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Making Bank: The Harmonic rhythm of the market

  • #1,381
  • May 23, 2014 1:04pm May 23, 2014 1:04pm
Hey Traders here is a video of analysis on a pair that I am already involved with to the Long side. Yes target 1 was attained but I put this video together to demonstrate the potential of multiple opportunities to get involved in a trade both in the same direction and when Targets are hit the potential to get involved in the trade in the other direction. When a pair is trading in what I call its sweet spot to many it appears as if it is just trading sideways but often times it can stay in what I call a Harmonic paradise allowing you to make bank in both directions until there is a break of that sideways price behavior and even when there is a break the higher Time frame or bigger picture will usually have Harmonic characteristics to it that gives clues as to what will happen next with high probability and good risk reward benefits. Anyway that’s enough of my Mumbo Jumbo enjoy the video and have a great weekend


Inserted Video


Cart pic on 1hr chart:

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!!!!
  • #1,382
  • May 23, 2014 1:10pm May 23, 2014 1:10pm
Quoting CNTrader
Hey Traders here is a video of analysis on a pair that I am already involved with to the Long side. Yes target 1 was attained but I put this video together to demonstrate the potential of multiple opportunities to get involved in a trade both in the same direction and when Targets are hit the potential to get involved in the trade in the other direction. When a pair is trading in what I call its sweet spot to many it appears as if it is just trading sideways but often times it can stay in what I call a Harmonic paradise allowing you to make bank...
Very nice CNT
Banked+566pips on GU shorts
I like the technique you drew AB=CD with yellow lines then construct the shapes.
I suspect you are looking for general shapes not particular pattern.For example A to B Gartley is 618 and Bat is 38-50 looking at it, its the shape that matters not the nuisances of patterns since most patterns are versions of Gartley (if disagree please expand on this)
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,383
  • May 25, 2014 8:39pm May 25, 2014 8:39pm
Quoting CNTrader
{quote} Nzd/Usd Update: Target 2 attained {image} Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Nzd/Usd update:

Hey Traders target 3 attained on the 2nd entry. I have thus far left only about 10% of both entries for the possibility of structure to break down however I am watching this area closely for behavior to make bank going long to a potential sell zone that has yet to develop. Time will tell but this is one area I'm watching closely.

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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!!!!
  • #1,384
  • May 25, 2014 9:21pm May 25, 2014 9:21pm
Quoting Davit
{quote} Very nice CNT Banked+566pips on GU shorts I like the technique you drew AB=CD with yellow lines then construct the shapes. I suspect you are looking for general shapes not particular pattern.For example A to B Gartley is 618 and Bat is 38-50 looking at it, its the shape that matters not the nuisances of patterns since most patterns are versions of Gartley (if disagree please expand on this) Regards
Hi Davit, I will say this and this only as it relates to your question. Please don't ask me to expand as this is all I wish to share on the matter at the moment. The intent for this thread is not to be a place to get into training specifics but rather a place to share ideas and a place where I would share what I'm willing to in regards to what patterns I see developing, what areas I'm watching for behavior, and what trades I have executed along with how I'm managing those trades.

The nuances of the patterns DO matter only as they relate to the pattern itself however the only thing that matters to me is the behavior that takes place in and around those patterns or shapes as you say. Its the behavior that makes the difference between getting stopped out and being right all along because you don't understand it or getting it right and having the patience and discipline to let the trade play itself out. It also makes the difference between getting into the trade that has an extremely low probability of success and busting your account or having the patience and discipline to wait and get involved when the probability develops in your favor.

This is all I will say about the matter. I hope my response does not offend you or either upset or discourage you from being a positive contributor to the thread as that is not my intent. Look forward to having you visit again and continue helping to make this thread the awesome thread that it has become with great contributions from a variety of people who rather trade and make bank instead of getting into pissing contests about who is right or whose is bigger. As I always say my friend....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!!!!
  • #1,385
  • May 25, 2014 10:08pm May 25, 2014 10:08pm
Potential Bearish Bat & Cypher on AUD/USD 15 min.

