This was book written about 150 years ago, it chronicles historical events where people followed the crowd mentality. The same applies in our trading where popular opinion tells us that we should be trading from pivot , support or reistance levels , expecting a bounce . We have proved that this theory does not hold […]
We are all aware as traders that there are only 3 ways the price on a chart can move , up ,down or sideways. So how do we know as traders which way the price is going to move (note future tense) . The real truth is that we dont. All we can do as […]
Had a great day on thursday the pattern signals really lit up the board. First we had NZDJPY which sat around for a while with a 9 pip opening spread and we had a bit of drawdown which meant another pattern was generated so we also had some extra entries.We had to wait a bit […]
We had a bearish shark today on the USDJPY alerted to us on the 4 hr chart . Price was near the top of the range and offered a nice small stop loss , we gladly took the entry on this one and the final TP missed by the spread so we exited manually.
We closed the last part of our EURGBP trade today at + 134 pips giving us a lovelly 172 pips total for the trade. Gotta love harmonic patterns !
Here is our latest trade taken off a bearish bat on the 4 hour EURGBP. We opened up at 0.87651 closed 1 lot off at + 14 then another lot at +24 . Stop loss is currently moved down locking another 57 pips.
Opened a nice buy trade on USDJPY with price at support out of a bullish harmonic pattern. Price took us up quite nicely to + 20 pips , when we moved our stop loss. Price then continued up to our take profit zone at daily pivot giving us 76 pips total.
Trade taken again on 4 hr chart on CADCHF , bullish crab pattern out of support. We had a price bounce but it was pretty twitchy looking like it was reacting in some way to the euro drop. So we took 21 pips on the first half and then closed it out totally a bit […]
We took a long trade last week on the EURUSD 4 hour chart last week, out of a bullish pattern. The pattern was strengthened by the daily trendlines. We took 59 pips at first and then a further 104 at the 1.33 level with stop at break even . Pair reversed back to our stop […]
Seems to be some divergence occuring here on EURJPY daily chart. We need to be watching the price action if the price drops back down to the lower trend lines for the possbility of a trend reversal.