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Making Bank: The Harmonic rhythm of the market

  • #341
  • Jul 12, 2013 4:17am Jul 12, 2013 4:17am
nice ride to the upside...its time to go down GOLD USD
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  • #342
  • Jul 12, 2013 5:17am Jul 12, 2013 5:17am
Noooo its still bullish lol atleast I hope it is...
  • #343
  • Jul 12, 2013 5:27am Jul 12, 2013 5:27am
Quoting Starry
Noooo its still bullish lol atleast I hope it is...
i would love to see your chart for a bull.....actually my anticipation is down to levels 1st about 1000 and then down to about 800 and then the bulls are going come crashing through the china porcelain shop... ......if my EW count is right then we are in 4th wave....and the structure is still developing.
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choose a job you love and you will never have to work a day in your life
  • #344
  • Jul 12, 2013 7:20am Jul 12, 2013 7:20am
Quoting FineForex
monitoring edit.. 3rd chart is up close update, trend line and support broken .. +20 stops @ BE+5 {image} {image} {image}

news at 8:30 while compression into demand zone

lets go
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  • #345
  • Edited 8:00am Jul 12, 2013 7:50am | Edited 8:00am
Quoting ewgcorp
{quote} i would love to see your chart for a bull.....actually my anticipation is down to levels 1st about 1000 and then down to about 800 and then the bulls are going come crashing through the china porcelain shop... ......if my EW count is right then we are in 4th wave....and the structure is still developing. {image}
k lol.... i think silver (edit: well, SLW) still needs to get to around 23 before that happens, with a possible target of 24. Therefore gold is also bullish. I dont have a chart... well see whos right

anyways, if you're counting waves, wave 2 was actually a deep retracement to 61.8, so wave 4 should be shallow. also wave 3 is too short, it is only the 113 extension of the very low. hmm... wait i guess you're not doing daily, nvm....

edit: basically, im expecting a spike up with a gap up on monday to finish this swing. yesterdays bar was very bullish. the 38.2% retracement of structure is at 23.19, so im aiming for 23....

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  • #346
  • Jul 12, 2013 8:36am Jul 12, 2013 8:36am
Quoting liemo
{quote} Does it for me. There is a 7 day free trial period if you are interested.
What is your data feed? Does it take in datafeed from Interactive broker?
  • #347
  • Jul 12, 2013 8:45am Jul 12, 2013 8:45am
Quoting makefortune
{quote} What is your data feed? Does it take in datafeed from Interactive broker?
mines fxcm..it does have IB.
  • #348
  • Jul 12, 2013 1:43pm Jul 12, 2013 1:43pm
Quoting Starry
{quote} k lol.... i think silver (edit: well, SLW) still needs to get to around 23 before that happens, with a possible target of 24. Therefore gold is also bullish. I dont have a chart... well see whos right anyways, if you're counting waves, wave 2 was actually a deep retracement to 61.8, so wave 4 should be shallow. also wave 3 is too short, it is only the 113 extension of the very low. hmm... wait i guess you're not doing daily, nvm.... edit: basically, im expecting a spike up with a gap up on monday to finish this swing. yesterdays bar was...
I agree with about silver. 1st target fib 61%
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  • #349
  • Jul 12, 2013 4:20pm Jul 12, 2013 4:20pm
Is this a valid shark? (bearish EUR/AUD 1H)
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  • #350
  • Jul 12, 2013 8:41pm Jul 12, 2013 8:41pm
Welcome back unclezoot. I am not sure whether its a shark or not as this is not part of my thought process, however I am in this trade(ROW told me too ). My stop is at 4500. its pretty close to my stops, but according to harmony it should be at its weakest point, but overall strength is up and row and I are playing with fire shorting down to 4180-4130 level. Down 44pips on 1 so far. Just working harmony. I'm stop out or profit

Row: still in it?
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Empower Your Mind
  • #351
  • Jul 12, 2013 10:52pm Jul 12, 2013 10:52pm
Quoting unclezoot
Is this a valid shark? (bearish EUR/AUD 1H) {image}

