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Making Bank: The Harmonic rhythm of the market

  • #4,821
  • Edited 8:36am Aug 29, 2022 12:45am | Edited 8:36am
Attached Image (click to enlarge)
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Quoting ninner
{quote} where is the bat pattern invalidated????
I am still on the side line but this is exactly my plan

that way the risk would be so small and the reward huge
Edit: since I'm home now I'd like to take this trade manually so all sell limits closed
  • #4,822
  • Aug 29, 2022 12:53am Aug 29, 2022 12:53am
Quoting alphabear
{quote} I've been waiting for price at the PRZ for over a month now on this pair. As always I am not in a hurry to jump into any trade now especially on any pair from Europe. If I bought GBP then it most be at a very cheap rate. {image}
Price is still in the PRZ of GBPUSD weekly but I am not buying yet as it's still too expensive, I want it cheaper with little risk attach
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  • #4,823
  • Aug 29, 2022 1:16am Aug 29, 2022 1:16am
Potential bearish crab on the usdcad on the 1 hour chart.
  • #4,824
  • Aug 29, 2022 8:34am Aug 29, 2022 8:34am
I am still waiting for price at where I want in on UJH4 and GU Weekly time frames. However I've been tracking this ascending triangular pattern on AJ for over a month now price is where I want it to be so, I sold a few positions on AJ daily.
Attached Image (click to enlarge)
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  • #4,825
  • Aug 29, 2022 8:47am Aug 29, 2022 8:47am
Quoting alphabear
I am still waiting for price at where I want in on UJH4 and GU Weekly time frames. However I've been tracking this ascending triangular pattern on AJ for over a month now price is where I want it to be so, I sold a few positions on AJ daily. {image}
A bat pattern is also in play on M30, seeing that made me added some more shot positions
Attached Image (click to enlarge)
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  • #4,826
  • Aug 29, 2022 9:46am Aug 29, 2022 9:46am
cypher pattern for usdjpy on the 15 min chart is in play.
  • #4,827
  • Aug 29, 2022 11:28am Aug 29, 2022 11:28am
Quoting CNTrader
{quote} Hey Traders, Man not even 1 Thank you yet?!! lol Just a bunch of people unsubscribing. Nothing but a bunch of ungrateful freeloaders lol. Hence the reason I don't post here much anymore. I gave everyone a gift and its just getting to the point of no return until the next major Big Picture shift. I hope everyone enjoys the pips and has learned a little something from this thread. Make a great summer!! Still holding and gathering short positions when opportunities develop on USD. Long Gold and other commodities. Not much else to see here lol...
What is the problem, Pal???
  • #4,828
  • Aug 29, 2022 12:20pm Aug 29, 2022 12:20pm
Quoting ninner
{quote} What is the problem, Pal???
CNtrader hasn't been around for years. Its a shame really.
  • #4,829
  • Aug 29, 2022 2:27pm Aug 29, 2022 2:27pm
Quoting Steamroller
{quote} CNtrader hasn't been around for years. Its a shame really.
He seemed like a whiner to me
  • #4,830
  • Aug 29, 2022 8:34pm Aug 29, 2022 8:34pm
Quoting alphabear
{image}{quote} I am still on the side line but this is exactly my plan that way the risk would be so small and the reward huge Edit: since I'm home now I'd like to take this trade manually so all sell limits closed
Wonderful. I am watching this one as well.
  • #4,831
  • Aug 30, 2022 1:52pm Aug 30, 2022 1:52pm
Quoting alphabear
{quote} A bat pattern is also in play on M30, seeing that made me added some more shot positions {image}
Update: My entry was so poor on this trade, I was waiting for price on UJ H4 and I foolishly sold AJ without considering why I have stayed away from Uj. Can you imagine that? The draw down was huge, I should have done a top down analysis instead of just taking the trade based on the daily time frame. It was when I scaled down to H1-M15 that I realized I was in a mess.
Attached Image (click to enlarge)
Click to Enlarge Name: 1AUDJP.YM30.png Size: 14 KB
  • #4,832
  • Aug 30, 2022 1:56pm Aug 30, 2022 1:56pm
Quoting alphabear
I am still waiting for price at where I want in on UJH4 and GU Weekly time frames. However I've been tracking this ascending triangular pattern on AJ for over a month now price is where I want it to be so, I sold a few positions on AJ daily. {image}
I have closed this trade now with a small gain because I need the margin elsewhere. I really want to take GU and UJ trade
Attached Image (click to enlarge)
Click to Enlarge Name: 2AUDJPY.Daily.png Size: 13 KB
  • #4,833
  • Aug 30, 2022 1:59pm Aug 30, 2022 1:59pm
Quoting alphabear
{quote} Price has entered and exited the PRZ for the third time now. I was on the sideline waiting for price at the prz since july, so I am glad I took this trade when the opportunity finally presented itself. I don't know how this trade would end but I hope I make the bank at the end {image}
TP1 is almost hit on my EA trade
Attached Image (click to enlarge)
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  • #4,834
  • Aug 30, 2022 2:13pm Aug 30, 2022 2:13pm
Quoting row
{quote} Wonderful. I am watching this one as well.
That's okay but don't forget NFP comes up on friday, it might really shake things up, I don't want to be on the wrong side of data.
  • #4,835
  • Aug 30, 2022 2:39pm Aug 30, 2022 2:39pm
Quoting alphabear
{quote} That's okay but don't forget NFP comes up on friday, it might really shake things up, I don't want to be on the wrong side of data.
Both are getting into the zone, but the question is has the market fully priced in the 75bps? Also qt starts next week.
  • #4,836
  • Aug 30, 2022 6:41pm Aug 30, 2022 6:41pm
Quoting alphabear
{quote} I have closed this trade now with a small gain because I need the margin elsewhere. I really want to take GU and UJ trade {image}
I am glad that it was a gain and not a loss. I myself is also out but I think I will re-enter at a better entry if the opportunity present itself.
  • #4,837
  • Aug 30, 2022 7:32pm Aug 30, 2022 7:32pm
I AM short USDCHF...UP a few pips based on the hourly chart.
  • #4,838
  • Aug 30, 2022 9:10pm Aug 30, 2022 9:10pm
Quoting Steamroller
{quote} Both are getting into the zone, but the question is has the market fully priced in the 75bps? Also qt starts next week.
Well that question is above my scope, there are so many things I try not to bother about, most especially that I have no control over.

I watch out for patterns, after that I try to identify a probable safe zone at which to take a trade based on price behavior, any other thing is secondary.
  • #4,839
  • Aug 30, 2022 9:24pm Aug 30, 2022 9:24pm
Quoting row
{quote} I am glad that it was a gain and not a loss. I myself is also out but I think I will re-enter at a better entry if the opportunity present itself.
Thanks bro, I am considering that too but I don't want to be stock in a trade with huge drawdown.

I want the CAD and USD to gain against the YEN and GBP. if that happens, the the AUD would probably gain against the YEN too that's why I exited my AUDYEN trade prematurely.

My priority for the week is to buy/sell GU, UJ CJ and AJ cheaply.
  • #4,840
  • Aug 30, 2022 9:26pm Aug 30, 2022 9:26pm
Quoting ninner
I AM short USDCHF...UP a few pips based on the hourly chart.
That's good to know, goodluck! Personally I don't trade anything CHF. Please, don't forget NFP
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