Market Update for Dec 9th

Market Update for Dec 8th

Market Update for Dec 7th

GbpUsd view for week of Dec 06

Good Morning just a quick pic of what I’m seeing could develop this week on the GbpUsd.  May not happen at all but there are a few things that would make for a nice reversal spot. F.W.I.W. hope you enjoy.

TraderCisco

Trendwall break “Kiss your Momma™” AudUsd

I know I’ve been posting quite a few of these this week.  Just thought I would continue the theme of a pattern that is easy to see, and a pretty easy setup to trade.

Success!

Another Example of Kiss your Momma™ pattern

Today the EurGbp provided another example of the Kiss your Momma™

pattern.  Hope you find this interesting.

Kiss your Momma™ Pattern

I think we have all done it.  You know you run out the front of your house as a kid and your mother calls you back to give her a kiss before you leave.  Well I “see” that happening over and over in the charts.  A major level is broken, and before the move can continue it has to come back and “kiss” the level before the real drop can happen.

This pattern allows some of the best risk to reward ratio’s I ever see when trading.  Generally you can trade this with a very tight stop, 20 pips or less and the returns many times can be 10 to 1.  Here is a pic of the GbpUsd from this week and the return with a 20 pips stop is already over 5 to 1.  It hit to the pip and could have been traded with a 15 or even a 10 pip stop.  Start looking for this pattern and you will be surprised.  If you are a trader who tends to get yourself “caught” by trying to sell the lows or buy the highs.  A bit of patience will help you see that it should come back and test the level.

My expectation is that in the next day or two we will see the same occur on the EurUsd daily chart.  There is a two fold reason for this.  First the pattern that I just spoke about and secondly we have had 5 days in a row that were bearish.  I can tell you that the chances of 7 days in a row without a reversal candle is very rare on the EurUsd.  ( It has only happened a couple of times over the last 18 months).  So that combo to me sets up well for a reversal day and a perfect stop to short the EurUsd is 1.3290.  Do not be surprised if the level is front run by a few pips.  Many times it is hit to the pip but not always, and just because I expect this formation, that does not mean it will happen, but if it does I will be prepared.

TraderCisco

Trade Setup Today on the EurGbp

You might enjoy seeing one of the trade setups that occurred today on the EurGbp.

Have a Great Weekend!!

TraderCisco

Great Trade Setup on the AudUsd 100 Pip Trade

Really great setup on the AudUsd today during New York session.  Take a look at what I consider the best setup I’ve seen this month.

TraderCisco

GbpJpy Weekly Review

Hello All,

I was on vacation/holiday this week, however, on returning and examining the charts the GbpJpy provided a number of really good opportunities to trade it long.  Thought I would provide a video of what I noticed in the pair.  Hope you enjoy the video.

TraderCisco