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Strategy Contest – September 2023 - Article

sircris Posted 11 Oct.  in #Patterns #Double Bottom #Triangle #Head And Shoulders Pattern #Strategy Contest #Inverted Head And Shoulders #Double Top #Flag Pattern #Reversal Patterns
In this article, I will talk about technical analysis patterns in theory and practical examples. The study of these patterns helps us in the development of any strategy. In particular, they are very helpful in optimizing overbought and oversold strategies (like my contest strategy). These patterns can be used as trade confirmation of an overbought / oversold signal.
Looking for patterns in financial time series is the key objective of a technical analyst. These patterns are indicative of reversa…
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EURUSD and Algotrading

Illya Updated 28 Dec.  in #Algorithmic Trading #Strategy #Eurusd #Automated Trading #Strategy Contest #Double Top #Live Trading #Martingale #Advisor
Hi everyone!
Posting my results and try to catch the local double top (marked red).
I was going to catch some 18 pips, but the market has had its own plan, and after caught an SL (marked with red round) Flipper automatically opened LONG, and later on, I closed the order manually in 12 pips, due to reflecting from the local price level of 1.2240. All in profit!
Now I'm wondering if I'd fixed profit earlier than needed! My TP level was at 1.22445.
Flipper - …
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Allen1602 10 Jan.

Ilya napishite mne, pochta andrey.tambur@gmail.com

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Strategy Contest – July 2020 - Article

sircris Updated 23 Aug.  in #Patterns #Double Bottom #Head And Shoulders Pattern #Strategy Contest #Ascending Triangle #Inverted Head And Shoulders #Double Top #Triangle Pattern #Flag Pattern #Reversal Patterns
In this article, I will talk about technical analysis patterns in theory and practical examples. The study of these patterns helps us in the development of any strategy. In particular, they are very helpful in optimizing overbought and oversold strategies (like my contest strategy). These patterns can be used as trade confirmation of an overbought / oversold signal.
Looking for patterns in financial time series is the key objective of a technical analyst. These patterns are indicative of revers…
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GBP/CAD is forming a double top pattern

hunlion Posted 24 May  in #Trader's blog #GBP/CAD #Pattern #Double Top
Hello Guys ,
The GBP/CAD pair is forming a double top pattern on the 4 hours chart at the level 1.7250 , Which make it a good Sell entry point with a small stop lose at 1.7300 and a good profit target at 1.7140.
you wait for a bearish 4H candlestick to enter the trade .
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EUR/USD double top and retracement down

Shuael Posted 25 Dec. as Analysis on EUR/USD, Target: 1.1800, Date: 1st of February, 12:00 GMT  in #Technical analysis #EUR USD #EUR/USD #Short #Double Top
Situation :
Eur/usd is in a clear uptrend from long term prospective.
A little retracement is in action but the price , in the past week is gaining back some ground lost.
I'm expecting a double top formation and then for the price to retrace again for a short period of time.
Weekly chart:
Pointed out main support and resistence areas
Daily chart:
Possible scenario
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Shuael 28 Dec.

I used a wrong timeline, setted on the 20 of feb.

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Aussie to consolidate around 0.75 in the weeks ahead

al_dcdemo Posted 4 Dec. as Analysis on AUD/USD, Target: 0.7525, Date: 1st of February, 12:00 GMT  in #Technical analysis #AUD/USD #Daily Chart #Correction #Double Top #Weekly Chart #Technical Tools #Net Long Positioning #Relatively High Yield
Technical Tools
Support and resistance (S/R). Price levels, trendlines and Fibonacci retracements. Price action, candlestick and chart patterns. Simple moving averages (SMA). Commitments of traders (COT) indicator, which displays speculative positioning in FX futures market, used as a proxy for speculative positioning in spot FX market.
Weekly Chart
AUD/USD finally cracked the strong supply zone between 0.77 and 0.78 in July and the convincing break above the pattern extended to 0.8125, just ahe…
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al_dcdemo 24 Dec.

UPDATE 7: Week ahead might easily end up being the least active week of the year. But otherwise subdued periods have often proved quite volatile in recent years. "Expect the unexpected" is a saying that is useful to always keep in mind in trading business.

al_dcdemo avatar
al_dcdemo 27 Dec.

UPDATE 8: The U.S. dollar started this holiday-shortened week on the back foot. Pullback in U.S. treasury bond yields and rally in commodities have been two drivers. Year-end position squaring could lead to some messy price action into the end of the week.

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al_dcdemo 30 Dec.

UPDATE 9: U.S. dollar ended this year on a softer note. The dollar index posted its lowest monthly close since 2014. Expectations of other major central banks following Fed into hawkish direction began to outweigh the still present monetary policy divergence.

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al_dcdemo 11 Jan.

UPDATE 10: After months of underperformance, Australian Retail Sales improved in November. iPhone X and Black Friday sales have been cited. AUD/USD jumped 40 pips and is holding the gains. 0.7875 - 0.79 area, that includes 61.8% retracement of the September - December downswing, is the immediate barrier. 0.7850 is the initial support.

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al_dcdemo 15 Jan.

UPDATE 11: Australian dollar started the week on the front foot and is approaching 0.7975 - 0.80 area, where it is likely to encounter at least some resistance. It's Martin Luther King Day today in the U.S. - thinner liquidity could lead to either tighter volatility or outsized moves.

