AuthenticTrader

AuthenticTrader Updated 

This is about as good as it gets. An Inside Day set up has formed. It is near S1 support, and a three month low. Price has made two higher lows and two higher highs.. There is bullish divergence, a signal line cross of the Stochastic, and price has been walking down the lower BB. Further, If you zoom out to the weekly, you see a hammer has formed and tagged the...

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Price has tested this resistance area for 6 months. There is confluence with R1 pivot support. A Bearish Engulfing pattern formed two days ago, and it's resistance was tested by Friday's candle. Rhere was a walk up the BB and now we have a squeeze. There is bearish divergence. Stochastic has turned down and the signal line has crossed. Finally, for Elliot techs, I...

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On the daily chart we took a bearish engulfing reversal signal 220 pips down to 1. 785 level, where our trailing stop took us after market reversed - Swing Low. On the 1h chart we now see a possible entry point to get short as it is possible the completion of the three wave correction has completed. Price is near both horizontal, long term diagonal trend lend...

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Pair has been in an uptrend since October '15. Case could be made by Elliot technicians that the pair has just completed an impulse pattern - five waves as shown by the labels. (I am not EW pro by any means, still there is a five wave pattern.) And with a bearish engulfing, break of the upper BB and Stochastic moving down with a signal line cross, we may have...

AuthenticTrader Updated 

Sell set up for both these pairs as they are both highly correlated with each other (+98%) and both give good signs that short term uptrend is over and market has reversed: On this pair we have Dark Cloud Cover, with a confirming candle. a tag of the upper BB, and stochastic moving down with a signal line cross. All this has happened at R1key resistance....

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Sell set up for both these pairs as they are both highly correlated with each other (+98%) and both give good signs that short term uptrend is over and market has reversed: On this pair we have shooting star. a tag of the upper BB, and stochastic moving down with a signal line cross. All this has happened at R1 key resistance, along with a very strong...

AuthenticTrader Updated 

Strategy as described by Kathy Lien in her book "Day Trading and Swing Trading the Currency Markets" Two Inside days have formed so two orders are placed one to buy and one to sell, 10 pips below the low and high of the nearest inside day. My guess is the sell order will trigger because: Upper BB tag, with Bearish Harami forming near horizontal resistance and...

AuthenticTrader Updated 

Inside day play as discussed in Kathy Lein's Book "Day Trading and Swing Trading The Currency Markets" Two inside days had formed on the chart. Bearish Harami is 1st inside day. 2nd confirms. Short bias as indicated by a tag of upper BB, stochastic moving down w signal line cross, A sell stop order was entered 10 pips below the low of the most recent inside...

AuthenticTrader Updated 

Bearish engulfing formed at confluence of both horizontal and diagonal resistance. Tag of upper BB with this formation. Stochastic heading down. Finally, though I am by no means an Elliot Wave pro, a case could be made that a corrective wave has just completed, and downtrend is resuming with the start of a new wave 1. Stop loss is just above the Engulfing...

AuthenticTrader Updated 

Price walking down BB. BB tag, bullish divergence, and 33 day low confluence for key support level. Bullish candle closes above Hull 10 MA, which is now pointing up. Breakaway gap today confirms downtrend is over and market has reversed. SL will trigger with a close of a bearish candle anywhere in the gap. Short term target R1 giving the short term trader a risk...