Making Bank: The Harmonic rhythm of the market | Page 227 | Forex Factory

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Making Bank: The Harmonic rhythm of the market

  • #4,521
  • Jun 3, 2021 3:31pm Jun 3, 2021 3:31pm
Quoting posterboy
@ Alphabear Any thoughts on Euro H1 Bat Completion zone Red BOX & also confluences with crab 88.6 Retracement of C leg h4 & Daily Emerging Crab {image}
Sorry, I just go back from work. The beauty of trading harmonic is that you can have a life outside trading, you don't have to sit by your computer all the time.
Back to EURUSD, there isn't much happenings here. Personally i'm staying away from this pair but, on the other hand I am waiting to see if this Gartly would be formed on the monthly chart. Other pairs are offering better opportunities
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  • #4,522
  • Jun 4, 2021 4:32am Jun 4, 2021 4:32am
@CnTrader , Humble request, pls spare time daily as little as 10 mins just post few charts, traders like myself require some wisdom from you.

You are an average of Five people whom you spent most time with.

I prefer, spending time upgrading my skills reading and decoding your charts.



@ AlphaBear
Bro, I request you to post to keep the thread alive.
I'm pretty sure you have something to teach me and up my skills .

Thank you
We cannot direct the winds but we can adjust our sail.
  • #4,523
  • Jun 4, 2021 7:59am Jun 4, 2021 7:59am
NZDUSD H1, H4 Wolfe Wave Complete from earlier post.
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Enjoy it while it lasts, then pay for it. Be Grateful.
  • #4,524
  • Edited 4:22pm Jun 4, 2021 4:04pm | Edited 4:22pm
Quoting posterboy
@CnTrader , Humble request, pls spare time daily as little as 10 mins just post few charts, traders like myself require some wisdom from you. You are an average of Five people whom you spent most time with. I prefer, spending time upgrading my skills reading and decoding your charts. @ AlphaBear Bro, I request you to post to keep the thread alive. I'm pretty sure you have something to teach me and up my skills . Thank you
It's okay Posterboy, I will do the best I can. If you check page 226 you will see some of my trade setup uploads, those trades are still valid. Well, I don't know if it's going to play out as expected but anyone that does is going to take a very long time to play out. So, if you have not studied those chart I'll advice you do as price is still in the PRZ for all the patterns identified and its not yet late for you to come on board.

For effective explanation do try to ask specific question to enable me know on how to reach out to you appropriately, most especially questions about things you may not understand about any of my chart(s)
  • #4,525
  • Jun 4, 2021 4:13pm Jun 4, 2021 4:13pm
Quoting alphabear
{quote} I am still waiting for my 'web of buy limit' to be triggered. Patience is key i'm not in a hurry to take this trade. If my limits is triggered fine if not I will pass. I know price is in the PRZ but i'm not just going to buy because of that, I think the support around 0.92492 would be tested before price heads north.{image}
This was the last setup I posted. I came back from work yesterday and discovered that my web of buy limits were triggered, and today after returning from work I can see that the trade is playing out nicely.
@posterboy, I only check my chart once a day because of work which is about this time mostly. The beauty of Harmonic is that if you know what you are doing you can go for weeks without checking your trade at all(depending on time frame anyway)
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  • #4,526
  • Edited 6:43am Jun 6, 2021 4:31am | Edited 6:43am
IMHO,
I want to post this Completed Wolfe Wave for anyone interested can now see more clearly, in the Classic View of the Wolfe Wave. This is a great example of Wolfe Waves occurring simultaneously as fractals of the Daily & H4 bar charts Co-completing as two separate Wolfe Waves. The First Completed as a longer term Wolfe Wave and the the Smaller Wolfe Wave starting & Completing Within The Larger Wolfe Wave. Both Wolfe Waves ending or completing At the same time.

I think it is fair to point out when the Wolfe Wave completes at or reverses off the Point 1 Point 3 line the Wolfe Wave is easier to understand because the Parallel Channel maintained intact. The Two additional Lines Parallel to Points 2-4 trendline projected off point 1 & point 3 allows the Wolfe Wave to be much more dynamic & accommodating to adverse market conditions creating the "sweet spot".

I place a Equidistant Channel on either side of the Wolfe Wave to illustrate the projected parallel lines and how they are anchored.

I want to be clear here, I look at this Daily Wolfe Wave example and I don not see a true completion although it might be a true reversal point. But, the Wolfe Wave, after further analysis, in my opinion, is NOT Completed.

