InsiderB

InsiderB

Hey Guys, How;s your trading ? Hope all is well... Here in EURUSD we have superb bullish bat setup with awesome risk-reward. I have mentioned target 1 only in the chart, but you can trail stops if EURUSD gets real bullish n moves up further for target 2. Before taking trade check whether 70 pips risk is acceptable for you and its daily timeframe so we need to...

InsiderB Updated 

Before we analyse the setup, realize its aggressive entry purely based on trendlines n price action. If you are aggressive trader and your trade plan aligns with this, then short Eurusd, else just watch how it works out. We won't be millionare in single trade, so no harm in watching aggressive setups but we will surely lose some dollars if it fails :) Happy...

InsiderB

Hi Guys, We have simple 5-wave count & flag breakout setup in EURJPY to hop on further upside movement. In the waves counted above wave (4) & (5) are drawn on assumption. If Eurjpy alters its path,we may need to re-count the waves. Anyway look for flag breakout whichever side its & enter with proper stops. Note : Though current candle is breaking out, ensure the...

InsiderB Updated 

(i) Enter the breakout direction (ii) Use proper stops and enter only after valid breakout (iii) On false breakouts, reverse trade on other direction after confirmation Well, we may get a good trade in GBPAUD.. Happy Trading !

InsiderB

We have two kinda setups in Usdcad : (i) Short Usdcad - if you do trade based on Trendline breaks or Double top (ii) Long Usdcad - Wait for the Bullish bat pattern to complete, then enter long Note : we have support @ 1.3170's zone, for bat completion, it needs to break Follow your trade plan always...

InsiderB Updated 

(i) Valid bearish break of trendline - Initiate short positions (ii) If price action re-tests trendline & moves up - No trades (iii) For upside move, as per my rules risk-reward not favorable, so I will look for only shorting if trendline breaks There are potential pattern setups in NzdUsd I will update them when its about to complete. Before entering anyside...

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Hi Guys, After consolidating for last few sessions, we got breakout in AUDUSD, wait till this hourly candle close and ensure it broke the broadening wedge lower trendline. After valid analysis initiate shorts in AUDUSD based on your risk reward with stops above previous swing high aiming for 0.7600's as Target 1 in Audusd. Note : Current Audusd ( hourly candle)...

InsiderB Updated 

Hey Guys, You all know I don't use complex elliott waves and have my own rules for doing wave counts & I keep those counts as simple as possible. From last week, most of us are confused whats happening with GBPUSD, even in chat rooms there is heavy discussion on gbpusd. When I opened the Gbpusd, ( Note: I was already annoyed with last week), So I skipped & said...

InsiderB

Usually I dont trade butterfly , bcos of resistance zone & price action, initiated shorts. Usdjpy moved already while typing ...

InsiderB Updated 

Hi Guys, Eurusd is consolidating from day's open itself and the unusual calmness indicates a Storm is coming ? Probably a wild breakout in Eurusd ? We have US (ISM) Manufacturing PMI data in 90 minutes, so markets have a reason to get volatile. These are the times we need to be careful while trading Triangle breakouts, bcos it will give false breakouts. As...

InsiderB

Hi Guys, we got bullish gartley pattern in Gbpjpy and check your ratio's before entering the trade. If you are not harmonic trader, do your analysis as per your plan & cross check whether it lines up with harmonic pattern in Gbpjpy. Happy Trading !

InsiderB Updated 

Hi Guys, We have ascending triangle pattern in Usdcad though there are wicks pierced through upside, if you check on lower timeframe (15mins) it may be double top. Just right above current levels of Usdcad we have resistance zone 1.3200's, Usdcad touched n came back. While shorting Usdcad ensure 3 things , (i) Valid breakout downside with close (ii) Proper stops...

InsiderB Updated 

We can clearly see from the chart the corrective wave begins in EURGBP just after the completion of simple 12345 Elliott wave count. Moreover the price is channeling and on every retest of upper & lower trendline in bounces back to otherside and this channeling pattern also insync with our Elliot wave count in EURGBP. So check from your side and ensure the risk...

InsiderB Updated 

Usually people use elliott's to predict direction of breakout, but that also fails sometimes. Lets stick to simple things, so on the breakout direction we can initiate positions in EURUSD with proper stops. Be quick to reverse if false breakout happens even after valid close below/above trendlines. The beauty of triangles are they give big moves and they recover...

InsiderB

We are in C to D move of potential bullish bat pattern, usually C to D trading is very aggressive, so unless I get proper entry with good stops I wont try to catch C to D move in USDJPY. Anyway, that move is prediction, only if that happens bullish bat will get completed. On pattern completion we can initiate longs in USDJPY and 100.00's being psychological level...

InsiderB Updated 

Following the plan, yea thats what we do regularly to become successful in trading. Though My previous patterns hit stops in EURUSD, Am sticking to My plan, that will lead to consistency & success. Feel free to leave your comments...

InsiderB Updated 

GBPUSD retest the support zone around 1.2980's for the 4th time and we have potential double bottom forming in the zone. So once Double bottom & bullish reversal is confirmed, initiate long positions in GBPUSD with stops below wicks of support zone. Feel free to leave your comments/opinions...

InsiderB Updated 

Hi Guys, We are right now in the resistance zone around 1.1215's in EURUSD and based on price action after bearish confirmation you can enter shorts with proper stops. Aiming for D completion ( as target for shorts in EURUSD) will be good idea. We can initiate longs when Bullish bat is completed with stops below X. The shorting is very aggressive so do own...