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Harmonic Pattern Journal

  • #21
  • Aug 11, 2014 1:46pm Aug 11, 2014 1:46pm
Silver has a pinbar on Daily and is currently being overpowered by a bullish bar. We should see a retracement here. I have a pattern in place that I will update when it gets there.
A 1 pip gain is better than a 1 pip loss.
  • #22
  • Edited 10:29am Aug 13, 2014 7:41am | Edited 10:29am
Just earned 10% for the week. Further profits are just extra gains over target. Still waiting for quite a number of patterns to play out.

I feel that such comments for the journal is unnecessary as people would be viewing to learn. I don't think knowing how much I made in the week would help anyone. So here's a chart for what I'm still waiting for.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF 13 August 2014 Bullish Cypher.png Size: 10 KB
A 1 pip gain is better than a 1 pip loss.
  • #23
  • Aug 13, 2014 10:45am Aug 13, 2014 10:45am
One of the pairs that I am looking at. USDJPY is finally at my C point for a Bullish Butterfly. D is around 100.55. If it goes higher than 103.1, it will have potential to get to 103.6.

I think it will take another week for it to play out but my indicators show that there is still some upside to go.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 13 August 2014 Scenarios.png Size: 31 KB
A 1 pip gain is better than a 1 pip loss.
  • #24
  • Aug 13, 2014 11:45am Aug 13, 2014 11:45am
Nice thread, I trade also using harmonics on Daily tf. Do you also trade harmonics before the pattern has completed, like now on the usd/chf? e.g. building up shorts. Or wait till the complete bat patterns is completed?
  • #25
  • Aug 13, 2014 12:11pm Aug 13, 2014 12:11pm
Quoting jasper2603
Nice thread, I trade also using harmonics on Daily tf. Do you also trade harmonics before the pattern has completed, like now on the usd/chf? e.g. building up shorts. Or wait till the complete bat patterns is completed?
I am only trading Gold and Silver for now. The other pairs' patterns that I posted are just those I have noticed and I intend to let them go on. If it really does complete the pattern and comply with my indicators, I will take a small trade. This is actually more for learning purposes rather than to make money.
A 1 pip gain is better than a 1 pip loss.
  • #26
  • Aug 14, 2014 2:42am Aug 14, 2014 2:42am
I'm still waiting for a Silver pattern to play out. Exiting most of my metal positions now because my indicators show that prices are simply consolidating.

GBP looks like it is going to drop big time after the months of bullishness.
A 1 pip gain is better than a 1 pip loss.
  • #27
  • Aug 14, 2014 4:38am Aug 14, 2014 4:38am
AUDJPY is overstretched on 4H but Daily has room for higher.
A 1 pip gain is better than a 1 pip loss.
  • #28
  • Aug 14, 2014 7:36am Aug 14, 2014 7:36am
GBPUSD retracing? Possibly 1.678 or 1.686 before further down move.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 14 August 2014 Retracement.png Size: 25 KB
A 1 pip gain is better than a 1 pip loss.
  • #29
  • Aug 16, 2014 11:12am Aug 16, 2014 11:12am
All my silver patterns seem to be invalidated plus its taking too long to form. Daily wants retrace but weekly we may see 19.25. Good buying opportunity? I guess you just have to wait for next week's weekly candle to decide.
Attached Image (click to enlarge)
Click to Enlarge Name: Silver 16 August 2014 61.8 Break.png Size: 28 KB
A 1 pip gain is better than a 1 pip loss.
  • #30
  • Aug 16, 2014 11:16am Aug 16, 2014 11:16am
Another pair I am looking for is USDJPY. It is still in the loop for a Bullish Butterfly. The down move kicking it on Friday sort of helped it but not by much as we could see retracements coming in almost immediately after.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 16 August 2014 Still butterfly or not.png Size: 34 KB
A 1 pip gain is better than a 1 pip loss.
  • #31
  • Aug 18, 2014 11:20pm Aug 18, 2014 11:20pm
I'm expecting Silver to retrace to at least 19.965 over the coming days. Metals look really indecisive now but on Weekly it seems they could go up.
A 1 pip gain is better than a 1 pip loss.
  • #32
  • Aug 20, 2014 3:01am Aug 20, 2014 3:01am
Gold could see 1280.
A 1 pip gain is better than a 1 pip loss.
  • #33
  • Aug 21, 2014 9:06am Aug 21, 2014 9:06am
Quoting aeternum
One of the pairs that I am looking at. USDJPY is finally at my C point for a Bullish Butterfly. D is around 100.55. If it goes higher than 103.1, it will have potential to get to 103.6. I think it will take another week for it to play out but my indicators show that there is still some upside to go. {image}
Last week I had this analysis that USDJPY is possibly on a AB=CD up. And we are at the PRZ at the moment. It could be sell time here. My indicators are saying so as well.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 21 August 2014 ABCD.png Size: 35 KB
A 1 pip gain is better than a 1 pip loss.
  • #34
  • Aug 21, 2014 9:08am Aug 21, 2014 9:08am
Quoting aeternum
{quote} Posted a while back, this is the update for the weekend and the one to watch. Any further support breaks and we should get to 1262. {image}
Since the start of my thread I was looking at Gold Bullish Gartley possibly forming. As of now it is heading towards the PRZ.

