ForexStoryteller

ForexStoryteller Updated 

I've been away quite some time,. working on strategy and just growing accounts. This is to serve as a trade record for forex. I also trade futures, but that is too fast for here. Current Active Trade: Current setup is I have a short from 1.08023, entered yesterday post NFP. Thinking the extension is a clean breakout from the triangle pattern over the last week...

ForexStoryteller Updated 

Continuing but with fresh charts from the first idea (Shot call no1) and now to catch the second leg of the idea since last week. Things look according to plan, despite getting here a different way, the price points and bias are still valid. Short was activated at the target of the last idea, Trading strategy is Risk on 100% of the time. If it's going let it go,...

ForexStoryteller Updated 

Trading currently on just "I've seen this before". This is traded in the same account, so p&l will be listed separate for each idea. Typical situation I have seen many times over, price will drop, then come back just as fast with a stall near the lower portion. Trading the completion of the expected pattern (drawn in blue) and then looking to short from the...

ForexStoryteller Updated 

Looking at the overall I see a major level around the 1.094s, with 1.096 being most likely as the EURUSD tends to favor that particular pip area in each major price mark (*.***6**). This looks like a "Shelf" area of support where a lot of buying took place before. Seeking Long out of the 1.09s but in the meantime looking for a liquidity run short into the long,...

ForexStoryteller Updated 

Taking a look at the overall momentum shift and the extreme extension of the up trend is giving indication price is wanting to retrace. Expecting a head and shoulders to form based on the sub levels marked in grey, and resistance to fall below the trend line, but ultimately sellers could look to pile on to make the final push. 0.02 lot at 109412 sell is started,...

ForexStoryteller Updated 

Over the last few months, I have come up with a mathematical system to maintain control of the points that matter with different hedge techniques. Little Late getting the chart made and posted, and been away for a while deep in R&D. Now I trade from the end to the start with reverse engineering, and mathematical balance.... I'll demonstrate Current set up was...

ForexStoryteller Updated 

Waiting for price to come into 1 of 3 levels between 1.085-6 and show reaction, then going long. Looking at previous activity in the current area, it looks as though short term we may be in for more of a push down, but long term, we have what appears as solid support in the areas of the 3 red lines. I would bet the biggest players are waiting at the lowest...

ForexStoryteller Updated 

I've seen this one too many times... Price is making a tight climbing channel, but eventually once it reaches near the top of the last highs, it will fall out (usually) Looking at about 4.75 r, using a 15 pip stop, order placed at 1.07193, 1.07347 for the stop, and target the larger channel line from the previous downtrend, 1.06289 or around the last area, as...

ForexStoryteller Updated 

This buying attempt looks to be failing, as the buyers are losing power in getting the turn. We're in a daily zone, but it's roughly 75 pips wide, and we're near the extreme upper levels. This breakdown makes me think the next possible level is around 1.053. with a lot of buyers in the market, there should be a heavy concentration of stops just below the last low...

ForexStoryteller Updated 

Looking at a multiple touch on the 1.071 level, and observing a lot of buy-in action throughout the last few trading days. Market entry taken and using a super small stop, 1.07, entry at 1.0781, and targeting the 1.08 round number as the target. The long term curve on the bottom shows support building in and the current set-up has a defined horizontal support....

ForexStoryteller Updated 

Watching an overall channel in the price action, and still waiting for the bottom entry in the linked idea, just also placing a sell limit with the same price outline. Assuming pattern will continue and keeping orders on the line, the sell however will continue a bit further as the channel is a downtrend. Using double orders, with one set for slightly more than...

ForexStoryteller Updated 

Still expecting some sort of turn in the market, not quite a full on revers it doesn't seem, but at least a turn to retrace. Looking at the price action with a different perspective, I see an overall downward channel still happening, and expecting to continue until it breaks out... Currently looking at a trade entry assuming price will pull back and try to reach...

ForexStoryteller Updated 

Taking a market entry long in anticipation of the turnaround coming in this area. Using a slightly larger than normal stop by going below the daily level area, leaving plenty of room for price to float around. Expecting the turnaround soon as a double bottom is well defined, and seems to have a bit of hold. Also looking over a larger time span, it looks as if...

ForexStoryteller Updated 

Looking at an overall strong downtrend, and getting solid rejection on the 5 minute time frame. Entry taken at market value, stop above 1.0837 and looking to target just shy of the next daily level. Price will have to move through some smaller levels to finish going down, but I do believe it will stay the course. The downtrend line leading down from the highs is...

ForexStoryteller Updated 

I've been waiting for a reaction around the 1.084 levels to see if there was some interest around the area. Judging by the open of the week, paired with natural behavior of the EUR where it goes one way then reverse a bit into the day, I'm taking this reaction curl as a sign the trend is ready to make a retracement move back to 1.096 or so, which sows a lot of...

ForexStoryteller

Overall uptrend for quite a while, though it did just change from shallow to steep in one quick move recently. Price is slowly making it's way back down to the area it ejected from before, and currently at the 50% fib level. Assuming it does not turn here to go back up, I would expect price to continue it's slow decent into the demand area below around the 167...

ForexStoryteller Updated 

Looking at the extreme push up, expecting a retrace back down from the 171.2 range, with a sell limit placed to catch the entry. This is the ideal price action entry where price will come to retest the break of the short term trend line and also a previous short term support, that should turn to resistance, and begin to make its way down from there. Price testing...

ForexStoryteller Updated 

Looks to be a retest of a consolidation zone over the long term. It has tried breaking upwards in the past, but has been pushed back in. Looking at the upwards trend line, followed with the key level of support as the entry point, and looking to target the highs just shy of the top resistance area, counting on a little more consolidation just in this upper range....