This is a nice example of a two candle stop hit pattern that formed at support marking the end of the recent downtrend (at least for now). This price moved up through the profit target in just over a 24 hour period, notice the stall when the market hits our target level.
Uploaded June 7,2016 See attached Video- In this trade we take advantage of all the momentum that comes from a strong level of support such as the one here being rejected with a bullish engulfing signal. We discuss the importance of positioning your profit target at the most recent break or bounce level. Additionally, we… Read More »
EURJPY Inside Break Check Pattern – Posted June 4, 2016. This is a great example of the Inside Break Check Pattern. See attached video. When the price breaks out of a level there are several patterns that we watch for such as the inside break check. In the case of the inside break check pattern… Read More »
Posted May 27, 2016 – See attached video – When the market returns to a level that showed rejection in the past, it becomes a key level to watch. In this case the bounce level was breached then rejected triggering a rapid move to the downside. Click on the title to see the attached video.
NZDUSD on the daily, Posted May 18, 2016 – See the attached video. This is a perfect example of one of the two ways to trade the center band rejection pattern. First the market breaks through the band then pushes back into it attempting a reversal which fails.The trade is in the direction of the… Read More »
Posted May 14, 2016 This trade followed a stop hit pattern that formed at the most recent bounce point that established a level of resistance. This level was a major bounce that the market pulled away from considerably therefore, we can expect investor interest when the price returns here. The price pushed through the level… Read More »
May 9, 2016 – This trade was opened following the center band rejection pattern that formed as a continuation. This is one of the two ways we trade the center band rejection and follows a break of the center band. The break is followed by an attempted reversal which fails forming the signal, in this… Read More »
May 5, 2016 – This trade was taken following the break retest pattern that formed at the former support level now acting as a resistance level. I discuss the importance of a level that has experienced a bounce. A level such as this becomes an area that investors are watching so they may reenter into… Read More »
See attached Video. This video originally posted in 2014. Nice center band rejection signal on the AUDUSD that also provides a perfect example of confluence of patterns. The breakout of resistance is retested and now acting as a support level additionally, the center bollinger band corresponds to exactly to this level making this a perfect… Read More »
See attached video. This was originally posted in 2014. This is a fantastic setup with a clear level of rejection at the outer zone where the most recent turnaround in the market occurred. However, since the recording of this video I have added another layer of protection to the outer zone bounce setup that includes… Read More »