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  • #341
  • Mar 19, 2010 1:37pm Mar 19, 2010 1:37pm
Hello LastCoke,

-which formations are you like most?
-in wich timeframes can they be used best, also in smaller like 1-5 min chart?
-how much month or years are you experience with this formations?

thanks for any answer.
  • #342
  • Mar 19, 2010 7:01pm Mar 19, 2010 7:01pm
Quoting Heino
Hello LastCoke,

-which formations are you like most?
-in wich timeframes can they be used best, also in smaller like 1-5 min chart?
-how much month or years are you experience with this formations?

thanks for any answer.
Take this in considaration:
1. The market moves in waves
2. The waves can be measure in %'s by fibos
3. Harmonics are drawn by fibos

This is why this patterns are easily found.
I find patterns to be very reliable in 15M TF and bigger.

Have a good weekend.
  • #343
  • Mar 19, 2010 7:11pm Mar 19, 2010 7:11pm
At the beginning of a new trend a powerful contrarian candle is usually found. See some examples.

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  • #344
  • Mar 20, 2010 10:13pm Mar 20, 2010 10:13pm
Lots of honey required to keep droping.

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  • #345
  • Mar 20, 2010 10:51pm Mar 20, 2010 10:51pm
Here is a good post I stole from EU Redux General Discussion

#3067
  • #346
  • Mar 21, 2010 5:18am Mar 21, 2010 5:18am
Hello LastCoke,

have you experience with this picture:

http://www.harmonictrader.com/abcdbullre.jpg

how can i calculate the 0.618 from Point A to C, what for a calculation give me the value, can you make a example calculation when for example the Point A is 1.3550 and Point C is 1.3530
  • #347
  • Mar 21, 2010 9:15am Mar 21, 2010 9:15am
The EUR/USD weekly chart shows that last week is represented by a nasty bear candle, but also that price is still well within the range it has been in for weeks now. Undecided.

Attached Image (click to enlarge)
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The daily chart however shows that price broke below a large wedge, which is a continuation pattern and suggests further weakness to come.

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And the hourly chart shows that the fork I showed a few times during the week successfully predicted the low of the week! As price now reached the lower line, I would expect price to (try to) retest the median line.

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  • #348
  • Mar 21, 2010 9:17am Mar 21, 2010 9:17am
Quoting Hell7
The EUR/USD weekly chart shows that last week is represented by a nasty bear candle, but also that price is still well within the range it has been in for weeks now. Undecided.

Attachment

The daily chart however shows that price broke below a large wedge, which is a continuation pattern and suggests further weakness to come.

Attachment

And the hourly chart shows that the fork I showed a few times during the week successfully predicted the low of the week! As price now reached the lower line, I would expect price...
Do you have an estimate for the median line?
  • #349
  • Mar 21, 2010 9:18am Mar 21, 2010 9:18am
The weekly chart of the AUD/USD shows that this week is represented by a doji, which could mean that price is ready to reverse.

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And the daily charts shows .. well .. nothing much new

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  • #350
  • Mar 21, 2010 9:22am Mar 21, 2010 9:22am
Quoting TheLastCoke
Do you have an estimate for the median line?
No But somewhere around the NY close tomorrow that median line intersects the previous lows at 1.3580.
  • #351
  • Mar 21, 2010 9:25am Mar 21, 2010 9:25am
Quoting Heino
Hello LastCoke,

have you experience with this picture:

http://www.harmonictrader.com/abcdbullre.jpg

how can i calculate the 0.618 from Point A to C, what for a calculation give me the value, can you make a example calculation when for example the Point A is 1.3550 and Point C is 1.3530
See some examples, #2 #4 #19 #32 #75 #86 #90 #112. It is shown how they were drawn. Note the 0% and 100% levels so you can grab a better idea how is done.
  • #352
  • Mar 21, 2010 9:31am Mar 21, 2010 9:31am
Quoting Hell7
No But somewhere around the NY close tomorrow that median line intersects the previous lows at 1.3580.
I expect a 61.8% retracement. (around .3680-.3700)
  • #353
  • Mar 21, 2010 9:33am Mar 21, 2010 9:33am
Quoting TheLastCoke
I expect a 61.8% retracement. (around .3680-.3700)
That would be the upper line of the fork, which I would welcome as I took a (very small) long over the weekend after having cashed in my shorts
  • #354
  • Mar 21, 2010 9:48am Mar 21, 2010 9:48am
Quoting Hell7
That would be the upper line of the fork, which I would welcome as I took a (very small) long over the weekend after having cashed in my shorts
.
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  • #355
  • Mar 21, 2010 9:55am Mar 21, 2010 9:55am
Quoting TheLastCoke
.
Now add the backtest of the lower line of that wedge to the mix, and we see that all 3 intersect to the pip!
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  • #356
  • Mar 21, 2010 10:07am Mar 21, 2010 10:07am
Quoting Hell7
Now add the backtest of the lower line of that wedge to the mix, and we see that all 3 intersect to the pip!
Why not adding some resistance.

Let it work like a ''huge repellent magnet''.

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(So we can ride it both ways)
  • #357
  • Mar 22, 2010 8:57am Mar 22, 2010 8:57am
Closing below the white line will show the bear intetions to get out of this range.

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  • #358
  • Mar 22, 2010 10:13am Mar 22, 2010 10:13am
Nice candle and powerful rejection at parallel channel.

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  • #359
  • Mar 22, 2010 10:56am Mar 22, 2010 10:56am
You'll have to watch out TLC - you're becoming a legend in your own lunchtime.

You've obviously got a good eye for these... When you point that out suddenly it seems obvious what's happening (most likely).

Appreciate your posts/charts.

David
  • #360
  • Mar 22, 2010 12:54pm Mar 22, 2010 12:54pm
Quoting d-Squared
You'll have to watch out TLC - you're becoming a legend in your own lunchtime.

You've obviously got a good eye for these... When you point that out suddenly it seems obvious what's happening (most likely).

Appreciate your posts/charts.

David
Thank you buddy. I was just the parallel channel staring from the top.
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