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Making Bank: The Harmonic rhythm of the market

  • #1,941
  • Jan 13, 2015 7:52am Jan 13, 2015 7:52am
Quoting CNTrader
{quote} Now this is what my Nzd/Usd 15m chart trade looks like. targets 1 and 2 attained {image} Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!
And this is what I'm watching next on it:

Attached Image (click to enlarge)
Click to Enlarge Name: NzdUsd 15m2.gif Size: 69 KB


Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #1,942
  • Jan 13, 2015 2:18pm Jan 13, 2015 2:18pm
Hey Traders, watching this on Gbp/Aud 4hr as well.


Attached Image (click to enlarge)
Click to Enlarge Name: GbpAud.gif Size: 67 KB




Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #1,943
  • Jan 13, 2015 2:32pm Jan 13, 2015 2:32pm
i guess those white lines are inverse Head and Shoulders .

Quoting CNTrader
Hey Traders, watching this on Gbp/Aud 4hr as well. {image} Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!
  • #1,944
  • Jan 13, 2015 3:10pm Jan 13, 2015 3:10pm
Quoting CNTrader
Hey Traders, watching this on Gbp/Aud 4hr as well. {image} Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!
CNTrader,

Gbp/Jpy as well
  • #1,945
  • Jan 13, 2015 3:49pm Jan 13, 2015 3:49pm
Quoting ssaqeel
i guess those white lines are inverse Head and Shoulders . {quote}

lol.


Actually there is a mixture of H&S with an AB+CD potential development. Both are seen better on the 1hr and 15m charts. I'm just not feeling well enough to go crazy with posting all the time frames. Good eye my friend

Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #1,946
  • Jan 13, 2015 4:47pm Jan 13, 2015 4:47pm
Quoting CNTrader
{quote} lol. Actually there is a mixture of H&S with an AB+CD potential development. Both are seen better on the 1hr and 15m charts. I'm just not feeling well enough to go crazy with posting all the time frames. Good eye my friend Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!
Here is the chart scrolled down to 15m. Not involved yet but watching here closely and will be watching the bullish bat buy zone closely as well. Assuming I'm not passed out asleep. If so...oh well Next!! lol


Attached Image (click to enlarge)
Click to Enlarge Name: GbpAud.15m.gif Size: 64 KB


Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #1,947
  • Jan 14, 2015 6:24pm Jan 14, 2015 6:24pm
Hey Traders watching this on Eur/Gbp:

Attached Image (click to enlarge)
Click to Enlarge Name: EurGbp 4hr.gif Size: 69 KB



Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #1,948
  • Jan 14, 2015 8:15pm Jan 14, 2015 8:15pm
Quoting CNTrader
Hey Traders watching this on Eur/Gbp: {image} Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!
Thank you for that one, deleted off my desk.

Quite the zone, three there.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPMonthly114.jpg Size: 177 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #1,949
  • Jan 15, 2015 7:07am Jan 15, 2015 7:07am
Well Traders as I said a few pages back about the swissy. Unless something fundamental changes the Euro and Swissy will move in the same direction agaisnst the USD. Well something fundamental changed and shocked the world lol. I just woke up to this:

Attached Image (click to enlarge)
Click to Enlarge Name: UsdChf weekly.gif Size: 57 KB

stops cleared

and this:

Attached Image (click to enlarge)
Click to Enlarge Name: ChfJpy daily.gif Size: 35 KB


I would say the pattern is invalidated lol

Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #1,950
  • Jan 15, 2015 7:56pm Jan 15, 2015 7:56pm
Quoting CNTrader
Well Traders as I said a few pages back about the swissy. Unless something fundamental changes the Euro and Swissy will move in the same direction agaisnst the USD. Well something fundamental changed and shocked the world lol. I just woke up to this: {image} stops cleared and this: {image} I would say the pattern is invalidated lol Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!
Would you expect USDCHF to continue its inverse correlation with EURUSD or would they be in sync now that the floor has been broken?
A 1 pip gain is better than a 1 pip loss.
  • #1,951
  • Jan 16, 2015 8:07am Jan 16, 2015 8:07am
Quoting aeternum
{quote} Would you expect USDCHF to continue its inverse correlation with EURUSD or would they be in sync now that the floor has been broken?
No I do not expect them to trade that way anymore as the floor has been removed and therefore the correlation of trading step by step inversely has been removed. That said it doesn't mean that the Swissy will continue to get stronger and stronger against the USD. Yesterday's move was just a shock to the Market and the market responded accordingly. Keep this in mind moving forward. The SNB also announced a further reduction to an already negative deposit rate. Swiss bank account holders will now be paying 0.75% for the Grand Privilege of leaving funds on deposit in their banking system. After shocking the world, Jordan, Chief of the SNB, also said in his press conference that the Swiss franc dramatically overshot and that he expected it to ultimately reflect the fundamentals of a soft Swiss economy with negative deposit rates which is just about to get even softer IMO. His statement recognizes the huge dislocation in USD/CHF that has resulted from the SNB’s actions. Granted this acknowledgement doesn't make the people who just got taken to the cleaners feel any better but he does make a good point. The point remains that the Fed and the SNB remain on divergent monetary policy paths. The Fed is exiting emergency policies, while the SNB is going further down the path of aggressive, extraordinary easing policies. This fundamentally drives capital out of Switzerland and into U.S. assets. Again the best Horse in the Glue factory The Swiss can now buy a whole lot more U.S. treasuries and U.S. stocks than they could 2 days ago at this time. So ultimately, from a Macro Economic standpoint, like the Euro, the Swissy will also lose value against the USD. Just not step by step tick by tick inversely as it did when the floor was placed 3 1/2 yrs ago. So with that said.....

Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #1,952
  • Jan 16, 2015 8:37am Jan 16, 2015 8:37am
Quoting CNTrader
{quote} No I do not expect them to trade that way anymore as the floor has been removed and therefore the correlation of trading step by step inversely has been removed. That said it doesn't mean that the Swissy will continue to get stronger and stronger against the USD. Yesterday's move was just a shock to the Market and the market responded accordingly. Keep this in mind moving forward. The SNB also announced a further reduction to an already negative deposit rate. Swiss bank account holders will now be paying 0.75% for the Grand Privilege of...
Awesome analysis. Saw a similar post somewhere in the forums as well about longing here being a no brainer. Of course, not expecting it to make a 3-4 hour up move. At least now for the first time in my trading life, I get to see some real movement in EURCHF. Its a new market to me since I was not trading 3 years back.
A 1 pip gain is better than a 1 pip loss.
  • #1,953
  • Jan 16, 2015 9:27am Jan 16, 2015 9:27am
Quoting CNTrader
{quote} No I do not expect them to trade that way anymore as the floor has been removed and therefore the correlation of trading step by step inversely has been removed. That said it doesn't mean that the Swissy will continue to get stronger and stronger against the USD. Yesterday's move was just a shock to the Market and the market responded accordingly. Keep this in mind moving forward. The SNB also announced a further reduction to an already negative deposit rate. Swiss bank account holders will now be paying 0.75% for the Grand Privilege of...


Hmmm...didn't know you were such a fundie guy? I for one, am proud to be the world's tallest little person!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADMonthly116.jpg Size: 188 KB
Click to Enlarge Name: USDCADWeekly1162.jpg Size: 214 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #1,954
  • Jan 16, 2015 11:34am Jan 16, 2015 11:34am
Quoting Mr. Scott
{quote} Hmmm...didn't know you were such a fundie guy? I for one, am proud to be the world's tallest little person! {image} {image}
Lol only when I'm bored haha. Fundie Mumbo Jumbo

Gbp/Cad:

Attached Image (click to enlarge)
Click to Enlarge Name: GbpCad.15m.gif Size: 65 KB


Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #1,955
  • Jan 16, 2015 7:07pm Jan 16, 2015 7:07pm
Anyone else noticed the FF logo is now upside down?
A 1 pip gain is better than a 1 pip loss.
  • #1,956
  • Jan 17, 2015 1:52pm Jan 17, 2015 1:52pm
Quoting Mr. Scott
{quote} Yes but one more. Swissy. Euro we know but... {image} {image}
This looks so awkward right now ... techs are not working when hell bursts open and it did last wednesday ... the madness continues the upcoming week with some BOJ stuff, ECB AAAAAND Greek elections.
Fix up, trade sharp ...
  • #1,957
  • Jan 17, 2015 1:53pm Jan 17, 2015 1:53pm
Quoting aeternum
Anyone else noticed the FF logo is now upside down?
Yes ... maybe because the FX world is upside down as well now?
Fix up, trade sharp ...
  • #1,958
  • Jan 17, 2015 2:05pm Jan 17, 2015 2:05pm
Quoting Hickson
{quote} This looks so awkward right now ... techs are not working when hell bursts open and it did last wednesday ... the madness continues the upcoming week with some BOJ stuff, ECB AAAAAND Greek elections.
Don't worry buddy, still working. Maybe zoom swissy to see...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDMonthly117.jpg Size: 194 KB
Click to Enlarge Name: USDCHFMonthly117.jpg Size: 203 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #1,959
  • Jan 17, 2015 4:24pm Jan 17, 2015 4:24pm
Quoting Mr. Scott
{quote} Don't worry buddy, still working. Maybe zoom swissy to see... {image} {image}
Thanks for charts, but you know ... there is something between these levels too. E/U did not care about whole clusters of Fibs ... such a move is certainly not normal. I do not want to talk about EUR/CHF. Speechless. Next week will be a low leverage week for me for sure because the market might go crazy again. What pairs to trade? Certainly nothing with CHF ...
Fix up, trade sharp ...
  • #1,960
  • Jan 18, 2015 9:14am Jan 18, 2015 9:14am
Quoting Hickson
{quote} Yes ... maybe because the FX world is upside down as well now?
It sure is Probably gonna have some wild opening gaps coming.
A 1 pip gain is better than a 1 pip loss.
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