moneymaking

moneymaking Updated 

Hello Traders, We got the completion for this cypher pattern a while ago and the market went past our entry point. I have entered at short at market price (as shown on the chart above), giving us a better risk to reward on this trade. Do keep in mind the Elections going on in US, which can create some volatile moves in either direction. Just stick with your plan...

moneymaking Updated 

Hello Traders, Here we are looking at FX:USOIL , which is presenting a buying opportunity in the form of a bullish bat pattern . The confluence between the 161.8% extension and 88.6% retracement levels is not that strong, but they are located close to one another. On the higher time frame, like the 4 hour or even Daily, we did get a break of the previous HL...

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Hello Traders, Today we will be looking at the TVC:DXY , which seems to be in a nice structured uptrend. As we all know, the Brexit vote did end up surprising the market, which the market does NOT like. Thus, since the result to leave EU was not priced into the charts, this lead to strong irregular impulsive moves. As for the US Dollar, the vote to leave the EU...

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Hello Traders, We are currently about to get a potential long opportunity on FX:USDJPY . The market has put in a double bottom at the bottom of a descending channel. Just need to wait for the "Break and Close" above the falling trend line (coloured purple on the chart above). Stops can be placed below the recent red pin bar (labelled on the chart above). I...

moneymaking Updated 

Hello Traders, Hope everyone enjoyed their weekend. I just wanted to give you guys a quick buy setup on the FX:AUDJPY pair. So here we have a Bullish Cypher Pattern , which was already completed on April,29,2016 (last Friday), but the market has came very close to the X point of the pattern. Thus one can say this is a deep cypher pattern completion, which...

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Hello Traders, We just got the completion of a bearish gartley pattern, with a really low risk and high reward, since the market has gone beyond the completion point of 127.2% Fib extension level. The trade is active now. I would prefer to get out of this setup before getting into the bearish bat pattern shot, which is also about to be completed. You can decide...

moneymaking Updated 

Hello Traders, Good to be back after a while. Looking at gold here and we are seeing 2 really well defined bullish harmonic patterns formed right near the previous structure support. First, we have the bullish Cypher pattern , which is very close to being complete. Notice that the D leg is below the B point, which keeps the pattern valid. Second, we have the ...

moneymaking Updated 

Hello Traders, We recently just got the completion of a bearish Cypher pattern within the consolidation range, which is in the form of a descending triangle. We are getting a better price on the Cypher pattern with reduced risk, which is always good. So the Cypher pattern short trade setup is active now. Also notice that we just got a strong bullish breakout...

moneymaking Updated 

Hello Traders, Here we got a really deep completion on bearish gartley pattern with ABCD harmonic move (in cyan colour) on FX:AUDNZD , providing us with great risk to reward. The average true range for this pair on 4 hour time frame is about 50 pips but that puts us at 1.0990 level from our entry point, 10 pips under the round number. Thus better to place...

moneymaking Updated 

Hello Traders, This is a very simple price action based long trade setup on FX:AUDNZD . After reading the price chart, we see the market is in trending mode and currently we are seeing a retracement back into previous structure support (HL). With market coming closer to the previous higher low (HL), this reduces our risk on this trade quiet significantly. Right...

moneymaking Updated 

Hello Traders, Here we have a really good trade setup on USDJPY , which includes a bearish bat pattern and a 3 drive pattern (blue in color), right at potential reversal zone (PRZ) which consists of several Fibonacci retracements and extensions. 115.18 level (X point of bat pattern) is a strong resistance level which has been tested several times (marked by red...

moneymaking Updated 

Hello Traders, We have gotten a completion of a bullish cypher pattern on this pair. Stops go under the key round number of 0.9000. I was able to get a little bit (about 12 pips lower) better entry point, which is why the labelling of the entry point is bit below the 78.6% level. See the chart above for more details. Please feel free to AGREE or DISAGREE with...

moneymaking Updated 

Hello Traders, Here we have 2 bullish patterns, one is bullish gartley and other on is bullish bat pattern, on FX:AUDUSD . Note that the patterns have NOT completed yet. Just wanted to give you guys early heads up, so that you can create a plan for trading these setups. We also have harmonic ABCD move completing right at gartley's completion point. This pair is...

moneymaking Updated 

Hello Traders, Just like in NZDCAD pair, we have a bearish cypher pattern completed on AUDNZD pair. Since these 2 pairs are negatively correlated, we got two opposite trading opportunities in them. I published both setups, so that you guys can choose either or both of the setups if you have these pairs in your portfolios watch list. Market is currently...

moneymaking Updated 

Hello Traders, We have got another very good setup on EURGBP , which is same as the EURUSD long trade setup. We completed at least 1 of the 2 patterns completed at PRZ. Notice the bullish RSI divergence as well. This pair correlates quiet well with EURUSD , so better to spread out your risk. Structure based targets are labelled above, stops is very tight...

moneymaking Updated 

Hello Traders, Here we got a really nice setup on EURUSD , which includes 2 harmonic ab=cd moves completing right at potential reversal zone (PRZ), which includes Fibonacci retracements and extensions, as well as strong support level. Notice we are also getting bullish RSI divergence at this current level. Market is sitting right at the entry point, so this is...

moneymaking Updated 

Hello Traders, After getting stopped out on the previous long trade based on the bullish crab and ABCD measured move, we just got a completion of another two bullish patterns on the daily chart in FX:EURJPY . First of all we have the harmonic bullish bat pattern which recently got completed right at 88.6% and 127.2% Fib ratio confluence zone. By using...

moneymaking Updated 

Hello Traders, FX:EURUSD has been consolidating for the past 6 weeks, which resulted in Bullish Flag Pattern formation on the daily time frame . The upper portion of the flag pattern is a really strong resistance level since the market has been rejected from that level 9 times . Thus we need a really strong bullish breakout from this level in order for...