NeoDaNomad

NeoDaNomad Updated 

Big rejection from resistance happening, I'm going to see if I can get 30 pips from that bearish momentum.

NeoDaNomad

Short from level. The pattern's a lot easier to see on the 3-5 minute level but it's there. 15 pip stop 30 pip take profit

NeoDaNomad Updated 

I always look for an overnight trade and this one looks interesting. If I see that last low taken out on the 1HR some time before I go to bed, I might be tempted to get back in.

NeoDaNomad

Bulls have been in control for the entire New York session, but I've been hesitant to go long, especially because the Euro's been in a downtrend since the beginning of February. I would have to see the Bulls take out the last high on a higher time frame like the Daily to take this upward momentum seriously. That would be a serious break in structure, undermining a...

NeoDaNomad

We're at the top of a downward channel, so price could reverse. But there's also a continuation pattern at play, so it would be smart to wait for a higher high, or a lower low, to confirm the move.

NeoDaNomad Updated 

There's my channel! I've been waiting for this one. See my last post for more info.

NeoDaNomad

These are so unpredictable, I prefer not to trade until they break

NeoDaNomad Updated 

You might have noticed that the last month was has been the the breakout phase of the the overall market cycle. Beginning May 12th we saw the beginning of a counter trend expansion, which has conformed to a gann fan pattern for the rest of the month. This month should be characterized by a bearish reversal, and a transition into the trend phase of the market...

NeoDaNomad Updated 

There's a channel forming on the higher timeframes, usually a good indicator of things to come. Long looks like the best bet today.

NeoDaNomad Updated 

I'm looking long after a close above the last pivot high! Price retraced to demand and reversed. I need a higher close to confirm the move.

NeoDaNomad

The fact that I missed both of these is getting on my nerves, especially since using regression lines to spot patterns like these is a good 30% of my strategy. I've been incorporating supply and demand into my strategy over the past month or so, and I think I've gotten too focused on just that. Somewhere along the line I stopped tracing regression lines through my...

NeoDaNomad

Stalemate, on the chart. Two 20 pip moves came after the open, but both in opposite directions. Looks like a boring day ahead. I'm going to sleep.

NeoDaNomad

The Dollar's been killing everything this whole year, but I think that's about to change. This week the US 10 YR's could fall away from the high price reached in May and start falling back down towards demand. Every time frame down to the 15 minute chart --there's an ascending triangle forming just inside the supply zone on the 4hr and 15-minute charts--seems to...

NeoDaNomad Updated 

The best entry already came for this trade but there's still plenty of profit left. Price is leaving the supply zone now.

NeoDaNomad

What Happened: Price broke market structure in mid-May (price broke out of the bottom of consolidation zone, now the supply zone, and then broke higher). About a week later, the top of the downward channel was not respected. A strong rejection would have given a good indication that although market structure had broken earlier in the month, the down trend would...

NeoDaNomad Updated 

things look like they're going as planned. I''m just waiting for price to close above the last pivot high, from there it's a good chance we might see a breakout to the upside, and hopefully an even stronger move to back to the bottom of the consolidation zone and later the top of the daily downward channel!

NeoDaNomad Updated 

Well, I'm thinking the reversal will finally happen after a really explosive move up for the EURO. Stochastic's been diverging for the past two days almost yet price just kept creeping higher, that was until yesterday afternoon. I placed my trade short but set my TP for 20 pips since I wasn't going to be monitoring my trade at all. I'm going to be looking for the...

NeoDaNomad

Wait for the reversal. I could see price getting sandwiched in between the 1Hr channel and the top of the Daily channel. I’m going to wait to see which one wins before making any trading decisions today. If I was a betting man, I’d go short, but this isn’t a casino. Wait for the break and catch the retest, that’s today’s plan.