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Brainstorming Session: OctaveJay's Weekly n Daily Trade Setups

  • #41
  • Mar 16, 2016 11:44am Mar 16, 2016 11:44am
NZD/USD, M15TF

Gosh! I just can't believe it man. The market stopped me out on this pair, gave me no another Entry point
until 1:00pmCST... I went to a much lower TF to get an entry, it was a complete mess.....

I hope that some of you took advantage of that pair.

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #42
  • Mar 17, 2016 9:14am Mar 17, 2016 9:14am
USD/CAD, Monthly

USDCAD is a very interesting pair to watch, I know that the monthly chart is a long shot, but I am
willing to follow that Direction until it changes on me...

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This Tuesday, I had a great setup on this pair, and I jumped in too early and the pair wasn't moving
at all for almost 13 hours, and the moment I gave up on it... This thing started moving nicely after
taking another pause for 15+ hours.....HAHa! This pair drops for more than 400pips.... Excellent!

Lesson learned: Patience! Patience! and Patience!

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #43
  • Mar 17, 2016 9:42am Mar 17, 2016 9:42am
Quoting OctaveJay509
USD/CAD, Monthly USDCAD is a very interesting pair to watch, I know that the monthly chart is a long shot, but I am willing to follow that Direction until it changes on me... {image} This Tuesday, I had a great setup on this pair, and I jumped in too early and the pair wasn't moving at all for almost 13 hours, and the moment I gave up on it... This thing started moving nicely after taking another pause for 15+ hours.....HAHa! This pair drops for more than 400pips.... Excellent! Lesson learned: Patience! Patience! and Patience! {image}
Hi Octave: Very nice chart! Wow! It's really a cycle recreated almost the same past, exactly step by step as a symmetric movement! Wow! I see the big picture. Thank you so much! If this is the case for this pair, it should be the same for others; it's just question of identifying the big picture/cycle. This said, I may comment your targets. Your first one is fine, however your second one, I don't think it will reach it; your second target was in the uptrend movement. The next target should be 1.41-1.42.
Look again at to your chart and consider January 1, 2009 as your symmetric axe. This is just my view! Thanks again!
  • #44
  • Mar 17, 2016 10:42am Mar 17, 2016 10:42am
Quoting Fadhl
{quote} Hi Octave: Very nice chart! Wow! It's really a cycle recreated almost the same past, exactly step by step as a symmetric movement! Wow! I see the big picture. Thank you so much! If this is the case for this pair, it should be the same for others; it's just question of identifying the big picture/cycle. This said, I may comment your targets. Your first one is fine, however your second one, I don't think it will reach it; your second target was in the uptrend movement. The next target should be 1.41-1.42. Look again at to your chart and consider...
Hi Fadhl,

You might be right tho on the second Target... Based on Market Structure, the First Target will hit and bounce off of that level to initiate a continuation to the upside, but you have to keep in mind that there's a correlation between this pair and Oil Price Index...I have a feeling if Oil Price gets back to 70-80ish ( I do need to analyze it to be certain) within 6-12months, that second target will definitely be in play.....

Trust me brother, Market Cycle is no Joke, It's gut wrenching when you see a beautiful setup like this on the monthly chart, and you know it's going to take forever to fulfill. Sometimes, you question yourself and wondering why?

Honestly, it takes time to see a clear picture like this, but you should definitely see them on all the pairs.

Hint: I have those pairs on my watchlist for a reason....maybe I see something similar on the weekly chart or the Monthly chart. Who Knows? LOL!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #45
  • Mar 17, 2016 10:54am Mar 17, 2016 10:54am
Quoting OctaveJay509
{quote} Hi Fadhl, You might be right tho on the second Target... Based on Market Structure, the First Target will hit and bounce off of that level to initiate a continuation to the upside, but you have to keep in mind that there's a correlation between this pair and Oil Price Index...I have a feeling if Oil Price gets back to 70-80ish ( I do need to analyze it to be certain) within 6-12months, that second target will definitely be in play..... Trust me brother, Market Cycle is no Joke, It's gut wrenching when you see a beautiful setup like this...
My plan now is to dig further your chart into Weekly, H4 and H1 to figure out if the cycle is also repeating itself at these timeframes. My guess tells me YES! Will see You don't know how much your chart opened my eyes!
This said of USDCAD with OIL is not totally perfect. I will strongly rely on the cycle than on the correlation. Thanks again!
  • #46
  • Mar 18, 2016 10:58am Mar 18, 2016 10:58am
Good afternoon Octave: In line with our last exchange on Cycle/Pattern, could you help me to have H1 clean Charts for key Pairs, Gold and Oil for the most longer period of time to find cycles and patterns? I'm enable to have charts like yours. Also, the period of time I have been extracted does not show me long period of time.
Thanks and have a wonderful weekend!
  • #47
  • Mar 18, 2016 12:38pm Mar 18, 2016 12:38pm
Quoting Fadhl
Good afternoon Octave: In line with our last exchange on Cycle/Pattern, could you help me to have H1 clean Charts for key Pairs, Gold and Oil for the most longer period of time to find cycles and patterns? I'm enable to have charts like yours. Also, the period of time I have been extracted does not show me long period of time. Thanks and have a wonderful weekend!
Hi Fadhl,

