AAC87

AAC87

Hello Fellows! Today I'm looking to go long on the DOW. As you all can see that the S/L is quite tight because, as per my analysis, this area is a liquidity grab. After the high formed last week on Thursday the price has moved pretty much sideways. Although it challenged the said high last Friday, it has managed to stay within the range without breaking...

AAC87 Updated 

Hello Fellows! I hope you are all doing great! This trade is an experiment, I'm working on a system and will try to post further details if successful. Let's see how it goes! Take care, trade safe and be dandy! Note: The information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for...

AAC87 Updated 

Hello Fellows! I hope you are all swell! The previous entry was triggered a little above the D point of the 'Butterfly' that I had published and went down quickly only to stall at 30-40 pips. It bottomed out at around 70 pips before returning back at entry to trigger the S/L which was moved at break-even. Now, the situation is such that a 'BAT' pattern is also...

AAC87 Updated 

Hello Fellows! I hope you are all swell! Another 'Butterfly' is near completion around the 39,130 area, marking the D point at the 127.2 XA extension. The idea is to go short around that area with 61.8 % AD retracement (approx. 38,840) as a nice target. S/L can be placed above the 141.1 extension (approx. 39,170) but placing it above the 161.8 would much...

AAC87

Hello Fellows! I hope you are all doing great! Price action in the DOW has been pretty choppy lately, but after today's CPI release it might go a bit higher on the back of the 'idea' of a rate cut, albeit a poor one. Currently, we have yet another 'Butterfly' nearing completion, or so it seems. The idea is to go short at the 127.2 extension, roughly 39300...

AAC87 Updated 

Hello Fellows! I hope you are all swell! The Dow Jones 30 index has been rallying since Wednesday, more like blasted off without any form of correction. Having touched the DiNapoli MACD on the Daily it seems to be retracing. The idea is to short the index as per the 'Butterfly' pattern which is nearly complete with an entry at the 127.2 XA extension marking...

AAC87 Updated 

Hello Fellows! I hope you are all swell! Although a larger opportunity exists around the 2048 area, this one might be more of an 'in & out' kind of set-up. What we have here is a 'cypher' pattern near completion. It can also be viewed on the 4H tf but the 1H tf makes it clearer. The idea is to go short at the 78.6 % XC retracement, marking D point completion...

AAC87

Hello Fellows! I hope you are all doing great! GBPUSD has traded roughly within a 200-pip range all of December last year and January this year. February saw it drop below the said range, creating a new one in so doing. Now the price seems to be creeping higher, breaking away from the new range. All of this has a patten in the making: The 'Bat' Fundamentally,...

AAC87

Hello Fellows! I hope you are all doing great! A fantastic 'Gartley' is forming on the charts, which can be traced on all time frames. The idea is to SELL at the 127.2 AB extension at around 2038.60, marking the D point (can also be aligned with an XA retracement of 78.6). SL will be just above X at approximately 2045 while TP can be set at 2007-2008, which is...

AAC87

Hello Fellows! I hope you are all doing great. This is an update on the trade which we entered last week, currently running at around 120 pips. Those who entered may secure their trades or book profits. Although it is highly likely that the 127.2 extension will be triggered probably in a couple of days, it is always better to exercise caution. Having said that,...

AAC87 Updated 

Hello fellows! Hope you all are doing great! The Sterling Aussie pair is making the waves yet again. This time round we have yet another 'Bat' setup, albeit a bullish one, that too on the 4 hourly tf: - Entry at D point completion, around the 1.9000 area i.e. the 88.6 % XA retracement - SL just below X, 1.8968, ish. - TP at the 127.2 XA extension, marking the...

AAC87 Updated 

I hope you all are doing great! GBPAUD has been making quite a lot of waves in the recent past, both on the 1h and 4h TFs. Previously, I had managed to find a 'Gartley' on the 4 hourly but missed entry due to force majeure. Now I have a 'Cypher' on the 1 hourly chart. Entry at D point completion and, although the SL should be kept above X, as per setup, I...

AAC87 Updated 

Hello Fellows! Hope you're all doing great! As per my previous trade idea, Sterling triggered the short order exactly at point D completion of the 'Bat' pattern, i.e. at the 88.6 % XA retracement and tumbled down in the wee hours. Now that the price has moved past considerably (around 65 pips to the downside) an exit might be appropriate. However, I still...

AAC87

Hello Fellows! After Friday's jump, GBP/USD seems to be on the verge of D point completion of the 'Bat' pattern. The said jump itself was caught on another pattern (any guesses?). Anyway, it seems to be approaching structure if you look left; the pair is near the 30th August high, appearing to make a double top on Monday's open (or a while later), in line...

AAC87

A short trade setup. Entry at 88.6 retracement. SL just above the previous high. TP at the 27.2 extension and beyond if held.