Pattern Trader - November Trade Analysis, Trade Set-ups and Profit (Loss)

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Bruno Hampton
6 years ago
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1 Pattern Trader - November Trade Analysis, Trade Set-ups and Profit (Loss) Instrument: S&P 500 (US500) Entry Order: SELL Stop loss: Take profit: Analysis: This market could be at an important "inflection" point. Friday's key reversal is at or near an important resistance level. Could this be a Double-top and the start of a bear market in this asset class? See my Special Stock Market report video for further analysis.

2 Currency Pair: EURCAD Entry Order: SELL Stop loss: Take profit: Analysis: EURCAD has formed a Descending wedge triangle (bear) price pattern. Friday's large key reversal suggests further price declines ahead. Currency Pair: GBPCAD Entry Order: SELL Stop loss: Take profit:

3 Analysis: GBPCAD has formed a Head-and-Shoulders (bear) price pattern. Friday's large key reversal took prices to the neckline. Penetration below current levels suggests there could be (much) more downside in this pair. Currency Pair: NZDUSD Entry Order: SELL Stop loss: Take profit: Analysis: Following a sharp run-up from multiyear lows, this pair appears to have run out of steam. Penetration below the low of today's inside-bar could be the catalyst for lower prices.

4 Currency Pair: GBPCAD Entry Order: SELL Stop loss: Take profit: Analysis: This is a repeat of yesterday's set-up which did not get triggered. GBPCAD has formed a Headand-Shoulders (bear) price pattern. Today's key reversal (at the same price levels that is has found prior resistance - Triple-top), suggests that penetration below current levels suggests (much) more downside in this pair.

5 Currency Pair: EURJPY Entry Order: SELL Stop loss: Take profit: Analysis: EURJPY has formed a long-term Descending Wedge Triangle (bear) price pattern. Prices have been "coiling" at current levels, as exhibited by the inside-day bars in the last two trading sessions. Should we take out the low of today's inside bar, I think we will see prices fall further. Currency Pair: USDCAD Entry Order: SELL Stop loss: Take profit: Analysis: This pair appears to be tracing out a Double-Top resistance at current price levels. Today's very large Key Reversal suggests that prices could be headed back to the recent support level at , or potentially far lower.

6 Currency Pair: GBPUSD Entry Order: SELL Stop loss: Take profit: Analysis: GBPUSD appears to have formed a long-term Double-Top (bear) price pattern at the price level. For the past several months prices have been in a wide trading range between and Recently prices have formed a resistance area at the level. Should we take out the low of today's inside-bar, it is likely that prices will retrace to the level (or possibly much lower). Currency Pair: GBPJPY Entry Order: SELL Stop loss: Take profit:

7 Analysis: Between June and August, GBPJPY formed a massive Double-Top (bear) price pattern. Prices confirmed this top by falling from to in quick fashion. For the past several weeks, this pair has been grudgingly going higher (forming a rising wedge). Despite this rise, it has been my conviction that the Jun-Aug Double-Top price formation would be the determinant of the next major move for this pair. Well, today, I think I got the confirmation I have been waiting for. Today's major Key Reversal may just be the indicator that I have been waiting for, and prices are ready to go in the direction of the prevailing trend (lower). Final confirmation won't be until we see a close under the rising wedge line. Notwithstanding there may be some volatility at current prices, I think it is worth taking a shot a shorting this market as indicated. Currency Pair: AUDJPY Entry Order: SELL Stop loss: Take profit: Analysis: Since falling to fresh multi-year lows in late-august, AUDJPY, has been in a sideway's market, ranging from to In early October it looked like this pair was ready to break out to the upside, but then it fell back into the range. The large Key Reversal on Sep 16 has really been "controlling the show", and containing any upside momentum. Also, for the past several weeks AUDJPY has been trapped in a side-ways market that has

8 formed what appears to be a "Falling Wedge". Friday's reversal bar comes just two days after another reversal daily bar. Should AUDJPY penetrate below Fridays reversal bar, I think we should see a move toward the price level, and possibly much lower. Currency Pair: AUDNZD Entry Order: SELL Stop loss: Take profit: Analysis: Recently, AUDNZD broke down hard out of a long-term Rectangle Top price pattern. When it sliced through the lower end of the Rectangle Top at , this pair went to in a hurry. After hitting that low, this pair rallied back quickly to the break-down level (around ). To me this appears to be a short-covering rally. In the past three trading sessions, AUDNZD has been unable to make any further progress to the upside. Should this pair penetrate below the low of the past two trading sessions, inside-day bars, I think we are headed for (much) lower prices to come.

9 S&P 500: US 500 Entry Order: SELL Stop loss: Take profit: Analysis: Last week I did an extensive video analysis noting a bearish divergence, occurring within the US stock indexes (and relative to the other major stock indexes around the world). Since peaking at (or near) a potential Double-Top bear pattern, in the past four trading sessions, including Friday's session after a very bullish NFP report, the US stock indexes have been unable to sustain their upward momentum. Today's large sell-off, in context with the long-term divergence picture, could be the beginning of what could be a large slide in the indexes to come.

