Hey Traders, As you guys have seen, This pair has been breeding patterns left and right. From Gartley's, to Cyphers, and Bats we have had a phenomenal time with this pair. Today we have a Cypher pattern at market. So its great opportunity for you guys to hop in on the fun. Make sure to put stops above those highs, and targets could be the .382 and 61.8. You...
Hey Traders, I wanted to give you guys a Bat Pattern Long opportunity. This one is simple, but i wanted to give you guys a few options. As you can see we have two levels of stops. One is based on the 1.113 extension, and the other is based off ATR. I would always recommend taking an ATR based Stop Instead but I am currently in the process of backtesting which...
Hey Traders, So I know the Garltey Pattern is late, But i just finished up doing my Post Trade day analysis and i remembered I didn't give you guys anything to look at. So here are two patterns that we could potentially profit from. If price can rally back to entry zone for the Gartley pattern you could look to get short at that area, and extend your targets down...
Hey Traders, Welcome, Today will be quick, I just want to share a Gartley Pattern at entry levels, or atleast when i posted it. Targets are based on Fib Levels and S/R levels and Stops are based of 1.113 EXT and S/R levels. Follow us on Periscope : @thealcovefx for daily live training sessions. If you have any questions please feel free to contact me Good...
Whatsup Traders ! DannyG Here from The Alcove Fx. So like promised, I will try and post atleast an idea a day. Why not show our best performing pair of the week, with two more options for us to take. I love these bracket patterns, because it gives me options to both sides. So if the market decides to spike up, we have the orders ready. If the market decides to...
Hey Traders ! So this is a Cypher on the EUR/USD, Im shooting it early so like that you guys don't miss it. Market is testing a level it has previously had trouble breaking. If we look out to the daily, the market has been in consolidation, with some breaks to the upside, However, looking at the H1 we are losing some steam to the upside, and this cypher completes...
Hey Traders, So as you guys see, I am giving you guys a lot of pattern ideas, and the reason is, the rules of engagement are very easy to imitate. In this case we have a Cypher Short and a Gartley Long both setting up on USD/JPY quite beautifully i must add. We are closer to completing the cypher short, however we do have some CHF News coming out in a few...
Hey Traders, Here we have a potential Bat pattern on EUR/USD on the H! timeframe. It is very close to completion so i thought it might be good if i can push this out before it hits entry levels. Targets as always will be the 38.3 of the AD leg and Stops above previous highs. Like always if you have any questions, comment below, follow us on social media...
Hey traders, So this is gartley day with the USD/CHF showing two potential set ups, Both great risk/reward. Hopefully we can fall to the downside and hit our Gartley Long and rally until the Gartley Short, however, the chances of that are minimal. All we can do is be prepared for whatever outcome the market gives us, and be ready to execute when our criteria is...
Hey Gang Here today we have a potential Short on the GBP/USD the H1 timeframe. We are using the CEPS (Collectivev Entry Points System) to help us get in and hopefully capitalize on the market. The strategy is very simple, We use points to measure the validity of a opportunity, if it reaches enough points, we then can proceed with the other set of rules which...
Hey Gang, Just wanted to give you guys a pattern opportunity, this is the USD/JPY on the H1 we have a potential Cypher Pattern and risk to reward is 1:1 which is good knowing that normally Cyphers have a Skewed R/R. Everything else is the same. 1 ATR Stop, and 38.2 Retracement for Targets. Like always if you have any questions, comment below, follow us on...
Hey Traders so as you can tell the market has been stair stepping in an upwards direction in a beautiful Trend continuation mode. If we can get an Entry Reason in those Kill Zones, then I will be getting in on the trades, however, since I dont participate until Late Euro session, this might either have made its move or its at our second level of entry. Lets see...
Hey guys, Quick View on the H4 of USDCHF, a new nice patterns setting up. Lets see what we can get the market to do. Like always if you have any questions, comment below, follow us on social media ! Follow us on Instagram: @thealcovefx Follow us on Periscope: @thealcovefx Follow us on Youtube: www.youtube.com
Hey guys, I know this is XAU/USD instead of forex, but i thought that i could show you that the skill of technical analysis could be equally applied to other markets such as precious metals, equities,futures and many more. If you have any questions make sure to comment down below. Like always if you have any questions, comment below, follow us on social media...
Hey Gang, So this week has been a terrible week in the Periscope Room. Everything we touch turns to crud. Hopefully this trade doesnt have the same outcome. Like i tell my traders all the time, you have to keep trading your plan, and eventually you will trade through your drawdown, or your bad week, and move on to new equity highs. So like always, I will continue...
Hey Traders, After a close but not filled trade, this is something that could potentially fill, if not, a good monday early london session could hit. Keep it in the radar. Like always if you have any questions, comment below, follow us on social media ! Follow us on Instagram: @thealcovefx Follow us on Periscope: @thealcovefx Follow us on Youtube: www.youtube.com
Hey traders, This is a potential Short opportunity on the GBP/USD with some good indications that price action might reverse, and if it doesnt risk is minimal anyways. So how do we count this as a high probability? Well, First, we have a AB=CD harmonic Move completion, then we have a Double top with RSI divergence on the H4, we also have a 1.414 and 1.618...
Hey traders, We have a Cypher on the Aud/usd coming up at .7085's risk to reward is good considering its a Cypher, so If price action can touch those levels we will be looking to get long. Simple Trade, the market hasnt been showing much for me to get in on, hopefully the week continuous our success last week ! Like always if you have any questions, comment...