Price and Candlestick Patterns with SandRs - Trade Ideas

[JUG]

Analysis:

1. TL break of lower highs.
2. Inverted HS PP
3. Heavy Resistance (now support) in 1.3380 has been busted.

Entrance:

1. I entered on break of right shoulder in 1.3433...
2. Wait for a pullback into the 1.3400 area - Limit buy 1.3400

Risk:

SL under 1.2900

Goal: TP1 1.4000 TP1 1.4900 or track your SL.
https://www.forexforum.co.za/attachments/15286987191729843061.jpg
https://www.forexforum.co.za/attachments/15286987211493122096.jpg

[ToToSaruonto]

hi batesmotel,

Based to your view and expertise,refer to this attach EUR/GBP H1 chart below,is it long or short and what is the service and resistant?thanks
https://www.forexforum.co.za/attachments/15286987231788614107.jpg

[JUG]

hi,

Depending on your view and experience,refer to this attach EUR/GBP H1 chart below,is it long or short and what is the service and resistant?thanks
Hi Mike:

I haven't analysed the EurGbp in detail....but she looks good for a long IF she can divide the down TL of lower highs as well as the heavy resistance at .8467....the next few days should give us an answer....looks good though if she breaks the TL and right shoulder...

Greg

PS I think you have a shot at a bounce on your market....the EurGbp is testing a hefty resistance degree....just watch it closely. . .it could go either way. IMHO
https://www.forexforum.co.za/attachments/1528698724270913803.jpg

[JUG]

Analysis:

1. Double Top
2. Break of TL of greater lows
3. Break of heavy support at .8258
4. 61.8% retrace of downward trend (90.00 - 76.37)

Risk: SL Aggressive: above .8350 SL Conservative: above shirt at .8460 or even above Resistance at 85.18

Goal: TP1 81.27 TP2 79.10 or trail SL

Entry: I've entered a tiny position at 82.41. If she retraces I will add more on my sell position at a better price....
https://www.forexforum.co.za/attachments/15286987261993199402.jpg
https://www.forexforum.co.za/attachments/15286987281346272527.jpg
https://www.forexforum.co.za/attachments/152869873093535381.jpg

[ToToSaruonto]

Thank batesmotel for your explaination and effort

[ToToSaruonto]

some remark for eur/usd?
https://www.forexforum.co.za/attachments/15286987311994229690.jpg

[JUG]

any remark for eur/usd? Hello Mike:

I'd stay with your brief. I missed the boat on a wonderful inverted HS opportunity....EU certainly looks bullish to me personally....but perhaps the resistance at 1.2930 and the Doji indies that a pullback. . .good luck on your trade!
https://www.forexforum.co.za/attachments/15286987341807340936.jpg

[Nresnnnk]

If you would like to center on PA and Candle patterns, why do you still use indiors? (MACD, MA's). .Do you still look at these throughout your decision process?

[JUG]

Nothing but blue skies from now on....

I'm keeping an eye on this open this day....looks like a nice long term long opportunity...I will analyse this transaction tonight perhaps....

I might describe this trade because flying into the sunrise towards the morningstar

Greg
https://www.forexforum.co.za/attachments/15286987352052748080.jpg

[JUG]

Analysis:

1. Break of 4 signature TL of lower highs
2. Falling Wedge PP
3. Higher low at stage 3
4. MACD Divergence
5. Break of resistance in 1.8050

Risk: SL below stage 3 at about 1.7480

Targets: TP1 1.9100 TP2 2.0170 or Trail SL

Input on rest of 1.8303
https://www.forexforum.co.za/attachments/1528698737508286550.jpg

[JUG]

Analysis:

1. Double Top
2. Break of TL of greater lows
3. Break of heavy support in .8258
4. 61.8% retrace of downward tendency (90.00 - 76.37)

Risk: SL Aggressive: preceding .8350 SL Conservative: above top at .8460 or even over Resistance at 85.18

Target: TP1 81.27 TP2 79.10 or trail SL

Entry: I've entered a small place at 82.41. In case she retraces I shall add more on my sell position at a better price.... Short is co-operating nicely...I have picked up on full position at a nice price....
https://www.forexforum.co.za/attachments/15286987391554421849.jpg

[JUG]

Nothing but blue skies from now on....

I'm keeping an eye on the open this evening....looks just like a nice long term long chance...I'll revisit this trade tonight possibly....

I could describe this trade as flying into the sunrise towards the morningstar

Greg This truly is a place and forget commerce...I'll choose a SL and TP in a couple of times...I will add more lots with a retrace...
https://www.forexforum.co.za/attachments/1528698740351737267.jpg

[JUG]

Hi Mike:

I haven't analysed the EurGbp in detail....but she seems good for a long IF she can break the down TL of lower highs and also the heavy resistance in .8467....the next few days should give us a response....looks good though she breaks off the TL and shoulder...

