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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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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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Double bottom of the major pair

megajorko Posted 1 July as Analysis on EUR/USD, Target: 1.185, Date: 3rd of September, 12:00 GMT  in #Technical analysis #Double Bottom #EUR/USD #Ema #Bollinger Bands #Ichimoku #Rsi
Hello traders,
I have made some short tehnical analysis on the pair for the Daily and Weekly charts based on some major indicators which are (Bollinger Bands, Exponential moving average and Relative strength index) I also included the Ichimoku overlay chart for some clue on the cloud sentiment if we can say so.
On the Daily chart we can see the following picture:
Here we have 3 bottoms. The price tried to reach unsuccessfully the level 1.15 and after the recent sharp spike of the EUR we can see …
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USD/CHF to test 200 week SMA before bouncing

al_dcdemo Posted 4 Dec. as Analysis on USD/CHF, Target: 0.9825, Date: 1st of February, 12:00 GMT  in #Technical analysis #Double Bottom #Daily Chart #USD/CHF #Range Trading #Weekly Chart #Technical Tools #Net Short Positioning #Monetary Policy Divergence
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
USD/CHF broke below 200 week SMA and posted a weekly close below historically strong support at 0.95 twice, but losses were reversed promptly on bot…
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al_dcdemo 24 Dec.

UPDATE 6: Week ahead could 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.

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al_dcdemo 27 Dec.

UPDATE 7: The U.S. dollar started this holiday-shortened week on the back foot. Falling 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 8: 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 are beginning to outweigh the still present monetary policy divergence.

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al_dcdemo 10 Jan.

UPDATE 9: USD/CHF broke above the pivotal 0.98 level, after spending one week below it. Position in the futures market is net short, but not at extreme levels, so there might still be some upside potential. Trendline, drawn off of October and December highs, is the area to keep an eye on.

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al_dcdemo 25 Jan.

UPDATE 10: U.S. dollar extended losses yesterday after treasury secretary Mnuchin told World Economic Forum that a weak dollar is good for trade. USD/CHF fell below 2014 - 2017 support line and stalled at the strong support area 0.94 - 0.945. A successful break would bring 0.90 - 0.91 into focus.

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USD/CHF to test below 0.98 in December

al_dcdemo Posted 30 Nov. as Analysis on USD/CHF, Target: 0.9775, Date: 2nd of January, 12:00 GMT  in #Technical analysis #Double Bottom #Daily Chart #USD/CHF #Range Trading #Weekly Chart #Technical Tools #Net Short Positioning #Monetary Policy Divergence
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
USD/CHF broke below 200 week SMA and posted a weekly close below historically strong support at 0.95 twice, but losses were reversed promptly on bot…
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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 grown surprisingly quiet this year.

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al_dcdemo 23 Dec.

UPDATE 6: U.S. dollar ended up higher against yen, marginally lower against franc and lower against other G10 major currencies this week. 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 could 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. Falling 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 are beginning to outweigh the still present monetary policy divergence.

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AUD/USD

Mahogany Posted 28 Sep.  in #Double Bottom #?
Aud/usd down to 0.7815 , hit a few weeks ago lowest level . Testing the support level. Usd back to the up trend now? I doubt! Usd raise interest rate on Dec. AUD still in a up trend , a good time to long Aud/Usd at the moment.
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AUD/USD

Mahogany Posted 28 Sep.  in #Double Bottom #?
Aud/usd down to 0.7815 , hit a few weeks ago lowest level . Testing the support level. Usd back to the up trend now? I doubt! Usd raise interest rate on Dec. AUD still in a up trend , a good time to long Aud/Usd at the moment.
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USDCAD is likely to rise

mrlfx Posted 1 Sep.  in #Trader's blog #Double Bottom #Support And Resistance #Wave Analysis
USD/CAD is currently tracing a double bottom chart pattern. The pair is likely to rise anticipating a strong NFP numbers today. But with a bad NFP number, the pair could fall also.
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2 July :my point of view on GBPUSD weekly chart

ForexSpeaker Posted 2 July  in #Trader's blog #Double Bottom #Cot Report
Good Morning dukatraders
here we are with GBP ,,, after brexit and searching for trading idea according to weekly trading
  1. COT
  2. Technical analysis
    30 M time frame
    i m going with buying according to reach minimum the last high and also we can from here another pattern
  3. Fundamental new
  4. Perfomance
    have a great week end
    greeting from cairo
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1 July : GBPCHF bullish trend according to Double bottom pattern

ForexSpeaker Posted 1 July  in #Trader's blog #Double Bottom #Gbpchf
Good Morning Duka traders
in preparing for london market according to some interested pattern
it s interested trading idea because we have the great ratio for stop lose and take profit
it s not at all risky for our stop
according to double bottom pattern it s interested to take it more than leave if
and the chart for GBPCHF 1H
have a great day and good luck
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