UC
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- #12,807
- Edited 2:30am Nov 23, 2018 2:18am | Edited 2:30am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,091 Posts
Some history thoughts on Crude. The 87 crash and Crude market at that time most reflects the patterns today. Main reflection here is the Index goes down most likely further declines in Crude. {image} {image}
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #12,813
- Nov 24, 2018 6:17am Nov 24, 2018 6:17am
- Joined Jun 2011 | Status: the risk is the unknown | 2,182 Posts
EUR
short term the structure seems of some correction...after 5 clear waves down. BUT!
for this view the stop is clear below 1.1215
short term the structure seems of some correction...after 5 clear waves down. BUT!
for this view the stop is clear below 1.1215
- #12,814
- Nov 24, 2018 6:31am Nov 24, 2018 6:31am
- Joined Jun 2011 | Status: the risk is the unknown | 2,182 Posts
baby shark!!! I'll try this
- #12,815
- Nov 24, 2018 7:32am Nov 24, 2018 7:32am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,091 Posts
{quote} AN looking to bid up back to 1.08. Lower still possible but heat seems to be taken out of the Kiwi pullback. {image} {image} {image}
I am sorry but can you tell me what pattern it is? I cannot find it from my cheat sheet..... Or, Are you not following Scott Carney's Harmonic Pattern rules and instead following your own rules?
Sorry if it's repeated question...
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #12,816
- Edited 2:33pm Nov 25, 2018 2:11pm | Edited 2:33pm
- Joined Oct 2013 | Status: Trader | 3,656 Posts
{quote} Hi, Mark I am sorry but can you tell me what pattern it is? I cannot find it from my cheat sheet..... Or, Are you not following Scott Carney's Harmonic Pattern rules and instead following your own rules?
If your referring to the below AN pattern then would consider a butterfly through a swing to lower swing level i would expect to hold based on longer level confirmations. Do I follow Carney? yes and no. I reference for Scotts thread but more important to me is price and time levels. How fast it pulls away from a level or how fast it gets there and extended range, but fibs and Patterns are always in my mind.
Not a repeated Question.
The attached EA chart ill give you an idea of how I would trade a chart. I treat all quick breakaways as a Gap as they are one sided orders/liquidity from that level/area. They will most likely return to that level before proceeding in direction of trend or break through that order-flow and look to change the time-line trend. The pattern I assign would be aligned to the levels that I believe should hold or need to be re-tested to.
The attached NJ chart is one that I am trading into at the moment. It highlights 2 BAT pattern possibilities past the lower swing break when it shot away higher which is used for the extension/ Important are the quick breakaway Gaps below that need to be retested. Currently a H&S pattern setup but still possible higher. I use a Range Model to map my entries or Stops Loss and exits shown on the chart with patterns removed. My profits are in the Gap fills. Importantly I will only trade if I see clear areas that need to be traded into.
PS would NOT normally post this detail but hope this helps in understanding the idea or whats in my mind when mapping a chart that I post.
- #12,818
- Nov 25, 2018 6:01pm Nov 25, 2018 6:01pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,091 Posts
{quote} Hi Heispark, If your referring to the below AN pattern then would consider a butterfly through a swing to lower swing level i would expect to hold based on longer level confirmations. Do I follow Carney? yes and no. I reference for Scotts thread but more important to me is price and time levels. How fast it pulls away from a level or how fast it gets there and extended range, but fibs and Patterns are always in my mind. Not a repeated Question.
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #12,819
- Nov 25, 2018 9:34pm Nov 25, 2018 9:34pm
- Joined Oct 2013 | Status: Trader | 3,656 Posts
{quote} Thank you very much for the details. You are among only a few people in FF who give 'real' analysis I believe....
