ElGore18

ElGore18

Price patterns are recurring formations on a chart that traders and analysts use to identify potential future price movements in financial markets. These patterns are formed as price pauses within a trending market and show increased pressure from the prevailing trend (continuation patterns) or a shift in power between buyers and sellers (reversal patterns).

ElGore18

Trade ideas following on from previous tutorial, using 4hr, 1hr 15min

ElGore18

Idea for a basic primary trade setup. Example timeframes: 4hr 1hr 15min Can be adjusted for hold period. Implementing: Support and Resistance Trendlines Channels Counter Trend Lines Candlestick patterns Price Patterns Ideas for entry points with different RRR and hit rates. Price example to follow

ElGore18

USDCAD long, hourly trendline with breakout through counter trend with thin volume left above from SVP

ElGore18

Rules for a valid level of support and resistance as well as how to increase the level of confirmation for a level.

ElGore18

Short USDCHF: - Bounce off 50% fib, trendline and resistance - Breakout through countertrend line

ElGore18

Falling wedge breakout at support with VWAP and fib also acting as support

ElGore18

Possible short position one USDCAD: - 4hr trendline - 4hr resistance level -50% fib retracement - Break of counter trendline and support level - Excess on previous days market profiles - Poor lows on recent 3 market profiles - Inside "D" shapes volume profile break out - Low volume below to fill US CPI coming out at 13:30 today so would wait until this has...

ElGore18

Possible short position on gold, shorter and longer term holds. Break and retest of support range and targeting next or retest of trendline, fib and resistance

ElGore18

Trade setup following a STEM system. Can be applied to a different selection of timeframes. Setup - 2 or more higher TF levels aligning to provide buy or sell zone Trigger Execution Management

ElGore18

USDJPY back up at 4hr downtrend line with 50% fib retracement. Going inline with a more dovish FED in the near future as well as a potential for a more hawkish BOJ. Todays volume profile has left the POC at the low of the day as well as a cave to be filled towards the lows but this is subject to change as the profile develops (check tomorrow) 100 SMA providing...

ElGore18

Price entered 50% fib retracement with counter trendline for possible entry short Volume profile broken below previous day POC, possible close today as b shaped profile indicating lower price acceptance and continuation lower. Possibility for more hawkish BOJ and dovish ECB going into the new year providing further confluence for a move lower Price could...

ElGore18 Updated 

Daily down trendline with fib retracement. Looking for further confluences closer to entry to validate

ElGore18

Retest of previous resistance level also round number. MACD cross over and fib retracement

ElGore18

Possible push lower again on USDJPY through break of rising wedge towards the next round number. OBV divergence within pattern. Weakness likely to continue within dollar on the back of the FED

ElGore18

Poor high and excess at low of previous day market profile. 30min symmetrical triangle. Will watch OBV to confirm move/breakout. FED day so possibility for choppy price action. Same course of action if price is to break to the downside of the pattern, potential to fill small volume cave. Would likely execute with time filter

ElGore18

30min rising wedge breakout to continue short move. RSI divergence, low volume to fill at low of previous session and rejection off fib zone. High impact news scheduled all week

ElGore18

Poor high on market profile and excess at lows, wedge breakout to round number. NFP out at 13:30, possibly quiet market conditions on the runup to data and either trailed stop to BE before release or close position