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Making Bank: The Harmonic rhythm of the market

  • #5,601
  • Edited Nov 8, 2022 6:26am Nov 7, 2022 10:12am | Edited Nov 8, 2022 6:26am
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  • #5,602
  • Nov 7, 2022 7:31pm Nov 7, 2022 7:31pm
Good Morning
GC h1 my view
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-Fill your head with knowledge - Arief -
  • #5,603
  • Nov 7, 2022 9:01pm Nov 7, 2022 9:01pm
I am not sure if this pattern will get to the PRZ zone but I'm watching this one closely for a short.
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  • #5,604
  • Nov 7, 2022 9:24pm Nov 7, 2022 9:24pm
UJ h1
The market doesn't go the way we want and it's not perfect, we have to adapt to it, at least we have a plan
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  • #5,605
  • Edited 11:27am Nov 8, 2022 6:25am | Edited 11:27am
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  • #5,606
  • Nov 8, 2022 9:44am Nov 8, 2022 9:44am
Quoting row
I am not sure if this pattern will get to the PRZ zone but I'm watching this one closely for a short. {image}
It might, but why are you not considering the other possibilities? I could see more than just one pattern on this chart I thing a Gartley/Bat is also forming Which may have a wider PRZ than the shark you identified. I thing doing that would prevent entering this trade too early and helps in avoiding huge draw down.
  • #5,607
  • Nov 8, 2022 9:56am Nov 8, 2022 9:56am
Quoting alphabear
{quote} It might, but why are you not considering the other possibilities? I could see more than just one pattern on this chart I thing a Gartley/Bat is also forming Which may have a wider PRZ than the shark you identified. I thing doing that would prevent entering this trade too early and helps in avoiding huge draw down.
Thanks, my friend, I am still on the sideline trying to exercise your type of patience. I didn't get the behavior that I was looking for, so I didn't enter.
  • #5,608
  • Nov 8, 2022 12:05pm Nov 8, 2022 12:05pm
Quoting row
{quote} Thanks, my friend, I am still on the sideline trying to exercise your type of patience. I didn't get the behavior that I was looking for, so I didn't enter.
Its alright, personally I think the PRZ of either the Gartley/Bat (I don't know which because I have not used fib tool to check) pattern would give you a better edge.

On the other hand, fundamentally, the US mid term election results may affect this trade. I think if the Republicans wins the majority, price may rally to a good position for you to short this pair but if Dem Wins then dollar would gain instant mojo.

So factor that in too. When would the election results be out in the US? It would be a good time for a very good entry because price would either rally/dip after it.
  • #5,609
  • Nov 8, 2022 9:01pm Nov 8, 2022 9:01pm
hello
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  • #5,610
  • Nov 8, 2022 10:02pm Nov 8, 2022 10:02pm
my view
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  • #5,611
  • Nov 9, 2022 1:45am Nov 9, 2022 1:45am
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  • #5,612
  • Nov 9, 2022 2:07am Nov 9, 2022 2:07am
Quoting SocTrang83
hello {image}
It looks like a head and shoulders could be in play here
  • #5,613
  • Nov 9, 2022 2:19am Nov 9, 2022 2:19am
Quoting alphabear
{quote} It looks like a head and shoulders could be in play here
Hi sir , actually i don't understand the head and shoulders pattern well what are you talking about i don't trade this pattern
-Fill your head with knowledge - Arief -
  • #5,614
  • Nov 9, 2022 2:22am Nov 9, 2022 2:22am
Quoting SocTrang83
{quote} Hi sir , actually i don't understand the head and shoulders pattern well what are you talking about i don't trade this pattern
Its okay, here is what I mean in the chart below. Price may rally as you're hoping It would but I just wanted you to know that another pattern could also be in play here too.
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  • #5,615
  • Nov 9, 2022 2:26am Nov 9, 2022 2:26am
Quoting SocTrang83
my view {image}
Please explain a bit more, are you combining AB=CD with wave theory?
  • #5,616
  • Nov 9, 2022 2:33am Nov 9, 2022 2:33am
Quoting SocTrang83
{image}
This is almost ripe, I am with you on this AUDNZD M30, Thanks for the analysis
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  • #5,617
  • Nov 9, 2022 2:43am Nov 9, 2022 2:43am
Quoting alphabear
{quote} Please explain a bit more, are you combining AB=CD with wave theory?
yes sir wave 3 sometimes 5 waves sometimes abcd the market is not as perfect as in the book lol , it's an improved wave of the classic elliot, it's just my view that could be wrong sir, I'm in the learning phase
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  • #5,618
  • Nov 9, 2022 2:47am Nov 9, 2022 2:47am
Quoting alphabear
{quote} Please explain a bit more, are you combining AB=CD with wave theory?
if you are interested you can find out
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  • #5,619
  • Nov 9, 2022 3:35am Nov 9, 2022 3:35am

the badger might get tired and prepare for hibernation; maybe he'll look out for presents again at christmas ??
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donīt follow me,you will loose your moneyy
  • #5,620
  • Nov 9, 2022 3:42am Nov 9, 2022 3:42am
Quoting alphabear
{quote} This is almost ripe, I am with you on this AUDNZD M30, Thanks for the analysis {image}
i hit stop loss we have strong wave 3 , pattern is not working
-Fill your head with knowledge - Arief -
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