I think that I can help, but I barely have time right now... So, I will do my best to give you all the information necessary this weekend and a few indicators in the process.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #48
  • Mar 20, 2016 12:59pm Mar 20, 2016 12:59pm
Quoting Fadhl
Good afternoon Octave: In line with our last exchange on Cycle/Pattern, could you help me to have H1 clean Charts for key Pairs, Gold and Oil for the most longer period of time to find cycles and patterns? I'm enable to have charts like yours. Also, the period of time I have been extracted does not show me long period of time. Thanks and have a wonderful weekend!

Hi Fadhl,

Here's a screenshot of my indicators...
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ZUP_v92 Alert is the one that draws the patterns for you, but remember not all patterns are created equal...

It's best to use them patterns as an Entry Technique; Meaning, the probability of success will be in your favor
once you find a Bearish Pattern on a Bearish Trend or vice versa...
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #49
  • Mar 20, 2016 1:38pm Mar 20, 2016 1:38pm
Week 5: March 20th - March 25th, 2016


Potential Trade Setups on my radar this week

1. USD/CAD, H4TF
2. EUR/USD, H4TF
3. GBP/USD, H4TF
4. AUD/USD, H4TF

1. NZD/USD, H4TF
2. EUR/JPY, H4TF
3. GBP/JPY, H4TF
4. EUR/CAD, H4TF

1. GBP/CAD, H4TF
2. CAD/JPY, H4TF
3. AUD/CHF, H4TF
4. AUD/JPY, H4TF

Note: I might add more setups throughout the week on other pairs.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #50
  • Mar 20, 2016 1:41pm Mar 20, 2016 1:41pm
Quoting OctaveJay509
Week 5: March 20th - March 25th, 2016 Potential Trade Setups on my radar this week 1. USD/CAD, H4TF 2. EUR/USD, H4TF 3. GBP/USD, H4TF 4. AUD/USD, H4TF 1. NZD/USD, H4TF 2. EUR/JPY, H4TF 3. GBP/JPY, H4TF 4. EUR/CAD, H4TF 1. GBP/CAD, H4TF 2. CAD/JPY, H4TF 3. AUD/CHF, H4TF 4. AUD/JPY, H4TF Note: I might add more setups throughout the week on other pairs.

Thank you so much for these!

kindest regards
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #51
  • Mar 20, 2016 1:58pm Mar 20, 2016 1:58pm
EUR/USD, Daily Chart

Despite the Bearish Gartley Pattern in play on the daily chart, it looks like EUR/USD wants to go further to the upside.
So, I am going to observe it on a much lower TF and see if I can get some Buy Entries throughout the week....

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H4TF tells me that this pair wants to retrace a little bit, before continue its uptrend....I am hoping that EUR maintains its
strength this week since we are going to have a slow week in terms of market Volatility (Weekly Economic Calendar).

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #52
  • Mar 20, 2016 2:07pm Mar 20, 2016 2:07pm
Quoting v2vboni
{quote} Thank you so much for these! kindest regards
You are welcome mate!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #53
  • Mar 20, 2016 6:36pm Mar 20, 2016 6:36pm
AUD/USD Update:

My Market Bias on this pair is currently Weakly Bullish, due to the fact that this pair has been moving nicely for
the past 2 months, and it's about time for some traders (Position Traders) to start closing some of their Long Positions,
because this pair is trading near major Resistance Levels and a psychological number 0.77000...

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I would like to see a final push to the upside, before it starts to rotate to the downside.....I think that this pair is going to be
very quiet on Monday, and maybe see a little bit of volatility early Tuesday during the London Session....

It's best to observe this pair right now, and take what you can get throughout the week....Daily Market Sentiment
might help us to get a quick 25-30pips trade here and there.