Somewhat new here. Special thanks to CN, Mr. Pip and Scott

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  • #1,386
  • May 25, 2014 10:28pm May 25, 2014 10:28pm
Quoting CNTrader
{quote} Hi Davit, I will say this and this only as it relates to your question. Please don't ask me to expand as this is all I wish to share on the matter at the moment. The intent for this thread is not to be a place to get into training specifics but rather a place to share ideas and a place where I would share what I'm willing to in regards to what patterns I see developing, what areas I'm watching for behavior, and what trades I have executed along with how I'm managing those trades. The nuances of the patterns DO matter only as they relate...
Hi CNTrader,

I agree. However, I believe that the structure of the patterns increases the probability. So, it is important to me that they adhere to certain rules.

However, what truly matters is the reaction in the relevant zone. So, at the end of the day, what are we really trading? PA. That is the magic. That is how we filter the patterns and the setups.

I understand you do not want to get into specifics, but if you disagree, please let me know and I will remove my response from your thread. It is your house, your rules.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #1,387
  • May 25, 2014 10:49pm May 25, 2014 10:49pm
Quoting CNTrader
{quote}however the only thing that matters to me is the behavior that takes place in and around those patterns or shapes as you say. Its the behavior that makes the difference between getting stopped out and being right all along because you don't understand it or getting it right and having the patience and discipline to let the trade play itself out. It also makes the difference between getting into the trade that has an extremely low probability of success and busting your account or having the patience and discipline to wait and get involved when the probability develops in your favor.
.
Good Evening CNTrader
I agree with you fully text I highlighted.My inquiry was more innocent just trying to see how you think.That's all and I respect what you care to share or not.
I am not offended at all.Its all cool.
Agree its nice thread. Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,388
  • May 25, 2014 10:54pm May 25, 2014 10:54pm
Here is what I am looking right now.Waiting for PRZ
G/A
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In trading, you have to be defensive and aggressive at the same time
  • #1,389
  • May 25, 2014 10:59pm May 25, 2014 10:59pm
Quoting Mr. Scott
{quote} Hi CNTrader, I agree. However, I believe that the structure of the patterns increases the probability. So, it is important to me that they adhere to certain rules. However, what truly matters is the reaction in the relevant zone. So, at the end of the day, what are we really trading? PA. That is the magic. That is how we filter the patterns and the setups. I understand you do not want to get into specifics, but if you disagree, please let me know and I will remove my response from your thread. It is your house, your rules.
Lol Scott no need to remove post you are always welcome to contribute as long as the rules are followed in Post #1. For the most part we are basically saying the same thing just in a different way. Yours much more eloquent . Thanks for stating my point so eloquently.
Now lets get back to making bank.


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!!!!
  • #1,390
  • May 25, 2014 11:01pm May 25, 2014 11:01pm
Quoting Davit
Here is what I am looking right now.Waiting for PRZ G/A {image}
Couple I have on the agenda:
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #1,391
  • May 25, 2014 11:07pm May 25, 2014 11:07pm
Quoting CNTrader
{quote} Gbp/Aud update: Target 2 attained. Patience and discipline continue to make bank in this yawn fest of a market lol. {image} As always......Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Quoting Davit
Here is what I am looking right now.Waiting for PRZ G/A {image}
Quoting Mr. Scott
{quote} Couple I have on the agenda: {image}
Gbp/Aud Update;

Yes still long Gbp/Aud waiting patiently for Target 3 to be attained and watching for this sell zone for behavior.

