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Making Bank: The Harmonic rhythm of the market

  • #181
  • Jun 14, 2013 2:40pm Jun 14, 2013 2:40pm
Hi CNTrader, Thanks for all the educational charts. How many pairs/time frames do you usually watch?
  • #182
  • Jun 14, 2013 3:24pm Jun 14, 2013 3:24pm
Using the same lines, but different angle for figuring the PRZ, AUDUSD should go further up, and lightly test the top (if it plans to go down anyways).

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  • #183
  • Jun 14, 2013 6:10pm Jun 14, 2013 6:10pm
Quoting CNTrader
{quote} OK cool at least you learned something well done. I would tweak your trade plan slightly without knowing the details of it entirely and suggest that in regards to the TL that should tell you something. Again I dont want to turn this thread into a training thread so all I will say is, if you are putting your stops at a TL you are just begging the dealer to hit it. How often do you see a TL get a false Break then rip in the other direction. Trend lines get violated and tested all the time without it being able to sustain....
Fair point on the TL stop, but for a pattern such as a Gartley placing a stop above the X (for this trade we're talking about) is good enough risk for me IF I had taken it again . I wouldn't risk more than I could swallow. Other times if the risk (pips) is too much, I will drill down to smaller tf for better entry and exits. So not all gartley patterns traded exactly the same. Besides every trader is different even if you have the same set of rules, you tweet them to your personality. It's working so far, why fix something that is not broken...right??(statement, not question..lol)...
  • #184
  • Jun 15, 2013 4:51am Jun 15, 2013 4:51am
EURCAD seems to be moving harmonically of late.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #185
  • Jun 15, 2013 5:26am Jun 15, 2013 5:26am
Quoting Mr. Scott
EURCAD seems to be moving harmonically of late. {image}

I agree I have 4 limit orders waiting to get triggered.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #186
  • Jun 15, 2013 8:26am Jun 15, 2013 8:26am
Hello everybody. Im new in here and im still learning the forex world.

I just realize that maybe i took a bad buy entry on this pair, any toughts? should i close it or wait and see if it goes up again?

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Btw, i found this thread amazing.
  • #187
  • Edited 9:40am Jun 15, 2013 8:41am | Edited 9:40am
I love my analysis Now i predict it will go down and be at a low at the exact date i predicted it would be at a high! lols.... well in any case my analysis will now always be consistent because now i have rules (well... almost there) for each skill involved.

On the positive side. I predict a completion of a 61.8 abcd pattern which makes much more sense to me. bwahahaha atleast the dates are the same!


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edit: as we can see, moving down to the lower daily timeframe provides similar analysis. as long as it goes up to the price on monday - tuesday, i am happy and I will buy a put on this stock down to ~$15....

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  • #188
  • Jun 16, 2013 3:23pm Jun 16, 2013 3:23pm
Quoting CNTrader
Hey Traders here is some Harmonic analysis I'm currently involve in. Last chart of the week for me. Make a fantastic weekend!! {image} Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank
Hey Traders hope you all had a fantastic weekend. Target 1 attained on Gbp/Jpy

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FYI UJ and EJ also have the same pattern formations on the 15m -1hr TF


Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #189
  • Jun 16, 2013 3:24pm Jun 16, 2013 3:24pm
Quoting biDc
Hi CNTrader, Thanks for all the educational charts. How many pairs/time frames do you usually watch?
I usually scan through about 16 pairs and trade multiple TF.
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #190
  • Jun 16, 2013 3:26pm Jun 16, 2013 3:26pm
Quoting liemo
{quote} Fair point on the TL stop, but for a pattern such as a Gartley placing a stop above the X (for this trade we're talking about) is good enough risk for me IF I had taken it again . I wouldn't risk more than I could swallow. Other times if the risk (pips) is too much, I will drill down to smaller tf for better entry and exits. So not all gartley patterns traded exactly the same. Besides every trader is different even if you have the same set of rules, you tweet them to your personality. It's working so far, why fix something that is not broken...right??(statement,...


Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #191
  • Jun 16, 2013 7:36pm Jun 16, 2013 7:36pm
Quoting CNTrader
{quote} Hey Traders hope you all had a fantastic weekend. Target 1 attained on Gbp/Jpy {image} FYI UJ and EJ also have the same pattern formations on the 15m -1hr TF Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank

Yes been watching similar setups on the yen pairs.

However, would you mind elaborating on your Gartley rules?

My understanding is B has to be 61.8 amd D should be 78.6. I understand different people have different rules.

In fact, was watching this pattern on GJ. but ended up not taking it as it pierced 78.6. Did take UJ as it has a butterfly as support.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #192
  • Jun 16, 2013 8:43pm Jun 16, 2013 8:43pm
Quoting Mr. Scott
{quote} Yes been watching similar setups on the yen pairs. However, would you mind elaborating on your Gartley rules? My understanding is B has to be 61.8 amd D should be 78.6. I understand different people have different rules. In fact, was watching this pattern on GJ. but ended up not taking it as it pierced 78.6. Did take UJ as it has a butterfly as support.
Hey Scott, no I won't elaborate on my rules as I think its necessary for everyone to develop their own based on their own research and development. I think its great that you have your own and have had the discipline to either enter or avoid trades based on whether they meet your criteria. I will say this however for me, in this particular trade set up and decision to enter, a piercing through is absolutely irrelevant to me. If you look at my chart more carefully you can probably see multiple reasons for getting involved as I have somewhat spelled it out lol. Also why not scroll up to a 1hr TF and have a look their as well. Remember price behavior along with a confluence of other things is what gets me involved in a trade. So I won't just give you the answer but I will encourage you to look a little more carefully to find the answer. Please refer back to post 1 of the thread for what this thread is not meant to be. I hope this helps and that you are not offended. You have been a great contributor and hope you will continue to stop by and contribute.

Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #193
  • Jun 16, 2013 9:14pm Jun 16, 2013 9:14pm
Quoting CNTrader
{quote} Hey Scott, no I won't elaborate on my rules as I think its necessary for everyone to develop their own based on their own research and development. I think its great that you have your own and have had the discipline to either enter or avoid trades based on whether they meet your criteria. I will say this however for me, in this particular trade set up and decision to enter, a piercing through is absolutely irrelevant to me. If you look at my chart more carefully you can probably see multiple reasons for getting involved as I have somewhat...

Ok thanks for the reply. I do understand why you took the trade and I almost did. Just curious on your Gartley rules as they seem different but I also understand page 1.

I did take the UJ trade which has a similar set up but better structure imo.

Keep up the good work.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #194
  • Jun 17, 2013 5:45am Jun 17, 2013 5:45am
GM Traders, target 2 attained over night. This week should be interesting and dangerous all in one. High impact news events on wednesday that could and probably will set the stage for the USD for the summer months. So needless to say exercise caution.


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Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #195
  • Jun 17, 2013 8:20am Jun 17, 2013 8:20am
18 pips for the day, its OK. Im most excited by my rules which are quickly becoming consistent as I start defining everything i use ....

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  • #196
  • Jun 17, 2013 9:48am Jun 17, 2013 9:48am
Hey Traders here is a little something I have my eyes on:

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Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #197
  • Jun 17, 2013 9:55am Jun 17, 2013 9:55am
Quoting CNTrader
Hey Traders here is a little something I have my eyes on: {image} Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank

BTW Eur/Aus has same set ups. Pick one lol

Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #198
  • Jun 17, 2013 1:47pm Jun 17, 2013 1:47pm
I'm looking at this on A/U
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  • #199
  • Jun 17, 2013 2:23pm Jun 17, 2013 2:23pm
several shorts on EC Bearish Gartley
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In trading, you have to be defensive and aggressive at the same time
  • #200
  • Jun 17, 2013 6:06pm Jun 17, 2013 6:06pm
possible buy into BLGX once it pulls back a bit? Its a bio company thats solving balding issues

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