Tags » Symmetrical Triangle

Natural Gas, 3/26/15

NG, Short, Symmetrical Triangle
Entry: 2.69
Stop: 2.78
Target: 2.45 / 2.1
Risk/Reward Ratio: 2.67

2-month symmetrical triangle pattern. While I’ve been avoiding energies and currencies, gave this trade a go as the chart structure looks sound and the risk level is manageable. 40 more words

Finance

Why The DOW May Reach New All Time Record Highs Very Soon.

If you are familiar with my work as of late, especially in light of the current situation involving world central banks who appear to be determined to create a “risk on” environment for traders, I have been saying this market IS going higher. 130 more words
Homepage

Blue-chips in trouble

Evening all,

I have some words on the local market for today. After a fall starting in September, the STI has regained lost ground, and closed at 3350 on Friday. 349 more words

Singapore Market

Pattern morphing and flexibility

It is very important to revisit a failed chart pattern to see if it morphs into another pattern. I neglected to do this last month and it was an expensive mistake! 280 more words

Trading

Chart patterns: Symmetrical triangle

A symmetrical triangle is a continuation pattern where price contracts with lower swing highs (falling trend line) and higher swing lows (rising trend line) towards a single point. 53 more words

Educational Articles

Gold: Has sprung into life

Gold has sprung into life, on a breakdown of the symmetrical triangle however it would have caught a lot of people in the process.

Orders for long-lasting U.S. 61 more words

Analysis

EURUSD: Symmetrical triangle

Friday EURUSD presented itself with a symmetrical triangle trading opportunity.

I did make my short entry on a breakdown of the symmetrical triangle with initial risk of 10 pips. 33 more words

Forex