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Making Bank: The Harmonic rhythm of the market

  • #3,941
  • May 23, 2019 12:16pm May 23, 2019 12:16pm
Quoting CNTrader
{quote} Your apology is accepted. It matters only in that it shows me something about the kind of person you are and want to become. It shows growth and humility and I respect that. Winners are confident in themselves yet remain humble. Winners know and I like surrounding myself with winners! Winners never let their ego get in the way of their success. They know what’s more important. And don’t keep a short term mentality. While they are modest on the inside they know their worth and are confident in their abilities. That said in regards to your...
Very helpful, the Gartley you have drawn that is sharing the same zone as the bat and blue ab=cd, do you extend the zone only to the BC's 161.8 instead of the XD 88.6 for a specific reason? All I can think is that it better aligns with the prior highs and lows but I feel that's wrong.

Also, adding on to the zones we are currently watching on GBPAUD; Looking at your chart and doing some further comparison I believe it's highly probable for price to continue down to 1.829XX OR even 1.818XX before any of these opportunities play out. Atleast those prices seem to show a larger number of support confluence.
  • #3,942
  • May 23, 2019 1:48pm May 23, 2019 1:48pm
Quoting YoungET
{quote} Very helpful, the Gartley you have drawn that is sharing the same zone as the bat and blue ab=cd, do you extend the zone only to the BC's 161.8 instead of the XD 88.6 for a specific reason? All I can think is that it better aligns with the prior highs and lows but I feel that's wrong. Also, adding on to the zones we are currently watching on GBPAUD; Looking at your chart and doing some further comparison I believe it's highly probable for price to continue down to 1.829XX OR even 1.818XX before any of these opportunities play out. Atleast...
Hey Traders, I either forgot to put this out there or its gotten lost among all the posts. Either way that's ok I don't have the time or desire to chase it down and look for it. That said Target 1 attained:

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Banked and rolled.

Here is a look at potential big picture development I am also watching:

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Stay disciplined, stay patient!

Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #3,943
  • May 23, 2019 6:09pm May 23, 2019 6:09pm
Hey traders, I am new to this thread. I spend most of my time over on Damian's thread. I would like to take advantage of the longer-term harmonics patterns now that I can risk small amounts of capital on the Micro contracts, and margin won't be an issue. I have been spending a lot of time trying to understand just the basic ABCD pattern and have consulted Scott Carney's work, but I can't seem to get my head around it. Are you guys just at the point where you can identify them with your naked eye and then draw them out? I guess it becomes confusing when you see a harmonic pattern... inside of a harmonic pattern. Do you have any specific work you would recommend that may help me understand? I consulted the first few posts in this thread. Thanks guys.
  • #3,944
  • May 23, 2019 6:16pm May 23, 2019 6:16pm
Hey Traders I posted this chart some time in April and warned of a possible coming weaker dollar.

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As you can see we have lots of room for a downward move:

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Could today be just the beginning?

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Well one thing is for sure. Global rates were very heavy today and stocks were heavy all day also. Generally that would mean a stronger dollar in this post crisis era for a relative safe haven investment. High risk = need for safe haven. And that was the case through Asia and European sessions today with the dollar hitting the highs of the past twelve months. However, things changed quickly when the U.S. stock market opened and the dollar had a big reversal. Needless to say tomorrow should get interesting and we should get a glimpse of what may come as the week closes and then the month following next week!!!

You decide for yourself but time will tell. What will you be doing this time next year or 5 years from now? Don't say you didn't know the possibilities


Stay disciplined, stay patient!

Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #3,945
  • May 23, 2019 6:47pm May 23, 2019 6:47pm
Quoting CNTrader
Hey Traders I posted this chart some time in April and warned of a possible coming weaker dollar. {image} As you can see we have lots of room for a downward move: {image} Could today be just the beginning? {image} Well one thing is for sure. Global rates were very heavy today and stocks were heavy all day also. Generally that would mean a stronger dollar in this post crisis era for a relative safe haven investment. High risk = need for safe haven. And that was the case through Asia and European sessions today with the dollar hitting the highs of...
Hello My Friend, Very nice comment and analysis, waiting patiently for some key behavior on the dollar, for sure if it confirms will be huge, just looking around some "balls deep" opportunity take place.

Take care
Best regards,
Victor
  • #3,946
  • May 23, 2019 6:48pm May 23, 2019 6:48pm
Quoting CNTrader
Go ahead and tell everybody!!!!! https://www.youtube.com/watch?featur...&v=jlJvJye9c_M Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Yes, you are!!!
  • #3,947
  • May 24, 2019 1:47am May 24, 2019 1:47am
Quoting CNTrader
Hey Traders I posted this chart some time in April and warned of a possible coming weaker dollar. {image} As you can see we have lots of room for a downward move: {image} Could today be just the beginning? {image} Well one thing is for sure. Global rates were very heavy today and stocks were heavy all day also. Generally that would mean a stronger dollar in this post crisis era for a relative safe haven investment. High risk = need for safe haven. And that was the case through Asia and European sessions today with the dollar hitting the highs of...
Really my well I did not know the possibilities..But I feel like I was born for it.
  • #3,948
  • May 24, 2019 2:57am May 24, 2019 2:57am
Quoting Pair-me-up
I now have a little bit of snack food locked in. {image} {image}
I manually stopped my trade(s) during the Asian session (this morning my time) as the Asian session is during my waking hours.

