Get started

2618 Trade

AUDUSD: 2618 Trade setup followed by ABCD harmonic move !!!Hello Traders, Here we have a valid 2618 short trade setup , which is currently close to the completion point. Marking the LL's and LH's on the chart above, we see that this market is in a nice downtrend based on 60 min timeframe. Risk to reward for 2618 trade setup is 1:1 for the 1st target, with stops placed just above the swing high of the double top. After getting done with 2618 setup, we also have potential ABCD harmonic move that will complete exactly at 127.2% fib extension level and also near the previous structure lows (looking left). This could potentially give us an amazing risk to reward if are able to get down to 0.71747 level. See the chart above for more details. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :) Follow me on Twitter as well: moneymaking2016
Short
by moneymaking
2
GBPUSD: 2618 TRADE SETUP NEAR COMPLETION WITH BREAK IN STRUCTUREHello Traders, Here we have a valid 2618 trade setup on FX:GBPUSD , which is very close to the completion point (61.8% fib retracement level). First of all market was able to break and close below previous support level (previous HL) after putting in higher highs (HH) and higher lows (HL). This first break in structure is an early signal of shift in the short-term upward trend. The best stop placement level for this setup would be above the key psychological round number level of 1.54000 . Placing stops above this level gives us an unfavorable risk to reward ratio, thus we would have to wait for a little deeper retracement beyond the 61.8% fib level, in order to have a favorable risk to reward for this setup. See the chart above for more details. NOTE #1: About 2 weeks ago, I posted my overall view on this pair based on daily time frame. Within my analysis I included a potential reversal zone (PRZ) at which I would be looking only for shorting opportunities and this 2618 trade setup happens to be located right at that PRZ. See the chart after this description or under the related ideas section for more details. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :) Follow me on Twitter as well (username): moneymaking2016 DAILY TREND LINES COULD ACT AS POTENTIAL RESISTANCE:
Short
by moneymaking
4
XAGUSD: TWO 2618 TRADE SETUPS AT THE WEEKLY TREND LINE !!!Hello Traders, Here we have two valid 2618 trade setups on FX_IDC:XAGUSD , where one of the 2618 setups reached its first target and currently we have another new 2618 trade setup that has just completed with better entry price. Notice that market is very close to the weekly trend line and that it has been successfully tested several times by the market. After completing the recent 2618 setup, market has passed the 61.8% fib retracement level, giving us even better short entry price. I have placed my short entry right at the weekly trend line, with stops just above the recent highs. Break and close below the well respected rising trend line will give us extra bit of confidence to stay on the short side. See the chart above for more details. NOTE #1: Market has also formed a bearish inverted hammer on the daily time frame. I have added the weekly chart as well to illustrate how the weekly trend lines were drawn. See the charts under this description section. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :) Follow me on Twitter as well (username): moneymaking2016
FX:XAGUSDShort
by moneymaking
Completed Cypher // Double Top+2618 // AB=CD // IF=THEN ®FX:AUDNZD Cypher pattern can lead to mistrust, but the movement is understood, expected, and synchronized with sup&res level zones. It's Completed. Time to get short, target the 38.2% retracement (Support zone), and eventualy the 61.8% as second target. (2618) - Double top >>> retracement to break the neck line >>> find support above neck >>> 61.8% retracement from top to previous support >>> sell with a Stop Loss above the Top (there's a cypher, the correct SL is above point X, target between the 127.2% ext and 161.8% ext. (look left for structure) Double Top at the Previous Structure resistance level , there's a neckline to break, there's a support above that neck, and IF the price found pressure there, and IF the retracement hit the 61.8%, it can give us the second sign to get short with a target between the 127.2% ext and the 161.8% ext. (synced with the second target for Cypher pattern). AB=CD : There's "allways" a possibility of an AB=CD pattern on a 2618 setup, in this case the target is synced with the second target zone level for Cypher and between the 127.2% ext and 161.8% targets for the double top. Double Top: Ratios: Safe Trades; open.spotify.com
Short
by Andre_Cardoso
1
NZDUSD: BEARISH CRAB PATTERN COMPLETED WITH BETTER ENTRY PRICE!!Hello Traders, Here we have a valid bearish crab pattern that has already been completed on FX:NZDUSD , but we are now able trade this pattern with much lower risk. Market has moved beyond the crab pattern completion point (161.8% Fib extension), which has allowed us to lower the risk and increase our potential profit. The stop loss for this pattern is usually 10 to 20 pips above 200% Fib extension level, but since we are close to the previous structure resistance , we might as well hide our stops above that level. Notice that by doing this we also take into consideration the key psychological round level @ 0.67000 . We also have put in two double bottoms on this pair and if we get down to the 61.8% fib level (TG #2), than that would be a nice long opportunity based on 2618 trade setup. See the chart above for more details. NOTE #1: This pair is about to test the 100 day moving average on the daily chart, likely to see some type of reaction from it. See the chart below after this description. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
