Matt-The-Trading-Cartel

Matt-The-Trading-Cartel Updated 

After such a clean impulse long we are looking to see how the counter trend move after forms. Because of the wick at the end of the impulse we are expecting a deep pull back. Once we form a middle section and the pull back starts to look like a flag then i am happy to place an order at the end of the range.

Matt-The-Trading-Cartel Updated 

After such a clean impulse long we are looking to see how the counter trend move after forms. Because of the wick at the end of the impulse we are expecting a deep pull back. Once we form a middle section and the pull back starts to look like a flag then i am happy to place an order at the end of the range.

Matt-The-Trading-Cartel

Price has impulsed out of the descending corrective nature and forming a clean counter trend move. Impulse is slightly messy due to NFP however it has still popped nicely out of the channel and back over the 1hr ema . Will be waiting for at least an hour after market open to then see what price action is doing before considering placing an entry order.

Matt-The-Trading-Cartel

Price has impulsed out of the descending corrective nature and forming a clean counter trend move. Impulse is slightly messy due to NFP however it has still popped nicely out of the channel and back over the 1hr ema. Will be waiting for at least an hour after market open to then see what price action is doing before considering placing an entry order.

Matt-The-Trading-Cartel

ust looking at the recent price action on EJ and we are starting to form a very nice corrective ascending channel . Will be looking for a clean drop out and continuation from this for a short term short trade. As there is no clear Higher time frame structure to this will not look to call the top and only be interested in continuation trades on the drop out.

Matt-The-Trading-Cartel

Just looking at the recent price action on EJ and we are starting to form a very nice corrective ascending channel. Will be looking for a clean drop out and continuation from this for a short term short trade. As there is no clear Higher time frame structure to this will not look to call the top and only be interested in continuation trades on the drop out.

Matt-The-Trading-Cartel Updated 

Now that we have a clean impulse breaking out of a descending corrective pattern i will be looking to take this trade long. Will have to wait and see how this continuation forms over the next few hours.

Matt-The-Trading-Cartel

UJ is once again at the same key area as the previous last 2 big short trades. Still needs a bit more development on the 1hr time frame for me to take this as a risk entry however i will be keeping a close eye on this at the start of next week. If we fail to get a clean pattern before the drop ill look to aggressively take an entry on the first continuation that...

Matt-The-Trading-Cartel

UJ is once again at the same key area as the previous last 2 big short trades. Still needs a bit more development on the 1hr time frame for me to take this as a risk entry however i will be keeping a close eye on this at the start of next week. If we fail to get a clean pattern before the drop ill look to aggressively take an entry on the first continuation that...

Matt-The-Trading-Cartel Updated 

The higher time frame structure on EU is still Showing us that we will likely have a big move to the down side coming. The next key area to be looking for this short will be back up at the DT. Ideal set up on this will be another 3 touch mini ascending at the key area, either the DT or at the bigger 3rd touch trend line. There is however potential for a short...

Matt-The-Trading-Cartel Updated 

Price has impulsed up out of the recent descending channel and is now starting to form a clean continuation. Will be watching this close over the next few hours, looking for it to drop a bit further and then retrace before entering.

Matt-The-Trading-Cartel

The higher time frame structure on EU is still Showing us that we will likely have a big move to the down side coming. The next key area to be looking for this short will be back up at the DT. Ideal set up on this will be another 3 touch mini ascending at the key area, either the DT or at the bigger 3rd touch trend line. There is however potential for a short...

Matt-The-Trading-Cartel Updated 

Now that we have some clear descending corrective nature price action on CJ, We are looking for a clean impulse break of the recent high and then i will be placing a sniper entry order. As you can see we had this exact same style of set up recently out of the last corrective nature that played out for almost 5% to the 3rd touch on the trend line. Over all the...

Matt-The-Trading-Cartel

Patterns withing patterns are some of the highest probability trades that we get. We now have a clear mini ascending channel forming inside the larger ascending with potential for both the 3rd touch areas to line up. Price could however form a continuation here and then drop so we will have to be patient and wait and see if price can correct up to the key areas...

Matt-The-Trading-Cartel

Patterns withing patterns are some of the highest probability trades that we get. We now have a clear mini ascending channel forming inside the larger ascending with potential for both the 3rd touch areas to line up. Price could however form a continuation here and then drop so we will have to be patient and wait and see if price can correct up to the key areas...

Matt-The-Trading-Cartel

Now that we have a clean impulse out of a very corrective ascending structure, I am looking for an entry on this continuation. Need price to stay within the previous high and current low as it forms this counter trend move. This small break out of structure can now potentially evolve into a simple fake out and price could now fall all the way back into the pattern.

Matt-The-Trading-Cartel

Now that we have a clean impulse out of a very corrective ascending structure, I am looking for an entry on this continuation. Need price to stay within the previous high and current low as it forms this counter trend move. This small break out of structure can now potentially evolve into a simple fake out and price could now fall all the way back into the pattern.

Matt-The-Trading-Cartel

Price has given us a very nice impulse out of a corrective ascending channel. This was forecast in a previous post. All we need now is clean continuation within the previous high and current low and i will be entering this position with 2 trades one to manage aggressively and one to hopefully hold for the larger move to the downside.