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Market Analysis - Forexmospherians.com

Market Analysis Blog is the traders navigation page for quickly referencing the latest updates for this category and adding Market Analysis posts.

 Share your Market Analysis with the community but try to avoid just simply posting a Chart, link or video and saying this is great. Explain what makes it great or how this was useful. Sometimes the Market Analysis is crystal clear to experienced traders but they will remain a mystery to anyone not seeing what you know. So say what you enjoyed about it or describe why you made that Trade, came to that Market Analysis or set of results. 

Daniel Stasziek

Now Don't You Chase those Pips By Sir Gissachance

Now Don't You Chase those Pips, No, Just Relax and Let The Pips Come to You - By Sir Gissachance

Well thats the title as above but will double up as the motto for this forex blog and trading strategy so below. So taking a walk through this trade and talking about the EURAUD long, with 147 pips on the table and holding the trade taken last night. Initially setting the trap by watching this pair recoil almost like a market snake after a bullish move upwards. Turning this way and that way, all the time the market was moving but going no where. An ascending triangle formed and was my Early Pattern Recognition (EPR). As we know and previously mention, the market was primed for bull in the larger frames but technically speaking, it could quite easily gone the otherway and taken a turn for the bears to control. Fundies also told me there was a Bull Euro but thats not enough for me to take a trade on. I trade the markets using technical analysis, price action patterns, support and resistance and the line data translation. I see and use the line to my advantage as it writes a code across my charts. In essence I would suggest a trader should map their own course with whatever the data means to them, with an ear on the grapevine listening out for important fundamental analysis. 

Forex Currency Pair EURAUD Technical Analysis: 1 minute with higher lows for bulls versus highs stabilised for bears.

The trap is set, entry trade ready on the breakout and retest. Intial stop loss set @1.5560

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Technical Analysis: 1 minute with higher highs for bulls versus higher lows for bears. = Positive Price Action

The Details: Breakout + MC + DC + DC +DC + EPR = Positive

ISSL = 1.5570

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Technical Analysis: 5 minute with higher highs for bulls versus higher lows for bears. = Positive Price Action
The Details: Breakout + INV + DC + DC +DC + EPR = Positive
ISSL = 1.5570

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Technical Analysis: 1 minute with higher highs for bulls versus higher lows for bears. = Positive Price Action
The Details: Breakout + INV + DC + DC +DC + EPR = Positive
ISSL = 1.5570
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Technical Analysis: 15 minute with highs stable for bulls versus higher lows for bears. = Positive Price Action
The Details: Breakout Ascending Triangle + MC = Positive
ISSL = 1.5575
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Technical Analysis: 15 minute with higher highs for bulls versus higher lows for bears. = Positive Price Action
The Details: Breakout Ascending Triangle + MC + MC + MC+ MC = Positive
ISSL = 1.5625
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Technical Analysis: Daily with rising trend for bulls versus counter for bears versus breakout for bulls and retest = Positive Price Action
The Details: Breakout descending channel  + DC + DC + REV + Breakout and retest = Positive
ISSL = 1.5625
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147 Pips Long and Holding

 

My only hope is this Forex traders blog helps all of the Good Guys in Life and as always I hope the alerts arrived in the very best of time.

The Trigger point

Best Regards,

Sir Gissachance

E-mail me when people leave their comments –

Sir Gissachance (PPND)
Forex Trader and Senior Technical Analyst
Currencies USD, EUR, GBP, JPY, AUD, CAD, NZD, HKD, CHF, All.
Previous contributor and lead Trader: Secret Forex Society (SFS), IRC Forex, FXStreet, Forexmosgate, Forexmospherians.com
Market Alerts - Forex Trading and the Wisdom of the Crowd, Forexmospherian Currency Kraken.
Youtube Trading Videos.
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Comments

  • Awesome trading Sir Gissachance another quality live call on the money trade, that takes some concentration and focused entry in these minor time frames. I especially like the follow up technical analysis for being extremely detailed and super descriptive, actually after all these years still number one trader second to none and thanks for the charts and pips, I caught the trigger alert and let it run, 120 pips so thanks. Have a great weekend. 113.gif

    Regards,

    F

    EURAUD M1 Ascending Triangle
    02.02.18.EURAUDM1 EURAUD M1 Ascending Triangle Breakout Trade Long Scalping Forex Markets To learn more about trading forex join the forum at Forexmo…
    • Agreed and well said Forexmospherian. Great work Sir Gissachance and another wonderful forex market post, detailed charts, multiple time frame analysis, with chart patterns most folk won't be able to see unless they are drawn out like this. It's fantastic and quite remarkable that you manage to capture market price action dynamics, seeing them almost in another dimension by adding perspective to the trade. Noted and good idea on your slow stop loss was key here too. Great focus, great trader and great forex blog.64.gif

      Holmes

      • You are welcome traders and thanks for saying so, I hope you are enjoying the weekend.

        Later we can prep up ready for the next trading week and if anyone needs a reading on any currency pair in any time frame then please let me know.

        Best Regards,

        Sir Gissachance

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