DoubleTop11

DoubleTop11

As we all know, not all trades work out. Again this counter trend idea didn't work out. As we saw no confirmation off the daily to support the bounce off the trend line and zone confluence. I believe that following the trend is hardest and best way to always go. You will have losing trades even when following the trend so why compound things by looking to pick...

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Looking at a possible counter trend long on USDCAD as price is revisiting a upward trendline drawn from the yearly lows. This area is also a nice demand zone area on the daily timeframe. However, we should consider that the Trend is Down on the weekly and just left a weekly supply zone.

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on the AUDJPY I'm waiting for the breakout and confirmation of supply areas as highlighted on the weekly and daily charts. Again I'm using trend (which is down) to assume that the breakout of Price Action(PA) will be down. As we look to the downside we look to break a demand(support) area from 2009 as highlighted on the weekly chart. To find out more about my...

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Looking at the USDJPY the trend is down and we are coming very close in getting a breakout to the downside. Technically speaking we are very strong in a down trend. Yet fundamentally, most would say that this $100 is hard support as it's a whole number and the jpy is very weak as a currency. Personally, I'm more of a technical trader and feel that the...

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price is starting to consolidate inside a daily demand level while we have been in an uptrend. I'm looking for PA (price action: order flow)to confirm this level and see a couple of bigger bars to the upside. As institutions confirm this level then looking for profit targets @ the previous highs.

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We have been down on GBPCAD for a while. Forecasting that it will continue, we are approaching a wonderful continuation zone that COULD work out to the down side. A market to definitely be watching over the next few days. Right now we can not truly define the risk on smaller timeframes other then the daily. So we will watch 4 hour and 60 min supply zones until...

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Supply Zone confluence lines up for 6 timeframes, weekly daily, 4 hour, 1 hour, and 15 minute. All pointing to short @ 78.57. Yesterday didn't get the setup of price action confirmation but maybe will today.

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Flip flop of Supply Demand and zone confluence from 3 different timeframes. Gap Close for first target.

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Short off a trendline bounce that confirmed a weekly/daily supply zone confluence, T2 now at the bottom of the weekly range.

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60min Supply Zone confirmation of the Daily S Zone area. Flip flop of S/R happening in this general area as well.

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Price did an awesome job of reloading into Daily, 4 hour, 1 hour supply zone confluence. Now I'm waiting for price to confirm this level then will look for the short back down to weekly/daily demand.

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I'm looking at shorting the AUDUSD as price as confirmed the Daily supply level and has formed 2 60min resistance zones to confirm this move to the short side

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So far news from AUD has helped establish a flip-flop of Support become Resistance. Looking now for price to retest daily and 60min demand below .9500

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Looking for a Flip-Flop of Support become Resistance or Demand becoming Supply on the big Daily/Weekly Levels.

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Swing Trade idea is that we are @ the bottom of the weekly range on AUDUSD. I'm looking for support to break @ .7409 and the downtrend to continue from the weekly zones formed last year. So we are coming into a major decision point here.

DoubleTop11 Updated 

Short out of a 15min level using PA to confirm the short