trading setup,...
GBPAUD has a reputation for significant movement as a currency pair, and it is not the most suitable for Harmonic Patterns. This trade has two major disadvantage to the setup: 1. Pattern completion is overextended 2. There is a strong bullish candle on D, and the market immediately went into consolidation. Why do I still engage the trade? 1. RSI Divergence 2....
A bullish bat set up for a trend trading opportunity has 2 warning signs: 1) A potential head and shoulders setup on the daily chart. 2) A consolidation at Point C may signal a small sell zone to some trader and gain momentum for the bearish run. I will wait for candle confirmation before engaging in this trade. You can choose if to join us on our TIP community...