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Note: Keep your eyes open on the Fundamentals.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #54
  • Mar 21, 2016 11:33pm Mar 21, 2016 11:33pm
Here's what I am looking at and I expect to take advantage of the Daily Market Sentiment....

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #55
  • Mar 23, 2016 10:44am Mar 23, 2016 10:44am
GBP/USD, M30TF

This week is definitely a surprised week for me on GU. I think that I had too much expectations on this pair... I wanted
to see a small Bearish pullback then a continuation to the upside...I kept placing small short trades here and there,
and hoping for a reversal, and never got it....

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Despite all the short selling, I think that I have failed myself because if I was following my system and focused on the
Current Market Condition, I would be adding positions instead of getting in and out.....

I need to stop skipping on my Daily Routine, and get it together, LOL!

Anyway, tomorrow during the London Session, we are going to have some High-Impact Risk Events, I think That GBP and EUR
are going to be in Play....

So, I will not be around to update you guys, but I will be trading the market for sure.

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So, keep your eyes Open on GBP and EUR pairs
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #56
  • Apr 4, 2016 11:33am Apr 4, 2016 11:33am
Week 7: April 3rd - April 8th, 2016


Potential Trade Setups on my radar this week

1. EUR/USD, H4TF
2. GBP/USD, H4TF
3. GBP/JPY, H4TF
4. GBP/CHF, H4TF

1. CAD/JPY, H4TF
2. GBP/NZD, H4TF
3. GBP/AUD, H4TF
4. AUD/JPY, H4TF

Note: I might add more setup throughout the week on other pairs.

Remark: I had to skip week 6 because I wasn't feeling good that week, and still recovering.....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #57
  • Apr 4, 2016 11:54am Apr 4, 2016 11:54am
EUR/USD Insight:

Current Market Condition: Weakly Bullish (Bearish Divergence across the Board)

On March 10th, The ECB cut the Deposit Rate by from -0.3% to -0.4%, the Main Refinancing Rate
from 0.05% to 0.00%, and the Marginal Lending Facility from 0.30% to 0.25%. They also announced
a new series of 4 TLTRO's and an increase of 20Bn Euro per month to the asset purchase program,
now at 80Bn Euro per month.

This month is going to be the first purchase on the program.

TLTRO means Targeted Longer-Term Refinancing Operations.

So, I decided to short the market before the masses, and hopefully I will add more positions once the
Bearish Momentum confirms itself....It might be too risky for some people, but if you use a small position
to test the water, you are more than welcome to do so....

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #58
  • Apr 5, 2016 10:12am Apr 5, 2016 10:12am
Last Update on EUR/USD

After countless hours without any significant movement in the market, I have decided to lower my TP so that I can
take advantage of any small bearish movement... I noticed PA was struggling during the first hour of London Session,
and I used 113 Fib Level as my Exit, because when I was looking at price on M30TF, EUR/USD was having a hard time to
past through Yesterday's Low and on top of that EUR was somewhat Strong on the Meter Strength Scale indicator....

I did close out the first trade, and I was waiting for a small pullback to go short again with a small SL.....

As you can see, I got stopped out during the US session, I think that there was a Red News on USD - Trade Balance and
clearly it was out of my control, because I was in a deep sleep. LOL!!!

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I am not sure what this market wants to do, but having Draghi and Yellen speak in the same day (This Thursday) is really
bad for this pair from a Fundamental standpoint....

Draghi has been Hawkish since March 10th which was very surprising to say the least and Yellen stressed caution in raising
rates (Dovish) last week while we were hoping for the first Hike last month.....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #59
  • Apr 7, 2016 12:11pm Apr 7, 2016 12:11pm
GBP/JPY Insight:

A Storm is Coming.....It's going to be Massive, but I will restraint myself so that I can trade this pair accordingly.

Earlier today during the London Session, I was shorting the heck out of this pair, and it was very Fun and all of a
sudden I noticed something big on the Higher TF....

I didn't want to ignore it because this pair has been going down since March 30th, and it only makes sense for me
to respect the Fib Levels since I trade price action with Fibs....

Right now, the Current Market Condition is still Bearish, and there's still room for this pair to go further down.

Will it go Further? I don't know......

My only expectation is to see Price maintains itself and stays above Today's LOW: 151.629. However, Brexit concerns
continued to provide negative sentiment across the board......

This is a Perfect "Chaos Theory " situation.....

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #60
  • Apr 27, 2016 6:14am Apr 27, 2016 6:14am
No Explanation Needed...I have been calling for this pair to go DOWN for quite some time.....

Goldman Sachs is late to the party, and now calling for OIL to go UP.....What a Joke!

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Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
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