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0.75 may not hold Aussie in December

al_dcdemo Posted 30 Nov. as Analysis on AUD/USD, Target: 0.7450, Date: 2nd of January, 12:00 GMT  in #Technical analysis #AUD/USD #Daily Chart #Correction #Double Top #Weekly Chart #Technical Tools #Net Long Positioning #Relatively High Yield
Technical Tools
Support and resistance (S/R). Price levels, trendlines and Fibonacci retracements. Price action, candlestick and chart patterns. Simple moving averages (SMA). Commitments of traders (COT) indicator, which displays speculative positioning in FX futures market, used as a proxy for speculative positioning in spot FX market.
Weekly Chart
AUD/USD finally cracked the strong supply zone between 0.77 and 0.78 in July and the convincing break above the pattern extended to 0.8125, just ahe…
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al_dcdemo 15 Dec.

UPDATE 5: Fed hiked three times this year, which is at least one hike more than markets expected at the start of the year. FOMC's dot plot implies three hikes in 2018, markets are again not that hawkish. With so much money in the system and stock market seemingly engineered to go just up, federal funds rate could end up much higher than anyone expects. On the other hand, stock market bears have become surprisingly quiet this year.

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al_dcdemo 23 Dec.

UPDATE 6: U.S. dollar ended the week higher against yen, marginally lower against franc and lower against other G10 major currencies. Even though monetary policy divergence is still in force, some of the recent trades have most certainly been made with convergence, which already started this year, in mind.

al_dcdemo avatar
al_dcdemo 24 Dec.

UPDATE 7: Week ahead might easily end up being the least active week of the year. But otherwise subdued periods have often proved quite volatile in recent years. "Expect the unexpected" is one saying that is useful to always keep in mind in trading business.

al_dcdemo avatar
al_dcdemo 27 Dec.

UPDATE 8: The U.S. dollar started this holiday-shortened week on the back foot. Pullback in U.S. treasury bond yields and rally in commodities have been two drivers. Year-end position squaring could result to some messy price action into the end of the week.

al_dcdemo avatar
al_dcdemo 30 Dec.

UPDATE 9: U.S. dollar ended this year on a softer note. The dollar index posted its lowest monthly close since 2014. Expectations of other major central banks following Fed into hawkish direction began to outweigh the still present monetary policy divergence.

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EUR/JPY double top

expertmarss Posted 29 Oct.  in #Trader's blog #Eurjpy #Double Top #Tradersblog #Trader'sblog
Eur/jpy chart shown above is indicating a double top formation and a break of the last six month trend line which is a bearish formation . Eur/jpy could swiftly drop to the first support at around 130.00 level and then to the second support of around 128.00 level . Traders could take short positions on this pair and take advantage of this bearish technical picture .
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Aussie to retrace some more in November

al_dcdemo Posted 23 Oct. as Analysis on AUD/USD, Target: 0.7775, Date: 1st of December, 12:00 GMT  in #Technical analysis #AUD/USD #Breakout #Daily Chart #Double Top #Weekly Chart #Technical Tools #Net Long Positioning #Relatively High Yield
Technical Tools
Support and resistance (S/R). Price levels, trendlines and Fibonacci retracements. Price action, candlestick and chart patterns. Simple moving averages (SMA). Commitments of traders (COT) indicator, which displays speculative positioning in FX futures market, used as a proxy for speculative positioning in spot FX market.
Weekly Chart
AUD/USD was trying to crack the strong supply zone between 0.77 and 0.78 for more than a year, carving out a triangle pattern in the process. The pa…
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al_dcdemo 15 Nov.

UPDATE 5: AUD/USD fell 50 pips overnight, after the release of weaker than expected Wage Price Index. 38.2% retracement of the 2016 - 2017 upswing now looks properly broken. 0.75 - 0.755 area is the next major support. It includes 2016 - 2017 trendline, the big figure, and is backed by 50.0% retracement.

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al_dcdemo 17 Nov.

UPDATE 6: The U.S. dollar ended the week lower against European currencies and yen, and higher against commodity bloc. If we look at these currencies from the yield perspective, it was actually a typical risk-off week, albeit with reduced volatility.

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al_dcdemo 23 Nov.

UPDATE 7: FOMC Minutes highlighted the division among officials on inflation outlook, though majority still think inflation will ultimately pick up. December hike is virtually a done deal but what comes after that will increasingly hinge on inflation progress. The U.S. dollar was sold ahead of and after the release.

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al_dcdemo 28 Nov.

UPDATE 8: AUD/USD posted an outside day last Tuesday as it bounced from 2016 - 2017 trendline. One week later, the pair is trading about 75 pips higher, after sellers emerged ahead of 0.7650. Private Capital Expenditure report on Thursday will likely provide some fuel for either direction.

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al_dcdemo 29 Nov.

UPDATE 9: Progress on U.S. tax reform, better than expected GDP revision and Janet Yellen with some hawkish comments have all been welcomed by U.S. dollar bulls. Yet the currency struggled to make any significant headway. Markets have continuously underestimated Fed's resolve to normalize rates in this cycle.

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CAD/JPY

AngleRMS Posted 15 Oct. as Analysis on CAD/JPY, Target: 83.40, Date: 1st of December, 12:00 GMT  in #Technical analysis #Down Trend #CAD/JPY #Double Top

  1. I AM using Bollinger Bands and RSI for my technical analysis
  2. i am using weekly chart and daily chart for my analysis.
  3. I think it was double top .
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