Get started

Review

A review of DXY combining Harmonic Trading with Supply & DemandHey traders, I am going through a course at OTA conducted by a friend Jeff Manson right now. I am reviewing some setups which failed for me last week. Dollar Index Daily Chart Upon reviewing the chart, I realised that this should be the right way I should draw my shark pattern. Always choose the deeper B leg as your correct B. (Compare this to the other Shark Pattern I have draw earlier) Mapping in my PRZ, I realized that price tried to close below the PRZ but failed. Based on something new I just learnt, it happens to be also a demand zone which happened back in February. *I am still learning and I could be wrong about the way I map the zones* This is a pretty interesting concept and I am absolutely confident that DXY will hit at least 100.73 based on the TP1 rules of the Shark pattern. By combining S&D with Harmonics, I guess it should be safe putting my SL just below point D with a small buffer. Redoing this trade can easily net me a 1:3 R:R on my trade. Another lesson learnt today and I am definitely gonna read some more books on this way of trading.
INDEX:DXYLong
by TerryHarmonicTrading
8
EURUSD week ahead overviewHello traders. Eur/usd overview for the week ahead.Currently price react of 61.8% Fibb level. We have well formed channel and head and shoulder pattern. From now on we looking at either respecting the second shoulder and 61.8% level , price breaking the channel and looking for Buy scalps on 15m chart along the way. The second scenario is if price does not respect the levels and continue on the downside breaking current low and formed trend line. From there on my plan is to start taking short scalps all the way down to 1.0350.
by samgeorgev
MONTH IN REVIEW: FEBRUARY 2017Hi traders, There are hundreds, if not thousands, of trades posted on Trading View every day. Some are hunches of what the market MIGHT do, others set definitive entry points and profit targets, and others anticipate the completion of certain patterns. But how do we separate the wheat from the dross? I want to be as transparent and accountable with my trades as possible. This is why I've started to make a diary of all my trades and a monthly review of how successful (or unsuccessful they were). This will help ME to review what went well and, more importantly, highlight areas where I can improve for the following month. It will also help YOU, the readers, to hold me to account and determine how reliable my trade set ups are. So how did I do this month? Number of trades taken: 8 Number of ideas posted: 12 (3 educational, 9 trading ideas) Successful trades: 7 Unsuccessful trades: 0 Entries missed: 1 Trades still active: 1 So here's a breakdown of the trades I've taken this month: Trade 1: NZDUSD SHORT +162 pips Trade 2: AUDUSD SHORT This trade is still active Trade 3: EURNZD SHORT +100 pips Trade 4: AUDNZD SHORT +100 pips Trade 5: EURNZD SHORT +60 pips Trade 6: EURJPY SHORT This trade was successful but I missed the entry because I was asleep. You can't catch them all! Trade 7: NZDJPY SHORT +100 pips Trade 8: USDJPY +50 pips Trade 9: USDCAD +50 pips TOTAL PROFIT/LOSS: +622 pips ACTIVE TRADE/S FLOATING PROFIT/LOSS: -16 pips What I've learned this month: If the market is bad for a long spell, it's OK. All you need is a few good trades a month to reach your profitability goal. Happy trading everyone! I hope you've all achieved your monthly goals. AvidTrader
by avidtrader89
2
END OF LONG? or CONTINUATIONthe RESISTANCE LEVEL ON THE 4 HOUR chart on my phone has been HIT as i predicted we can see a potential fall to 140.379 levels for major support or 141.404 before that before another rise i dont see any major signals on the higher time frames indicating a massive downtrend as the weekly chart is still in STRONG UPTREND if you enter any new long positions remember to ALLOCATE your risk wisely and have take profits and stop losses beyond profit levels for safe trading
by bxllionairejman
Review of the current EURUSD Asian session and option LevelsReviewing the most recent PA 1-2 period patterns: 4H Bearish Pattern Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar. We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation: 1H NR4 1H NR7 4H WR4 4H WR7 Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade: Option level Higher then the last month high is 1.14230 Option level Higher then the last week high is 1.14230 Option level Higher then the last day high is 1.13220 Option level lower then the last day low is 1.12410 Option level lower then the last week low is 1.12410 Option level lower then the last month low is 1.11070 Also a session (current session only) pivots: r3 1.13795 r2 1.13364 r1 1.12932 p 1.12693 s1 1.12261 s2 1.12022 s3 1.11590 I really hope that sharing of my routine with you, will help you in your trading. Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading. Sincerely Arturs Jermolickis arthur@marenno.com skype: marenno.business A short - government required disclaimer: I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
Short
by Marenno
AUDNZD Short term intraday review of current possibilities On a 1H chart we have a bullish pattern (hour must be closed as is) Currently At daily pivot Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bullish PA patterns to begin with at 1.0570 "P.S.: Current short term analysis can look opposite to what I have posted of a higher grade. 
It happens because I’m reacting to a current market conditions, as big changes are starting with small. 
Also entry level on a higher grade chart can be a target on a lower grade chart" "Any questions are welcome!!! just write down in comments.

Your likes are much appreciated."
Long
by Marenno
Short term intraday review of current possibilities EU On a 1H chart we have a bearish chart pattern (In case if the hour will be closed as it is of lower) Price is currently at 76.4% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with at 1.1045 "P.S.: Current short term analysis can look opposite to what I have posted of a higher grade. 
It happens because I’m reacting to a current market conditions, as big changes are starting with small. 
Also entry level on a higher grade chart can be a target on a lower grade chart" "Any questions are welcome!!! just write down in comments.

Your likes are much appreciated."
Short
by Marenno
1
USDJPY Short term intraday review of current possibilities On a 1H chart we have a bearish chart pattern Price is currently at 38,2% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with at 120.55 "P.S.: Current short term analysis can look opposite to what I have posted of a higher grade. 
It happens because I’m reacting to a current market conditions, as big changes are starting with small. 
Also entry level on a higher grade chart can be a target on a lower grade chart" In my honest opinion, when intraday trading, if opposite - directional price pattern appeared, then there is no need to hold further, as a better opportunity is possibly coming. so closing a trade might be a good idea. "Any questions are welcome!!! just write down in comments.

Your likes are much appreciated."
by Marenno
EURCAD Short term current viewShort term intraday review of current possibilities On a 1H chart we have a bearish chart pattern At daily pivot Price is currently at 50% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with at 1.4435 "P.S.: Current short term analysis can look opposite to what I have posted of a higher grade. 
It happens because I’m reacting to a current market conditions, as big changes are starting with small. 
Also entry level on a higher grade chart can be a target on a lower grade chart" "Any questions are welcome!!! just write down in comments.

Your likes are much appreciated."
Short
by Marenno
AUDUSD demand zone crossroad AUDUSD is corrently trading in a nice downtrend, and as piphunters we then look for SHORTS. But currently price is trading an a close proximity to a string demand zone. So if you are already short you can stay long. But we can not enter short until we see a Norse setup BELOW demand zone. If price fails to bread demandzone, then we can start considering LONG if we Short term long if price break 1H trendline Midterm Long if we get a Norse setup above daily EMA36 Today we spooled our review down to youtube, if you are interested in a more in detail description. www.youtube.com
by Piphunters1