AUD/USD:
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T63 COCOA LONG TRADE 5% risk @ 1660
We are now long on cocoa at 5% risk. As mentioned, on my above analysis, I am BULLISH on this commodity and will Pyramid adding to this trade using the Daily Chart.
Although I could’ve gotten a better price, I am changing my trading style from a “Swing Trader” to “Position Trader” and wanted to free up my week. I am reducing my # of trades, so you guys seeking “thrill and action” won’t find my posts as appealing. However, those of you that want to "detach from the computer screen and, like me, want to have more FREE time to enjoy life, will find my posts still of interest.
I will be adding the pictures for the pyramid trades of course. I just entered this trade now so I have time for the rest of the week you can find a better price since Cocoa should test the 618. I am placing my stop at the Last Week Chart Swing Low, but again, if you wish to be more aggressive and buy more contracts, then place your stop below last week’s high (1,616).
Happy Trading 
SUMMARY OF OPEN TRADES:
COCOA: LONG @ 1,668
COFFEE: LONG @ 94.77
COPPER: LONG @ 288.55
GBP/JPY: SHORT @ 147.72
GOLD: SHORT @ 3,667
HAPPY TRADING
AUD/USD 4H-CHART LONG TRADE SET UP
Please refer to my recent post under “Trading the Gartley -ABC” where I explained the bull gartley we just missed (a few days ago) with the AUD, plus the monthly BULLISH environment we have with this cross. The reason I was not willing to trade it yet was because it is in that “in-between-zones” however, I wouldn’t mind having a small trade here while I wait for the main break the main bull signal “DAILY CHART BULL GARTLEY”…but this is a few weeks away perhaps…
So, because I am personally not willing to stay up all night waiting for the Intraday Candle Signals anymore, reason why I am changing my style into a Position Trader (using Monthly->Weekly analysis and seeking Daily Chart entries), I have instead set up a Limit Order to buy the 62% Fib retracement. When doing this of course, and not waiting for a bull candle set up, one has to place the stop at the swing low.
happy trading
T64 AUD/USD LONG TRADE
As per my last post we are long in the AUD/USD
I am incline to be “BULLISH” in the long term with this cross, given my Monthly Chart analysis. Therefore, I will set up multiple TPs and try to pyramid on this trade along the way
For now we have:
BOUGHT Avg @ 0.7085
S/L below last 4H bull candle (below the 786 fib)
TP: Various
Risk: 1/2 unit
TRADES UPDATES:
T59 gbp/jpy Short: Took profits +1.1u (+145pips)
T60 copper long: It’s doing good at the moment and we should find out more soon…
T61 Gold Short: Stopped out -0.5u (-18pips)
T64 aud/usd Long: This is our star so far, now at break even and full unit invested with no risk. It hit 127% and 162% fibs. I am staying on this trade with no automatic TP.
COFFEE LONG:
I am not happy with my coffee long trade. I jumped too early but it is too late to jump out now. We have about 0.7units of paper loss so there is no point when there is a slim chance that the Coffee will turn around. I am still BULLISH on Coffee however, the matter is of “timing”. If I get stopped out then I will have no choice but to wait for a Bull Gartley before re-entering to avoid “keep getting it wrong a few times before I get it right”.
This is what’s happening: After further review, I noticed that the Monthly and Weekly charts HAVE NOT FORMED AN RSI DIVERGENCE YET, but they are due to. Since this needs to happen, this means Coffee has to make a new lower low whilst RSI making a higher low BEFORE TURNING OUR WAY. There is however no way (for me at least) to know what is this LOWER LOW price level, but I am almost certain it will stopped us out by a few pips then turn around as it happens 
In any case, we are in it and it is not a profitable proposition to close at 0.7units loss when there is as much as 30% chance of surviving… and have a nice reward later on.
So wait and see
COCOA: I am certainly bullish on cocoa however my mistake was to put all my line at once (5%) or equivalent of 2 units, instead of adding once I got further candle confirmation. I am considering reducing my risk on this one back to the usual 2.5%
I am 60% confident that it will bounce off the 786 which should’ve been our initial entry. PATIENCE PATIENCE PATIENCE is what I need to learn!
