After so much success that we've had on yen pairs in the last week or so, we've got another opportunity building up on this pair. Apart from the fact that this bullish gartley will complete at an area where we have a little bit of structure, it also has a favourable risk:reward ratio so it's definitely a trade I'm gonna be keeping an eye on....
This is a very nice set-up, the market has been bullish but we've ran into a little bit of consolidation and that's when advanced patterns generally emerge. So I hope the market will do what i expect it to do. Stops are below the 122.00 even handle. 1.) Watch my video to see why back-testing is crucial to you becoming a successful trader 2.) www.tradewithme.co.uk...
Following my earlier post on this pair, the market has come down a little deeper than i expected so I've adjusted my first profit target to 80.24, which just got hit for a 45 pips profit . The reason for that is because the first target is always the .382 retracement of the CD leg and because the market has come in a little deeper then our profit target has to...
Following my last post on this pair from yesterday, my second profit target was just hit a few minutes ago giving us a total of 80 pips on both position www.tradewithme.co.uk
Following my post from yesterday, my target has just been hit for a 54 pips profit and i have now moved my stop loss to break even. I will soon post another update on this pair for a bearish cypher which is in the process of being completed. www.Tradewithme.co.uk
This is not i trade I'm gonna be taking because i already have a long position open on this pair and I'm still waiting for my second target to be hit (54 pips booked on first target already). This is for anyone who's missed the initial bullish gartley pattern, you might have another chance to get some profit out of this structure trade. These are the technical...
The Yen pairs have been so good to me this week, so far i've booked in 134 pips on NZDJPY(Bullish Cypher) and USDJPY (Bullish Gartley) (Still waiting for second target) and now we have another bullish cypher set-up on CADJPY. This is not a big trade in terms of the amount of pips i stand to gain/lose (35/22) but still, it is a trading opportunity according to my...
Following my post from yesterday on this pair, I mentioned how the market might provide us with a chance to get long but due to a relatively quiet day today we didn't quite get the press back down to the best area to get long on this pair, however, the market is stuck in a descending channel following the strong bullish move we had yesterday and the good news is,...
Following my post from yesterday, the market has now come back a little little deeper than where i said it would but it's still a valid long trade in terms of the structure trade i posted yesterday and if you're a pattern trader instead, the market has given you another alternative by forming another gartley pattern which has just completed. I'm still gonna be...
Just an update for those who took the Gartley pattern trade i posted a few hours ago. The first target has been hit, albeit, for a mere 16 pips profit but hey a win is a win and when you're going through a drawdown these kinda win will help to keep you in the fight. Please also note that i have adjusted the first target because the market has come in a little...
I ony posted this trade set-up this morning and both our targets have now been hit giving us a total profit of 31 pips. For those that took the structure trade i post yesterday on this pair also, we are still waiting for out target to be hit and I'm also waiting to close my 2nd position on this pair after the bullish gartley trade i took on this pair a couple days...
Following my post from yesterday on the structure trade set up on this pair, the market has now reached our target giving us a total profit of 56 pips. The gartley trade we took on this pair early today has also given us a profit of 31 pips on our 2 targets. That's me done for the week. I do have a few position open still. www.tradewithme.co.uk
The USDJPY has now completed a bearish gartley, however, also note that we have a cypher pattern that will complete right above our stop loss but the fact that our RSI has gone overbought, I do believe we will see a retracement, whether that will be enough to hit our target remains to be seen but either way its a valid short.
This pair is continuing to show bearish signs by making new lows and we now have a nice trend continuation trade setting up. If get a rally back in to 1.5070-1.5100, It will be a good place to short. The area also happens to be the 61.8 retracement of the recent downward move and I'll also like to see overbought conditions on my RSI before I take this trade. So...
Following the structure trade i posted on this pair yesterday, the market has now come in to the zone I've marked out yesterday in my post and we now also have a bearish divergence on the rsi coupled with overbought conditions. We can also see the market has come up against a rising trendline support so based on all those technical reasons and the fact that the...
Our Adjusted profit target has now been hit giving us a total profit of 90 pips. It's now 380 Pips and counting in just over a week of trading. Note: I have adjusted the target on this trade because I just got long on a Bat pattern that just completed . The RSI is not oversold yet so this is a risky trade but hey, we can afford to give something back and a plan is...
Well you can't win them all, so we've given a little back and you've got to be able to accept losing if you wanna be profitable. Time to dust ourselves up and move on to the next trade.