The
EURCAD SWA"Analysis, mid term reversal possibleTrading plan on a current mid term situation.
Instructions on how to read labels on a graph:
The purpose of the SWA approach is not to name the wave, but to make money out of the next swing of a tradable period.
To get a deeper understanding of the approach, that can open a new doors for your trading, please contact.
Impulse move (impulse wave), or the move towards the presumed main trend direction (of a period researched), is indicated with “i” followed by the wave number
Each higher step/grade is marked “i” which stands for Impulse + apostrophe after the impulse wave number one for each step higher. e.g.: i1’ - 1st impulse wave 1 step higher, i1’' - 2 steps higher, i1’’’ - 3 steps higher
i1’’ i2’’ i3’’ 2 steps higher
i1’ i2’ i3’ 1 step higher
i1 i2 i3 trading period
‘i1 ‘i2 ‘i3 1 step lower
‘’i1 ‘’i2 ‘’i3 2 steps lower
Each lower step/grade is marked with apostrophe before the i - letter that stands for impulse wave. 'i - 1 step lower, ''i - 2 steps lower, '''i - 3 steps lower
Corrective move is marked with letters, where: a - 1st corrective wave, b - 2nd, etc…
Each higher step/grade is marked with a wave’s letter + apostrophe after the ; e.g.: ‘ - 1 step higher, ‘’- 2 steps, ‘’’ - 3 steps
a’' b’' c’' - 2 steps higher
a' b' c' - 1 step higher
a b c - trading period
‘a ‘b ’c -1 step lower
‘’a ‘’b ‘’c - 2 steps lower
Each lower step/grade marked with apostrophe before the lowercase letter; e.g.: ‘a - 1 step lower, ‘’a - 2 steps lower, ‘’’a - 3 steps lower
This is an author's simplified wave trading approach. It has been created for trading, and if you're interested to "catch a Wave" please feel free to contact.
All what you see at the charts, is a ready made SAW, so no explanations are added, so if you have any questions, just white a comment, and ask.
The bits of wave theories known , Volume analysis and classical technic analysis is used in the system, to get a simple and professional approach.
For traders
Arturs Jermolickis
USD / JPY Buy SetUp - WAITING FOR THE FOMCUSD / JPY Buy SetUp - WAITING FOR THE FOMC
iT SEEMS LIKE WE HAVE A GREAT OPORTUNITY HERE, WILL GIVE THE INDX AN IMPULSE AS WELL, LETS SEE WHEN THE MARKET START TO MOVE - IT CAN BE AFTER OR BEFORE THE NEWS.
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LIVE TRADING ROOM - CHART SIGNALS - ONE TO ONE MENTORSHIP PROGRAMS
My First Look At GBPUSD LONG ON THE DAILYThis is my first ever post on GBPUSD.
I am very new to trading and THIS IS NOT A LIVE TRADE I am just checking my trading plan to see if I can go live very soon but with lots of confidence.
So please go easy on me. I welcome any feedback good or bad.
Thanks
Rick
BTCEUR Seems like we are in the mittel of the Range BTCEUR Seems like we are in the mittel of the Range
Short aggressive momentum trade on EUR/USDClose of price as a high test bar below a tested level (at ~1.1050) in conjunction with the 8 ema resistance and an apparent "kiss of the trend line" after a break below close below prompts an aggressive set up to the short side with at least a 1:1 reward-risk profile.
entry - below low of high test bar
stop loss - above high of high test bar
target - at the next key support level around 1.0800
EURJPY Week review, Trading plan for a begining of the weekIndeterminate direction of price as no clear signs has been given by the last quarter's closure.
Last Quarter's close is below 5MA what gives a bit more power to bearish signals
We have a bearish chart pattern (Quarter)
Price is currently at 50% Fibonacci retracement area
in a relation to previous swing Down
Will look for a bearish long-term entry setup (based on Quarter chart, using lower leverage and wider stops, this type of trade will be left open for up to a quarter) at around 133.75
Currently none of the major chart patterns appears on weekly chart
Price is currently at 61.8% Fibonacci retracement area (Filtered to weeklyy timeframe)
in a relation to Previous swing UP
Will look for a bearish short term entry setup (based on weekly chart, this type of trade will be left open for a few days) at around 133.75
On a 1D chart we have a bearish chart pattern
Price is currently at 61.8% Fibonacci retracement area (Filtered to 1D timeframe)
in a relation to Previous swing UP
Will look for a bearish short term entry setup (based on 1D chart, trade will be left for Hours, but position will be closed in parts and using a trailing technique, will try leave it open for a maximum period possible) at around 133.75
In conclusion, all the levels I mentioned are based on a current market activity, but everything can be changed within seconds, however based on a review that is done, I will be looking for a selling opportunities coming week.
ES - QE KICKED THE CAN PATTERNPrice seems to making a very rare pattern on the ES Mini, where price action takes the shape of a shoe that is trying to kick prices higher. Similar to kicking the can down the road. Upside targets are T1 2152.25 and T2 2181.50
When this rare pattern forms, price usually is super choppy with no support or resistance holding from the top of the shoe to the bottom of the shoe. As price nears the tip of the shoe, price will have violent moves up and down after long sideways algo chop. Your feet could get calluses from all the algo choppy price action. To prevent calluses double up your socks :D
If price trades it's T2 @ 2181.50 your foot has out grown the shoe where you should order a size large on your next purchase.