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Making Bank: The Harmonic rhythm of the market

  • #4,721
  • Aug 2, 2022 9:04pm Aug 2, 2022 9:04pm
Nice trade my friend.
  • #4,722
  • Aug 2, 2022 9:13pm Aug 2, 2022 9:13pm
I just took this short let's see how this one play out.
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  • #4,723
  • Aug 3, 2022 8:14pm Aug 3, 2022 8:14pm
Quoting row
I just took this short let's see how this one play out. {image}
Thanks e to God TP hit.
  • #4,724
  • Aug 3, 2022 8:17pm Aug 3, 2022 8:17pm
Let's see how this one plays out. On the bigger picture I'm looking at longs.
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  • #4,725
  • Aug 3, 2022 9:15pm Aug 3, 2022 9:15pm
Quoting alphabear
{quote} CADJPY {image}
Nice set up sir, but I wonder if you closed this trade or not because it pullbacked alot so we lost some profit if we'd have been closed it fast
  • #4,726
  • Aug 4, 2022 6:55am Aug 4, 2022 6:55am
Quoting mmo1991
{quote} Nice set up sir, but I wonder if you closed this trade or not because it pullbacked alot so we lost some profit if we'd have been closed it fast
This is long term trade I think, you must be patient, this can go up and down but finally target will be met, cheers
People don't plan to lose. They lose because they don't plan.
  • #4,727
  • Aug 7, 2022 8:01pm Aug 7, 2022 8:01pm
CAD/JPY
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Enjoy it while it lasts, then pay for it. Be Grateful.
  • #4,728
  • Aug 7, 2022 9:28pm Aug 7, 2022 9:28pm
Quoting row
I just took this short let's see how this one play out. {image}
Wow! this is lovely. What pattern was that, Shark (5-0)? one thing I notice was your stop loss, it was too tight. it should have been a little above the previous resistance to the left, because most often price usually goes back to retest the previous support/resistance. and your take profit was a bit tight too, this is harmonic and your least target should be 38.2% (risk/reward ratio= 1:2), mid target 61.8% (r/w = 1:4-6), maximum target 88.6 (r/w = 1:8 plus) Fib retracement level.

If you trade this way and let say you took three trades and two end in loses while one was a winner, at the end you would still be in good standing because you took advantage of the risk/ward that harmonic offers.

I don't trade GA so I don't have this chart but when this trade is completes try and measure with your fib, you would notice that price at least tested 50% fib level which would have been about 1:3 R/W.
  • #4,729
  • Aug 7, 2022 9:32pm Aug 7, 2022 9:32pm
Quoting mmo1991
{quote} Nice set up sir, but I wonder if you closed this trade or not because it pullbacked alot so we lost some profit if we'd have been closed it fast
Nope! i am still holding and I may even add more lots to it so long as price remains in the PRZ. Did you see what I did here in this trade?
Quoting alphabear
{quote} If you took this trade when I posted it then you should be in profit now. There was a huge drop in the immediate candle formation and price has gone to retest the zone and failed the second time. If price breaks that red trend line support at least TP1 would be hit soon. {image}
,
Quoting alphabear
{quote} AUDNZD {image}
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  • #4,730
  • Aug 7, 2022 9:44pm Aug 7, 2022 9:44pm
Quoting alphabear
{quote} Nope! i am still holding and I may even add more lots to it so long as price remains in the PRZ. Did you see what I did here in this trade? {quote} , {quote} {image}
This was my entry:
Quoting alphabear
A butterfly pattern with price chilling at the PRZ, AUDNZD is currently way over bought and from technical analysis price may head down south soon.{image} AUDNZD H1
  • #4,731
  • Aug 7, 2022 9:59pm Aug 7, 2022 9:59pm
I leave you with "the harmonic rhythm of the market"
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  • #4,732
  • Aug 7, 2022 10:01pm Aug 7, 2022 10:01pm
Quoting alphabear
{quote} Wow! this is lovely. What pattern was that, Shark (5-0)? one thing I notice was your stop loss, it was too tight. it should have been a little above the previous resistance to the left, because most often price usually goes back to retest the previous support/resistance. and your take profit was a bit tight too, this is harmonic and your least target should be 38.2% (risk/reward ratio= 1:2), mid target 61.8% (r/w = 1:4-6), maximum target 88.6 (r/w = 1:8 plus) Fib retracement level. If you trade this way and let say you took three trades...
Thank you for the feedback my friend, duly noted. Price actually cleared the 61.8 and almost touched the 78.6 extention.
  • #4,733
  • Aug 7, 2022 10:04pm Aug 7, 2022 10:04pm
Quoting row
{quote} Thank you for the feedback my friend, duly noted. Price actually cleared the 61.8 and almost touched the 78.6 extention.
That's wonderful.
  • #4,734
  • Aug 7, 2022 10:41pm Aug 7, 2022 10:41pm
Yummy.........I do believe this is a good place to enter even for the long term trade.
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  • #4,735
  • Aug 10, 2022 8:40am Aug 10, 2022 8:40am
Quoting alphabear
EURUSDH1.png {image}
You still hold sell Eu?
I think its not good for hold in a long time
  • #4,736
  • Aug 10, 2022 3:22pm Aug 10, 2022 3:22pm
Quoting mmo1991
{quote} You still hold sell Eu? I think its not good for hold in a long time
OOps! sorry I did not up date, I've closed that trade for a few days now.
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  • #4,737
  • Aug 10, 2022 3:25pm Aug 10, 2022 3:25pm
Quoting alphabear
{quote} {image}
target has been hit for days now, I just thought I could get something more and i am glad market is given me what i want.
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  • #4,738
  • Aug 10, 2022 3:30pm Aug 10, 2022 3:30pm
Quoting alphabear
{quote} EURAUD {image}
target not yet hit but i am positive but anything can happen
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  • #4,739
  • Aug 10, 2022 3:32pm Aug 10, 2022 3:32pm
Quoting alphabear
CADJPYMonthly.png {image}
I am still holding
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  • #4,740
  • Aug 10, 2022 3:37pm Aug 10, 2022 3:37pm
Quoting alphabear
{quote} AUDNZD.. {image}
I was closing this manually, I may close all after posting this
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