I did adjust my stops before I went to sleep last night. It is now almost 4:00 p.m. here. And looking at the chart, I can see, that if I had stayed with my initial plan that I could have banked even more. However, every mistake is just an opportunity to come back stronger than before. It is nice to see that price was shooting for the starts. Thus my diamonds on the screen as my targets. See ya all tonight.... maybe.


The YM is moving nicely with the Harmonics, and the MNQ eventually went to my my initial target, which is amazing considering the MNQ just opened this month and has never been that low before. So, harmonics can work as a star chart so a trader won't be lost in space.

By the way... I am still on demo.. but I plan to go live soon. I am still working out a few more kinks.
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Luck has no place in trading. Leave that for the poker table.
  • #3,949
  • May 24, 2019 6:01am May 24, 2019 6:01am
Quoting spetscom
Hey traders, I am new to this thread. I spend most of my time over on Damian's thread. I would like to take advantage of the longer-term harmonics patterns now that I can risk small amounts of capital on the Micro contracts, and margin won't be an issue. I have been spending a lot of time trying to understand just the basic ABCD pattern and have consulted Scott Carney's work, but I can't seem to get my head around it. Are you guys just at the point where you can identify them with your naked eye and then draw them out? I guess it becomes confusing...
This may help you, after a couple of days the patterns jump out of the chart and are easy to spot. Also in one of CN's videos he talks about a 0.50 AB retracement followed by a 1.50 CD extension being common and highly effective ab=cd measurements.

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  • #3,950
  • May 25, 2019 10:05am May 25, 2019 10:05am
Quoting YoungET
{quote} This may help you, after a couple of days the patterns jump out of the chart and are easy to spot. Also in one of CN's videos he talks about a 0.50 AB retracement followed by a 1.50 CD extension being common and highly effective ab=cd measurements. {image}
This picture about patterns is very good .
  • #3,951
  • May 26, 2019 6:11pm May 26, 2019 6:11pm
Let see how this one plays out.....Time will tell.
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  • #3,952
  • May 26, 2019 9:25pm May 26, 2019 9:25pm
Let see how this one plays out as well......its going to be a long ride.
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  • #3,953
  • May 28, 2019 8:03am May 28, 2019 8:03am
I wonder how many have gone long USDCHF, and if price will do one more push lower before higher prices

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Also what I have drawn on CADCHF, seems the USD/CHF pairs have plenty of setups forming. Time to put my prior 2 week backtesting to the ultimate test.

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  • #3,954
  • May 28, 2019 1:06pm May 28, 2019 1:06pm
My trade for the day
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  • #3,955
  • May 28, 2019 1:16pm May 28, 2019 1:16pm
Quoting YoungET
I wonder how many have gone long USDCHF, and if price will do one more push lower before higher prices {image} Also what I have drawn on CADCHF, seems the USD/CHF pairs have plenty of setups forming. Time to put my prior 2 week backtesting to the ultimate test. {image}
4HR ABCD played out nicely, possible now for price to retrace back for an entry at the 4HR Bat. Took the liberty of entering after what I've been backtesting aligned on a 30Min Bat. Don't actually trade below the 1HR as much as I used to but seeing as my entry trigger was there and it paints a picture for future price movement, it made sense.

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  • #3,956
  • May 28, 2019 1:46pm May 28, 2019 1:46pm
Quoting row
Let see how this one plays out as well......its going to be a long ride. {image}
Row, can you share the indicator?
You NEVER will be the person you could be, without pressure & discipline
  • #3,957
  • May 28, 2019 2:17pm May 28, 2019 2:17pm
Quoting DiamondMiner
{quote} Row, can you share the indicator?
I believe everyone who posts here draws the patterns manually
  • #3,958
  • May 28, 2019 2:35pm May 28, 2019 2:35pm
Well done YoungET...….DiamondMiner as Young said its all manual. I am playing around with this pair, let see how it plays out.
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  • #3,959
  • May 28, 2019 2:47pm May 28, 2019 2:47pm
I also took this EG short that I posted earlier...…...Let's go BEARS.
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  • #3,960
  • May 28, 2019 2:48pm May 28, 2019 2:48pm
Quoting row
Well done YoungET...….DiamondMiner as Young said its all manual. I am playing around with this pair, let see how it plays out. {image}
Watching the same area

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