kosai19

kosai19

Here's a channel on the eur-aud pair on the 4 hour time frame. For an explanation of how I draw my channels check the tutorial on how to draw and use them. Kosai

kosai19

Here is a strong channel (number of touches and correlations) of Microsoft. Look to sell the highs (pink box) and buy the lows (green box). I think it makes sense to buy with reduced risk as this is a bearish channel and the flow of money is to the downside. That means that longs will fail more often. It's already at a sell zone, so it just needs a...

kosai19

Here is a pattern that I've studied in some detail... It's a false breakout of a proven resistance level (in this case a very strong one). Note the little to no travel above the bar, along with a return beneath the level. That signals that the bulls have no interest in higher prices. Stops can be placed anywhere reasonable above (at some corrective Fibonacci...

kosai19

Here's a channel that has been telling the technical story of T-Mobile. At the tops it has been consistently selling-off and at the bottoms, it gets bought up. Personally, I look to sell the pink zone or slight above and buy the green zone. If it breaks out of green however, I would liquidate all longs and go short. Currently, it is pulling back from channel...

kosai19

This is a channel for others to copy onto their charts and use as they see fit. If you want to understand how I drew it and the highlights, then look at the tutorial for channels on my page as I've drawn it the same way. As for how to use the channel. You look to buy at the green zones and sell at the red zones when the right candlestick pattern appears. The gray...

kosai19

The setup is for a rising channel that is currently at the top of channel (an area where the expectation is for a reversal). At that area it has a large up bar with a very pronounced upper wick (confirming the presence of strong supply at that price level). Also, the next bar is a down bar with a close near it's lows (further confirmation that there is selling...

kosai19

This isn't a direct trade, however the channel highs and lows can be traded by analyzing the candlestick patterns from those levels and trading accordingly. This is more for learning about how to draw channels. The dark channel lines are the main reversal level. The dashed line is the minor level of the channel. The green area is the buy zone. And the pink area...

kosai19

This is one of the patterns that I've been trading for years that I discovered on a GDX weekly chart. I call it a "Coiled Bottom". Basically the market has two up and down waves that acts as a coil. You look to buy at 61.8% A2 or lower of the second down wave (B2). The main target is 1.618 of the second down wave (B2). My entry is a cross of the "entry cross"...

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A wedge or channel found at the bottom of a down-trend is terminating (means it ends the trend). The key is that it has to reach a certain level before it can reverse (that's the wedge ending level on the chart in green). The target is the minimum distance that I've researched that it should go. If wrong, we can always target the top of the channel.

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Here's a setup to sell signs of weakness at the top of the channel (where it should turn from bullish to bearish). It also coincides with a two fibonacci levels (which adds strength to the idea). Looking for bearish signs to enter (i.e. decent sized down bar with a low close, or a pin bar, or any other candlestick patterns).

kosai19

The canadian dollar has a text book ascending triangle and is currently sitting at the support line. WIll wait for bullish signs in order to enter (i.e. an up bar closing near the highs). That will show buying interest at the level. If it breaks the trendline then I may look to short it. If I find a long trade then I'll hold for the breakout of the top of the...

kosai19

Had a false breakout of a channel and reversed at a support level. Now it's likely to test the highs. The new plan is to sell the high test with stops at around 7900 or slightly higher (will depend on the price action as it reaches there). The target is a return to the blue support level.

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A well defined bullish channel with many tops and bottoms respecting the channel (confirms that the market is using the channel). Now it has a bearish breakout with a close outside the lower channel (signaling a change in sentiment from overall bullish to bearish). Selling with stops at the breakout bar high. Target is 2:1. There are many scenarios that can...

kosai19 Updated 

Fundamentally Gold's outlook is very bullish (mainly due to the global money printing for 10+ years). So this idea is for a long on Gold. Buy the breakout of the upper triangle or buy a lower triangle retest that hold's the level.

kosai19 Updated 

Gold is currently consolidating at the bullish trendline. Entered longs with stops just under the lows with a 2.0 R/R target. If the trendline breaks then look to sell with targets at the last swing low.

kosai19 Updated 

Based on the reverse divergence on the D1 chart it's more likely for BTCUSD to move higher. With that assumption the upside target would be a minimum of $429.80 with higher prices being likely. Once the WC completes expect a final leg down that targets $320. If it's still bearish I expect $260 to be tested.

kosai19 Updated 

Here's my Elliott Wave count for the USDJPY on W1. It appears more likely to be a corrective structure (labelled it black with the gray label as the alternate). Please note that I label my waves different than most. The way I label it typically allows for the market to perform an "irregular B" wave that triggers new highs. I see three possible scenarios...

kosai19 Updated 

This is an alternate count for my previous BTCUSD post. It's the bearish scenario basically. In this scenario the downside targets are 331.98 and 294.64.