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Making Bank: The Harmonic rhythm of the market

  • #4,381
  • Apr 17, 2020 7:21am Apr 17, 2020 7:21am
Nice confluence: 1. Butterfly on Daily (or H4 depends on preferences)
2. which coincides with the completion point of enormous Monthly shark
3. all of this happens on a previous monthly resistenAttachment g
  • #4,382
  • Apr 17, 2020 7:22am Apr 17, 2020 7:22am
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  • #4,383
  • Apr 17, 2020 7:23am Apr 17, 2020 7:23am
and the target could be a Gartley on Monthly
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  • #4,384
  • May 7, 2020 10:43am May 7, 2020 10:43am
Quoting alphabear
With what is going on all over the world, trading hasn't been that fun to me lately. However I've been holding these positions for weeks now.{image} and {image} Stay safe guys.
Attached Image (click to enlarge)
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and
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With the price of crude becoming a bit stable CAD may gain some mojo.
We are in total lock down in Rivers state, Nigeria. I'm just hoping that a cure can be found for COVID 19 sooner and the whole world can just go back to been normal again. Thanks and Stay safe!
  • #4,385
  • May 29, 2020 3:34am May 29, 2020 3:34am
Hi! EURGBP DAILY
Just watching how far this can retrace, if it retraces back to the sell zone then I will just short it. Finger crossed for now.
Attached Image (click to enlarge)
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USDCAD WEEKLY
watching this too, if crude gain some mojo it will shorten my waiting period before hitting TP
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  • #4,386
  • May 29, 2020 3:51am May 29, 2020 3:51am
I know this is ridiculous buying and selling the Dollar at the same time, but I can't help it! market it offering it to me at a subsidize rate so I will just take it and see what happens. Both patterns are saying it's the right time to take the trade, who I'm I to doubt..
EURUSD Monthly
Attached Image (click to enlarge)
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CNTrader please I need the patience to hold this, and I don't think my would be enough can you lend me some of yours?

and AUDUSD Daily
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  • #4,387
  • Jun 1, 2020 4:58am Jun 1, 2020 4:58am
Here is AUDNZD, on the weekly! I have waited for this pair to rise higher to the ''potential reversal zone'' ever since the bearish rejection candle appeared 5 weeks ago. Currently I'm in the trade, if it rises higher I have "stop limit orders" waiting to be filled at the top, and if it doesn't then I'd wait for other opportunities. AUD's performance against other pairs has been so remarkable, but that can't continue much longer since most countries economy is gradually going back to almost what it used to be.
Attached Image (click to enlarge)
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  • #4,388
  • Jun 1, 2020 5:28am Jun 1, 2020 5:28am
Quoting alphabear
Hi! EURGBP DAILY Just watching how far this can retrace, if it retraces back to the sell zone then I will just short it. Finger crossed for now.{image} USDCAD WEEKLY watching this too, if crude gain some mojo it will shorten my waiting period before hitting TP {image}
This EURGBP Daily, positions was closed after photo taken. I have other EUR pair orders running, and I don't want my gain wipe off by reversal. I will consider re-entry if price reverses back to the PRZ or another pattern materializes.
Attached Image (click to enlarge)
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  • #4,389
  • Jun 1, 2020 5:39am Jun 1, 2020 5:39am
Quoting alphabear
{quote} {image} and {image} With the price of crude becoming a bit stable CAD may gain some mojo. We are in total lock down in Rivers state, Nigeria. I'm just hoping that a cure can be found for COVID 19 sooner and the whole world can just go back to been normal again. Thanks and Stay safe!
this is also closed after retracement/reversal started eating up my gain, it was taking so much time to reach TP 2 so I closed it at TP 1 instead.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 51 KB
  • #4,390
  • Jun 2, 2020 8:28am Jun 2, 2020 8:28am
Hey!
Market is becoming less erratic, and more stable these days as the negative news of COVID-19 is giving way to much positive news such as; economic easing by most countries. With that in mind trading the H4 chart shouldn't be that risky, but what do I know?
Here is GBPUSD H4 shorting opportunity.

1.2639 has held as a resistance since April, and it seems as if price is going to retest it for the third times. I don't know if it will hold the third time, but if it does according to this bat pattern, then it will be a good ride down south otherwise it will be a breakout northward. Which means an invalid trade.