Short
by moneymaking
8
EURAUD: When to use the 2618 Strategy/Live Q&A TodayLast night I shot out a video to some traders looking at this opportunity to take a short on EURAUD. The trading idea was based off of a read of price action and a prediction of a continuation of the short-term trend. The idea was to wait for price action to reach that level of resistance and see if we could get some type of confirmation of a hold. (Double Top). As you can see we got the double top (along with bearish divergence) and the market decided to roll over. Well the question is, for a trader like myself who is fast asleep during the London open, how do I get involved? You know what you need in order to take the trade however you don’t want to wake up every hour stalking it….so what do you do? Well this is when the 2618 trading technique comes in handy. No it won’t replace the double top entry that you wanted, however it does provide another opportunity to get involved. Now I’m not looking to get involved in this trade today because it’s Non-Farm Friday and I won’t be actively training. But hopefully this answered a few questions about how and when to use the 2618 strategy. Here’s the link to the free training if you haven’t seen it. tradeempowered.com Lastly make sure you join me today for my Live Q&A session starting at 8am New York. www.youtube.com As mentioned above, I have no intentions of trading today so I figured we’d hangout and let you guys get to know a little bit about THE MAN, THE MYTH, THE LEGEND!....Oh and myself to hahaha. See you there. Akil Stokes
Short
by Akil_Stokes
10
GBPUSD: Trade of the DayHello traders. Today on FX:GBPUSD we have a very nice shorting opportunity. The price has made perfect double top @1.5470 at very strong structure resistance level. For more confluence look left or switch to daily or 4h timeframe to see it better. Then price broke the neckline and went back @fibs 61.8 which gives us a 2618 setup and very nice shorting opportunity. Our targets are next support @1.5372 and the second target 1.5348 with the confluence of fibs extension 1.272. --------------------------------------------------------------------------------------------------------------------------------------- ATTENTION : Very soon, the best forex services will be available for you traders. Our team is working hard to satisfy your needs. We give you the opportunity to choose between the best brokers in the industry, with the confluence of analyses and investigation of our experts’ team. Our team will be ready to guide you through each broker you are interested. And this is the only beginning. Many more friendly services and atmosphere will be available only for you! And of course the best service ever, we do offer you a so called “Big Deal” service, which you have never faced before. Are you interested what it is? Reserve your sits my friends! Follow me and be the first to enter our world!
Short
by RCP
16
BEAR BAT BEAR CYPHER - EURAUD - 240M - D/T - 2618 Trade Hi All, we have a double top with RSI Divergence chance to get short - we could also see price continue upwards on this pair towards the Mad Monday Spike giving us an opportunity for a shorting position at AB=CD completion which puts us right inline with Previous Structure - however I have a feeling this might break that level exposing us to the next high which is the spike. If I was looking to enter a trade like this I would be more conservative and look for entry at the top side of the red box - which is almost exactly the 88.6% FIB. Happy Trading I will be watching to see how this plays out when we get to either levels.
by Oztrade
Double Top definition & 2618 trade setup ®What is a Double top, and how to trade it?! 1. We should see a V shape between the two tops; 2. Look left and search for previous structure and eventual PRZ (price reversal zones); 3. The Highest High from the retest candle, MUST meet the previous Highest Close ; (it can go above the HH) 4. The retest candle, MUST CLOSE below the previous Highest Close ; ( CRUCIAL ) 5. Once the price breaks the previous structure , it will give us a confirmation of the double top; 6. Price must find some support above previous structure ; 7. Wait the 61.8% retracement ; (It can never happen, indeed, and keep with the free-fall, and that's the risk of not taking this trade aggressively from the real top and wait a confirmation); -I would suggest staying out of the trade if necessary* 8. Sell the 61.8% with one eventual AB=CD basic pattern as target, and eventualy a deep further downward movement (check previous structure for TP targets). Safe trades ;) Trading Jazz
Education
by Andre_Cardoso
8
2618 setup / Long the 61.8 retracement / Short Crab // IF=THEN ®FX:GBPUSD Let's see what the market is cooking, at the moment began a retracement and pulled in 61.8% from previous weekly support. IF the price break the previous structure, and IF starts a new fall that reaches the 61.8%, it forges one bullish 2618 setup with expectations of an upward move that by "default" breaks the nearest structure pressure zones, or resistances in this case, generaly speaking, IT CAN give us a rally. At the same time, and this is why i'm publishing this idea a second time, and deleted previous on time, an eventual Crab pattern (with the point C at its limit) appeared on my sight with a target near previous structure zone. (look left) Long the 61.8% retracement Short the Crab when completed (point D) CRAB Point B: 38.2% to 61.8% XA Point C: 38.2% to 88.6% AB Point D: 161% ext XA 224% to 316% ext AB Targets: TP1 61.8% CD TP2 127% CD Ratios: Safe trades;
