Just like the other day. I see cable GBPUSD #Cable in a trading range. It's hit the previous levels which have been marking the last few days. The sell limit order is now in. Target is Range lows . Good luck
I like trading the ranges on the indices I see NASDAQ hitting previous highs and it's showing a Horizontal Trading Range. If only US30 / Dow was also heading down, we would have higher chances. But a Short here will be proven wrong with a very small stop loss. IF proven right, the risk to reward could be as high as 1:5 or 1:7 even I'm short as marked.
In this video I'd like to highlight a very important, yet most basic and fundamental technique that all forex, stock or crypto traders MUST learn. If you don't learn this, if you don't do this, YOU WILL FAIL. I promise you that you will not find anyone who disagrees with this. The reason I'm sharing this is because I have found that very often, beginner...
A stock with incredible good EPS and IBD rating of 97. Worth investing .
If you've followed me for a bit you will know that my go to setup is what I call the Setup 1. It is a setup partially based on the Elliott Wave concept. I am not that crazy 100% Elliottician ... I just like the Wave 5. :) Here we have a setup 1 that I have been following for the last few months. HP has finally broken out of the trading range (wave 4). Buy...
I can see a setup one , what would be otherwise known is the Volatility contraction or the SQUEEZE pattern, but I call it The Setup 1. The Alligator (the three lines) are squeezed into a TIGHT Box (the grey zone, is AIMS Box Indicator). The AO has a peak of 3 (green histogram peak) which was then followed by the squeeze. But that was the past, Now its broke...
AMD is doing its wave 5 on the daily chart. There is still some distance to $102. That's where it will enter the region of Wave 5 ending or correcting. LEts watch it
I see a simple pattern on TESLA ... Its broken above the wide trading range / wedge... and a Bull flag. .. I'm buying ... bucket loads...
I just looked TESLA stock and two things popped up straight in my face 1. On the Weekly chart I see a Converging Triangle (A wedge if you like, a converging channel if you like) 2. A setup 1 formation which means, I see a Wave 3 and Wave 4 and possible Wave 5 on the horizon. If I were to invest in tesla it won't be on the Daily chart . this time it will be on...
If you're a fan of William O'neil what do you see here please?
The wave analysis shows it could be doing a Wave C down. which will take its price down to 230.
GU seems to have hit the Range lows of the last few days and then pushed up It then retested the last "lower highs" and created a pin bar. Now its going up... here are the next possible 4 scenarios. I am long.
Here I'd like to share my favourite entry method. The chart is self explanatory. Let me know if you have any questions .... This will happen during Wave 3 and Wave 5 (for those who subscribe to the Elliott Wave theory) This pattern is sometimes called the Retrace, the Dip, the Pullback, the ABC correction, the ZigZag. The BOMB (by guerilla guys)
This is what I call the WALTZ signal If I was long, I'd be looking to exit. If I trade Futures , I am going short here.
This might look like a simple pullback on the D1 chart on the H4 chart, if you follow my method, then it is a setup 1. Possibly going into a Wave 5 up. The negative is that it might be the start of an ABC pullback and I might get B trapped. But I will take this regardless and keep that in mind. Stop Loss below the Daily Small doji
This is an Idea of trading the Setup 1 Long. Pending Long order 2 pips above the most recent box high. Stop Loss below the Box low. Target set at Target Zone 1 (FIB Exp 62%)
I'll keep it short and sweet since I'm on holidays This is a Setup 1 into Wave 5 up on the 4 hour chart of this EUR/AUD pair. We see a sharp move up on the d1 followed by a correction. One could argue that it moved up a bit climactic and probably late in to the trend But still, It has printed a confirmation candle on the D1 chart. Could we at least see it...
If you follow elliott wave in its simplest form, that is the Bill Williams way, then you will find this chart very refreshing I have drawn the future possible pathway of BitCoin on this weekly chart of the BTCUSD. We have seen a giant wave 3 up followed by a sharp corrective wave 4 down. Now its broken out of the wave 4 consolidation and going into Wave 5....