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Making Bank: The Harmonic rhythm of the market

  • #4,741
  • Aug 10, 2022 1:39pm Aug 10, 2022 1:39pm
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}
still holding
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  • #4,742
  • Aug 10, 2022 1:42pm Aug 10, 2022 1:42pm
I thought this was posted initially, I forgot to but here it is anyway
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  • #4,743
  • Edited 3:20am Aug 11, 2022 2:51am | Edited 3:20am
Here is a butterfly pattern on EURUSDH1. for those who might have taken the trade earlier tp1 has been hit. If you are not already in this trade then we are in the same pool. I have set up my sell limit in the PRZ....

If you take this trade and you're wondering when to exit, I have include TP1-TP3 which are a@ 38.2%, 61.8% and 88.6% Fibo levels
@mmo1991 @Row

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 19 KB
  • #4,744
  • Aug 11, 2022 3:19am Aug 11, 2022 3:19am
Quoting alphabear
Here is a butterfly pattern on EURUSDH1. for those who might have taken the trade earlier tp1 has been hit. If you are not already in this trade then we are in the same pool. I have set up my sell limit in the PRZ.... If you take this trade and you're wondering when to exit, I have include TP1-TP3 which are a@ 38.2%, 61.8% and 88.6% Fibo levels @mmo1991 @Row {image}
Three limit triggered so far, see you later.
Attached Image (click to enlarge)
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for now enjoy "The Harmonic rhythm of the market"
Inserted Video
  • #4,745
  • Aug 11, 2022 4:28am Aug 11, 2022 4:28am
Quoting alphabear
{quote} Three limit triggered so far, see you later. {image} for now enjoy "The Harmonic rhythm of the market" https://youtu.be/bLF90M96m2Q
Hi you draw the butterfly by yourself or you use indicator?
  • #4,746
  • Aug 11, 2022 6:52am Aug 11, 2022 6:52am
Let see if your eur trade work, I dont think sell EU is good now
  • #4,747
  • Aug 11, 2022 7:39am Aug 11, 2022 7:39am
Quoting mmo1991
{quote} Hi you draw the butterfly by yourself or you use indicator?
I don't use indicators, all my charts are hand drawn.
  • #4,748
  • Aug 11, 2022 7:50am Aug 11, 2022 7:50am
Quoting mmo1991
Let see if your eur trade work, I dont think sell EU is good now
That's alright! If I keep waiting for the right time, nothing will ever get done. I just take my trade once I get the necessary signal and leave the rest to play out. some times the trade ends in a loss other times, I win. To me that's all I need. Thanks for your opinion and I hope to see you around more often.
  • #4,749
  • Edited 8:11am Aug 11, 2022 7:57am | Edited 8:11am
Hey Buddy @Alpha

long time

Might want to keep a eye at AUD > Butterfly
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We cannot direct the winds but we can adjust our sail.
  • #4,750
  • Aug 11, 2022 8:01am Aug 11, 2022 8:01am
DOW H4 & Daily
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We cannot direct the winds but we can adjust our sail.
  • #4,751
  • Aug 11, 2022 12:04pm Aug 11, 2022 12:04pm
Dow cash

Jumping off the bus here 33340 for now, to re-enter @33474 again
We cannot direct the winds but we can adjust our sail.
  • #4,752
  • Aug 11, 2022 12:12pm Aug 11, 2022 12:12pm
Quoting posterboy
Hey Buddy @Alpha long time Might want to keep a eye at AUD > Butterfly {image} {image}
Yeah posterboy, long time.
How are you doing? I am holding AU long trade on the daily time frame. It's actually a breakout trade, check my previous updates for more info. your butterfly is valid just that I can buy/sell the same pair at a time, that's why I am mentioning it. Thanks for the heads up.
  • #4,753
  • Aug 11, 2022 12:15pm Aug 11, 2022 12:15pm
Quoting posterboy
DOW H4 & Daily {image}
I don't even have this on my MT4, I may have to do something about my broker very soon. I may open an account with tickmill soon, they may have a wider options.
  • #4,754
  • Aug 11, 2022 12:16pm Aug 11, 2022 12:16pm
Quoting posterboy
Dow cash Jumping off the bus here 33340 for now, to re-enter @33474 again
What are you jumping off from?
  • #4,755
  • Aug 11, 2022 12:25pm Aug 11, 2022 12:25pm
Quoting alphabear
{quote} Three limit triggered so far, see you later. {image} for now enjoy "The Harmonic rhythm of the market" https://youtu.be/bLF90M96m2Q
7 sell limits triggered. At this point I don't know if price may go back and trigger the other limits, but if it does/doesn't i'm okay with what I have got there is always another trade. so, no need/room for worries. price has left the bus station (PRZ)...

If price breaks through TP1, then we have a butterfly and a double tops patterns in play here, that should give anyone more confidence to hold this trade for a while.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 19 KB
  • #4,756
  • Aug 11, 2022 12:49pm Aug 11, 2022 12:49pm
Quoting alphabear
{quote} What are you jumping off from?
Jumping off cashing out my sells from 33585/95 and 33615

Cashing out @ 33340 Temporary

Re enter again sell at 33475 and 33 515 for retest to resume down

Final target for my Dow cash

32345

Fingers cross
We cannot direct the winds but we can adjust our sail.
  • #4,757
  • Aug 11, 2022 1:04pm Aug 11, 2022 1:04pm
Quoting posterboy
{quote} Jumping off cashing out my sells from 33585/95 and 33615 Cashing out @ 33340 Temporary Re enter again sell at 33475 and 33 515 for retest to resume down Final target for my Dow cash 32345 Fingers cross
That's good to know, Enjoy your green pips. I am going to bed, see you some other time.
  • #4,758
  • Aug 11, 2022 8:53pm Aug 11, 2022 8:53pm
Any thought on whether the PRZ is at the right place?
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  • #4,759
  • Aug 12, 2022 12:15am Aug 12, 2022 12:15am
Quoting row
Any thought on whether the PRZ is at the right place? {image}
Currently I am away from my system so I can't check this for now. What parttan is this? Do a top down analysis to get broader view.
  • #4,760
  • Aug 12, 2022 4:07am Aug 12, 2022 4:07am
Quoting alphabear
{quote} That's alright! If I keep waiting for the right time, nothing will ever get done. I just take my trade once I get the necessary signal and leave the rest to play out. some times the trade ends in a loss other times, I win. To me that's all I need. Thanks for your opinion and I hope to see you around more often.
Can you share how you draw a butterfly partern?
Congrat for your EU set up and made really nice pip.
How about AU, GU if you sold EU?
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