Kiwi Bat in Play Now!

Wow! It has been a real volatile week in FX for me. Approaching the end of this week, I found this Bullish Bat Harmonic Pattern on the H4 chart of NZDUSD, and its currently in play. This pair has kept its recent price action in a range and as price approaches the bottom of the […]



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Will The Cypher Stop The Aussie Bears?

Looking at AUDUSD daily charts, it is quite evident that the momentum is with the bears for now. For those who are short on this pair, you might be wondering where would be a good target to aim for. Well, I spotted a pretty good looking Bullish Cypher Harmonic Pattern forming up on the daily […]



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Batting on Tesla

To say that I’m impressed with the performance of Tesla Motors (TSLA) stock price so far would be an understatement. Unfortunately, I late to the game and did not get in to enjoy the massive ride up so far. But TSLA is now making a correction. And lo and behold, I’ve found what looks like […]



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The 5 Market Truths

1. Anything can happen 2. You don’t need to know what is going to happen next to make money. 3. There is a random distribution between wins and losses for any given set of variables that define an edge. 4. An edge is nothing more than an indication of a higher probability of one thing […]



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[FX-USDSGD] No Go For This Bat After NFP

The price movement as a result of the Non-Farm Payroll announcement made sure that the Bearish Bat Harmonic Pattern I blogged about in my previous post is a no go. The price has moved down and almost broke below Point C. Even though Point C was not violated to the downside, the most recent price […]



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[FX-USDSGD] Bearish Bat Harmonic Pattern Spotted

Here’s one from my home currency… A potential Bearish Bat Harmonic Pattern forming on USDSGD 4-Hour Charts. The potential reversal zone is around the 161.8% extension of the BC leg and the 88.6% of the XA leg. I will be watching the price action when and if price reaches this zone. In this particular case, […]



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[FX-USDCAD] First Stop, Point B!

Checking in on my USDCAD short position based on a Bearish Bat Harmonic Pattern while on the bus to work this morning. Looking at Point B, which coincides nicely with the 38.2% retracement level of the AD leg to take out more of my position and risk as well. Below that there’s the 61.8% level, […]



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[FX-EURAUD] Double Top Bearish Reversal Chart Pattern Completion

Here’s an update of a post that I did earlier about the Double Top bearish reversal chart pattern that was forming on the daily charts of EURAUD. It seems that the pattern is now completing as I write this as today’s candle is currently breaking through the neckline of this pattern. The current daily candle […]



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[FX-USDCAD] Bearish Bat Forming – Update

This is an update of the this post I made about the Bearish Bat Harmonic Pattern that was forming on the Daily Chart of USDCAD. I entered before price reached the actual point D because I realised that price has already touched Point D before I noticed this pattern and before I blogged about it […]



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[FX-GBPCAD] Potential Bullish Bat Harmonic Pattern Forming

Harmonic Patterns again. This time it is a potential Bullish Bat Harmonic Pattern forming on the H4 chart of GBPCAD. I will be watching Point D for price action reversal signals. Filed under: AB=CD, Bat Pattern, Bullish, Fibonacci, Forex, Harmonic Patterns, Price Action, Reversal Patterns, Support & Resistance Tagged: AB=CD, Bullish Bat Pattern, Fibonacci, Forex, […]



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[FX - NZDJPY] Potential Bearish Cypher Harmonic Pattern Forming

Cyphers everywhere. This time I spotted a potential Bearish Cypher Harmonic Pattern forming on the H4 charts of NZDJPY. This Cypher is not perfect, if the rules of the Harmonic Pattern are followed strictly; Point B does not retrace at least 38.2% of the XA leg. But it is pretty close. As usual, Point D […]



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[US Stocks] EGO – Potential Bullish Cypher Harmonic Pattern Forming

I’m watching a Gold Mining stock called Eldorado Gold Corp (EGO). There seems to be a nice, potential Bullish Cypher Harmonic Pattern forming on its Daily chart. I will be watching and waiting for price action to develop near point D of the pattern. There is also a somewhat strong support zone that coincides with […]



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[FX-USDCAD] Bearish Bat Forming

I was scanning thru some charts this afternoon in between meetings and I spotted this nice looking Bearish Bat Harmonic Pattern on the USDCAD daily chart. The pattern is reaching completion as price is testing the 88.6% Fibonacci retracement level. Filed under: 3-Wave Correction Pattern, AB=CD, Bat Pattern, Bearish, Fibonacci, Forex, Harmonic Patterns, Potential Reversal […]



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[FX] EURUSD in Range And Approaching Resistance – Update

Looking back at my post on 20 August 2013 regarding EURUSD in range and approaching resistance, the latest happenings on this pair is showing that price is rejecting further upward movement at the resistance zone. I aslo see a Rising Wedge (circled in orange) formed plus a Bearish Divergence between price and the Williams %R […]



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FX Watch for Week Beginning 19 Aug 2013 – Update

Since my post on 18 August 2013 on the interesting FX pairs I would be watching for the week beginning 19 Aug 2013, I have entered two short positions. One on NZDJPY and the other on GBPUSD. NZDJPY Daily – Short Position Taken Based on Pin Bar At Resistance Zone In the case NZDJPY, the […]



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[FX-EURAUD] – Early Warning – Potential Double Top – Update2

The Symmetrical Triangle Pattern breakout, as described in my original post and subsequent update, clearly has failed. The price action shows a false breakout of the Triangle and now is moving back up to test the resistance zone again. This resulted in a small loss of 2% of my account balance, but its part of […]



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[FX-EURAUD] Early Warning – Potential Double Top – Update

This is an update of the post from last night on the potential Double-Top forming on EURAUD. I woke up the morning after the Triangle breakout short and I must confess…. it does not look good! But, the market decides our fate and we have to accept that. It is part and parcel of this […] http://ifttt.com/images/no_image_card.png



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[FX - EURAUD] Early Warning – Potential Double Top

Looking at the weekly chart of EURAUD, there could be a potential Double Top chart pattern forming. Current price action is also at significant resistance zone. On the Daily Chart the Double Top Chart Pattern is more obvious. If we zoom in to the H4 Chart, price has consolidated into a Symmetrical Triangle Pattern, which […]



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