SAILBOATEVANMOSERS

SAILBOATEVANMOSERS Updated 

Follow the blue line. If it develops like the blue line, the trading pattern is being verified. Same with after entry: if the pair does not move like the blue line, I will look to get out extremely fast, with immediate closing of the trade, so I am not stuck in a trade that isn't part of the trading plan. In essence, a simplified way to think of this is...

SAILBOATEVANMOSERS Updated 

Let the current drop complete (it will be a sharp drop). It isn't, though, like a catching a falling knife. Rather, it is like taking a pair at the bottom and riding the next swing up.

SAILBOATEVANMOSERS

The charts are indicating that USDCAD is about to turn upwards, making a bottom (ie: as part of its sequence of higher high and higher low). It is about to form that higher low. My trade is geared at getting in at the bottom of that higher low. I have already set my limit orders so I can be in the trade when the price comes to my satisfactory price point.

SAILBOATEVANMOSERS

Expect to see a drop with some amount of momentum (ie a pretty quick, but short lived, fast drop). That is going to be the bottom. Once at the bottom, catch it for a nice move up. Things that will confirm the setup: 1. We want to see that expected drop in a quick short fast burst that looks scarily strong--to the point where you might even think it would be...

SAILBOATEVANMOSERS

Try to take a short up move from this pair as it looking to be moving in a range.

SAILBOATEVANMOSERS Updated 

This setup is coming along. Look for pair to double top. Entry is dealer's choice. For me, it is a limit sell order with known RRR. If this thing goes the way the indications forestall, it can very well 10x the initial 1R Enjoy.

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There is obviously no guarantee that EURJPY will do exactly this. However, that is the wrong way to view this. It isn't whether it does what we want it to do. Rather, we observe and see what comes next. AND if what comes next develops as we theorize, then that confirms our reading of the chart, in which case, get ready for a nice short.

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Here is another bottom forming. i'll Catch it at the bottom and ride it quickly up. I will manage the trade and move stop to b/e and lock in profit along the way. I don't intend to stay in the trade for too long, as the move will be swift. If I don't hit the target of my take profit, I will manually manage and lock in chunks of profit.

SAILBOATEVANMOSERS Updated 

Watching this current retracement for its bottoming out. Earlier a triangle was potentially forming, but that has been invalidated. However, long set up continues to take shape. Watch for bottom formation, get in with good rrr.

SAILBOATEVANMOSERS Updated 

If we see that triangle, look to trade the break bullish. Liquidity is building. A move is in the plans. I will be patient and let the pattern form on the chart to confirm that such a triangle gives us some profits that are easily captured.

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The fast strong move is a bank move. Fade the top for a quick 2 x rrr profit and get out and wait to see what happens next for the next swing. My plan is to trade the quick pop down and clean up some liquidity

SAILBOATEVANMOSERS Updated 

long trade, 2x RRR. EURGBP is about to turn the corner. I have an edge on the market. It is as though I get insider info directly from the charts when I read the charts like an insider because I can tell what the institutions are thinking in their mindset. Even if I don't always read it exactly, I absolutely am inside the brains of the big players, and they...

SAILBOATEVANMOSERS

EURCAD. If this goes as drawn (shoots up . . . nearly in a straight line), then fade is the trade. Watch and see if it does shoot up in the next hours. Boom Boom. Fade a topper. GG.

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This move is about to reverse. I don't know the exact top. But I will try for a fade, and scale in my fade. I will monitor once I am in the profit. Aim for a 2x RRR TLDR: This is about to top off. Exact top is not known. None-the-less, I have a limit order to fade, for a quick move to the down side and take profit. Lock in Break even to manage your stop loss.

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Watch for that support area as indicated by the trendline. This thing likely is breaking to the down side. Chart pattern shows that setup will have a somewhat chance of playing out this way, with a few bounces off the support and then breaking, as liquidity floods in later in the london/NY session

SAILBOATEVANMOSERS Updated 

The big players are now in accumulation phase, where they are picking up the liquidity at the bottom of the range (as drawn above). We will be accumulating the positions along with them during this time, getting in at the bottom. This phase is expected to last for another half day to a full day. Then, we ride the pair to our profit target, and thank our...

SAILBOATEVANMOSERS Updated 

Looking at RSI, this move will take a retracement, and then continue the next swing downward. Let the pair come to the .618 retracement level, and short there. Target is the 1.618 or 1.272 retracement of the swing up. cheers. RSI is showing strong indication that this move is not done. It is currently making a retracement (ie the current swing upward). As it...

SAILBOATEVANMOSERS Updated 

This down move is exhausted. Let the pair rest, and go make a 1,2,3 bottom. A one-two-three bottom (as labeled) is like a double bottom but the bottoms don't have to be exactly even. That is why I said 1,2,3 bottom. You can think of it as a double bottom. At the end of the double bottom, go long. All of this will take several days this week to develop. Be...