


TheAlcoveFx
Hey Traders, So I am taking a look at GBPUSD and we did get a break below Close below, which to me is an indication price wants to continue going lower. So I have laid out two areas for a potential short. I want to see some reversal candlestick formations to help me get in short, also the RSI being overbought will also help me as a reason for entry. If you have...
Hey traders, Been seeing a lot talk on the chat about this pair, so just wanted to give you my outlook as well. By the look of price action, its indicating to me bearish. There was a cypher on the Hourly timeframe that allowed me to enter short, however, we might see a push up higher before we get the continuation lower. Remember, to follow your plan and don't...
wow, its been ages since I have posted here. Sorry guys, I have been very busy. But this morning I had a chance to breathe so I decided to show you what I am keeping an eye on. I am waiting for price to come back into previous support now turned resistance on the Hourly Timeframe AFTER it breaks that last level of support down at 138.000 even handle. We had a nice...
Hey Traders ! Feels like it has been almost centuries since I have posted on TradingView. Unfortunately we haven't had that much action so there has been little to share. Right now, we have a AT MARKET cypher Pattern that we are Active on. I entered at 115.063, I will be actively managing this trade since we have news coming out in around 45 min and we are...
Hey Traders, Good morning, hope your week is started off amazing just as mine has. There isn't much on my radar this morning except for some pattern formations. Today on EURCAD we have a Bat formation coming back down to previous support. If you ask me truthfully, I think that if price comes back down, it might be coming down to break that level of support....
Hey Traders ! Feels like its been forever since I posted, markets have been providing me with little opportunity so there hasn't been much to post, and If I posted ever idea that I had, then this would be a signal service instead educational content. Today I want to give you guys a look at GBPJPY. So I have been following this pair for quite a bit now and its...
Hey Traders, So taking a quick look at EURUSD I'm keeping an eye out on a retracement, at this point I have no clue what the market will do, since we are bearish on the HTF and bullish on LTF, but like always, I keep my views objective and identify the main levels of support and resistance and see where the market is more likely to pause, reverse or continue....
Hey Traders, Hope your 2017 is off to a great start! Today we have a gartley close to completion and this is a GREAT Risk/Reward gartley because of its deep retracement.This gives us a phenomenal opportunity to get in long and risk very little at the same time. Like always, if you have any questions feel free to comment below !
Hey Traders So this is still working on the idea that I last posted, I am going to tag it below so if you haven't seen that one, go check it out first and then come back. I'm going to break this post down by the three different trade options we have, that way it will be easy to digest. Keep in mind, the goal is to show how there are multiple ways of tackling...
Hey traders ! So as we wait for our EURGBP trade to unfold, There is something else on the radar that we can be taking advantage of. This is a structure trade using some simple tools to validate and confirm the trade. The trading opportunity comes from the bearish outlook on the trading timeframe, and recent bearish sentiment on the daily timeframe + the...
Hey Traders, So I have been giving you guys a bunch of patterns and every now and then its good to show you some structure trades we take inside of Forex TV . This one is simple yet it can look a little bit indimidating to the new trader so if that's how you feel, don't worry, I will go over it right now and hopefully you will get a better understanding. The...
Hey Traders, Good morning and good year ! I hope you had an awesome vacation and time with those loved ones. I had a phenomenal time away from the trading desk, Traveled for a bit, had a great time with my fiance, and we got back yesterday to start settling in. It feels really good to have taken a break from the charts, and now coming back with a fresh look is...
Hey Traders, I know its slightly late, however as I was scrolling through the charts, I remembered about this trade that I was keeping an eye on. This is a simple Trend Continuation trade for me, We are breaking structure to the downside, and now we got a pullback intro previous resistance which gives us a great RR. For this entry, we waited for a lower low lower...
Hey Traders, Hope all is well, Not much on the radar this morning, Just have this cypher on AUDUSD and then I also took a short structure trade on EURGBP. The market has been putting in some violent swings so make sure that you are adjusting properly for that. ME personally I like using something dynamic for my stops like fibonacci extensions, ATR's pivot points...
Hey Traders So far, this pair has been treating me well, it's funny because every week I tend to have 1-2 pairs that perform well, and the others are blah. I have a simple 10 pair portfolio, so I have my USD pairs the majors, I have some yen pairs, and my pound pairs, and recently the pound has been nicer to me than most and it's probably because I have a lot of...
Hey Traders, I hope you had a great weekend, for those in the US that celebrated thanksgiving, I hope you ate plenty :D Today we have a bullish cypher on the radar, The opportunity is valid until we pass our X leg. So pass simply means, we can touch but cannot exceed X, so it doesn't have to close, just pass. RSI being oversold and our bias being bullish on the...
Hey Traders, So the idea I had JUST posted went down in the toilet. So I feel compelled to bring you something else. We have an AT MARKET Gartley on the daily. Now I don't trade this since its way to big for me, BUT I can look for a reason to get in short on the trading timeframe, using the Gartley on the daily as my reason for longer term direction. Being that...
Hey Traders, Good morning and welcome to what I hope to be a GREAT trading week. Why? I don't know, I'm just feeling in that type of mood, so lets hope the market agrees and doesn't fight me on this one LOL. Anyways, Today we don't have much on the radar, just this pattern on EURGBP which is giving us a potential set up, we would just need price to continue going...