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Making Bank: The Harmonic rhythm of the market

  • #281
  • Jul 4, 2013 6:06pm Jul 4, 2013 6:06pm
hi Harmonic Traders.

please be so kind to refer to the attached. I am not confident of my current analysis. is it correct as far as harmonic ratio's and rules are concerned.

thanking you for your kind support,

BW
EW
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choose a job you love and you will never have to work a day in your life
  • #282
  • Jul 5, 2013 6:42am Jul 5, 2013 6:42am
Quoting unclezoot
liemo, what charting software are you using? I'm on OSX using TradeInterceptor (if you're interested) and thinking about moving to something more harmonic trading centric. Thanks in advance! On a separate note, I've been killed this week by trading Gartleys with SL's too close to X (GBP/AUD) From now on, I'm paper trading the next 5 with initial stop at 113%XA!
I use Ensign Software, here's the link for the charting progam: http://www.ensignsoftware.com/. The tools on my platform does what I need and is very easy for me to use. Thanks for the offer though.
  • #283
  • Jul 5, 2013 6:45am Jul 5, 2013 6:45am
GM traders,

Target 3 attained for a nice healthy 450 pips. Congrats to anyone who traded this one and had the patience to let her run for about 2 weeks. Love those daily charts too lol

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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!!!!
  • #284
  • Jul 5, 2013 9:03am Jul 5, 2013 9:03am
Quoting CNTrader
GM traders, Target 3 attained for a nice healthy 450 pips. Congrats to anyone who traded this one and had the patience to let her run for about 2 weeks. Love those daily charts too lol {image} Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank

Nice, watching for another potential set up now.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #285
  • Jul 5, 2013 9:52am Jul 5, 2013 9:52am
short UC 6,55
key extension reached 161.8
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In trading, you have to be defensive and aggressive at the same time
  • #286
  • Jul 7, 2013 9:57am Jul 7, 2013 9:57am
Quoting Mr. Scott
{quote} Nice, watching for another potential set up now. {image} {image}
Watching this pair now. Seeing multiple fib confluence on daily too.
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  • #287
  • Jul 7, 2013 10:32am Jul 7, 2013 10:32am
Quoting liemo
{quote} Watching this pair now. Seeing multiple fib confluence on daily too. {image}

EURCAD too.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #288
  • Jul 7, 2013 5:56pm Jul 7, 2013 5:56pm
hello traders,

Let's watch how CAD building permits news move this pair tomorrow morning!
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  • #289
  • Jul 8, 2013 4:51am Jul 8, 2013 4:51am
Short A/J @ 91.98
SL @ 92.23 (25 pips)
T1 @ 91.59 (39 pips)
T2 @ 90.98 (100 pips)
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  • #290
  • Jul 8, 2013 6:01am Jul 8, 2013 6:01am
Anyone watching this?
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  • #291
  • Jul 8, 2013 9:10am Jul 8, 2013 9:10am
Quoting liemo
{quote} I use Ensign Software, here's the link for the charting progam: http://www.ensignsoftware.com/. The tools on my platform does what I need and is very easy for me to use. Thanks for the offer though.
Dear Liemo,

if I may ask your opinion of ensignsoftware? do you have good success with the software?

best wishes,
EW
choose a job you love and you will never have to work a day in your life
  • #292
  • Jul 8, 2013 9:22am Jul 8, 2013 9:22am
Quoting gristar
Anyone watching this? {image}
Hi Gristar,

I am watching GOLD$. actually, (daily, weekly and 4h) I am short expecting price to go down to about $1000oz, at which point I plan to sell and become bullish. is she continues to bleed then I will hold and double up at $800 there after SL at 700.

what are your views?

bw
ew
choose a job you love and you will never have to work a day in your life
  • #293
  • Jul 8, 2013 9:29am Jul 8, 2013 9:29am
I was aiming for the level $1000 for buy entry too. I have been reading people analysis and many are looking at the level of $1000. I heard from a friend the producer cost is around $920+ . So I guess it is good entry point starting from $1000 and adding up position if it continue going down for long term hold.
  • #294
  • Jul 8, 2013 9:43am Jul 8, 2013 9:43am
Quoting liemo
Short A/J @ 91.98 SL @ 92.23 (25 pips) T1 @ 91.59 (39 pips) T2 @ 90.98 (100 pips) {image}

Trade got stopped out
  • #295
  • Jul 8, 2013 9:58am Jul 8, 2013 9:58am
Quoting gristar
I was aiming for the level $1000 for buy entry too. I have been reading people analysis and many are looking at the level of $1000. I heard from a friend the producer cost is around $920+ . So I guess it is good entry point starting from $1000 and adding up position if it continue going down for long term hold.
agree with your friend. about 1/3 of gold in the world has come from South Africa. this mornings AMPLATS closed 2 mines in South Africa (mothballed) since illegal strikes and demands for salary increase ranging from 60-100%. then their is major energy shortage (this is a global problem). I stand to be corrected in SA the break even costs currently are at about $957/oz.

Global CASH production costs:
North America: $598oz
South America: $710oz
EU: $669/oz
ASIA: $824oz
Australia: $715oz
choose a job you love and you will never have to work a day in your life
  • #296
  • Jul 8, 2013 11:23am Jul 8, 2013 11:23am
15 MIN bearish AB=CD audjpy
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  • #297
  • Jul 8, 2013 2:43pm Jul 8, 2013 2:43pm
Quoting liemo
{quote} Trade got stopped out
Liemo, did you figure the 0.707 retracement meant a valid bat?
Have never used that fib before but seems to be going my way for now.
(my stop is much higher at 92.4 as I just got barely stopped out on the last bat I traded, also, the MACD suggests a good chance of divergence)
  • #298
  • Jul 8, 2013 6:06pm Jul 8, 2013 6:06pm
1hr aussie
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  • #299
  • Jul 9, 2013 1:21am Jul 9, 2013 1:21am
Gartley not working out well
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  • #300
  • Jul 9, 2013 5:09am Jul 9, 2013 5:09am
Liemo, think your Gartley/Bat on the AUD/JPY may have turned into a bearish Crab?
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