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Making Bank: The Harmonic rhythm of the market

  • #1,561
  • Jun 25, 2014 5:54am Jun 25, 2014 5:54am
Hey Traders her is a look at the Eur/Cad 4hr chart:


Attached Image (click to enlarge)
Click to Enlarge Name: EurCad 4hr.gif Size: 47 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!!!!
  • #1,562
  • Jun 25, 2014 6:15am Jun 25, 2014 6:15am
Quoting CNTrader
Hey Traders her is a look at the Eur/Cad 4hr chart: {image} Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
HI CNTrader,

Posted a couple CAD over weekend, but been waiting for UCAD to help out.
Attached Image (click to enlarge)
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #1,563
  • Jun 25, 2014 11:25am Jun 25, 2014 11:25am
Quoting CNTrader
Hey Traders her is a look at the Eur/Cad 4hr chart: {image} Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Hi,

Quick question: what is that pattern and approx. how many pips are you targeting?
  • #1,564
  • Jun 25, 2014 11:28am Jun 25, 2014 11:28am
GU Daily. Bearish butterfly.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily bearish butterfly.png Size: 58 KB
  • #1,565
  • Jun 25, 2014 5:59pm Jun 25, 2014 5:59pm
Quoting ElectroNitro
GU Daily. Bearish butterfly. {image}
You might have a pattern there, but it is not a butterfly.

http://www.harmonictrader.com/bflybearre.jpg
The world you desire can be won. It exists.. it is real.. it is possible..
  • #1,566
  • Jun 25, 2014 10:49pm Jun 25, 2014 10:49pm
Quoting Mr. Scott
{quote} You might have a pattern there, but it is not a butterfly. {image}
Thank you for your input. Mr. Scott. That said, please let me know why its not a butterfly since I have reconfirmed that ratios belong to a butterfly. I'll appreciate your feedback.

Thank you.
  • #1,567
  • Jun 25, 2014 10:53pm Jun 25, 2014 10:53pm
EN bearish butterfly. Made bank with 160 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdh1 bearish butterfly 160 pips.png Size: 58 KB
  • #1,568
  • Jun 25, 2014 10:58pm Jun 25, 2014 10:58pm
Quoting Mr. Scott
{quote} You might have a pattern there, but it is not a butterfly. {image}

I think I've noticed the problem with my pattern: point A is higher than point B. Thank you for pointing that for me. That said, what pattern do I have on that GU chart above?
  • #1,569
  • Jun 25, 2014 11:03pm Jun 25, 2014 11:03pm
Electro: To me, I would say your pattern is a bullish AB=CD pattern. I actually drew the same pattern on my chart and put point "D" to complete 161.8% ahead of "B" and it did within a few pips. I laid it out like a butterfly except i paid no mind in "C"completion point.

A true butterfly the "C" would not retrace "A" deeper than 88.6% and then go on to have "D" complete at least 161.8% of "B" or at the most 261.8%

I believe you have a shark or cypher. One of the "extension" patterns
  • #1,570
  • Jun 25, 2014 11:06pm Jun 25, 2014 11:06pm
Quoting aktrader
Electro: To me, I would say your pattern is a bullish AB=CD pattern. I actually drew the same pattern on my chart and put point "D" to complete 161.8% ahead of "B" and it did within a few pips. I laid it out like a butterfly except i paid no mind in "C"completion point. A true butterfly the "C" would not retrace "A" deeper than 88.6% and then go on to have "D" complete at least 161.8% of "B" or at the most 261.8% I believe you have a shark or cypher. One of the "extension" patterns
Thank you for your informative input, aktrader. I appreciate it.
  • #1,571
  • Jun 25, 2014 11:41pm Jun 25, 2014 11:41pm
Ya you bet. You know, this stuff really works. For me staying disciplined to let my predetermined stops and Take Profits do their job subjectively. A great reminder of this came once again this past Sunday where i discovered a trade i liked in the AUD/USD. It immediately went against me and when i got back to break even I pulled out. It proceeded to keep right on going to where i had planned. At least I didn't chase it but the system worked, I did not.