OIL CASH: Too much juice to miss out on.
Whilst in the longer term I am waiting for Oil Cash Week Bear Gartley “D” point to form at the 79 level, there is too much juice between now prices and then to miss out on this A -> D leg. I dont recommend trading this leg in the shorter time frame Gartleys, but this is a Week Gartley so there is plenty of room.
So, we are at the look out for a 62% or 79% fib dip in the 4H chart + bull candle + rsi 30% (or close to it) to enter long with a target of around the 79.0 area
UPDATE: OIL 4H Chart LONG TRADE SET UP
Following my post here above, Oil is getting closer to retracing. There are signs of RSI divergence (not trade-able in the short side sir!), so I have drawn the fibs and marked a possible entry area. Of course, we still need to wait for a 4-Hr bull candle pattern at this juncture
happy trading 
PLAN THEN EXECUTE THE PLAN!
T59 GBP/JPY SHORT TP SUPPOSED TO HAVE BEEN DAY RSI 30%
As per my post two days ago, I clearly stated in my screen shot: “Exit on Day RSI 30%”
Today I woke up sick and sleep deprived, I looked at my trades, I had Cocoa and Coffee in the red whilst AU and Copper and GJ were in the green. My Gold had already been stopped out at a minor loss.
So, being sick, I did what I have been working hard in avoiding “closed the GJ without reading my plan first”. The Daily Chart RSI is no where near the 30% and there was no Day Candle reason why to get out. LESSON LEARNED!
One suppose to close the losing trades first, and the winning trades let them ride…
As I said, lesson learned. Having said the above, one of the reasons I also decided to get out is because I am nor Bullish or Bearish on the G/J, and I was happy with cashing in some minor profits to cover my margin for the Cocoa and Coffee trades.
The good news however, is that AU (T64) and Copper (T60) are now at BREAK EVEN, No Risk situation and with some upside chances.
The AU is still in “between” zones, becasue it hasnt quite cleared the most recent down trend line and it is finding resistance at the 786% fib…wait and see…
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T65 AUD/USD 4H CHART LONG TRADE
As per attached analysis. There is chance of getting a better price as AU might test the 61.8% fib first…
happy trading
T66 COPPER 4H CHART LONG TRADE
In line with our Bullish opinion of the Copper, we have entered this 4h chart trade
Happy trading
WEEK SUMMARY AND WEEK AHEAD
T58 COFFEE: OPEN (no confident at all)
T60 COPPER: 0u
T63 COCO: OPEN (still bullish)
T64 AU: OPEN (no confident, Day Evening Star at 79% downswing formed against)
T65 AU: OPEN (as above)
T66 COPPER: -1u (-78pips)
T67 G/J: -1u (-100 pips)
REVIEW:
Why in earth did I enter the AU & GJ trades? Neither of these were in my weekly plan!
Despite that I got it right with the first AU trade (it hit 127 and 162 fib ext), that is not to say I did well. So my main objective this week is TO STAY IN COURSE, IN LINE WITH MY WEEKLY ANALYSIS (to follow)
WEEK 25/3-29/3
AUD/USD: STAYING OUT UNLESS…
No clear direction for me. Yes we have a kind of daily chart down trend, but for me, it is not clear cut. I felt from the beginning that the Day/Week Hammer needed to be tested, before the down trend ends, but this is just a gut feeling based on past experiences. However, we are swimming in shark waters, so: STAYING OUT!
UNLESS…We have Gartley Intraday. At the moment, like I said, we had a Day Evening Star formed at the 79% fib level and Down Trend Line intersection. This puts us “bearish” however, because of my arguments above, I will need to see a Bear Gartley to take a short trade for a quick fib to fib pick up.
Wait and see…
COCOA: BULLISH. ENTERING LONG TRADES
The only mistake I made here was to rush my entry. However, I am still bullish on Cocoa for now. Of course, as it happened with Copper, we can change direction on a weeks notice! Still confident on this trade.
