Reid_Hicks

Reid_Hicks

Aloha, welcome to the new week! Wanted to share a tip that has helped me save money and kept my psychology sane: Let the market develop for the first few hours before placing a trade. Reason being is spreads are usually steep and the market can be volatile and choppy. NZDUSD was on my watch at the end of last week and my last analysis shows that I would be...

01:26

Reid_Hicks Updated 

Aloha. This could be a quick play short because the recent trend and run has been quite bulllish, however... Daily - showing signs of consolidation and rejection of the 50 ema where price is hovering. 1hr- If price breaks strongly bearish and well below the 50ema, this may trigger me in. 4hr - A better consolidation for this pair to go short would be if price...

Reid_Hicks

Aloha! Here is a missed opportunity at the beginning of the week. I had one trade open on EURUSD L that closed for 1.5%. Focusing on that trade distracted me from a USDJPY S, regardless, here is how I was looking at: I saw a wedge pattern where price is squeezing and since we are coming from a massive move on march 26 and 27, This could be a continuation and...

Reid_Hicks

Aloha,with the dollar (DXY) weakening, Euro could be a temporary long at least to the 50ema on the daily...we'll see what happens there: either a continuation long (a pattern will show us), or a rejection back to form a running channel for clearer direction. Placed the entry right above the 50 ema on both the 15 min and 1hr. First trade of the month. Another...

Reid_Hicks

A L O H A - Strong bearish close at top of HTF descending structure double tweezer tops. 4hr closed with a solid bear candle and with it being at a key area of the pattern, entry order just below the corrective period. 1HR - Currently 5 candle sticks with most of it being indecisive price action in the form of dojis. Mini ascending channel on the 15 minute but...

Reid_Hicks

A L O H A - Daily in area of scoop pattern creating a double top and currently in a corrections which mean it can still head up and touch the outer trend line creating even better scoop/double touch pattern. Multiple ways this can go but the setup are really clean to me, when price moves i think there will be a lot of opportunities here. Let me know what you...

Reid_Hicks

A L O H A - Have been watching this for about a week now and momentum has finally picked up. Currently in a tight bear flag heading downward. Impulse early morning while Hawaii traders were asleep, did not set an entry order but okay as the market always corrects. This is a nice potential entry I am eyeing out at the break of the structure or at the top for a...

Reid_Hicks

A L O H A Hey Everyone, looking to short NZDCAD in the next couple hours after the new market day is confirmed and candles closed. D - At a key area at the second touch of a descending channel with an overall bear market. 4 HR - bearish engulfing at top of structure; descending within a descending; engulfing candle which is a beautiful sign this could be an...

Reid_Hicks

A L O H A Hey every one, staying patient to start the week, haven't place a trade for a week now as am waiting for clearer set ups as we are in an overall corrective market IMHO. There are a few pairs I have on watch but am currently only looking at EURGB S. Weekly - Been in a bearish trend since the second week of august. Strong bear market. D - Major impulse...

Reid_Hicks

After a corrective period for the last few weeks, price stayed within the descending channel in a ascending pattern. Typical "Pattern within a Pattern" which is an edge we use. Price moved off key area at top of a corrective structure. Currently in a tight bear flag correction, eyeing out for a continuation after the first impulse. Hourly and 4HR has solid...

Reid_Hicks Updated 

SHORT USDJPY Currently USD is looking weak, after the first impulse and scooping reaction of the ray line on the 4hr, I'm look to enter on the continuation correction. potential for a +10% ray line of the inflection area is first area of profit. New market day is about to start in an hour so will wait for an entry as I do not want to be taken out prematurely...

Reid_Hicks

Plenty of activity in the markets to start the week! AUDNZD moved nicely. There was an opportunity for a short on the second touch of the outer trend line (reversal high test followed by bearish engulfing candle on the 4HR chart) D - Still a couple of hours away from the close but price is in an overall valuable area as it is just after the third touch within a...

Reid_Hicks

In a high value area on the daily, currently in the area of third touch. First impulse in the high value area so looking for the first correction to enter. Four hour time frame is also corrective but waiting for price to break below structure.

Reid_Hicks

corrective nature. multiple touches on both bottom and top of ascending channel. Engulfing bear candle on the hourly. 20 pip stop.

Reid_Hicks

Aloha Kakahiaka! Hello and good morning! I set an entry order last night on NZDCAD which triggered me into this breakout of the pattern. -could be forming a false breakout out of the structure and fall back into the structure. (possible) Expecting a slow day in the markets; Labor day; US banks are closed. D - Daily is near a double bottom - but it doesn't...

Reid_Hicks

I like what the markets showing! This is what I'm seeing (always room for improvement): D - running descending channel with two touches; possible it's just a correction to break out and go higher to reach 1.01285 level. 4H - Potential to pullback and create a double top for a deeper sell. or even break out for a possible bigger position; both with 20 pip...