SOT

The gold analysis I posted earlier seems to be panning out as expected!
Trust your analysis but keep in mind it's not an end all be all. As the market continues to change so should your analysis.

A little slow for me in the markets this week. I seen a lot of opportunities but missed out due to not being in front of the charts as much as I would have liked!
The life of a new trader I suppose - need to better prioritize my time so I can take advantage of the setups I see forming.
Here's an update on the CADJPY short I posted the other day. So far about 50 pips captured as I took profit on half of my position before price moved back up in its retrace. We'll see if the market has enough steam to push this pair lower to our full target.
Hope you're all having a great weekend and putting in the time to study and get ahead for the next trading week!

Hey Traders, I hope you all had a great weekend!
Here we have A CADJPY short idea. Price has been falling as the previous supply zone was tested. It has now come to test another supply level putting in a flag patten with all signs to the downside.
I'm looking for a break of the 86.21 level to confirm a downwards movement.
My eye will be on the major demand zone sitting around 84.80 to 85.13 for targets. Let's see what the market has in store for us!

Hey Traders! I have something for you other than a Cypher pattern!
Here we have an intraday bearish Gartley pattern that completed on the hourly time frame. I entered short and will be targeting the 0.382 retracement for target 1 and the remainder at 0.618.
I normally post more swing trading ideas (not to say that this will be fully intraday) but I'm trying to push myself to develop further as a trade and get more comfortable with trading on the lower time frames.

It's looking like a Cypher week for WyseFX! I swear I find other opportunities too!
Here we have a bullish Cypher pattern completion on EURUSD on the 4H timeframe. Now this one definitely isn't as pretty as the textbooks like to show - but that's the reality of trading; nothings ever perfect.
I didn't enter this trade unfortunately - I actually missed the completion and didn't set an order so I'll be sitting on the side lines and see how this one pans out.
Even when these patterns complete it's not guaranteed that price will do what we anticipate. The markets do what they want when they want - our job is to make the best decisions on what the market is telling us and adapt when things change.
Hope you're having a great week - it's been an interesting week in the markets for sure!

Hey traders! Here's a Cypher pattern that completed awhile back on NZDUSD.
The Cypher completed but it was definitely a rocky start as you can see. This trade has truly tested my emotions but I followed my plan and trusted my analysis.
I took partial profits off at the 0.382 retracement where price consolidated and will take the remainder at the 0.618 retracement that also coincides with a daily demand zone.
I hope you're all having a great week in the markets! It's been a great week so far!

Happy Monday traders!
Here we have a bearish Cypher pattern on the AUDUSD. I have been watching this pair for sometime anticipating it's completion and looking to go short.
I am targeting the 0.382 Fibonacci retracement as my first TP, and the 0. 618 Fib for TP2. I'm also targeting these zones for profit targets as they coincide with key demand zones present on the daily time frame.
I would like to give credit to for this as well - as he posted this analysis on Saturday on his newly created Telegram group. He's been dropping some great knowledge on his channel; I'd recommend you check it out!
Have a great week in the markets!

Follow up on two trade ideas I had posted earlier on. Two successful trades in the books. Keep focused. Stay true to your analysis and system. Process over profit.

Happy Friday Junior Traders, I hope it's been a great week for you all!

Here we have a potential bearish Gartley pattern setting up on the daily EURJPY. The completion point of this pattern is just shy of a daily supply zone. We'll have to wait and see what the market decides to do and trade accordingly.
Like I've said in my past few posts; my major focus had been combining different aspects of technical analysis together to increase confluence factors. I've been working very hard at putting these pieces together with the help of my mentor - the clarity is coming through. Study more than you trade!

I've been hitting the charts a lot recently! Study more than you trade has been my motto.
Here we have Gold and what's playing out appears to be an AB=CD pattern / equal measured move. The red box indicates a potential supply area which adds a level of confluence that we could see the pattern complete in that area. This termination point also has fib confluence. Pair that with a potential weak dollar and we can definitely see this play out.
Piecing together multiple confluence factors increases trade probability. I've been working on combining patterns, fibs and supply & demand zones into my analysis to increase my level of confluence. I try to keep my charts simple while doing this - not always an easy task.
No trade taken here - just watching the pieces come together and wanted to share. Happy trading!

Happy new years traders!

I hope you all had a great holiday with family and friends! I've been a little MIA for the past week - relaxing while the markets are less liquid. But I'm ready to hit it hard with 2017 in to full swing.
Here we have a EURGBP batt pattern that completed on December 29. I was lucky to get into this trade as into had my orders setup as we were approaching completion. As you can see I entered the market short and was able to catch a few pips!

The basis of my analysis was that this pair has been stuck in a consolidating range for almost 2 months and I was anticipating a move to the downside when we approached the red supply area. Keeping this in mind and noticing a bat pattern, I had enough confluence to take this trade.
Our analysis doesn't always pan out as we expect it and there's no way to be correct 100% of the time. Follow your plan and trade it consistently.

Here we have a potential Bat pattern forming on the USDJPY 4Hr. We'll have to wait and see if price retraces to the D completion point which would indicate time to enter the market long.
The Bat patterns X to A impulse leg formed on a recent area of support that was previously resistance. This pair has also been trending upwards on the daily timeframe which gives me a bullish bias.
Stacking together multiple elements of confluence will help you determine if a trade is worth taking or not. The more confluence, the better chance the trade will work out. We can't simply trade a price pattern because it appears; we must find additional levels of confluence to support the price Pattern which will give us a better confirmation of price direction.
I hope you're all having a great week and a great end to 2016. Stay hunger and respect the grind!