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Harmonic and Classic Patterns

  • #221
  • Dec 21, 2011 5:24am Dec 21, 2011 5:24am
Could u please foxmehrabi post some of ur harmonics trade and why u choose it technically and fundamentally. Thanks in advance
  • #222
  • Dec 21, 2011 6:12am Dec 21, 2011 6:12am
Hi Ziko9o8

Thanks for replying. I don't understand why it's a weak trade. Bullish gartley formed in the past already and the price went well above it now. Can we not forget about gartley and focus on new potential formations now?

Quoting Ziko9o8
Sorry for the short answer bolo,because I have to eat. First thing the pattern u are trading on is weak, Why? -Because there is a bullish gartley on H4 which is anti to H1 (bearish) so don't take that trade and that's what happened it collapses in US session.

I prefer to enter and exit on around number I notice 25 - 50 - 75 -100 and pcp Why? because I'm afraid of news to take my profit and we are on December (where ever ur stops it will be eaten)
  • #223
  • Dec 21, 2011 6:23am Dec 21, 2011 6:23am
The strong harmonic pattern must be supported be another pattern on another time frame look at H1 NZD/USD from today, you will find a bearish gartely supported by M30 bearish butterfly that is a combo pattern in direction of EUR/USD down so take that trade and you would have a nice 50 pop.

- But if you see a conflict between say H4 and H1 don't take that trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: m30 nzdusd.gif Size: 23 KB
Click to Enlarge Name: h1 nzdusd.gif Size: 28 KB
  • #224
  • Dec 21, 2011 11:59pm Dec 21, 2011 11:59pm
Quoting Ziko9o8
Could u please foxmehrabi post some of ur harmonics trade and why u choose it technically and fundamentally. Thanks in advance
this is a trade im in. on the usdjpy H1 its a bearish shark. i only trade the patterns if their are clear signs of support/resistance. and this one qualifies for me. clear resistance at 78.157. i expect the price to go down to the 50% fib level. the reason i like the shark is that you can take more trades off it as it changes. i have a tight 10pip stop and looking for a 20pip profit. this qualifies for my risk reward of 1:2

I hear you about the december slowdown. with all the euro hulaballoo its a bit precarious to trade anything with euro in it. seen a lot patterns fail with that.

crabs, bats and sharks are my friends. not so keen on the gartley or buttefly as they can change into other things and knock out your stop.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot 2.jpg Size: 137 KB
  • #225
  • Dec 22, 2011 5:56am Dec 22, 2011 5:56am
Ah well, stopped out on this one. Typical for december with the holiday n all, a lot of bouncing about and patterns not fulfilling themselves properly. this is it for me for a couple of weeks until things start cooking again in the first week of january. have a good holiday..
  • #226
  • Dec 22, 2011 6:21am Dec 22, 2011 6:21am
Thanks foxmehrabi and enjoy ur holiday .
  • #227
  • Jan 1, 2012 10:58am Jan 1, 2012 10:58am
GOLD :

http://up98.org/upload/server1/01/z/...du4h0tpn44.gif

http://up98.org/upload/server1/01/z/...96ols5jy17.gif
  • #228
  • Jan 2, 2012 5:59am Jan 2, 2012 5:59am
If any one has an idea why this pattern failed, please reply. Thanks in advance
Attached Image (click to enlarge)
Click to Enlarge Name: m 15 eurjpy.gif Size: 30 KB
  • #229
  • Jan 2, 2012 6:25am Jan 2, 2012 6:25am
just my imho : she broke the trend line and trigger line ( in term pitchfork channel )
Quoting Ziko9o8
If any one has an idea why this pattern failed, please reply. Thanks in advance
not euphoria follower
  • #230
  • Jan 2, 2012 7:05am Jan 2, 2012 7:05am
- Could u please draw ur trend line and pitchfork, so I could understand what do u mean and how does it effect a harmonic pattern?

- Btw, What do u mean by imho?

- Thanks.
  • #231
  • Jan 2, 2012 7:21am Jan 2, 2012 7:21am
1. i did not trade ej but i tried to draw the trigger line using your chart + i dont have indi that u use
==> http://stockcharts.com/school/data/m...w-5-cienup.png

2. imho : in my humble opinion


Quoting Ziko9o8
- Could u please draw ur trend line and pitchfork, so I could understand what do u mean and how does it effect a harmonic pattern?

- Btw, What do u mean by imho?

