Making Bank: The Harmonic rhythm of the market | Page 58 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Harmonic trading-harmonic patterns 527 replies

Market rhythm with sound 0 replies

GBPUSD GBPJPY Harmonic patterns and confluence of indicators 12 replies

Harmonic Wave Journal 1,285 replies

Harmonic Pattern Trader 1 reply

Attachments: Making Bank: The Harmonic rhythm of the market
Exit Attachments

Making Bank: The Harmonic rhythm of the market

  • #1,141
  • Apr 10, 2014 1:07pm Apr 10, 2014 1:07pm
Quoting CNTrader
{quote} Well done Scott thanks for sharing. Here is my updated look on it. Currently involved in the 15m opportunity for sheets and giggles. lol Daily chart: {image} 15M chart: {image} Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Aud/Usd Update:

I have not been stopped out on these opportunities yet as my plan has left me with room to take both opportunities into consideration as well as the fact that it was FOMC week. Money management is key to this setup. That said if I do get stopped out then so what lol NEXT!!.

I took the 15m trade sell zone with the Daily sell zone in consideration. The big brother aka Shark pattern sell zone has a wide area to cover that's what makes it so much fun right? lol. Anyway here is the chart and I have modified the targets somewhat and will continue to do so if behavior warrants it. Okay back to bed. Here is the chart:
Attached Image (click to enlarge)
Click to Enlarge Name: AudUsd Daily.gif Size: 52 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!!!!
  • #1,142
  • Apr 10, 2014 1:24pm Apr 10, 2014 1:24pm
Another pattern on the EUR / USD 4H chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_USD_4h_bearish_cypher.png Size: 103 KB
  • #1,143
  • Apr 10, 2014 10:45pm Apr 10, 2014 10:45pm
Quoting CNTrader
{quote} {quote} LOL Sukris, I appreciate the compliment. I admire your effort and continued dedication to learn. There is something there but not quite the crab you tried to draw and definitely no shark ahahah.. Technically it does not give a retrace of the a-b leg of at least .38 for the crab so that eliminates the pattern you drew. However if you perceive correctly there is a fantastic 3 drives pattern that has developed on the 1 hr and 4hr charts that fall into the same sell zone you have on your charts. It very difficult for the untrained to...
Thanks a lot CNT.. i learn something from your comment.
  • #1,144
  • Apr 11, 2014 1:48pm Apr 11, 2014 1:48pm
Quoting CNTrader
{quote} Gbp/Jpy Update: Target 2 attained for 240 pips. Stops rolled to Break even {image} Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Gbp/Jpy Update:

Target 3 Attained I am now flat this short position

Attached Image (click to enlarge)
Click to Enlarge Name: GbpJpy 4hr.gif Size: 54 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!!!!
  • #1,145
  • Apr 12, 2014 10:09am Apr 12, 2014 10:09am
Happy weekend all.

An update on EurNzd. I know CNTrader loves those weekly setups.

http://www.forexfactory.com/attachme...1&d=1397236125
The world you desire can be won. It exists.. it is real.. it is possible..
  • #1,146
  • Apr 12, 2014 12:53pm Apr 12, 2014 12:53pm
Quoting Mr. Scott
Happy weekend all. An update on EurNzd. I know CNTrader loves those weekly setups. {image}
Hi Scott
How are you? Love to see your chart up close but can't. If you could upload it as ping or Jpg image that would be great.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,147
  • Apr 12, 2014 12:57pm Apr 12, 2014 12:57pm
AUDCAD Daily. What do you guys think of this ?
Attached Image (click to enlarge)
Click to Enlarge Name: 041214audcaddaily.png Size: 43 KB
  • #1,148
  • Apr 12, 2014 1:05pm Apr 12, 2014 1:05pm
Both on Daily and H4 I see Emerging Bullish BAT pattern on CADJPY H4 . I am still learning HP ,guys pls correct me if i am wrong
Attached Image (click to enlarge)
Click to Enlarge Name: 041214cadjpyh4.png Size: 53 KB
  • #1,149
  • Apr 12, 2014 1:16pm Apr 12, 2014 1:16pm
Quoting Davit
{quote} Hi Scott How are you? Love to see your chart up close but can't. If you could upload it as ping or Jpg image that would be great. Regards
Hi Davit,

