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an Aspiring Up and Coming Trader

  • #41
  • Mar 5, 2014 7:55am Mar 5, 2014 7:55am
Quoting UpComerFX
{quote} Winner for the GBP/USD Bullish Gartley. Multiple lots on this trade allowed me to take half off at 38.2% of AB=CD, move stop to just short of a break even, and the second TP to the 61.%. {image}
Update.
Closed the 2nd half of my GBP/USD Long at 1.6706. I have seen my account grow steadily since the start of my harmonic journey. Now the goal is consistency.

Short GBP/CHF on Bearish Bat formation. I'm interested in this trade due to the fact that point A was slightly breached, and the 2nd half of the Bat formation took considerably longer to manifest. I wonder if these mishaps will compromise the pattern. I'll keep it updated.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfh1.png Size: 70 KB
Greatness exists in all of us.
  • #42
  • Mar 5, 2014 9:08am Mar 5, 2014 9:08am
Quoting UpComerFX
{quote} Update. Closed the 2nd half of my GBP/USD Long at 1.6706. I have seen my account grow steadily since the start of my harmonic journey. Now the goal is consistency. Short GBP/CHF on Bearish Bat formation. I'm interested in this trade due to the fact that point A was slightly breached, and the 2nd half of the Bat formation took considerably longer to manifest. I wonder if these mishaps will compromise the pattern. I'll keep it updated. {image}
Stopped out on a bearish pin. I must account for spread when placing stops as it wasn't hit on the bid, but with the ask. I'd probably pass on the next invalidated pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfh1.png Size: 66 KB
Greatness exists in all of us.
  • #43
  • Mar 5, 2014 9:58am Mar 5, 2014 9:58am
GBP/USD Bearish Gartley Short taken.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 93 KB
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  • #44
  • Mar 5, 2014 6:00pm Mar 5, 2014 6:00pm
Quoting UpComerFX
GBP/USD Bearish Gartley Short taken. {image}
Update.

My GBP/USD Short is playing out alright at the moment. Nothing spectacular yet but it is off hours. Tomorrow's event risk is bringing some high volatility, which could maximize my profit potential.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 92 KB
Greatness exists in all of us.
  • #45
  • Mar 6, 2014 12:37pm Mar 6, 2014 12:37pm
USD/CAD Long Bat pattern just narrowly missed, by about 4.4 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadh4.png Size: 62 KB
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  • #46
  • Mar 7, 2014 7:37am Mar 7, 2014 7:37am
Quoting UpComerFX
USD/CAD Long Bat pattern just narrowly missed, by about 4.4 pips. {image}

Disappointed that I missed this trade. I know there's other opportunities, so I'll just go back to the charts to locate them.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadh4.png Size: 64 KB
Greatness exists in all of us.
  • #47
  • Mar 10, 2014 7:44am Mar 10, 2014 7:44am
EUR/GBP

This harmonic level contain a Gartley(Brown) and a smaller TF Butterfly(White). The trade was a loss, as I was hoping to capitalize on my R:R by placing my stop according to the smaller TF parameters, above the 1.41, while obtaining the reward from the larger TF parameters. I will continue to watch the chart to see if it could have been a winner if the stop loss was placed above the X point of the larger Gartley.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbph4.png Size: 83 KB
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  • #48
  • Mar 10, 2014 3:08pm Mar 10, 2014 3:08pm
AUD/USD Long 5-0 Pattern.
My first 5-0 was exited early due to higher TF Butterfly providing a considerable load of supply. It would be futile to attempt to trade against that.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 67 KB
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  • #49
  • Mar 11, 2014 12:28pm Mar 11, 2014 12:28pm
NZD/USD Bullish Bat

Potential Bat pattern forming on the NZD/USD. I am currently attempting to ride the CD leg down to the PRZ on the break of Point B. I will take profit and subsequently initiate a long position upon arrival.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdm30.png Size: 51 KB
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  • #50
  • Edited 8:14pm Mar 11, 2014 7:18pm | Edited 8:14pm
Quoting UpComerFX
NZD/USD Bullish Bat Potential Bat pattern forming on the NZD/USD. I am currently attempting to ride the CD leg down to the PRZ on the break of Point B. I will take profit and subsequently initiate a long position upon arrival. {image}
Update.

Take Profit achieved on NZD/USD short. I will pass on trading the Bat pattern Long due to the direction on location of price as it pertains to the larger TF. But this trade went well.

