I am currently long on the Cypher. I had to adjust my entry to make it fit my maximum risk. In other words, I moved my entry a few pips down in order to risk no more than 100 pips. Just keeping you updated
All the hard work have been done. Now, I am just waiting to see if the double bottom forms. I already missed a daytrade on this pair in the beginning of the week; I hope to be able to enter here. Both targets are based in structure. You can look left and see why my targets are there. Following the plan!
Yesterday, I was thinking bearish and had a valid opportunity to go short, a Gartley pattern. I posted the idea, but had to cancelled my orders due to non-farm payrolls, and after the fireworks, the Gartley was already invalid. However, we now broke structure to the upside, making a cycle bottom. We must remember that we are still bullish on the big picture, and...
The last two patterns were losers, and I took a relatively big loss on them. But, that doesn't mean that I have to scare myself out of the next opportunity! It doesn't matter if it wins or not as long as I am following the plan! ...I hope it wins though haha. I hope you all are having a wonderful week of trading!
I just had a winning trade on this pair on the previous double bottom. I was stopped out for break even on my second position before it rallied up, but I got target 1. On the other hand, now, we may have to enter again. There is a potential 2618 forming up. Tomorrow we will have Non-farms payrolls, so I will have to keep an eye on that. I will not enter any...
I got filled on the Gartley while I was sleeping. I had been stalking that zone for a long time, and I got a chance to enter. However, for those CTS traders or structure traders there may be another opportunity to enter. I know that if I were not on the Gartley, I would go short on a double top because it fits my rules. Anyways, good luck this week! Comment your...
My analysis on the higher time frame tells me that we are bullish and have room to go higher. However, we if I am wrong on this trade, I would have to enter again on the next green box because my analysis would still be valid. We would still be Bullish on the Higher time frame and looking for an opportunity to go long. We have news at 8:30, so I will have to keep...
I moved my stops a bit so I could be above previous structure (1.0265) and have extra protection. I was filled on Friday. Let's see how this plays out. Have a great Sunday!
I may no be able to take this because I am about to go to sleep, it is about to be midnight where I am. The double bottom may form while I am sleeping. However, we never know. I could also enter if I get a 2618. On the other hand, we have a few patterns in the radar for tomorrow and a current short position on USDJPY. Wish you all the best for this week!
We are coming from a major structure and we have been on a bullish trend ever since. We broke the previous outside return, and the price is now pulling back to previous structure. We may have a bullish Gartley at structure as an opportunity to get with the trend. For CTS traders, we also have an ABCD pattern with Fibonacci confluence
Sorry for posting it late, I have been busy. I actually left my orders with an ATM strategy and I got filled but the stop and targets were not placed. I guess that is why we forward test, right? I have no idea why that happened but I will have to figure it out. Anyways, if you front run your orders you may have been filled. We are on a bullish trend and with room...
Although we have to take every single pattern, this one actually completes at a good level of structure. We just broke structure and are bullish on the higher timeframe, and now we are testing the OR (look at the 4H chart).
Good afternoon traders! This is actually my first trade on my forward testing!We had a very bearish trend, and we just reacted to previous support. However, this reaction formed a nice Cypher pattern that lines up with previous structure. I already got filled; let's see how this goes. Have a nice day everyone!
We are on a bearish trend on the higher time frame, and we have not tested the support level that is "expected" to test. We look left and seek for the previous outside return for an opportunity to go short. The market went over bought, and I am now waiting for a double top to enter. One could certainly look to trail second targets for a retest of the lows....
The market is on a heavy bearish trend, and the next support on the higher timeframe has not been tested yet. Given this circumstances, I immediately look for opportunities to go short. We look left and look for previous structure. Now, we may put a double top at structure giving us a nice opportunity to enter. However, if we continue higher, I will look for the...