I am well, thank you. Hope you are as well.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdweekly411.jpg Size: 218 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #1,150
  • Apr 12, 2014 1:22pm Apr 12, 2014 1:22pm
Quoting Mr. Scott
{quote} Hi Davit, I am well, thank you. Hope you are as well. {image}
Thanks Scott.I am very well thanks.Relaxed on my shorts. I am short on EU and NU and this pair movements are dictated by EU,NU.
For reasons of my bias I am skipping on this pair.
As a side note lately I am paying lot more attention to correlations.For example

NU is highly negatively correlated with U/CHF U/CHF goes down NU goes up and EU is highly correlated with U/CHF (U/CHF is reaching solid support)
So domino effect if EU goes down U/CHF goes up causing NU to plunge down.
Good live data correlation site.You can change daily weekly monthly
http://www.myfxbook.com/forex-market/correlation

Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,151
  • Apr 13, 2014 9:04am Apr 13, 2014 9:04am
potential non-ideal ratio setup on EU W1, I guess that's fine, cause some posters in here post non-ideal and some non-existent patterns.
it's 75/75/113.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB
  • #1,152
  • Apr 13, 2014 9:14am Apr 13, 2014 9:14am
Quoting ruffryders
potential non-ideal ratio setup on EU W1, I guess that's fine, cause some posters in here post non-ideal and some non-existent patterns. it's 75/75/113. {image}
http://www.forexfactory.com/showthre...22#post7401322

kiwi + fiber = I'm loving it more than McDonalds.
  • #1,153
  • Apr 13, 2014 9:33am Apr 13, 2014 9:33am
Quoting ruffryders
potential non-ideal ratio setup on EU W1, I guess that's fine, cause some posters in here post non-ideal and some non-existent patterns. it's 75/75/113. {image}
To Ruffryders



What is the name of your pattern ?
  • #1,154
  • Apr 13, 2014 9:43am Apr 13, 2014 9:43am
Quoting SLforex
{quote} To Ruffryders What is the name of your pattern ?
non-ideal ratio XABCF butterfly, you do realize that 1.13 is sqrt 127, right?
  • #1,155
  • Apr 13, 2014 9:51am Apr 13, 2014 9:51am
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_JPY_weekly_bearish_shark.png Size: 122 KB
  • #1,156
  • Apr 13, 2014 10:04am Apr 13, 2014 10:04am
Quoting ruffryders
{quote} non-ideal ratio XABCF butterfly, you do realize that 1.13 is sqrt 127, right?

It really is not butterfly pattern :

1) point B did not reach the 78.6% XA,
2) in addition the target should be 1,272 XA and AB =CD or 1.27 AB = CD
  • #1,157
  • Apr 13, 2014 10:13am Apr 13, 2014 10:13am
Quoting SLforex
{quote} It really is not butterfly pattern : 1) point B did not reach the 78.6% XA, 2) in addition the target should be 1,272 XA and AB =CD or 1.27 AB = CD
yes, that's why I said non-ideal ratio. it's not 78.6 it's 75%. What's your point anyway?
  • #1,158
  • Edited 12:18pm Apr 13, 2014 10:16am | Edited 12:18pm
EUR/USD go down, 1-st target 1.3250
  • #1,159
  • Apr 13, 2014 10:18am Apr 13, 2014 10:18am
Quoting SLforex
EUR/USD go down, 1-st target 1.35
  • #1,160
  • Apr 13, 2014 10:28am Apr 13, 2014 10:28am
Quoting SLforex
EUR/USD go down, 1-st target 1.35
is that due to EJ Shark setup on W1? If that's the case, then you'd be dissapointed, due to no correlation between EJ and EU.

EJ I agree with you, UJ looks like will go below 100 level soon, should support your setup on EJ W1 shark. Nice pattern though, agreed.
4 traders viewing now