popesalmon

popesalmon

LONG ENTRY: 1. HH HL Structure on LTF 2. Multiple rejection of 1777.222 level the past week 3. Break of trend-line 4. Break and retest of sub-minor support as seen on yellow zone 5. 4h strong bullish candle, hinting shifts in market sentiment Confirmation Candle: Bullish Engulfing Stop Loss: 30m Moving Average crossover + below sub-minor support highlighted in yellow.

popesalmon

+1% / risked 1% LONG 1. Reversal variation Pattern on 15m 2. bullish EMA 3. 78.6 retracement with respect on 61.8 4. HH HL structure on the LTF 5. Weekly Level of 149.632 has strong rejection in the past. Expecting similar behavior on current price action 6. London open, anticipating volume to push price x2 positions closed because Weekly looks to be bearish. I...

popesalmon

+0.8 of 1% Trading based of the fact that we got a 30m closure above all the wicks, which generally implies buyer's willingness to push to the price up (rally). Hercules breakouts are setups I like to call when there's multiple multiple rejections of a zone and there's a breakout of it.

popesalmon

Always have a bias when looking for setups. For me, it helps weed out bad trades, things like fakeout can occur if you do not have a bias for the day.

popesalmon

REASONS TO SHORT GBPUSD 1. Bearish EMAs 2. Break and Retest on 4h 3. Rejection off 0.618 retracement 4. Daily strong bearish candle with long wicks 5. Clean range until 1.13736 6. Market structure forming LH LL 7. Bearish EMAs crossover on daily

popesalmon

+1% Entered using the 1h timeframe, 15m was a bit icky but, if you just let the HTF do its thing, it'll usually work out :)

popesalmon Updated 

Here's a good reason to short GBPUSD SHORT 1. EMAs bearish crossovers 2. Breakout of Support on daily (still pending) 3. Fibonacci extension retest 0.382 & 0.5 4. Bearish Engulfing candle 5. Break and retest on 4h 6. 4h 0.618 retracement on candle wick reaffirming the rejection of ~1.38220 level 7. Clean 4h range until 1.39560 level 8. Weekly candle breakout of...

popesalmon

One of the hardest trade I have taken personally. Glad I stuck with my short bias and kept the whole trade professional and not letting emotions get better of me.

popesalmon Updated 

RISK: 2% LONG 1. 50 EMA support on Daily 2. Reversal Variation Pattern on Daily 3. Bullish Engulfing candle on 4h 4. bullish EMAs 5. HH HL Market Structure Daily 6. Rejection of Support 7. 0.618 Fib retracement

popesalmon

RISKED 0.5% Half the usual due to 30m no topwick, +0.03% When candle fails to form wicks on either end, there's an increased in probability that it has reached overbought/sold conditions OR that a huge retracement could occur on Smaller timeframe. This could be observed on the 2 following candles. It also means you need to be extra strict with your risk...

popesalmon

+0.8% Closed 80% @ 1:1 Closed 20% @ BE Ultimate target was 1790 strong retracement on the 15 candle prior to the entry candle was indicative of market's eagerness to push the price up. My entry was at the high of candle, just to ensure that my entry wouldn't be trapped in a fake momentum

popesalmon

RISK: 2% LONG 1. 4h Dynamic support 2. Bullish EMAs 3. HH HL market structure 4. 0.382 retracement coincide with resistance 5. Break and retest of 1.70353 level (strong resistance) 6. Hourly dynamic support on both 20 & 50 EMAs Confirmation Variation reversal pattern

popesalmon

BE Still experimenting and forming patterns on the relationship between ranging/consolidating zones and how kick in volume may potentially clear it by forming strong consecutive candles.

popesalmon Updated 

Price has been trading in a range, that is a fact. However, with LDN session open, there's a sign of increased volatility. And on a HTF, we can see quite a textbook Break & retest unfolding. Im entering my short position based on this premise. SL is above .88 retracement which I normally use as a standard SL I will be keeping an eye on this position and will...

popesalmon

+10% risked 2% Intersection of .382 & .618, Price rejecting off resistance as marked. Daily has been forming descending channel. I clocked out at roughly 5.1:1RRR

popesalmon Updated 

I am looking to enter a long entry in roughly 7 minutes when candle closes. Here are some reasons to why I am looking at this particular setup. I will execute a buy when LTF candle confirmation has been formed. LONG 1. bullish EMA 2. Engulfing candle on 1h 3. Long wicks suggesting a rejection of the zone 4. .382 retracement 5. Price has been forming HH HLs on...

popesalmon Updated 

1h, 4h, 30m dynamic support from EMAs. Breakout of trendline, not that I often trade this chart patterns but it has its place here. Shift in momentum price has been making HLs and this trade is potentially looking for GJ to form a HH above 155.489.

popesalmon

+4% Price made a retracement after strong bullish impulse. Entered on retracement with 6 confluences. LONG 1. 1h 20EMA dynamic support, 30m support. 2. Bullish EMA 3. Daily Price action breakout 4. HH HL Structure 5. Clean range to fill 6. fibonacci retracement