Charts were dated 2 August and 9 August with the last being today's chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Gold 2 August 2014 Bullish Gartley.png Size: 27 KB
Click to Enlarge Name: Gold 9 August 2014 Bullish Gartley.png Size: 41 KB
Click to Enlarge Name: Gold 21 August 2014 Bullish Gartley.png Size: 32 KB
A 1 pip gain is better than a 1 pip loss.
  • #35
  • Aug 21, 2014 9:11am Aug 21, 2014 9:11am
And to admit I have been doing rather badly the past couple of weeks. I promised not to look at the forums for direction too often and I ended up being too bored. I shall stick to what I have been doing before my forum-reading spree and focus on my own trading strategy as it has been making me money before this catastrophe.

Back to focusing on EURUSD, USDJPY, Gold and Silver only.
A 1 pip gain is better than a 1 pip loss.
  • #36
  • Aug 21, 2014 9:45am Aug 21, 2014 9:45am
Quoting aeternum
And to admit I have been doing rather badly the past couple of weeks. I promised not to look at the forums for direction too often and I ended up being too bored. I shall stick to what I have been doing before my forum-reading spree and focus on my own trading strategy as it has been making me money before this catastrophe. Back to focusing on EURUSD, USDJPY, Gold and Silver only.

All the time you are learning. Take your bad experiences as good opportunities to improve your skills, if you are a persistence person, you will be sure very successful!!!
  • #37
  • Aug 21, 2014 9:58am Aug 21, 2014 9:58am
Quoting wind.rpha
{quote} All the time you are learning. Take your bad experiences as good opportunities to improve your skills, if you are a persistence person, you will be sure very successful!!!
Thank you very much for the encouragement! I do agree that bad experiences will help improve me but I have had plenty and I believe with the right attitude and system, it is possible to start building good experiences as of now.

It seems that having patience and confidence in the strategy will go a long way. I'm glad to see the amount of pips you have gotten throughout the past weeks. Hopefully I will get to where you are soon.
A 1 pip gain is better than a 1 pip loss.
  • #38
  • Edited 9:00am Aug 24, 2014 8:43am | Edited 9:00am
Keeping my eye on a few patterns. Found one on Silver which has a rather aggressive C Long but I have no confidence to take the trade. Let's just see what happens for now.

Waiting on Gold, EURUSD and USDJPY PRZ confirmations as well.

Edit: Digged up more harmonics on Gold. If we don't break 123x by end of September, we are highly likely to be in a AB=CD pattern with a PRZ at 1448.8x. Sounds like a lot of money to be made if we really do not break it.
A 1 pip gain is better than a 1 pip loss.
  • #39
  • Aug 26, 2014 9:45am Aug 26, 2014 9:45am
Gold could still do this but 78.6 of XA and 127 of AB seems too far apart for this to be nice enough to take as a trade. Also this will only happen if it breaks 123x lows. Break above 133x will invalidate this move.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold 26 August 2014 Post on Thread.png Size: 43 KB
A 1 pip gain is better than a 1 pip loss.
  • #40
  • Aug 27, 2014 2:58am Aug 27, 2014 2:58am
EURUSD, seems like it bounced off.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 27 August 2014 FE.png Size: 41 KB
A 1 pip gain is better than a 1 pip loss.
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