Greg

PS I presume you have a shot in a bounce on your market....the EurGbp is testing a heavy resistance degree....just watch it tightly. . .it can go either way. IMHO Analysis:

1. Inverted HS - fracture of neckline
2. Break of TL of Lower Highs
3. Heavy resistance broken in .8467

Risk: Aggressive: SL below right shoulder at .8295
Conservative: SL below left shoulder in .8195

Goal: TP1 .8645 TP2 .8850 or Trail SL

Entry: I visited a tiny place at .8500...I would like to get picked up on full place at .8425
https://www.forexforum.co.za/attachments/1528698742278344506.jpg

[JUG]

We have LOTS of time this long opportunity....but if she can break 13.14, I'm receptive to extended this exotic...
https://www.forexforum.co.za/attachments/15286987441156512399.jpg

[JUG]

This truly is a place and forget commerce...I'll choose a SL and TP in a few times...I may add more lots with a retrace... EurChf Starting to bear fruit now...I purchased another lot . I'm just going to relax and allow this you do it's thing....
https://www.forexforum.co.za/attachments/1528698746526305467.jpg

[JUG]

Analysis:

1. Inverted HS - fracture of neckline
2. Break of TL of diminished Highs
3. Heavy resistance broken at .8467

Risk: Aggressive: SL below right shoulder at .8295
Conservative: SL below left shoulder at .8195

Target: TP1 .8645 TP2 .8850 or Course SL

Entry: I entered a small place at .8500...I would like to get picked up on complete place at .8425 My .8425 lot got picked up and I awakened at .8335... I was able to BE on Lot 2 by shutting it using 1/2 of lot 3. So I wound up with a much better price for scale and that I reduced my risk somewhat. Anyways, This pair is looking somewhat precarious, but I will stick with this transaction. There might be a 4hr bull flag forming here. . .if so, we should do just fine on this trade.
https://www.forexforum.co.za/attachments/1528698748254568889.jpg
https://www.forexforum.co.za/attachments/15286987501472200904.jpg

[JUG]

Analysis:

1. TL break of highs.
2. Inverted HS PP
3. Heavy Resistance (now support) at 1.3380 has been busted.

Entry:

1. I entered break of shoulder at 1.3433...
2. Wait for a pullback into the 1.3400 area - Limit buy 1.3400

Risk:

SL under 1.2900

Goal: TP1 1.4000 TP1 1.4900 or track your SL. I bought another lot at 1.3436
https://www.forexforum.co.za/attachments/15286987512093502009.jpg

[JUG]

Analysis:

1. Break of 4 touch TL of lower highs
2. Falling Wedge PP
3. Higher low at point 3
4. MACD Divergence
5. Break of resistance at 1.8050

Risk: SL below point 3 at approximately 1.7480

Targets: TP1 1.9100 TP2 2.0170 or Trail SL

Enter on rest of 1.8303 This commerce never was able to break point 2....so we should await another set-up....but I am still bullish with this pair.
https://www.forexforum.co.za/attachments/1528698753773821360.jpg

[JUG]

Analysis:

1. Double Top
2. Break of TL of higher lows
3. Break of heavy support in .8258
4. 61.8% retrace of downward tendency (90.00 - 76.37)

Risk: SL Aggressive: preceding .8350 SL Conservative: over top at .8460 or even over Resistance at 85.18

Goal: TP1 81.27 TP2 79.10 or path SL

Entry: I have entered a tiny place at 82.41. In case she retraces I shall add more onto my sell place at a better price.... ChfJpy is surely takin it is bloody moment. . .but this short still has potential. Potential 4hr HS shaping up...
https://www.forexforum.co.za/attachments/1528698755229050750.jpg
https://www.forexforum.co.za/attachments/1528698756586090650.jpg

[JUG]

I am just analyzing this pair today....but it looks great for quite a while at market price...I will upgrade this (after my morning java )

ok...I am back:

Analysis:

1. 4 signature TL fracture of lower highs
2. MACD Divergence
3. Nice Double Ass
4. Resistance (now support) in 1.0510 has been divided
5. 1-2-3 pattern setup
6. Rounded Bottom PP shaping up also

There is not any reason why we shouldn't be able to acquire a 1:1.5 R/R out of the trade.

Risk:

Aggressive: SL Below 1.0445 Conservative: Here 1.0390

Goal: TP1 1.0753 TP2 1.0874 or Trail SL

Entrance:

I entered in my 1st lot at market around 1.0570. I will add another lot if I receive a retrace to support in 1.0515
https://www.forexforum.co.za/attachments/15286987701807852361.jpg
https://www.forexforum.co.za/attachments/15286987721151701290.jpg

[JUG]

Hi There:

I have started this thread for my own advantage and possibly for the sake of others. I'll journal my trade thoughts here so I can keep track of those.

I exchange largely 4hr charts and upward. Lots of my trades last days or even weeks to complete. Although, in the future when I feel comfortable, I'll post scalp trades based on lesser time frame charts.

My trade egies are not any secret. I use a combo of price patterns (PP) and candlestick patterns. Support and resistance levels (flat and station ) determine my entrance degrees.

Right Now, I exchange the breakout of trend lines (TL) and PP.

Please don't hesitate to contribute with your own trade thoughts. But please restrict your trades to price and candlestick pattern trades. There are 100's if not 1000's of trading egies out there (and I have tried most of them. . .lol), but I would like to focus on this thread on the fundamentals. . .ie. . .Price/Candlestick patterns with SR's and TL trades.

Greg Bates