Making Bank: The Harmonic rhythm of the market | Page 229 | Forex Factory

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Making Bank: The Harmonic rhythm of the market

  • #4,561
  • Jul 7, 2021 7:39am Jul 7, 2021 7:39am
Quoting MoeinYzz
Hey Friends. Waiting for this pending Butterfly on USDCAD. Though I managed to get some pips from the BAT Alpha mentioned. I decided to get out since there might be a bigger pattern developing. {image} I've started to be more patient. I've found out that it really betters my trading. I used to just wait for a little reaction in the PRZ and then take a trade. Sure it worked sometimes, but when it didn't, I suffered and questioned the system. Which is typical psychological mistake in trading. Now that I try to be more patient and wait for price exhaustion,...
I'm out of all my dollar pair trade for now too, looking for ways to get back.
  • #4,562
  • Jul 7, 2021 7:45am Jul 7, 2021 7:45am
EURNZD H4 Gartley pattern here guys I'm waiting for price to fall further so that I can buy more lot
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  • #4,563
  • Jul 8, 2021 2:27pm Jul 8, 2021 2:27pm
Quoting alphabear
EURNZD H4 Gartley pattern here guys I'm waiting for price to fall further so that I can buy more lot{image}
Update: I was hoping to add more to my positions on this trade but that wasn't the case. I missed out, the little I was able to buy closed when TP3 was hit before I got home. So, all in all I made the bank as a trader I think that matters most
Attached Image (click to enlarge)
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  • #4,564
  • Jul 8, 2021 3:49pm Jul 8, 2021 3:49pm
What have we here? A Gartley setup on EURNZD H1. Price is still Chilling in the PRZ
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  • #4,565
  • Jul 9, 2021 1:28am Jul 9, 2021 1:28am
Currently involved in the CADCHF semi-BAT pattern.
Waiting for the unemployment news to help me out a little.
Stop losses in place.
Trading small since I'm refining my whole trade management style.

Attached Image (click to enlarge)
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When there's a will, there's a way.
  • #4,566
  • Jul 9, 2021 4:50am Jul 9, 2021 4:50am
Quoting alphabear
What have we here? A Gartley setup on EURNZD H1. Price is still Chilling in the PRZ{image}
I jumped on GBPNZD.

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Price going my way for now. Hopefully more downside.

Recently I've been more patient and more observant in the PRZ. I try to no longer jump the gun and enter the trade. One of the things we as traders need to really be mindful of is this Patience and Discipline CN always mentions. Especially in harmonics. We need to eliminate things such as FOMO and big lot sizes in our trading.

All the best my friend.
When there's a will, there's a way.
  • #4,567
  • Jul 9, 2021 2:02pm Jul 9, 2021 2:02pm
Quoting alphabear
What have we here? A Gartley setup on EURNZD H1. Price is still Chilling in the PRZ{image}
Update: We're out of the PRZ
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  • #4,568
  • Jul 9, 2021 2:08pm Jul 9, 2021 2:08pm
I was unable to post this setup because I never had the time because of work. EURAUD D1. It isn't looking pretty but it sure gives same satisfaction.
Attached Image (click to enlarge)
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  • #4,569
  • Jul 9, 2021 2:15pm Jul 9, 2021 2:15pm
Quoting MoeinYzz
Currently involved in the CADCHF semi-BAT pattern. Waiting for the unemployment news to help me out a little. Stop losses in place. Trading small since I'm refining my whole trade management style. {image}
Nice one bro, I have been waiting for this pair to move up higher for over 2 weeks now
Attached Image (click to enlarge)
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  • #4,570
  • Jul 9, 2021 2:19pm Jul 9, 2021 2:19pm
Quoting alphabear
{quote} Nice one bro, I have been waiting for this pair to move up higher for over 2 weeks now{image}
I have been waiting for price to enter the PRZ on the weekly time frame
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHFWeekly.png Size: 57 KB
  • #4,571
  • Jul 9, 2021 2:31pm Jul 9, 2021 2:31pm
Quoting MoeinYzz
{quote} I jumped on GBPNZD. {image} Price going my way for now. Hopefully more downside. Recently I've been more patient and more observant in the PRZ. I try to no longer jump the gun and enter the trade. One of the things we as traders need to really be mindful of is this Patience and Discipline CN always mentions. Especially in harmonics. We need to eliminate things such as FOMO and big lot sizes in our trading. All the best my friend.