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!!!!
  • #1,392
  • May 25, 2014 11:07pm May 25, 2014 11:07pm
Quoting Mr. Scott
{quote} Couple I have on the agenda: {image}
Looking at EG for long G/CHF for Short but watching behavior of both.
Since CHF is pegged to Euro,Euro losing to USD causes Swissy to lose to Pound.
Good time to short G/CHF when EU is going up.
Sorry this might be obvious to you but can't help sharing my thought process.
In trading, you have to be defensive and aggressive at the same time
  • #1,393
  • May 25, 2014 11:09pm May 25, 2014 11:09pm
Quoting CNTrader
{quote} Lol Scott no need to remove post you are always welcome to contribute as long as the rules are followed in Post #1. For the most part we are basically saying the same thing just in a different way. Yours much more eloquent . Thanks for stating my point so eloquently. Now lets get back to making bank. Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Ok my friend, glad to hear it.

Just do not want to step on any toes when I give my opinion. It is entirely possible, you would disagree with me and that would mean I was out of line here.

I really like your thread, and respect it. My post is just a way of giving my opinion while respecting the thread.

Unfortunately, respect is lacking at most threads. As I like to say, be humble, or get humbled.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #1,394
  • May 25, 2014 11:19pm May 25, 2014 11:19pm
Quoting Mr. Scott
{quote} Ok my friend, glad to hear it. Just do not want to step on any toes when I give my opinion. It is entirely possible, you would disagree with me and that would mean I was out of line here. I really like your thread, and respect it. My post is just a way of giving my opinion while respecting the thread. Unfortunately, respect is lacking at most threads. As I like to say, be humble, or get humbled.
Well said and no worries. Opinions are fine and welcomed. Douche bags are not. lol.

Thanks for your contributions and continued willingness to be a positive influence on making this thread a place people can find solid analysis without the BS.

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!!!!
  • #1,395
  • May 25, 2014 11:27pm May 25, 2014 11:27pm
Quoting Davit
{quote} Looking at EG for long G/CHF for Short but watching behavior of both. Since CHF is pegged to Euro,Euro losing to USD causes Swissy to lose to Pound. Good time to short G/CHF when EU is going up. Sorry this might be obvious to you but can't help sharing my thought process.
I am pretty sure I posted GBPCHF here, but here is EG.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #1,396
  • May 25, 2014 11:27pm May 25, 2014 11:27pm
Quoting Davit
{quote} Good Evening CNTrader I agree with you fully text I highlighted.My inquiry was more innocent just trying to see how you think.That's all and I respect what you care to share or not. I am not offended at all.Its all cool. Agree its nice thread. Regards
Thanks Davit.

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!!!!
  • #1,397
  • May 25, 2014 11:28pm May 25, 2014 11:28pm
EURCHF H1

Bullish Gartley
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  • #1,398
  • May 25, 2014 11:35pm May 25, 2014 11:35pm
Quoting iTrade4u
EURCHF H1 Bullish Gartley {image}
E/CHF ADR is 20 pips last 20 days.
Tightening up funds to such low volatility to me its not worth it.Suppose you commit and this thing does not move for 15days while you saw better trade on another pair but did not take because you were committed to this pair.
regards
In trading, you have to be defensive and aggressive at the same time
  • #1,399
  • May 25, 2014 11:46pm May 25, 2014 11:46pm
Quoting CNTrader
{quote} Thanks Davit. Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!

Looking at A/N
Gartley
Prefer going long at PRZ
I know its long 200pips down but when you look at weekly and see how low price is its hard pulling the trigger to short.
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In trading, you have to be defensive and aggressive at the same time
  • #1,400
  • May 25, 2014 11:48pm May 25, 2014 11:48pm
Quoting CNTrader
{quote} Well said and no worries. Opinions are fine and welcomed. Douche bags are not. lol. Thanks for your contributions and continued willingness to be a positive influence on making this thread a place people can find solid analysis without the BS. Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!

Have to admit CNTrader, we talk the same and it kills me my friend. Sorry if I spam your thread, but I swear we grew up together. I know I said it before, but I find it hilarious. Just so you know, other people don't use words like douche bag, edumacation, Scarface, boii, etc...
The world you desire can be won. It exists.. it is real.. it is possible..
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