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Keys to Trading Consolidations

DaddyPapi Updated 5 Oct.  in #Trader's blog #Consolidation #Breakouts #Daily Chart #Candlestick Analysis #False Breakout #4 Hour Chart
There are 3 Main ways to trade Consolidation Patterns.
1. Trading Within Consolidation between Support and Resistance;
2. Trading Breakouts;
3. Trading False Breakout Reversals;
Each of these scenarios can be profitable, but the keys to being able to trade them successfully comes down to identifying the right Trading Signals.
If you Swing Trade the markets using the Daily and 4 Hour Charts without Indicators, then it means trying to identify the correct Candlestick Signals and Patterns on these …
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100-PIP TRADES, GBP JPY, CAD JPY

DaddyPapi Posted 2 Apr.  in #Trader's blog #4H Chart #Support #Consolidation #Daily Chart #Resitance
At the end of last month, GBP JPY and CAD JPY had similar setups on their Daily and 4H Charts that could have given the sharp-eyed trader 100 pips on both. Both were moving withing Consolidation patterns on their respective Daily Charts and gave signals to indicate entry was possible on their 4H Charts.
The GBP JPY was in the process of forming the 2nd Support point of its large Pennant on the Daily Chart when it gave a bullish U-turn signal. This was a sign of a pending rally to Resistance and …
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FALSE BREAKOUT FOR USD CAD ?

DaddyPapi Posted 21 Mar.  in #Trader's blog #Consolidation #Daily Chart #Candle #False Breakout
The USD CHF had given us a strong bearish signal to break Support of the large Daily Chart Pennant, only to disappoint by breaking out for a short distance before now being set to return inside the consolidation. With the USD CAD giving a similar, but bullish signal this week, will we see a similar pullback or a large profitable breakout?
USD CHF-DAILY CHART
There was an initial signal followed by a sharp U-turn then a brief breakout of only 140 pips-small in comparison to the size of the Pennan…
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TRADE SETUPS COMING UP

DaddyPapi Posted 6 Mar.  in #Trader's blog #4H Chart #Consolidation #Daily Chart #Range #Yen Pairs
The EURO JPY and CHF JPY have given signals on their Daily Charts to begin bullish breakouts over the next few days. The Daily Charts had formed Consolidation patterns as they moved sideways over the last several weeks and now appear ready to start a new uptrend. Trading them aggressively can give 180 to 200 pips each and 360- 400 together.

EURO JPY - DAILY CHART
The next major target would be the Resistance of 145,67. An identical patterns can also be seen on the CHF JPY. In this case, the Res…
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1 Comments
Convallium avatar
Convallium 6 Mar.

thank you, for your vision) so all other depends from trading parameters and our capital)

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TWO TRADES, TWICE THE FUN

DaddyPapi Posted 11 Feb.  in #Correlation #Counter Trend Line #Daily Chart #200 Pips
Simultaneous trading opportunities can arise when we have two or more pairs that are strongly correlated with each other. The EURO CAD and the CAD CHF are two such pairs that are inversely correlated with each other, with similar patterns that allow you to benefit from signals and major movements in each. The Weekly Charts for both below illustrate this close co-movement as well as a recent 200-pip move for each that occurred when both broke their respective Counter Trend Lines on January 22,…
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