CadJpy Analysis - spartan forex trading academy review

CadJpy Analysis ~ spartan forex trading academy review

#CadjpyYesterday evening, I was thinking about this market and I knew I was looking for a selling position though the...

Posted by Sanmi Adeagbo on Wednesday, May 6, 2015

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UsdYen Intraday Congestion! - forex trading account review

UsdYen Intraday Congestion! ~ forex trading account review

The bullish move which started in 2011 doesnt look exhausted, though getting to the last lap before a correction follows. 

 

The 5th wave of this impulsive move is an extended and one might think that if the top of the 3rd wave of the 5th wave is taken out, price can move in another extended move to 127 or 134.

 

 

Presently in the 4 hour chart, price is confined in a correction that looks like a double zigzag or flag chart pattern (if completed as illustrated in the analytical chart below). 

 

If price is held above 115.6 and price rallies from there, one could be thinking of 127 and later 134.

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Is Cadjpy ready to go down - forex trading with signals

Is Cadjpy ready to go down ~ forex trading with signals

On 15th June, we forecast a real strength in Yen. Yen pairs were expected to start falling according to the analysis titled Yen is expected to strengthen acrross board.

After a while, UsdJpy started falling but the Cadyen moved within a range.

We have been watching cadjpy for some time . The completion of the recent medium term bullish move could mean the completion of the long term zig zag correction which started in february.

The chart below shows the intra day wave count. A break below 99.45 could mean the continuation of the bearishness that paused before february.

 

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I Love Diagonals Euraud! - forex trading signals urdu

I Love Diagonals Euraud! ~ forex trading signals urdu

This trade was one of the case studies of  trade the pattern and not the count. I am a strict advocate of pattern trading. 

 

Whats my business opening a position when a pattern is not in place?

Toward the end of April, I saw a diagonal pattern, a textbook one.

Prior to that, I have been following the pair since January and was trading along as tradable patterns are being revealed. 

A 5-wave impulsive move ended in January, 2014 ( my type of trade). I still dont undersatnd how I missed it.

 

 

A long term correction was expected. 

We saw the first leg of the correction ending in september. It was another 5-wave pattern. 

 

I dont usually trade the impulsive end of wave A( I prefer trading the corrective end of B), besides, the 5-wave pattern wasnt very clear ( I had to view through lower time frames to count). 

 

 An advance followed as expected which was a clear A-B-C zigzag pattern.

 

 

 

 

 I have traded more than 30 zigzag patterns since i started in the path of elliot wave and harmonic pattern trading. I love them and Ive gained a mastery of how to recognize and trade a viable zigzag correction pattern.

I traded this pattern on December 2014, though I didnt share the analysis here. I exited with 720 pips risking 340pips. 

 

My projection for this dip was at 1.3250. I determined to wait and see what price will do. I was not just expecting a dip to 1.3250 but in a motive wave--- a 5-wave impulsive move or an ending diagonal.

On April, 2015, an ending diagonal pattern was formed, a textbook one. The pattern completed at 1.3660, 420pips away from the projected 1.3250.

 

 

 

 

The pattern was so clear and I jumped at it after confirming with my entry parameters . I bought at 1.3965 and price moved a bit up.

Price moved up and down slowly in a typical diagonal end-of-formation move.

 

I posted an update here with an analysis titled Euraud at critical wave zones and I discussed how to profit from the diagonal effect. 

 

It was a good one. I was very happy when I got calls from readers of this blog and some facebook friends I shared with. 

Euraud has gone to 1.5 from there giving me 850 pips after risking 350pips. 

What a profitable patterns. I have seen many diagonals forming and traded a handful of them. 

 

They are not perfect, no system/methodology is, but are among the very high probability trades with good risk/reward ratio.

How I recognise diagonals will be explained in details in my coming 6-weeks mentorship course.

You can book a spot

Interested? Call or sms +2348134820569 or mail forexmaster05@yahoo.com

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