10 Currency Pair: AUDJPY Entry Order: SELL Stop loss: Take profit: Analysis: This is a repeat of last night's trade set-up which did not get triggered. Since falling to fresh multi-year lows in late-august, AUDJPY has been in a side-way's market, ranging from to In early October it looked like this pair was ready to break out to the upside, but then it fell back into the range. The large Key Reversal on Sep 16 has really been "controlling the show, and containing any upside momentum. Also, for the past several weeks AUDJPY has been trapped in a side-ways market that has formed what appears to be a "Falling Wedge". Friday's reversal bar comes just two days after another reversal daily bar. Should AUDJPY penetrate below today's session inside-day bar, I think we should see a move toward the price level, and possibly much lower.

11 Currency Pair: EURAUD Entry Order: BUY Stop loss: Take profit: Analysis: Despite all the recent downward momentum in EUR, it appears that EURAUD has found support at current levels (see reversal bars as indicated). The market bias is on the downside, but it feels like we could get a pop at current levels. Keep your risk low.

Currency Pair: EURJPY Entry Order: SELL stop @ 131.63 Stop loss: 132.19 Take profit: 129.18 Analysis: In June EURJPY formed a Double-Top (bear) price pattern.

12 Currency Pair: EURJPY Entry Order: SELL Stop loss: Take profit: Analysis: In June EURJPY formed a Double-Top (bear) price pattern. Since that time, this pair has been trending lower, in a stair-step fashion, forming a Descending Wedge Triangle - also a very bearish price pattern. In the past two weeks EURJPY prices have consolidated at the horizontal low of the descending triangle. This pair has looked ready to keel over for some time. I feel penetration below today's inside-bar could open a gusher to the downside. I really like this trade if you want to take a larger risk on this one.

13 Currency Pair: GBPJPY Entry Order: SELL Stop loss: Take profit: Analysis: Admittedly, this pair has bedeviled me in the last couple of weeks. Between June and August, GBPJPY formed a massive Double-Top (bear) price pattern. Prices confirmed this top by falling from to in quick fashion. For the past several weeks, this pair has been grudgingly going higher and has formed what appears to be, a near-term Double-Top at current prices. Should we penetrate below today's reversal low, it could open the door to lower prices.

14 Currency Pair: NZDUSD Entry Order: BUY Stop loss: Take profit: Analysis: From August through October NZDUSD appears to have formed a Rectangle Bottom between the and price levels. In early Oct, this pair shot through the resistance area to almost in just a few trading days. Since that time, NZDUSD has settled back to almost the original break-out level. I have a sneaky feeling that if we penetrate above Fridays inside-day bar, we could be off to the races, to the upside... again.

15 Currency Pair: GBPCAD Entry Order: BUY Stop loss: Take profit: Analysis: From Aug through Oct, GBPCAD formed, what appeared to be a Head-and-Shoulders Top (bear) price pattern. However, after penetrating the neckline, it did not fall far before turning tail in the other direction. It now appears GBPCAD has formed an Ascending Wedge Triangle. Friday's inside-day bar closing price is at the upper resistance level of the triangle. Should we penetrate above Friday's session high, there could be further momentum to the upside for this pair.

16 Currency Pair: EURJPY Entry Order: SELL Stop loss: Take profit: Analysis: I have been waiting for this pair to break-out (to the downside) from current levels. I think we are now knocking on the doorstep of a big move to the downside. EURJPY has formed a long-term Double-Top and Descending Wedge Triangle (bear) price patterns. Prices have been "coiling" at current levels. Should we take out the low of today's inside bar, I think we could see prices fall (dramatically).

17 Currency Pair: AUDUSD Entry Order: BUY Stop loss: Take profit: Analysis: I taped a short video (see link below), entitled "Why The Market Is Like A Magician", where I explain why the current price action in AUDUSD is distracting traders, from what I believe is its true intent. Click this link to download: AUDUSD Explosive Move Ahead

18 Currency Pair: USDJPY Entry Order: SELL Stop loss: Take profit: Analysis: Today's very narrow-range (NR7) bar - narrowest range in past seven trading sessions - has peaked my interest. The NR7 bar comes at recent resistance and within a stone's throw of the large Double-Top (bear) price pattern formed between Jun - Aug timeline. The risk:reward on this trade makes it worthwhile taking a crack. (If you don't want to take both JPY trades, I suggest EURJPY).

Currency Pair: AUDUSD Entry Order: BUY stop @ 0.7127 Stop loss: 0.7087 Take profit: 0.

19 Currency Pair: AUDUSD Entry Order: BUY Stop loss: Take profit: Analysis: Today's key reversal suggests good support and could provide serious momentum for this pair from current levels. Yesterday, I taped a short video (see link below), entitled "Why The Market Is Like A Magician", where I explain why the current price action in AUDUSD is distracting traders, from what I believe is its true intent.

20 Currency Pair: CADJPY Entry Order: SELL Stop loss: Take profit: Analysis: CADJPY appears to have met considerable (triple-top) resistance at current levels. Today's key reversal bar suggests prices could be setting up to trend lower. However, final confirmation of a new down-trend will not be confirmed until a close under the ascending line of the triangle.

