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  • #421
  • Mar 30, 2010 12:08pm Mar 30, 2010 12:08pm
The brake of this malformed broadening top could take us to test lower TL again. Failure to close above .3420 is the first clue of this break.

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  • #422
  • Mar 30, 2010 12:19pm Mar 30, 2010 12:19pm
Quoting TheLastCoke
The brake of this malformed broadening top could take us to test lower TL again. Failure to close above .3420 is the first clue of this break.
stick to my old view ,
short E/U from1.3525 - 5th wave I think both E/u and U/chf
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  • #423
  • Mar 30, 2010 12:22pm Mar 30, 2010 12:22pm
maybe there is an ABCD here. maybe price will head lower once it hits 1.3433-1.3438 area.

oops i meant 161.8%
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  • #424
  • Mar 30, 2010 4:58pm Mar 30, 2010 4:58pm
Quoting TheLastCoke
The brake of this malformed broadening top could take us to test lower TL again. Failure to close above .3420 is the first clue of this break.

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Closed at .3424. Bulls are in the game
  • #425
  • Mar 30, 2010 5:25pm Mar 30, 2010 5:25pm
Quoting frankkn
maybe there is an ABCD here. maybe price will head lower once it hits 1.3433-1.3438 area.

oops i meant 161.8%
It just went to your level and was quicky rejected.
  • #426
  • Mar 30, 2010 5:47pm Mar 30, 2010 5:47pm
i'm so curious about harmonic patterns

the other ABCD i posted resulted in that huge 4H pin bar from the london session.

i am having trouble summing up the courage to take those trades, and i am beginning to see lots of these patterns, especially forming around long term trend lines. it just seems so strange.. you know?

well i was asleep during the pin bar, and the most recent one i was in a class. i would have opened up my laptop but i was late to class so i got a seat front and center, if you wanna have your computer open during class you cant show up late and sit front and center... i thought about a limit order in that region but i don't have enough faith in my skill
  • #427
  • Mar 30, 2010 6:02pm Mar 30, 2010 6:02pm
here is an ABCD on gbp/jpy

PRZ is around 142 give or take

i guess all i can do is try to spot them for a while, make them public so i am accountable ( you know so i don't only see the good ones and ignore the misses in my mind )

edit: daily bars
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  • #428
  • Mar 30, 2010 6:15pm Mar 30, 2010 6:15pm
Quoting frankkn
here is an ABCD on gbp/jpy

PRZ is around 142 give or take

i guess all i can do is try to spot them for a while, make them public so i am accountable ( you know so i don't only see the good ones and ignore the misses in my mind )

edit: daily bars
Frank, The CD projection should be from AB not BC.
  • #429
  • Mar 30, 2010 6:36pm Mar 30, 2010 6:36pm
Quoting TheLastCoke
Frank, The CD projection should be from AB not BC.

i may be using the wrong terminology. i "duplicated" AB and dragged it over to point C

i used my fib to get the 161.8 from B to C

"It is important to note that a .618 retracement at the C point will result in a 1.618 BC projection" harmonictrader.com
  • #430
  • Mar 31, 2010 12:49am Mar 31, 2010 12:49am
To find the three point A,B and C is not much difficult with my indicator, but what i dont undertand is the calculation of the 0.618 and the other you se on picture:
http://www.harmonictrader.com/abcdbullre.jpg
if you can show me a example how they can be calculatet then I can code a better paatern, for example when Point A is 1.3450, Point B is 1.34 and Point C is 1.3430 how would the 0.618 be calculatet, so which calulation give me the results 0.618
  • #431
  • Mar 31, 2010 2:29am Mar 31, 2010 2:29am
Quoting TheLastCoke
Closed at .3424. Bulls are in the game
This could be a bump in the road.

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  • #432
  • Mar 31, 2010 4:05am Mar 31, 2010 4:05am
Let's see how it closes. #402 #420

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  • #433
  • Mar 31, 2010 4:08am Mar 31, 2010 4:08am
Quoting TheLastCoke
This could be a bump in the road.

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Right at TL.

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  • #434
  • Mar 31, 2010 3:12pm Mar 31, 2010 3:12pm
Quoting Heino
To find the three point A,B and C is not much difficult with my indicator, but what i dont undertand is the calculation of the 0.618 and the other you se on picture:
http://www.harmonictrader.com/abcdbullre.jpg
if you can show me a example how they can be calculatet then I can code a better paatern, for example when Point A is 1.3450, Point B is 1.34 and Point C is 1.3430 how would the 0.618 be calculatet, so which calulation give me the results 0.618
select your fib
click on a
click on b
is C at 61.8 or 78.6?
then select fib tool
click on B
click on C
make sure your fib is set to display 127 and 161
if C was at 61 then you're shooting for 161 if 78 then 127

also draw a trend line from A to B, copy it, and then drag it so it extends from C

we want to see this come very close to the projected level

i usually click "edit properties" on my projection and hide all the levels but the one i'm looking for (161.8% if my AB retrace at point C was 61.8)

hope this makes sense it took me a while to get it but its one of those things thats so simple its complicated. especially the way those diagrams look
  • #435
  • Mar 31, 2010 5:50pm Mar 31, 2010 5:50pm
damn coke you got half the room here.
those who can, do. those who cant, talk about those who can
  • #436
  • Mar 31, 2010 6:48pm Mar 31, 2010 6:48pm
Quoting gatorinla
damn coke you got half the room here.
I'm gonna start stealing some of your posts to enrich my thread.
  • #437
  • Mar 31, 2010 7:02pm Mar 31, 2010 7:02pm
LC,

I hope you don't mind if I give it a shot?

If we get below the dp here are some possible targets imo where I'll look to TP anyway. I added in the daily supports in gold there but we seemed to have bounced pretty hard on the 50 fib of that down move. On the hourly and 4 hr there was no retrace whatsoever so this could be it. We also just closed an "almost pin bar" on the hourly which just barely got back up to that 50 level on the fib.

We are still above dp @ 3477 so I'll be cautious till then but come london if we go south, this is one possible path.

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  • #438
  • Mar 31, 2010 7:27pm Mar 31, 2010 7:27pm
Quoting uraceulose
LC,

I hope you don't mind if I give it a shot?

If we get below the dp here are some possible targets imo where I'll look to TP anyway. I added in the daily supports in gold there but we seemed to have bounced pretty hard on the 50 fib of that down move. On the hourly and 4 hr there was no retrace whatsoever so this could be it. We also just closed an "almost pin bar" on the hourly which just barely got back up to that 50 level on the fib.

We are still above dp @ 3477 so I'll be cautious till then but come london if we go south, this is...
This is the way I see it. .3450 is a decent retracement (38.2%) to make a perfect HL + it is also the major support but I don't discard .3379 as the line in the sand.

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  • #439
  • Apr 1, 2010 5:59am Apr 1, 2010 5:59am
E/C Bullish Crab.

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  • #440
  • Apr 1, 2010 6:45am Apr 1, 2010 6:45am
Quoting TheLastCoke
This is the way I see it. .3450 is a decent retracement (38.2%) to make a perfect HL + it is also the major support but I don't discard .3379 as the line in the sand.

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malc had that area too. im watching.. but 2008 says be aware of 3566. so it comes down to which one is the stronger.
those who can, do. those who cant, talk about those who can
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