- Thanks.
Attached Image
not euphoria follower
  • #232
  • Jan 2, 2012 7:30am Jan 2, 2012 7:30am
Thanks iqyu5an, but are u know anything about harmonics u could tell about and if u want the harmonic indicator that i use, I could upload to u.
  • #233
  • Jan 2, 2012 7:32am Jan 2, 2012 7:32am
you're welcome but i am just learning also bro

are u using zup ? i am using it also but maybe different version that's russian based right ?


Quoting Ziko9o8
Thanks iqyu5an, but are u know anything about harmonics u could tell about and if u want the harmonic indicator that i use, I could upload to u.
not euphoria follower
  • #234
  • Jan 2, 2012 7:54am Jan 2, 2012 7:54am
I've used so many indicators, but it all has failed, you can't depend on it for the long term, but harmonics its been used since 1935 (gartley make it happen) u can depned on it for short, long terms.

- But the problem is if the pattern is strong & which level we will use, u can find on a daily chart a PRZ of 450 pips for example.

- Here u go Zup English not Russian and its info.
Attached File(s)
File Type: mq4 ZUP_v92 alert ENGLAND.mq4   421 KB | 1,704 downloads
File Type: mq4 WRR_ZUP_INFO_v02.mq4   28 KB | 1,428 downloads
  • #235
  • Jan 2, 2012 8:08am Jan 2, 2012 8:08am
Here is mine version 103 ( include new pattern, shark ) and version v76 ( incl 5 pattern )

info shark & 5 pattern :
http://www.trade-forex-harmonic-patt...ips-shark.html


Quoting Ziko9o8
I've used so many indicators, but it all has failed, you can't depend on it for the long term, but harmonics its been used since 1935 (gartley make it happen) u can depned on it for short, long terms.

- But the problem is if the pattern is strong & which level we will use, u can find on a daily chart a PRZ of 450 pips for example.

- Here u go Zup English not Russian and its info.
Attached File(s)
File Type: ex4 ZUP_v103.ex4   487 KB | 1,655 downloads
File Type: ex4 ZUP_v76_5-0_mod.ex4   304 KB | 1,512 downloads
not euphoria follower
  • #236
  • Jan 2, 2012 8:15am Jan 2, 2012 8:15am
- Thanks iqyu5an for v103. But:-

1) Is it gives us an English alert?

2) Is fast enough in detecting patterns because I'll open it on 20 charts for example?

3) Do u use both 103 and 76 together and Why?
  • #237
  • Jan 2, 2012 8:18am Jan 2, 2012 8:18am
1) yes
2) 20 chart ? dunno ...no comment ..never try dude
3) 2 head better than 1 head , hope u got my point ( look at the chart below, there is 2 "bullish" pattern . but i did not enter for long coz i am looking D around 0.8 - 0.7 or 1.27 of XA. for this purpose i add another fibo indi )
Quoting Ziko9o8
- Thanks iqyu5an for v103. But:-

1) Is it gives us an English alert?

2) Is fast enough in detecting patterns because I'll open it on 20 charts for example?

3) Do u use both 103 and 76 together and Why?
Attached Image (click to enlarge)
Click to Enlarge Name: 2012pvj3.gif Size: 22 KB
not euphoria follower
  • #238
  • Jan 2, 2012 8:32am Jan 2, 2012 8:32am
2) take eur/usd I open it on M15, M30 and H1. If u do that on the dollar pairs or less than 4 pips spread u will have more charts.

- Take to day, for example there is only one pattern form this huge number of charts and it failed on eur/jpy and now on idiot just dropped kiwi 22 pips against him self (bullish butterfly).
Attached Image (click to enlarge)
Click to Enlarge Name: m 15 kiwi.gif Size: 31 KB
  • #239
  • Jan 2, 2012 8:42am Jan 2, 2012 8:42am
- Could u believe it I don't have that pattern om my chart (it can't detect it), I will use v 103.
Attached Image (click to enlarge)
Click to Enlarge Name: m 30 cable.gif Size: 24 KB
  • #240
  • Jan 2, 2012 8:45am Jan 2, 2012 8:45am
depend on the setting of the zigzag parameter bro.

well ...sorry gonna off coz it's midnight in my time at the moment.

c ya later bro ...




Quoting Ziko9o8
- Could u believe it I don't have that pattern om my chart (it can't detect it), I will use v 103.
not euphoria follower
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