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Making Bank: The Harmonic rhythm of the market

  • #4,601
  • Edited 11:01am Jul 14, 2021 9:34am | Edited 11:01am
Quoting anubieonly
Hi fellow traders, I am watching this as GBPCAD as today CAD big impact news, is it ok to enter short on yellow box or better wait on red box since I doubt GBP can go higher, my projection on grey color to fib 78 around 1.74265 {image}
Please try and keep your chart simple, It makes it easier to read. The greatest advantage Harmonic has over all trading system I have come across is RISK to REWARD ratio. i.e If you have 3 trades: 2 losses and 1 win you can still come out profitable. Let say your R:R is 1:3 and you're risking $10/trade then a win would give you $30, if you have two losses since you're risking $10/trade your losses would just be $20 that means you still have $10 in your account as profit. I don't see the possibility of that happening from your chart and I could be wrong. anyways may the green pips be with you. Thanks for your contribution and pleases don't take my words personally.
  • #4,602
  • Jul 14, 2021 10:45am Jul 14, 2021 10:45am
Quoting alphabear
{quote} Please try and keep your chart simple, It makes it easier to read. The greatest advantage Harmonic has over all trading system I have come across is RISK to REWARD ration. i.e If you have 3 trades: 2 losses and 1 win you can still come out profitable. Let say your R:R is 1:3 and you're risking $10/trade then a win would give you $30, if you have two losses since you're risking $10/trade your losses would just be $20 that means you still have $10 in your account as profit. I don't see the possibility of that happening from your chart and...
Thanks so much Alpha, you are correct I just realized benefit drawing it correctly as I saw your charts it is very simple and with proper PRZ I should get minimal SL, thats what I am looking for each trades. Before this someone taught me to draw based on an indi like last 3 fibo ret, I will change it better draw it manually
Hope everyone gets green pips
  • #4,603
  • Jul 15, 2021 3:11am Jul 15, 2021 3:11am
Hey guys.

Recent developments in GBPUSD. Confluence of a big gartley and a butterfly.
Gotta love harmonics and pivots!

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When there's a will, there's a way.
  • #4,604
  • Jul 15, 2021 11:13am Jul 15, 2021 11:13am
Hi fellow harmonic traders, I am watching NU D1 as tomorrow is NZD big news too, is it my drawing is correct after down wave x then the reversal pattern on abcd might be will form bullish gartley / butterfly or not, please revise my first manual drawing

Thanks so much for any inputs
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Hope everyone gets green pips
  • #4,605
  • Jul 15, 2021 3:03pm Jul 15, 2021 3:03pm
Quoting alphabear
{quote} What have we here? Bat pattern has just been printed, price action has showed an immediate reaction at the completion of the pattern. If price comes back to the PRZ I'll gladly take it. Now i'm waiting patiently like the Alpha bear on brook falls {image}
This trade is playing out nicely, I did not take it because I was already in USDCHF trade and price did not fill my buy limit orders
  • #4,606
  • Jul 15, 2021 3:07pm Jul 15, 2021 3:07pm
Quoting alphabear
{quote} TP1 hit. CHF is very volatile this is why I have stayed away from it for over a year now, it's not for newbies. As a newbie if you want to quickly blow your account try trading CHF pairs {image}
Just closed this trade @ tp1 I don't just want anything to do with anything CHF again
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  • #4,607
  • Jul 15, 2021 3:40pm Jul 15, 2021 3:40pm
Quoting anubieonly
Hi fellow harmonic traders, I am watching NU D1 as tomorrow is NZD big news too, is it my drawing is correct after down wave x then the reversal pattern on abcd might be will form bullish gartley / butterfly or not, please revise my first manual drawing Thanks so much for any inputs {image}
this Zone you're trying to trade from is called a whipsaw, stop hunt or whatever it is known as. You may buy from here but at this zone the risk is too high because there is no clearly define trend.
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D1
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H4
visit this site https://harmonictrader.com/ download free video and learn from it
  • #4,608
  • Jul 15, 2021 5:11pm Jul 15, 2021 5:11pm
Quoting alphabear
{quote} this Zone you're trying to trade from is called a whipsaw, stop hunt or whatever it is known as. You may buy from here but at this zone the risk is too high because there is no clearly define trend. {image}D1 {image}H4 visit this site https://harmonictrader.com/ download free video and learn from it
Thanks so much Alpha
Hope everyone gets green pips
  • #4,609
  • Jul 20, 2021 4:09pm Jul 20, 2021 4:09pm
Quoting alphabear
{quote} Trade update, Price has left the PRZ {image}
Update: Still holding this GBPJPYW1 trade
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  • #4,610
  • Jul 20, 2021 4:11pm Jul 20, 2021 4:11pm
Quoting alphabear
{quote} Well Guys price finally made a turn {image}
Update: Still holding this NZDJPY W1 trade
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  • #4,611
  • Jul 20, 2021 4:14pm Jul 20, 2021 4:14pm
Quoting alphabear
{quote} Price has left the PRZ here too{image}
Update: Still holding this CADJPY W1 trade
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  • #4,612
  • Jul 21, 2021 2:20pm Jul 21, 2021 2:20pm
Quoting alphabear
{quote} Guys! the Bears did show up, even faster than I imagined. All smiles cause I made the bank for the first time this week. Congratulations to those that took this trade. Trade closed after snapshot {image}
EURNZDH4 the gift that keeps on giving. I've been away for a while. When I came back and saw this setup I gladly took it, the pair is so favourable, I've been riding it up and down for weeks now. Trade manually closed at TP2
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  • #4,613
  • Jul 21, 2021 2:25pm Jul 21, 2021 2:25pm
I shared this setup of EURGBPH4 somewhere but I just can't find it. Manually closed after TP1 was hit
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  • #4,614
  • Edited 10:45pm Jul 25, 2021 6:08am | Edited 10:45pm
Hello Guys,@pandionFx, @Moeinyzz, @anubieonly, @posterbo, @pipimintpati welcome to a new trading week.
I just finished my analysis and as always I want to share with you because that's what a good friend should do, Helping each other to make more money.