The C leg that you have completing at 1.83860 should not exceed 1.618 extension of AB leg.
  • #352
  • Jul 13, 2013 12:06pm Jul 13, 2013 12:06pm
Quoting vqtrader
Welcome back unclezoot. I am not sure whether its a shark or not as this is not part of my thought process, however I am in this trade(ROW told me too ). My stop is at 4500. its pretty close to my stops, but according to harmony it should be at its weakest point, but overall strength is up and row and I are playing with fire shorting down to 4180-4130 level. Down 44pips on 1 so far. Just working harmony. I'm stop out or profit Row: still in it? {image}
Yes I am still in......Watching price behavior at this current location.
  • #353
  • Jul 13, 2013 1:43pm Jul 13, 2013 1:43pm
Quoting ewgcorp
{quote} I agree with about silver. 1st target fib 61%

unfortunately, silver and gold is positively correlated so one of us has to be wrong if one goes up, then the other one does also, though they go up differently percentage-wise. may the best analysis win! (though i do think it might go down, but i don't think the high is quite in yet)
cheers

edit: i actually use a custom tool i programmed (fibonacci circle + tangent s/r lines), and according to that the current high is significant, but I think there is an even more significant high higher up. I think this is a continuation move where it pauses and goes on
  • #354
  • Jul 13, 2013 1:52pm Jul 13, 2013 1:52pm
Quoting vqtrader
Welcome back unclezoot. I am not sure whether its a shark or not as this is not part of my thought process, however I am in this trade(ROW told me too ). My stop is at 4500. its pretty close to my stops, but according to harmony it should be at its weakest point, but overall strength is up and row and I are playing with fire shorting down to 4180-4130 level. Down 44pips on 1 so far. Just working harmony. I'm stop out or profit Row: still in it? {image}
Nice, I'm in this one too at pretty much the same levels as you (L: 1.439, SL:1.449, TP: 1.426).
(Thanks for the feedback liemo)

By the way, did you see where that bearish Gartley I posted midweek ended up in the end?
I'm not listening to you anymore! Seriously though, I only had a single trade open on that one (44 pips), and even if I had say 3 open (TP1: 38.2%CD, TP2: 62%CD, TP3: lower) and trade management, I'm not convinced I would have had a strategy enabling me to progressively lower stops based on fibonacci.

i.e. I probably would have chickened out and taken the profit at the lower A leg I think

Any thoughts on stop losses generally?
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  • #355
  • Jul 13, 2013 2:37pm Jul 13, 2013 2:37pm
haha.Harmony told me price went up to my target area I posted on that chart from last week , it did then it drop GOOD. I was exhausted and I forgot set my limit order and I was kicking myself, that next morning but other trades oh well.

We'll get'em next week. payback time. back to work have a good weekend traders
Empower Your Mind
  • #356
  • Jul 14, 2013 3:28pm Jul 14, 2013 3:28pm
Quoting liemo
{quote} The C leg that you have completing at 1.83860 should not exceed 1.618 extension of AB leg.
If you meant the EUR/AUD potential shark, the final leg reached 1.4476 whilst 113% of first leg (AB) is 1.4465.
So it's exceeded it by 11 pips - is that significant enough to call it a shark fail I wonder?
Guess we'll find out in the next few days...
  • #357
  • Jul 14, 2013 8:06pm Jul 14, 2013 8:06pm
found this crab late but still large potential
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  • #358
  • Jul 14, 2013 10:32pm Jul 14, 2013 10:32pm
A little foreshadowing on my(row) EUR/AUD 4hr trade. if it gets to our TP area then I will buy in the harmony area with a TP of 1.4840-1.4920(700 pips ).
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  • #359
  • Edited 11:05am Jul 15, 2013 10:47am | Edited 11:05am
Wheres everyone at?! lets get this market

my perception of eur/usd. currently short @ 47 ... would like to take it to 1.3000 but am ready for this pattern completion and reversal.

........and stopped out 40 pip up bar just invalidated everything........
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  • #360
  • Jul 15, 2013 3:23pm Jul 15, 2013 3:23pm
NZD/USD M15: tenuous deep bearish crab?
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