Evild0er

Evild0er May 1, 2014

I've tried to put as much useful information as possible on the chart. Not only showing the trade, but also the story leading up to the trade. The shorting zone is our key factor here. This is were price reacts to and from. After breaking this zone, it acts as a very strong support. This in combination with the new longing trendline and the fact that price has...

Evild0er Apr 14, 2014

GBPCHF Price has been in a W-uptrend quite some time now. It recently respected W S&R and started a new daily uptrend (last couple of weeks). A few days ago we broke a triple tapped daily trendline. The Trade: Following our earlier projection, we now have a nice confirmation candle*, closing higher then the previous bear candle. This is an ideal spot to take...

Evild0er Apr 14, 2014

Basically this is how I look at price action, it's a story being told. However, like a story - the plot can change at any time. Which is why it's important to make the right interpretations and follow up on your ideas. At this moment in time we assume price is trying to creep up. We have nothing but respects for our main trendline and hints of going higher from...

Evild0er Apr 14, 2014

USDJPY has a monthly, strong trendline - which is moving down (green trendline on the chart). There's a weekly uptrend, supported by 2 trendlines - hitting both the monthly trendline, inside a monthly s&r zone. These are weighing heavily on the trend and is likely to break at least 1, maybe both weekly trendlines. A smaller, weaker trendline is already being...

Evild0er Apr 13, 2014

As you can see on the chart, an important longer term downtrendline has been broken. We also got higher bottoms on RSI to back us up. Longs should be in effect, at least for a while. We're looking for the best possible entry, where we can maximize our profit and minimize our stop loss. I've projected a potential longing line/zone where we are looking for...

Evild0er Apr 13, 2014

AUDCAD Price has been testing an M S&R zone in the past for two times. After the second test, price dropped down to more significant (weekly) S&R to accumulate more firepower for probably another test. More recently price has broken trough important W S&R zone, using the base+middle line as strong support for an upwards move. We also have a fairly strong...

Evild0er Apr 11, 2014

A bit late, but wanted to share a small trade I am in. Using the D-trendline as resistance, price recently broke the steep upward trendline AND some daily S&R. I got in without confirm, and took a small retrace but with a big S/L. The next days candle was bad news, but not bad enough to get out of the trade, day after that we get a really nice confirmation...

Evild0er Apr 11, 2014

EURJPY Price has been moving up for a long, long time now. Creating a really nice weekly uptrend (the blue dashed lines). We have several respects on the top line, but more importantly, we have 3 respects on the bottom trendline. This makes for a really strong trendline. There's also lower trend "zone" where price only goes to hit bottom line, but wants to reject...

Evild0er Apr 7, 2014

USDCAD Price has been in a great weekly uptrend for months now. However, if you look at the weekly chart it looks like it has been overbought and could be heading down towards a stronger base before moving up again. Friday, price has closed and broken trough 3 important zones: a daily trendline, a very strong weekly trendline and some horizontal S&R. On top of...

Evild0er Apr 7, 2014

GBPCHF Price has been in a W-uptrend quite some time now. It recently respected W S&R and started a new daily uptrend (last couple of weeks). A few days ago we broke a triple tapped daily trendline. Some good support is coming up right on the spot with a daily S&R line meeting a possible new upper trendline. The entryline I'm currently looking at is at 1.465xx,...

Evild0er Mar 31, 2014

Following up my weekly trade i've been monitoring price action on H1 for potential entries (or stops..). There are a few important places I'll be looking at price action. First stop is where the H1 trendline meets H1 S&R. If I get nice confirmation I'll take the move to the somewhat stronger purple line, and potentially to the 2 trendlines crossing. Depending...

Evild0er Mar 31, 2014

2 Important W1 trendlines hit eachother at the same point on the M1 S&R. Longs are expected here. However if it manages to break lower, we'll have a very strong short move to consider.

Evild0er Mar 31, 2014

AUDUSD: Although the more major trend has been down W1 has made a nice turn the last few weeks, creating the base for a new uptrend. We have previous W1 S&R to back this up, the downtrendline which has a close over it and RSI14 showing higher tops. This makes me fairly confident price is going to go up to probably the next major W1 S&R line at 0.961xx. D1 has...

Evild0er Mar 28, 2014

EURAUD - We are currently inside a D1 downtrend, this is an H1 look inside our D-chart trade (see my previous chart). If you're not in the trade yet - this is a chance for re-entry. If you are in the trade - this is where we evaluate our position. As said we are currently in a nice bearish downtrend. We could just wait and see what happens but its never a bad...

Evild0er Mar 25, 2014

EURAUD - We have a nice rising W-trend that has been testing, reacting to a fairly strong M-resistance line. We have had 4 hits to the resistance so far, and still not a real break trough, which might suggest it needs power from a stronger support bank (blue weekly S&R on chart). We have a nice head & shoulders formed along with lower tops on RSI as signs for...