Wow! Nice setup. I was trying to check how your pivot points align with my fibo point but, unfortunately my broker FXTM does not feature this pair. I can see an AB=CD and a shark pattern may emerge so, please be careful with this.
  • #4,572
  • Jul 9, 2021 2:41pm Jul 9, 2021 2:41pm
Quoting alphabear
{quote} 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){image}
I have exited this trade price is dwelling for far too long in the PRZ which is not a good sign.
  • #4,573
  • Jul 9, 2021 3:53pm Jul 9, 2021 3:53pm
Quoting alphabear
I was unable to post this setup because I never had the time because of work. EURAUD D1. It isn't looking pretty but it sure gives same satisfaction. {image}
Update: Closed
  • #4,574
  • Jul 9, 2021 3:53pm Jul 9, 2021 3:53pm
Quoting alphabear
{quote} Update: We're out of the PRZ{image}
Update: Closed
  • #4,575
  • Jul 10, 2021 2:39am Jul 10, 2021 2:39am
Quoting alphabear
{quote} Wow! Nice setup. I was trying to check how your pivot points align with my fibo point but, unfortunately my broker FXTM does not feature this pair. I can see an AB=CD and a shark pattern may emerge so, please be careful with this.

Ah FXTM. I remember I used to have an account with that broker. Until I figured out how much i'm losing to commission. It was too much for me.

And as for GBPNZD, you're correct. I closed my trade at breakeven point as I saw buyers not letting price go lower than R38. Probably another push higher then a good drop.


As for USDCAD and CADCHF, still running. Hope to close at 61.8. USDCAD is near. CADCHF has a little more to go.
When there's a will, there's a way.
  • #4,576
  • Jul 11, 2021 1:52am Jul 11, 2021 1:52am
Quoting MoeinYzz
{quote} Ah FXTM. I remember I used to have an account with that broker. Until I figured out how much i'm losing to commission. It was too much for me. And as for GBPNZD, you're correct. I closed my trade at breakeven point as I saw buyers not letting price go lower than R38. Probably another push higher then a good drop. As for USDCAD and CADCHF, still running. Hope to close at 61.8. USDCAD is near. CADCHF has a little more to go.
''Ah FXTM. I remember I used to have an account with that broker. Until I figured out how much i'm losing to commission'' lol, I have never thought about commission before but, the swab was really eating up my gain. I held AUDCAD for weeks expecting price to finally go off of the PRZ which wasn't the case. So, I pulled the plug with minimal gain.

''I closed my trade at breakeven point as I saw buyers not letting price go lower than R38''. That's okay knowing when to exit a trade is a great trade management. I'm hoping on buying USDCAD on the weekly, I've not really traded the CHF for over a year now Because of it's volatility. I was less experience then now I know more, I would like to think so, I would give the pair a try.
  • #4,577
  • Jul 11, 2021 2:23am Jul 11, 2021 2:23am
I love animals and one of the animals that have inspired me the most is the bear, not just any bear but the alpha bear. He fights for the most profitable spot at the brooks falls. He stands there and let the salmon come to him, There he feeds as much as his stomach allows. Ever since I watched this documentary I've always thought of a way of positioning myself as that alpha bear. Harmonic gives me that opportunity to hunt just like the alpha bear, find a brook (PRZ) and let salmon (price) come to you and you can feed(trade) as much as possible without pain.
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  • #4,578
  • Jul 11, 2021 2:43am Jul 11, 2021 2:43am
My potential trade setups for the week: first up is AUDCAD H4 price has been dwelling in the PRZ for weeks now so I exited this trade on the D1 T.F, If the Shark completes I may be buying this pair
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  • #4,579
  • Jul 11, 2021 2:52am Jul 11, 2021 2:52am
Price is already chilling in the PRZ of USDCHF H4!
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a Bat, Gartley or Alt Bat? I don't know what to call this but, what makes it interesting is mathematical ratios is right for all three and they're all sharing a confluence as their PRZ
  • #4,580
  • Jul 11, 2021 2:59am Jul 11, 2021 2:59am
Here we have a shark on the major and minor swings. Based on Price action, there was an immediate reaction at the pattern completion point
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