dojitrader

dojitrader

Several traders have noted various setups for this pair, theBox I remember for sure, but, I didn't track down the rest. Interesting part to me is that this does not qualify as a 3 drive, yet, it has 3 pretty equal waves to the top. I had given up but a reversal has me watching again.

dojitrader

This keeps chugging a way towards the sell point with well defined, low risk to find out if I'm right. I think I can, I think I can, I know I can, I know I can . . .

dojitrader

Probably getting ahead of myself, yet, should this occur it has confirming analysis (I'm putting the second chart in the comments) slow day for me so, I noticed this while seeking comfort in the charts. So, should we look for buying opportunity now and/or wait to sell, should all this speculation come to pass ?

dojitrader

Had given up on this chart when it lost it's symmetry * shaded area* And Still, I wonder if this was just coincidence or I'm I just tooooo picky ---- especially with 3 drive patterns --- I think I'll check resistance levels for clues. What is your experience with this kind of breakdown in harmonics/symmetry ? Thanks for your thoughts !!!

dojitrader

If we get some sort of rally I think I'll give it a try. Seems like low risk for large reward.

dojitrader

Looking for another chance to short Cable. Thinking that Cable loves to touch the "Big Numbers" My favored entry will be 1.6496 which would require a small stop for lowest risk, yet, almost 200 pips reward should this play out as planned. If the candles tell me enter ahead of the target I'll give it a try.

dojitrader

Looking to sell 142.03 just short of A = C with stops above 142.219. Seems like anything above this and the idea is wrong and extending towards some other corrective pattern. Low risk, yet, the candles may help better define when price is in the zone.

dojitrader

This Cypher pattern fits my rules a little like adult size bib overalls fit a kid. It covers the body but slops around a lot. BUT, I see no 5 waves down to count for an a-b-c- correction into support/resistance is just not there for a basic retracement sell into a possible trend continuation to the downside. Therefor, these bib overalls might be a better fit...

dojitrader

Think I've tried this a couple of times and price has always come up short of my entry. Perhaps this time, although it's looking pretty weak at the moment. Be overjoyed if I could get .8395 with a stop @ 84189. Cheap try and it just might work for a ride to the bottom of +200/50 pips

dojitrader

However you want to count this corrective price action, the overriding factor is that a thrust from a triangle is terminal - meaning the current price swing is ending, thus, whether this is a B or X or even a 4th, one can enter here and t/p at the measured projection or wait for the final pattern and sell the potential top for a nice ride down. At this point the...

dojitrader

Perhaps not as "pretty" as this possibly setup: But, fits the rules close enough to be something worth watching. R/R seems decent and the candles shall always light my way.

dojitrader

Needs to turn up from here or it won't be much the of a trade, but, if it hits the entry the possibility is around 400 pips of reward. ab=cd is also showing great harmonics. The stops should go above X and that's a large amount for me, so I'll be looking for the candles to provide a good entry with lower risk. The possibility of re entry is also available. We'll...

dojitrader

I'm not a big fan of patterns that Flat Line as Cable has, BUT, it is still a valid pattern if it gets there - I guess - AND, if you think that 1.6602 is the top for now ~~~ seasonally Cable is weak during Jan. ~~~ this might be a reasonable entry. The stops are toooo big for me so, I'm thinking, as always the candle's will help light my way. Perhaps even an...

dojitrader

Have not hit the measured move yet so perhaps this is a chance to enter a short trade for a retest of the break. Stops are large to make this a sensible trade, but, always hoping the candlesticks will give me a trigger and stop location of smaller risk. Yet, the reward is about 250 pips ~~~~~~~ maybe an a-b-c wave will helpfully develop.

dojitrader

The eternal search for a 3rd wave profit . . . Watching how this plays out for an entry in the 143.30/50 to as high as 143.80 before this starts to look questionable. Hopefully the price action will look very corrective and overlapping, helping to confirm this 2nd wave in progress will be a simple a-b-c- zig/zag to the 4th wave of a lesser degree. Always hoping...

dojitrader

Taking a look at buying support around 93.00 (Feeling aggressive I guess, trying to catch a falling knife . . . ) where wave 5 = wave 1 ~~~ More enticed with selling the strong resistance zone IF --- it retraces in 3 waves. Did I wish everyone a Happy New Year ~~~~~~~ And Profits In Your Pockets !

dojitrader

Saw this "sorta" Cypher late on Friday and just don't like to hold new trades over the weekend. (a gold trade is why) Looks like the open has put the trade back into the sell range. BUT, now this is starting to look like a B wave triangle which means it could just as easily be the start of a C wave Up. So, I'll take this trade if the candles trigger a sell entry...

dojitrader

Cable has lead the way in the past when the dollar started to rally. Perhaps once again it is giving a warning of things to come. Unlike EurUsd - UsdChf still finishiing wave 1 --- Cable seems to be seeking a wave 2 and the resistance, just under 1.6500 looks enticing. Wave 3 will be the reward if that's the case. How will this projection look on Friday ? (Wave 4...