After further Analysis of the AUDCAD Daily Bar chart Wolfe Wave, I moved point 1 from the previous location Low to the Previous High and the "Sweet Spot" lines up with current reversal point. Changing once again my opinion that this is a completed Wolfe Wave.

It is also interesting to point out, when I moved point 1 that the "Sweet spot" Parallel projections moved but the angle did not change because they are parallel to Points 2-4 & Not Points 1-3. In my opinion this is what a Wolfe Wave is at its core, a broken dual/triple channel harmonic Pattern.

In my opinion using the previous high as point 1 seems to occur far more often ?
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  • #4,527
  • Jun 11, 2021 4:12am Jun 11, 2021 4:12am
AUD/USD Bearish Wolfe Wave Trade Setup.
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  • #4,528
  • Jun 11, 2021 1:14pm Jun 11, 2021 1:14pm
AUDUSD - Successful Bearish Wolfe Wave trade setup.
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  • #4,529
  • Jun 11, 2021 2:06pm Jun 11, 2021 2:06pm
AUDCAD H4 Potential Wolfe Wave setup possibly next week sometime, wait to see...
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  • #4,530
  • Jun 12, 2021 12:49pm Jun 12, 2021 12:49pm
Hello Guys, how're we doing?
here is a video I just created, in it I tried to explain how I determine on trade to take, a potential shark pattern and the progress of my ongoing trade that I have already shared the setup here for all to see. It's my first time of creating a video so it's rough around the edges. so, take a look and let me know on what your thoughts are, anywhere you want me to explain just drop comments.
Inserted Video
  • #4,531
  • Jun 15, 2021 6:00am Jun 15, 2021 6:00am
AUDUSD Bullish Wolfe Wave Trade entered.

AUDUSD Bullish Shark
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  • #4,532
  • Jun 15, 2021 9:27am Jun 15, 2021 9:27am
AUDUSD Looking like a failed pattern. Failing trade.
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  • #4,533
  • Jun 15, 2021 10:31am Jun 15, 2021 10:31am
AUDUSD Bullish Shark Traded entered. previous Trade successfully stopped.
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  • #4,534
  • Jun 18, 2021 7:46am Jun 18, 2021 7:46am
AUDUSD DAILY Bullish Shark 99% Shark Pattern.
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  • #4,535
  • Jun 18, 2021 10:24am Jun 18, 2021 10:24am
Quoting alphabear
Another shark and butterfly patterns sported here on GBPJPY daily chart. Price is currently at the PRZ{image}
Trade update, Price has left the PRZ
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  • #4,536
  • Jun 18, 2021 10:28am Jun 18, 2021 10:28am
Quoting alphabear
{quote} This trade went well, but unfortunately I was unable to take it(was at work); However, A shark pattern has been formed and price is currently at the PRZ of a long term reversal. If price makes a U-turn it will be a very good area to short because risk to reward ratio. {image} What do you think?
Well Guys price finally made a turn
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  • #4,537
  • Jun 18, 2021 10:30am Jun 18, 2021 10:30am
Quoting alphabear
Another one! A shark and a crab pattern have just been completed on the weekly time frame. Price is also at the PRZ. {image}
Price has left the PRZ here too
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  • #4,538
  • Jun 18, 2021 10:32am Jun 18, 2021 10:32am
Quoting alphabear
And another one! Guy I think we're in a shark week, shark month or shark year, Whatever! If the dollar gains some mojo back we could be sharking this trade down to the bank, lol. GBPUSD on the weekly {image}
Here too price has left the PRZ
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  • #4,539
  • Jun 18, 2021 10:36am Jun 18, 2021 10:36am
Quoting alphabear
Hello Guys, how're we doing? here is a video I just created, in it I tried to explain how I determine on trade to take, a potential shark pattern and the progress of my ongoing trade that I have already shared the setup here for all to see. It's my first time of creating a video so it's rough around the edges. so, take a look and let me know on what your thoughts are, anywhere you want me to explain just drop comments. https://youtu.be/nEhM8Z5vKwk
and, here is another one just as said in my video analysis
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  • #4,540
  • Jun 18, 2021 10:39am Jun 18, 2021 10:39am
Quoting alphabear
{quote} This trade went well, but unfortunately I was unable to take it(was at work); However, A shark pattern has been formed and price is currently at the PRZ of a long term reversal. If price makes a U-turn it will be a very good area to short because risk to reward ratio. {image} What do you think?
Here is the trade I made a video analysis on
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