I will be looking at actively entering LONG until 2100 area and catch as much as I can from what I feel is a bull market for coco.
Wait and see.
COFFEE: STAYING OUT
Trying to catch the “End of a Trend” is an expensive exercise. Although we are still alive with our long trade, I have no confidence. The Day chart hasn’t formed any RSI Divergence to give us hope. So we are staying out until “The Right Tip of the Bull Crown or The point D of the Bull Gartley” is formed to go long. I won’t be seeking to short this commodity simply because we are too close (I believe) to the end of this down trend. I might be wrong, who knows for certain.
COPPER: BEARISH. ENTERING SHORT TRADES.
This is what I meant, I saw a “bull break out of a range bound copper” yet now I am bearish!. Going by the Weekly and Daily charts, Copper formed a nice double top and broke the recent up trend line. So I will be looking for a rally to short this commodity.
Using the 4-hr chart: Bear Candle Pattern + Fib 62/79 + RSI 70%
CRUDE OIL: STAYING OUT
GBP/JPY: STAYING OUT. TOO CHOPPY.
What I mean by “choppy” really is that I dont have a convergence of “direction” between the different Time Frames from Month -> Intraday 4hrly.
So I simply don’t like it. This is not to say that there aint opportunities for trades intraday but I just simply must stay out.
GOLD: STAYING OUT
Until the Right Tip of the Bear Crown or “D” Point of The Bear Gartley is formed at the 1320 area. Then we will be shorting this commodity. I will look to enter either on Week or Daily Bear Candle Pattern, NOT ON A 4HR CHART SIGNAL!
Gold is really in a long term FLAG pattern and its range is shrinking as time passes. So I got to keep an eye on this and not look for a “Long Term Pyramid” trading.
This is it for now folks…
Happy trading!
T64 & T65 AUD/USD Longs: Stopped Out (-1.1u)
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T68 AUD/USD LONG TRADE
I was expecting a break of the recent up trend line to go short on a Bear Gartley, but the market has formed something else. This is still not as high a prob trade as I would like it simply because we still have the “Day Chart Evening Star” that had formed previously stopping us out. But we will wait and see…
If you are more conservative, I suggest to reduce your stake on this one…
USD/CAD TRADE SET UP: LONG
This pair is in a very clear uptrend in the daily chart, therefore I will be looking to enter LONG at a fib pullback 62% or 79% once a RSI and Bull Candle Pattern converge
T68 AUD/USD LONG TRADE: FREE-ROLLING
Our long aud/usd trade can now move into break even. The aussie is making higher highs in the 30m chart and has not taken out any low. RSI divergence has some relief as well ready for further moves up.
COPPER SHORT TRADE SET UP
As per my weekly analysis a day ago, we are waiting for Copper to rally up to a fib/RSI70/bear candle convergence to enter SHORT.
It is quite typical to have a pullback after such a fast move…
T63 COCOA LONG TRADE UPDATE:S/L @ 1,598
As per my analysis, I was and still am of course, confident with my BULLISH bias of Coco. I believe that after testing the 786 now it is ready to move forward. Of course after such a nice rally we should expect some pullback to a fib level in an intraday chart like 2-hrly where the RSI is entering o/bought levels and a couple of dojis formed. I shall enter LONG to scale in to my position at the area shown in pink with the usual technicals:
RSI 30 + Bull Candle Pattern + Fib 62/79
SUMMARY OF TRADES AND SET UPS:
T68 AUD/USD LONG: At break even.
T63 COCO LONG: OPEN
COCO LONG SET UP: Looking for “D” of Bull Gartley in the 4hr chart to trade the bull trend
COPPER SHORT SET UP: Waiting for the rally to a fib 62/79 to short 4hr chart
GOLD: Still Waiting for the “D” of the Day Chart Bear Gartley to SHORT
USD/CAD: Waiting for a 4hr “D” of Bull Gartley to jump in the Bull Wagon.
happy trading