TheSpringHunter

TheSpringHunter Updated 

Notice the area of Resistance. Also, the price already moved a few times in equal measured moves. Also, price is at the 200 EMA of the 4-hour chart. That might be an area for an excellent risk-to-reward trade, although at the moment looks like the price is making higher highs and higher lows. We might wait for the price to do a fake-out move down on maybe the...

TheSpringHunter

A bit noisy down the 30-minute chart, but if this last 30-minute bar closes in the green this is a long one. Stops were taken and the price can go up. Longer-term charts say the trend is up. Also my setup worked several times in the form of AB=CD Spring setups and when my setup works I know we are in an uptrend so I have to take them all. Highlighted areas might...

TheSpringHunter

A bit speculative, but betting on previous high taken which means stops were taken out and now we can have a move to the opposite side of the range. Also, notice the small gap that was formed. Some additional sign of strength for a short. Also an AB=CD bearing. On the daily chart, the EMAs are quite flat. This is an asymmetric risk to reward trade, not a...

TheSpringHunter

EURAUD, Double top, AB=CD bearing, overall looks like a range. There is a visible ranging action. One way is to enter with a stop around the 1 ATR measure. This give a space for the price to take the stops of the low prior to the current one in case this one fails. I'm not too fond of it wider than this as the risk to reward gets worse. Currently 1 to 4 i...

TheSpringHunter

Potential Gartley222 playing out which is an AB=CD at the 78% Fib retracement level. In this case with the trend. I am mindful of the 0.8800 level so will place an order there. I can miss the move as it is slightly above the 78% retracement, but prefer a smaller stop loss for a bigger potential reward.

TheSpringHunter Updated 

Upthrust short setup in the direction of the 4-Hour 20 EMA. The previous 4 Hour bar is a doji, we are at the moment playing in the middle of its range, hope I'll be able to stage out at least at 1 to 1 which is exactly at the other range of the 4-hour doji bar and leave a runner. Not an equal AB=CD, but a good reaction from a previous support/resistance level in...

TheSpringHunter

Short opportunity in the form of a harmonic Gartley pattern or simply an AB=CD at the 78% retracement level. This is with trend trade, the price at the moment is at the Weekly 20 EMA. Hope for a bounce from there. The risk to reward illustrates the distance to the 161% extension. It's a long way to go so if you decide to run this as a runner target, you better...

TheSpringHunter

Planning to buy the 78% Fib level (if the structure doesn't change) which also is a previous support/resistance level. Stochastics is also showing some hidden divergence. Longer target is the 161% extension. Look on the left - the same setup played out pretty well. The 161% extension was reached in a bit over 3 days. Why do I mention that? In an uptrent the...

TheSpringHunter Updated 

Something I was observing for, but didn't enter. One way to trade Gartleys is to enter directly at the 78% retracement lever with a stop behind the previous high/low. (Point X) There was no good signal bar at 30 min, 1 hour nor the 2 hour chart so this was a viable way. In this case, one-to-one was already reached. Larry Pesavento suggests for targets the 38% and...

TheSpringHunter Updated 

I am placing an order where the red box is. Entry is the upper side and stop loss is the opposite end. Placing my order behind a previous low where naturally stops will reside - this low is also a previous daily bar low. My entry and where the AB=CD ends is at the 20 Daily Moving Average so expect a bounce from there. The fans of harmonic patterns can recognize...

TheSpringHunter Updated 

Entering hoping the reaction from the measured move will allow me to move my stop to breakeven. Also anticipating the stops behind the previous low will serve as a liquidity boost to move the price upwards. The risk to reward is just illustrative.

TheSpringHunter Updated 

Simple AB=CD retracement, buying almost the level which is also below the previous week's lows hence a level where a lot of people will place their stops. As for trade management, I might close half and leave a runner either at the previous highs or use the Fibonacci extensions for a target.

TheSpringHunter

AUDUSD is in a very visible trading range. In such conditions, Stochastics can be of great help. In this case, just wait for the price to enter one of these zones. It would be best if the Stochastics is in the overbought or oversold zone, but the price will be enough. One option for entering is to wait for a trigger bar and then pay with a wider stop loss. A bit...

TheSpringHunter

Solana was consolidating after an excellent move up. The consolidation looks like flagging to me and happened on lowered volume which is what we want to see. Price pulled back to the previous support where it bounced and formed a pin bar indicating my favorite Spring action setup. The Spring offered a 1 to 1 opportunity for scaling out. Now there was a visible...

TheSpringHunter Updated 

That can be a valid entry for an Upthrust from an obvious support/resistance line. Previous high taken and price reverses. Some people call this a fake-out, you can see it as a double top in a downtrend. It's a matter of interpretation. The longer target is the 1 to 1 AB = CD shown in the chart. Higher timeframe confluence: Daily is below 10 EMA although overall...

TheSpringHunter Updated 

Longer term direction: 4H chart is in a downtrend, with a visible Resistance level where we try to enter. Also, the daily chart has 10EMA below 20EMA. Potential Wyckoff Upthrust with a good Outside bar for entry at the 2H chart that can give an excellent risk-to-reward trade. Target1 is 1 to 1 move or the nearest low and Target 2 is the 161% Fibonacci...

TheSpringHunter

At the open we sew a run-up on raising volume and then the whole morning we see consolidating on minimal volume. For those of you who are fans of indicators - Stochastic is not in a good position for a long, but in case some reverse divergence forms later on the 15 min or the 30 min that will add up to the odds for an explosive move up. If I see a breakout out...

TheSpringHunter

The entry bar is not perfect, but we have a move below the resistance area and a big volume coming for the bulls. That might be a good Spring setup. Risk to reward is excellent. If you close half at 1 to 1 and then aim for 161% extension you have close to 1 to 3.3 RR trade.