21 Currency Pair: USDJPY Entry Order: SELL Stop loss: Take profit: Analysis: In June through August this pair formed a massive Double-Top (bear) price pattern. Since hitting a the to price level, USDJPY has been traversing higher. Last week USDJPY again appears to have run into a pocket of resistance at current levels. Final confirmation of a near-term Double-top wont until prices pierce the neckline at about However, if prices take out the low of Friday's inside-day bar, I think it could turn out to be a great risk:reward trade.

22 Currency Pair: USDJPY Entry Order: SELL Stop loss: Take profit: Analysis: This is the same trade set-up as last night, which was not triggered. I like it for all the same reasons, however today's key reversal suggests further confirmation this pair could be ready to break to the down-side. In June through August this pair formed a massive Double-Top (bear) price pattern. Since hitting a the to price level, USDJPY has been traversing higher. Last week USDJPY again appears to have run into a pocket of resistance at current levels. Final confirmation of a near-term Head-and-Shoulders wont until prices pierce the neckline at about

23 Instrument: US500 (S&P500) Entry Order: BUY Stop loss: Take profit: Analysis: Recently the stock market has been climbing a "wall of worry" (spectre of higher interest rates, terrorist attacks, etc). This is usually a sign of a healthy bull market. Today's key reversal suggests there could be more robust momentum to the upside. (US500 Lot Size Calculation: Due to the pip calculations for US500, I recommend a lot size of 5x of what you would allocate to an FX pair. For my accounting I am going with 5x normal size. So if I am successful on this trade, it would equate to a 145 pip profit (29 pips x 5)

24 Currency Pair: AUDCHF Entry Order: BUY Stop loss: Take profit: Analysis: For the past week I have made no secret that I think the $AUD is going higher against most major pairs. (My core AUDUSD position looks solid and likely to go (much) higher) from here). Following a break-out from an Ascending Wedge Triangle, this pair has been consolidating at recent important resistance level. If prices can push above today's inside day-bar, we could see prices burst higher.

25 Currency Pair: GBPJPY Entry Order: SELL Stop loss: Take profit: Analysis: Since forming a giant Double-Top (bear) price pattern in Jun - Aug timeframe, GBPJPY has been traversing sideways been and With the recent formation of a Head-and-Shoulders top (bear) price pattern, I believe prices are set to resume to the downside. Final confirmation will be a breach under the neckline which coincides with Friday's low.

26 Currency Pair: AUDUSD Entry Order: BUY Stop loss: Take profit: Analysis: This pair formed a Double-Bottom price pattern in Sep-Oct timeframe at the price level. Since that time AUDUSD has been vacillating in the and range. I believe today's key reversal will be the catalyst for further price movement to the upside. I REALLY like the risk:reward and would advise a higher tolerance on this trade.

27 Pair: XAUUSD (Spot Gold) Entry Order: BUY Stop loss: Take profit: Analysis: I have been bearish on Gold for quite some time. However, I today's inside-day bar, at the low end of the recent massive slide - which sent Gold $140 lower in just a few weeks - could mark an important turn-around point. I wouldn't be surprised to see a good spike (to the upside) from here.

28 Instrument: NAS100 Entry Order: SELL Stop loss: Take profit: Analysis: The US stock market is at a major inflection point at current levels. There is a bearish divergence between the major averages (see my Special Stock Market Video Report at the bottom of this ). There is also the appearance, albeit an early call, of an emerging Double-Top at current levels. If prices "roll-over" from here, it could turn nasty to the downside. Pattern Trader - NOV Trade-by-Trade P/L Open Date Close Date Symbol Action SL TP Open Price Close Price Pips 28-Oct 4-Nov XAUUSD Sell Nov 1-Nov US500 Sell Nov 4-Nov NZDUSD Sell Nov 3-Nov GBPCAD Sell Nov 4-Nov EURJPY Sell Nov 6-Nov GBPUSD Sell Nov 6-Nov GBPJPY Sell

29 8-Nov 10-Nov AUDNZD Sell Nov 11-Nov AUDJPY Sell Nov 13-Nov EURJPY Sell Nov 17-Nov US500 Sell Nov 13-Nov GBPJPY Sell Nov 17-Nov EURJPY Sell Nov 27-Nov AUDUSD Buy Nov 30-Nov CADJPY Sell Nov 25-Nov USDJPY Sell Nov 29-Nov AUDCHF Buy Nov 29-Nov US500 Buy Nov 30* AUDUSD Buy NOV: Total P/L (pips) 575 * Trade still open

Pattern Trader - April Trade Analysis, Trade Set-ups and Profit (Loss)

Pattern Trader - April Trade Analysis, Trade Set-ups and Profit (Loss) Pattern Trader - April - 2016 - Trade Analysis, Trade Set-ups and Profit (Loss) Currency Pair: EURJPY Entry Order: SELL stop @ 126.94 Stop loss: 127.57 Take profit: 125.18 Analysis: EURJPY has been going