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Making Bank: The Harmonic rhythm of the market

  • #641
  • Dec 18, 2013 1:38pm Dec 18, 2013 1:38pm
Quoting CNTrader
{quote} Update: Target 1 attained on the Gartley {image} This Popcorn is making me thirsty Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Update: Target 2 attained on second entry at Gartley and Target 1 attained at 1st entry this morning on the AB=CD. I have rolled stops on both to Break even. With that may everyone enjoy their popcorn and the rest of their week


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Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #642
  • Edited 7:42pm Dec 18, 2013 7:14pm | Edited 7:42pm
Hey Traders here is a look at the Eur/Cad weekly chart. Its possible that if the USD begins to strengthen the Cad could too as often times they get stronger and weaker together as a result of their tight nit trade agreements. So even though we may not see Usd/ Cad provide a shorting opportunity like some other Cad pairs may, although today was quite fun lol, if the Euro starts to weaken then this pair could get quite fun in my opinion. Well enough of the fundi mumbo jumbo here is a look at a potential technical and Harmonic opportunity to take advantage of that possible scenario.


Attached Image (click to enlarge)
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Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #643
  • Dec 18, 2013 7:36pm Dec 18, 2013 7:36pm
Quoting CNTrader
{quote} No problem happy to have you join us. Agree with thoughts on the commodity currencies in general when there is correlation. Nice thing though is pips banked and stops rolled regardless lol. Looks as if your pattern recognition could use a little sharpening but I think you get the jist. Also currently short EU too, my 1st target is hit and here are a couple of other scenarios I'm watching although I do believe we will see the beginning of a bigger trend to the downside in the Euro but time will tell of course. In the meantime this is just...
OK Traders here is the update on the Eur/Usd trade set ups:

The Bullish Bat pattern was removed as price violated what would have been point A of the pattern In regards to the other two bearish patterns that Triggered here is an updated look. Target 2 was attained on the bearish shark (smaller pattern) and remains to be attained on the bearish Bat (larger pattern). I have rolled stops to Break even on both opportunities.


Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd.gif Size: 46 KB



Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #644
  • Dec 18, 2013 7:45pm Dec 18, 2013 7:45pm
Quoting CNTrader
{quote} Update: Target 2 attained on second entry at Gartley and Target 1 attained at 1st entry this morning on the AB=CD. I have rolled stops on both to Break even. With that may everyone enjoy their popcorn and the rest of their week {image} Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!

This was a fun FOMC high wire no net trade that worked out quite nicely. Who says you cant trade the news?

Stops were moved to Break even as mentioned in the earlier post and I have been taken out. I am now flat Usd/Cad till the next opportunity I see that gives me what I'm looking for.


Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #645
  • Dec 18, 2013 10:16pm Dec 18, 2013 10:16pm
Quoting CNTrader
{quote} OK Traders here is the update on the Eur/Usd trade set ups: The Bullish Bat pattern was removed as price violated what would have been point A of the pattern In regards to the other two bearish patterns that Triggered here is an updated look. Target 2 was attained on the bearish shark (smaller pattern) and remains to be attained on the bearish Bat (larger pattern). I have rolled stops to Break even on both opportunities. {image} Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!...
Update: Target 2 attained on Bearish Bat

Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd.gif Size: 46 KB



Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #646
  • Jan 3, 2014 9:25am Jan 3, 2014 9:25am
Hey Traders hope everyone is doing great and had fun and enjoyed their time with family and friends!! Time to conquer yet another year of Currency Trading! Lots of systems out their so my advice for the new year is to pick one that works for you and stick to it with discipline. You can be a systems junkie or a profitable trader Making Bank!! You decide lol. What I do works for me so lets begin.

Here is the sell zone Ill be watching on the Nzd/Usd 4 hr chart. Yes I am currently long from below with pips banked and stops rolled. Now this is what I'm looking for NEXT for the behavior I like to see for either a reversal or pull back to make bank.





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Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #647
  • Jan 3, 2014 9:31am Jan 3, 2014 9:31am
Dear CNT, I am also looking for a sell opportunity on NZD/USD. It will be interesting.
Fix up, trade sharp ...
  • #648
  • Jan 3, 2014 9:35am Jan 3, 2014 9:35am
Ill be back later today with a few more but its time to go dig out from the snow!!
http://emergencypreparedness.cce.cor...ages/snow1.jpg
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #649
  • Jan 3, 2014 9:52am Jan 3, 2014 9:52am
Quoting CNTrader
Hey Traders hope everyone is doing great and had fun and enjoyed their time with family and friends!! Time to conquer yet another year of Currency Trading! Lots of systems out their so my advice for the new year is to pick one that works for you and stick to it with discipline. You can be a systems junkie or a profitable trader Making Bank!! You decide lol. What I do works for me so lets begin. Here is the sell zone Ill be watching on the Nzd/Usd 4 hr chart. Yes I am currently long from below with pips banked and stops rolled. Now this is what I'm...

Hey CNTrader. Good luck in the snow.

Watching her sister.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #650
  • Jan 3, 2014 5:23pm Jan 3, 2014 5:23pm
Hey Traders here is a look at what I'm watching for on Eur/Gbp. Currently short with pips banked and stops at break even but here is a look at where I am expecting to see either pullback or reversal behavior. As always:

Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!