I have been in a mental slump the past 4-5 days and have been fucking up left and right. Perhaps i should take the rest of week off?
  • #1,572
  • Jun 26, 2014 10:03pm Jun 26, 2014 10:03pm
AUDCAD Daily Bullish bat and ABCD and Support. All lined up for good RR long trade

Scott/CN your view on this please.
Attached Image (click to enlarge)
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  • #1,573
  • Jun 26, 2014 11:14pm Jun 26, 2014 11:14pm
Good one ssaqeel. This trade has quite a bit going for it in my opinion. I went long at 1.0082 after I checked your findings. I have TP as 1.0125 and stop loss as 1.004


Thanks for posting
  • #1,574
  • Jun 27, 2014 12:25am Jun 27, 2014 12:25am
Quoting ssaqeel
AUDCAD Daily Bullish bat and ABCD and Support. All lined up for good RR long trade Scott/CN your view on this please. {image}
I have that pattern, too.
  • #1,575
  • Jun 27, 2014 12:26am Jun 27, 2014 12:26am
EU weekly. Is it a good long trade?
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  • #1,576
  • Jun 27, 2014 1:03am Jun 27, 2014 1:03am
Quoting ssaqeel
AUDCAD Daily Bullish bat and ABCD and Support. All lined up for good RR long trade Scott/CN your view on this please. {image}
Nice find ssaqeel. Currently involved in a short with target 1 attained and stops rolled to BE on remaining. Here is a look at some other possibilities developing as well.

Attached Image (click to enlarge)
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Actually there are more maybe I'll post another video on it. Might be fun if I'm in the mood. For now I'm off to get some shut eye.

As always.....

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!!!!
  • #1,577
  • Jun 27, 2014 11:32am Jun 27, 2014 11:32am
Quoting CNTrader
{quote} Nice find ssaqeel. Currently involved in a short with target 1 attained and stops rolled to BE on remaining. Here is a look at some other possibilities developing as well. {image} Actually there are more maybe I'll post another video on it. Might be fun if I'm in the mood. For now I'm off to get some shut eye. As always..... Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Hi CN, are all your Harmonic lines made from Trendlines? I tried doing that but I'm not sure if it works for me. As for now, I've got a couple more on Gold and Silver to add here and I hope to receive everyone's feedback on them.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Silver 28 June 2014 Compiled.png Size: 68 KB
Click to Enlarge Name: Gold 28 June 2014 Compiled.png Size: 68 KB
A 1 pip gain is better than a 1 pip loss.
  • #1,578
  • Jun 27, 2014 9:43pm Jun 27, 2014 9:43pm
Well, AUD/CAD busted out. Oh well. I still got the EUR/USD butterfly to trade
  • #1,579
  • Jun 30, 2014 9:44pm Jun 30, 2014 9:44pm
Quoting CNTrader
{quote} Eur/Usd Update: Hey Traders as you can see I'm still short Eur/Usd but we are coming into areas I'm watching for behavior on the Daily chart. This could be both dangerous yet fun or if your not careful blow an account lol. We have ECB and NFP this week so if you don't know what your doing grab some popcorn sit back and enjoy the show. You may learn something...or not...but you may just save your account...or not! Here is a look at just a few things I'm watching with this pair while I remain short for the time being until I see behavior...
Eur/Usd Update:

Hey Traders here is just a quick note to let you know that over the course of the next month or two I wont be posting as much as I am both in the process of relocating as well as taking family time over the summer. I will post from time to time some updates and a few of the things I'll be watching but no where near as much as I have been at least for the next month or so. Ok with that said here is the update on the Eur/Usd:

Target 1 attained
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd.Daily.gif Size: 61 KB


Have a Fantastic summer and remember.......
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!!!!
  • #1,580
  • Jun 30, 2014 9:56pm Jun 30, 2014 9:56pm
Have a good one CN. enjoy your vacation time.

About EURUSD i am for the price reaching your second big PRZ.

Quoting CNTrader
{quote} Eur/Usd Update: Hey Traders here is just a quick note to let you know that over the course of the next month or two I wont be posting as much as I am both in the process of relocating as well as taking family time over the summer. I will post from time to time some updates and a few of the things I'll be watching but no where near as much as I have been at least for the next month or so. Ok with that said here is the update on the Eur/Usd: Target 1 attained {image} Have a Fantastic summer and remember....... Enjoy, have fun, trade your plan,...
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