Life (trading) is already complex, so I don't go about looking for ways to making it more complex by over analyzing every situations, I love simplicity for God sake!
So here is what I will do, I will place my sell limit order at the 'PRZ' and wait for price to come to me.
Price actions has indicated a weakness at the touch of 88.6 Fib re-tracement level. Selling tops and buying bottoms is way cheaper!
Attached Image (click to enlarge)
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  • #4,391
  • Jun 2, 2020 8:41am Jun 2, 2020 8:41am
Quoting alphabear
{quote} {image} and {image} With the price of crude becoming a bit stable CAD may gain some mojo. We are in total lock down in Rivers state, Nigeria. I'm just hoping that a cure can be found for COVID 19 sooner and the whole world can just go back to been normal again. Thanks and Stay safe!
EURCAD Weekly trade closed after photo taken.
Attached Image (click to enlarge)
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  • #4,392
  • Jun 2, 2020 8:56am Jun 2, 2020 8:56am
Same bat pattern Here too with a completion of a head and shoulders pattern
Attached Image (click to enlarge)
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  • #4,393
  • Jun 3, 2020 10:33am Jun 3, 2020 10:33am
Quoting alphabear
Same bat pattern Here too with a completion of a head and shoulders pattern {image}
still hold your short posisitons mate?
  • #4,394
  • Edited Jun 4, 2020 7:43am Jun 3, 2020 11:58am | Edited Jun 4, 2020 7:43am
GBPJPY D1.
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One Good Trade
  • #4,395
  • Edited 4:36am Jun 4, 2020 3:55am | Edited 4:36am
Quoting General Lee
{quote} still hold your short posisitons mate?
Yeah!
It isn't looking that good, but a new resistance has been formed at around 137.295. One of the reasons why you see me having multiple position is to help me in the area of trade management. So long as the area where I want to exit the trade is not reached what I do is to add more at a cheaper rate as you can see from my chart, I added more positions. IT can still go either ways!
Attached Image (click to enlarge)
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  • #4,396
  • Jun 4, 2020 6:12am Jun 4, 2020 6:12am
Quoting alphabear
{quote} Yeah! It isn't looking that good, but a new resistance has been formed at around 137.295. One of the reasons why you see me having multiple position is to help me in the area of trade management. So long as the area where I want to exit the trade is not reached what I do is to add more at a cheaper rate as you can see from my chart, I added more positions. IT can still go either ways! {image}
thank you for the advice mate...
  • #4,397
  • Jun 5, 2020 8:07am Jun 5, 2020 8:07am
Quoting alphabear
{quote} Yeah! It isn't looking that good, but a new resistance has been formed at around 137.295. One of the reasons why you see me having multiple position is to help me in the area of trade management. So long as the area where I want to exit the trade is not reached what I do is to add more at a cheaper rate as you can see from my chart, I added more positions. IT can still go either ways! {image}
Failed trade
  • #4,398
  • Jun 5, 2020 8:09am Jun 5, 2020 8:09am
Quoting alphabear
Hi! EURGBP DAILY Just watching how far this can retrace, if it retraces back to the sell zone then I will just short it. Finger crossed for now.{image} USDCAD WEEKLY watching this too, if crude gain some mojo it will shorten my waiting period before hitting TP {image}
Closed
Attached Image (click to enlarge)
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  • #4,399
  • Jun 5, 2020 8:11am Jun 5, 2020 8:11am
Quoting alphabear
Hey! Market is becoming less erratic, and more stable these days as the negative news of COVID-19 is giving way to much positive news such as; economic easing by most countries. With that in mind trading the H4 chart shouldn't be that risky, but what do I know? Here is GBPUSD H4 shorting opportunity. 1.2639 has held as a resistance since April, and it seems as if price is going to retest it for the third times. I don't know if it will hold the third time, but if it does according to this bat pattern, then it will be a good ride down south otherwise...
Closed
  • #4,400
  • Jun 5, 2020 8:11am Jun 5, 2020 8:11am
Quoting alphabear
I know this is ridiculous buying and selling the Dollar at the same time, but I can't help it! market it offering it to me at a subsidize rate so I will just take it and see what happens. Both patterns are saying it's the right time to take the trade, who I'm I to doubt.. EURUSD Monthly{image} CNTrader please I need the patience to hold this, and I don't think my would be enough can you lend me some of yours? and AUDUSD Daily {image}
closed
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