Attached Image (click to enlarge)
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Don't follow me! You can and most likely will LOSE all your money!!!!
  • #651
  • Jan 3, 2014 5:43pm Jan 3, 2014 5:43pm
Quoting CNTrader
Hey Traders here is a look at the Eur/Cad weekly chart. Its possible that if the USD begins to strengthen the Cad could too as often times they get stronger and weaker together as a result of their tight nit trade agreements. So even though we may not see Usd/ Cad provide a shorting opportunity like some other Cad pairs may, although today was quite fun lol, if the Euro starts to weaken then this pair could get quite fun in my opinion. Well enough of the fundi mumbo jumbo here is a look at a potential technical and Harmonic opportunity to take advantage...
Hey Traders here is an update on the Eur/Cad AB=CD short trade taken couple of weeks ago. Weekly trades are fun as we are up now on this trade just slightly over 200 pips but they do take patience. We have come up on some recent structure so the temptation to bank is there. Afetr all 200 pips is 200 pips haha. While it may not be a bad idea just remember it is a weekly chart after all lol.


Attached Image (click to enlarge)
Click to Enlarge Name: EurCad.gif Size: 42 KB


Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #652
  • Jan 3, 2014 6:09pm Jan 3, 2014 6:09pm
Hey Traders here is a look at a Usd/Chf trade I'm involved with on the weekly chart. I know I know I'm crazy right? haha. Well just keep in mind it wont get there in a day but I just love the possibilities haha. In the meantime there are some shorter term targets in green that im looking for over the next couple of months lol. There goes that patience again lol. I will Bank and Roll as I see fit along the way. I'll also be looking for other opportunities to add to a winning trade on the smaller time frames as well. Enjoy!!

Attached Image (click to enlarge)
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Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #653
  • Jan 3, 2014 6:13pm Jan 3, 2014 6:13pm
That's it for now. I'm off to go enjoy the weekend. I'll post more next week.

Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #654
  • Jan 4, 2014 1:07pm Jan 4, 2014 1:07pm
Hello CNTrader,

Thank you for sharing your analysis. It's always good to see how a real trader sees the market.

I like your UCHF Wkly chart...
  • #655
  • Jan 4, 2014 8:07pm Jan 4, 2014 8:07pm
Happy new year everyone!

Gold
I've been taking a look at Gold this weekend as it appears to be rallying in the long term (finally) - see weekly chart.
There's a theoretical minimum price that gold can be extracted out of the ground (~$1100 I believe), and as the price goes down, more miners close down which affects supply and ultimately should push prices back up. But enough of fundamentals: in the short term, seems there's a small bearish bat setting up on H4, after last week's bull shark, however, at a higher time frame (D1), there's potentially a bearish cypher/shark if you look at the daily chart (I've plotted the PPZ as blue for cypher and purple for shark if anyones interested)

Question: if the D leg of a cypher/shark's ABCD is 144%, is there a clever way of determining whether you have a cypher or a shark? I suspect you just have to watch the area like a hawk and make your decision at the time, but if anyone has any hints I'm all ears.

I've also been experimenting with fib time zones to see if they give a guide as to WHEN reversals are likely to happen. When I tried before I thought it was a load of old toot until today when I went back through all the harmonics I found in last year's gold chart and found some consistencies. It might have some mileage: who knows? The plan this year is to get better at entries and become profitable at last

Larry Pesavento
On a separate note, Larry Pesavento's videos on youtube are highly entertaining and are run every week:
Inserted Video
.
For those who don't know, he's one of the daddies of harmonic trading and also discovered the butterfly pattern.
Anyway, he's good value and he makes he chuckle everytime he mentions the phases of the moon as a trading edge: in last week's show it was pretty much the 2nd thing he said
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  • #656
  • Jan 6, 2014 9:53am Jan 6, 2014 9:53am
Quoting Graceway
Hello CNTrader, Thank you for sharing your analysis. It's always good to see how a real trader sees the market. I like your UCHF Wkly chart...
Thanks Graceway and thanks for stopping by. Feel free to contribute whenever you like.
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #657
  • Jan 6, 2014 9:55am Jan 6, 2014 9:55am
Hey Traders here is a look at the Eur/Usd 15m chart I'm watching.


Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd 15m.gif Size: 33 KB




Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #658
  • Jan 6, 2014 10:32am Jan 6, 2014 10:32am
Quoting CNTrader
Hey Traders here is a look at the Eur/Usd 15m chart I'm watching. {image} Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
There is also a Bearish bat in same sell zone. Here is another look:

Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd 15m.gif Size: 36 KB




Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #659
  • Jan 7, 2014 9:08am Jan 7, 2014 9:08am
Quoting CNTrader
{quote} There is also a Bearish bat in same sell zone. Here is another look: {image} Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Targets 1 and 2 attained stops now rolled to BE:


Attached Image (click to enlarge)
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Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!

Its Hard work making it look so easy!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #660
  • Jan 8, 2014 7:51am Jan 8, 2014 7:51am
GM Traders here is the update on EU 15m chart trade:

All three targets attained
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd 15m.gif Size: 40 KB






Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Don't follow me! You can and most likely will LOSE all your money!!!!
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