NOTE:
I've closed all my trade, I think that's the right thing to do too. Personally, I can't watch a winning trade turn into a losing trade. I am very happy with my account statement because I added an extra Zero, Yeah I made the Bank big time

EUR, JPY, GBP and the CAD all gave great Moves, Unfortunately! many were caught in the wrong side of the trade. Sorry if you got caught.
No matter how good you're in this line of business you can never win it all, And that's why lot size matters a lot, proper trade management shouldn't be ignore. Always resist the temptation of betting the farm.

Kenny Roggers puts it better so, listen to the legend himself.
Here it is "The harmonic rhythm of the market"
Inserted Video
  • #4,615
  • Jul 25, 2021 6:28am Jul 25, 2021 6:28am
First up: AUDCAD D1
From the Fundamental perspective, the Aussie is not doing that great. Due to the lock-down, the Covid-19 lock down is bad for the Health of the Aussie and not just for the people that use it the most.
However, from the Technical perspective. The Aussie is ripe and ready to be plug. The low hanging fruit you know. Buying the Aussie at this point comes with little risk but great reward. So, check it out.
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  • #4,616
  • Jul 25, 2021 6:31am Jul 25, 2021 6:31am
2nd: AUDNZD D1, a potential Gartley here guys
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  • #4,617
  • Jul 25, 2021 6:35am Jul 25, 2021 6:35am
Hi Alpha and all fellow Harmonic traders, as tomorrow there will be JPY news PMI n CPI I just checked all JPY pair and found this might be interesting. Please review my manual drawing, any advices will be very appreciated as I am still trying hard to understand the proper way of Harmonic rhytim.
UJ H4

I also plan to watch PA on EU D1 next week, seem intersting too
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Hope everyone gets green pips
  • #4,618
  • Jul 25, 2021 6:38am Jul 25, 2021 6:38am
3rd: AUDUSD D1, Here the risk is high so I will not be in the hurry to take this trade. The stop loss here has to be bellow the red box. When price gets into the brook (PRZ) I will be watching out for support to be formed first before buying this if not I will let it pass. Keep your eyes open for FOMC and COVID-19 news from Australia
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  • #4,619
  • Jul 25, 2021 6:42am Jul 25, 2021 6:42am
NZDUSD H1, The pattern has been confirmed, there was an immediate reaction at the completion point. The warning is same as above
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  • #4,620
  • Jul 25, 2021 6:47am Jul 25, 2021 6:47am
Quoting anubieonly
Hi Alpha and all fellow Harmonic traders, as tomorrow there will be JPY news PMI n CPI I just checked all JPY pair and found this might be interesting. Please review my manual drawing, any advices will be very appreciated as I am still trying hard to understand the proper way of Harmonic rhytim. UJ H4 I also plan to watch PA on EU D1 next week, seem intersting too {image} {image}
Great setup bro: USDJPY H4
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