Mr.Pip

Mr.Pip Updated 

Personally, I am not in this trade. USDCAD looks like it is in a monthly range which is probably the best way to learn how to trade. If weekly/monthly trendline breaks and demand dries up it's safe to say bears may take prices down to 1.06 or lower (from a technical point of view). Look for the negative correlation between oil and the Canadian dollar. I would plot...

Mr.Pip Updated 

Personally I am not taking this trade; however I would like to see the outcome of my analysis. Looks like a pretty simple setup. -Trendline retest (3x) confirmation -Weekly rejection candle -Would enter at the .50 fib retracement 1:3 Risk/Reward (Conservative) This is a counter trend trade on the weekly time frame. The higher the timeframe the better the odds....

Mr.Pip Updated 

I am aware that trading is not a science, it's more of an art. I believe this is worth paying attention to... checking for reference etc. It will be very very interesting to see how EU plays out.....

Mr.Pip Updated 

I would personally be using this analysis to either Long or Short USDCAD. As far as explanation the first demand zone is a (DBR) Drop Base Rally indicating Buyers overpowered the sellers. *The bottom demand zone is: A: The lowest low B: The first rally indicating buyers are more greedy and sellers are more fearful there.

Mr.Pip Updated 

I have been watching the stock market for a very long time and seeing it's movements is a sight to see. From hearing people getting whipsawed to people losing accounts due to their incompetence. Anyways.... the market can do 3 things. 1. Break highs sucker in bulls and drop like a rock. 2. Drop like a rock 3. Break highs, come back to resistance (beautiful...

Mr.Pip Updated 

Measured move... nothing fancy confluent with a fib. Looks really interesting. Drop Base Drop

Mr.Pip Updated 

Gold, what a lovely commodity and money making machine. Potential long?

Mr.Pip

K.I.S.S: -Weekly Bearish Rejection Candle -Price retraced to .50 fib on/at rejection candle -Price broke steep trendline -Price returned to broken trendline and retested + printed another rejection candle -Price broke daily higher low with bearish candle Market logically and technically looks bearish, 1:4.7RR isn't that bad.

Mr.Pip Updated 

Market has been spewing bad signals in irrelevant areas. Finally something worth taking (I hope you guys aren't blowing up your account with LQ setups). -Weekly Bullish Influence -Fake out (trapped bears/sellers at weekly level *plot on your chart*) -Break and retest with a powerful 4hr Bullish rejection candle -4hr trendline break. Looking at a minimum of...

Mr.Pip Updated 

-Support turn resistance -Massive rejection candle -Price Action below mean Entering at .50 looking at possible 1:5RR Exiting at Weekly Support/Turning Point

Mr.Pip Updated 

-Swing Low broken and retested. -Rejection at the swing low/resistance. -10, 20 EMA's acting as dynamic resistance. -Entering at .50 of Rejection candle. 1:4 RR MINIMUM 1:6.4RR MAX. * KEEP YOUR TRADING SIMPLE, WITH PROPER RISK MANAGEMENT.*

Mr.Pip Updated 

Sorry guys I haven't posting a lot lately. Have been caught up with some personal adventures; I regress... Taking a long at the break of the bullish indecisive candle. Have some nice confluences pointing towards the upside. -Bullish breakout of range -Uptrend -Monthly candle bullish This can be a trap set by the bears; I do not know nor do I care. Trade what...

Mr.Pip

Fairly simple analysis, gold has landed on a weekly demand level (Rally Base Rally) with an awesome fakeout that most likely suckered in bears. I am entering at the .50% fib as I always do. Confluence: - Daily Support -BreakOut Trap -Weekly Demand Level -Under the market mean (20 and 10 MA) It's all about probability! Enjoy!

Mr.Pip

Awesome rejection candle on the weekly with confluence of course. I am looking for a 1:5 RR; 1:3 RR MINIMUM. I am entering at the 0.50% fib, if I don't get triggered I am not in period.

Mr.Pip Updated 

This is a wonderful chance to catch some nice profit! Looking at a conservative 1:3 Risk:Reward ratio; I am willing to move my TP to a 1:4-6. Entered at the .50 retracement of the daily rejection candle of the past highs (highlighted in circle). Remember guys, this game is all about probability and simplicity! Enjoy!

Mr.Pip Updated 

This chart is a great example as to why you must remain objective as possible when trading. Trade what you see and not what you think. The current trend is heading downwards, however it doesn't mean we can not catch a reversal highlighted on my chart. Price looks like it's heading towards weekly supply to get more steam; either way profits can be made!

Mr.Pip Updated 

I am creating a blog with some free valuable content and decided to post this as I was going through what I look for in a trade. Blog: fxcontrarian.wordpress.com (Name will change soon)

Mr.Pip Updated 

Getting in at the .50 fib retracement. Bulls seem to be defending this support so I will be joining the party. -Potential Head and Shoulders -Clear defined Pinbar rejected from support -7 week bull run -Potential triple bottom on the monthly time frame -Bottom of the range 1:17 RR... 1:5 RR MINIMUM (targeting lower high)