Long
by Andre_Cardoso
1
Call the 2618, the Bat is furious // IF=THEN ®FX:EURUSD Eventual Bullish BAT pattern Pattern Objective: LONG at D Point B: 38.2% 50% XA Point C: 38.2% 88.6% AB (or close below point A) Point D 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD __________________________ Eventual Bearish 2/618 (double top followed by a 61.8% retracement after breakout the previous structure lows/support) Pattern Objective: SELL at 61.8%; - Double top validated; - IF the price breaks the previous structure low's and THEN retract to a 61.8%, a movement downward is expected with break of previous Low's even further; Safe trades; open.spotify.com
Short
by Andre_Cardoso
2
EURUSD: The Next Potential Short on Euro, Bearish 2618As price action makes its way back up towards previous structure highs, we’ll reach what I like to call a “decision point” in the market. I call it that because it’s at this point where our “IF/THEN” thought process comes in today play in our decision of whether to go long or short. Because we have yet to break structure, I won’t touch on the long option, but the short option is playing this current move as a 2618 trade. We have already entered the killzone starting at 1.1120’s and at this point I would be dialing down to your lower timeframes and looking for an entry reason. IF this 2618 does complete and rollover, it would also be the “C” leg of a potential bullish bat pattern. You guys know how I feel about the “aggressive C” trade (BAD! BAD! BAD!) but this would be one that actually makes sense, only because you have a valid reason to enter. I’m feeling horrible today as I’ve caught a cold from somewhere, but with A LOT on my trading radar (Syndicate members, take a look at the tradefloor this morning) I don’t want to miss what could be a day ripe with opportunity. (If you’re unfamiliar with the 2618 trade, the free training is on our website under the “Learn to Trade” tab) Akil Stokes Chief Currency Analysis at Trade Empowered Click here for 20+ hours of FREE Training tradeempowered.com Click the link below to subscribe for more FOREX TRADING videos www.youtube.com Facebook: www.facebook.com Twitter: twitter.com
Short
by Akil_Stokes
102
NZDJPY: 2618 TRADE SETUP COMPLETED WITH BETTER ENTRY PRICE !!!Hello Traders, We just got the completion of a VALID 2618 TRADE SETUP on FX:NZDJPY with better entry price and lowest risk possible. I've already entered into this short trade at the price labelled on the chart above. The stop loss is placed well above the respected 4 hour trend line. See the chart above for more details. NOTE: For tomorrow, we have 3 HIGH IMPACT news coming out of US. Unemployment Claims @8:30 AM ; Existing Home Sales @ 10 AM; and Philly Fed Manufacturing Index also @ 10 AM. If target or stop loss is not reached BEFORE the release of these 3 NEWS , then I will MANUALLY exit from this trade. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
Short
by moneymaking
10
EURJPY: Potential 2618 Trade with (How to video in description)Here on the EURJPY we have a potential 2618 setup in the works. I say potential because I have no clue what the future of this current leg is, all I can do is Identify, Predict, Decide & then Execute. Here’s a link where you can take the FREE training on this particular strategy (tradeempowered.com ) but essentially, what I’m looking at is a double bottom signaling a reversal and a retest of that that simple pattern as a way to hop on the next leg of the move. Slow trading this morning were you guys over in London fast asleep? Anyway, aside from this setup all I’ve got is the GBPUSD, EURAUD and GBPAUD on my radar this morning. I think GBPAUD is a steal of an opportunity, hopefully I’ll have a reason to get involved this week before I head out of town. The last thing I want to do is be worried about how my trade is going while up in the air. As always good luck today traders and below are some links if you’re interested in any more free trading content. ------------------------------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------- Akil Stokes Chief Currency Analyst at www.TradeEmpowered.com Click the link below to subscribe for more FOREX TRADING videos www.youtube.com Facebook: www.facebook.com Twitter: twitter.com
Long
by Akil_Stokes
4
NZDCAD: 2618 TRADE SETUP (4 HR)!!!UPDATE #1: Trade is ACTIVE now. Good Luck EVERYONE !! Hello Traders, Here we have a BEARISH 2618 TRADE SETUP on FX:NZDCAD . Market was able to break previous structure (HL) and made a new lower low (LL). Now it has retraced back to 61.8%Fib retracement level for nice shorting opportunity. I havemarked my entry price on the chart above and market is close to the entry point for this setup. Risk to reward for this setup is also quite favorable. See the chart above for more details. NOTE #1: See the idea under the "RELATED IDEAS" section below, for detailed description on 2618 trading strategy. NOTE #2: We could also have a POTENTIAL AB=CD Harmonic Move completing at the 2nd target of 2618 trade setup. We also have some well respected 4 HOUR and DAILY trend lines at the 127.2% Fib extension level. This level can be a good place to close all SHORT positions and opening LONG positions from the same level. See the chart below this description for further clarification. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Good Luck :)
Short
by moneymaking
22