EDIT: I chose not to pass on trading the Bat formation. It would benefit me to participate in trades that would usher in lessons of dynamically trading harmonic patterns.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdm30.png Size: 64 KB
Greatness exists in all of us.
  • #51
  • Mar 11, 2014 11:31pm Mar 11, 2014 11:31pm
Quoting UpComerFX
{quote} Update. Take Profit achieved on NZD/USD short. I will pass on trading the Bat pattern Long due to the direction on location of price as it pertains to the larger TF. But this trade went well. EDIT: I chose not to pass on trading the Bat formation. It would benefit me to participate in trades that would usher in lessons of dynamically trading harmonic patterns. {image}

Take Profit on NZD Bat hit. I could have easily made more on this trade but I'm content, but never satisfied. Two wins on the day.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdm30.png Size: 63 KB
Greatness exists in all of us.
  • #52
  • Mar 12, 2014 8:10am Mar 12, 2014 8:10am
GBP/AUD Bearish 5-0

This is the 2nd 5-0 pattern I've participated in, with the first, the AUD/USD 5-0, being prematurely closed due to a suspect price behavior. It was the right choice as the trade would have been a loss.
This 5-0 has the AB=CD pattern within the CD leg, providing the PRZ with more harmonic values. The downward sloping trendline should also act as a resistance. Take Profit on this trade is tentative, depending on the momentum I see.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaudh4.png Size: 64 KB
Greatness exists in all of us.
  • #53
  • Mar 12, 2014 1:58pm Mar 12, 2014 1:58pm
EUR/USD Bearish Bat pattern.

My entry wasn't ideal but a successful Bat pattern will profit me regardless. We were at these levels March 7th and saw a considerable down move.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 74 KB
Greatness exists in all of us.
  • #54
  • Mar 12, 2014 7:35pm Mar 12, 2014 7:35pm
Quoting UpComerFX
GBP/AUD Bearish 5-0 This is the 2nd 5-0 pattern I've participated in, with the first, the AUD/USD 5-0, being prematurely closed due to a suspect price behavior. It was the right choice as the trade would have been a loss. This 5-0 has the AB=CD pattern within the CD leg, providing the PRZ with more harmonic values. The downward sloping trendline should also act as a resistance. Take Profit on this trade is tentative, depending on the momentum I see. {image}
What a trade. This could be my breakout trade.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaudh4.png Size: 71 KB
Greatness exists in all of us.
  • #55
  • Mar 13, 2014 10:16am Mar 13, 2014 10:16am
Quoting UpComerFX
EUR/USD Bearish Bat pattern. My entry wasn't ideal but a successful Bat pattern will profit me regardless. We were at these levels March 7th and saw a considerable down move. {image}

Update

Lost taken in this EUR/USD Bearish Bat.
I have noticed that losing trades, more times than not, settle within the PRZ before blowing it out. I will continue to see if this is the case for my futures losers.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 66 KB
Greatness exists in all of us.
  • #56
  • Mar 13, 2014 3:58pm Mar 13, 2014 3:58pm
Found another opportunity to test out the BAMM Method on the EUR/CAD.
The short on the break of point B worked well, profiting on the CD leg. As my Take Profit was hit, I initiated a long only for it to be taken out. Overall, I made more than I loss and the slow journey of capital accumulation continues.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcadh1.png Size: 64 KB
Greatness exists in all of us.
  • #57
  • Mar 13, 2014 10:42pm Mar 13, 2014 10:42pm
Another pattern, another profit.
USD/CAD Bullish Butterfly
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadh1.png Size: 63 KB
Greatness exists in all of us.
  • #58
  • Mar 17, 2014 10:50pm Mar 17, 2014 10:50pm
Not much happening today, opened a AUD/USD Short. I'll update once velocity picks up to either direction.
Greatness exists in all of us.
  • #59
  • Mar 18, 2014 8:11am Mar 18, 2014 8:11am
Took a couple losses this morning. AUD/USD and NZD/USD both had bearish formations on the 1 Hour. Price action was particularly extreme during the PZR but nevertheless reacted. Not exactly sure what I learned from these losses. Probably leaning towards taking 4-Hour or higher trades, as 1-Hour trades must be managed immensely.

I'm going to start integrating the RSI BAMM method into my approach. Haven't found any trades with it yet, but I'll be sure to post the first one I come across.
Greatness exists in all of us.
  • #60
  • Mar 19, 2014 8:13pm Mar 19, 2014 8:13pm
NZD/USD Bearish Butterfly

This trade setup formed a while ago, however, it rallied prior to FOMC, allowing me to get in on a retest of the PRZ.
It has fallen about 100 pips so far, but I'm going to let this ride a little further.

I revamped my charts again. I went with the plain black/white charts for a couple weeks but I've grown accustomed to how I originally started trading.. the black is easier on the eyes.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdh4.png Size: 48 KB
Greatness exists in all of us.
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