Harmonic Pattern Journal

Finally have time to make another chart. No confidence in trading Gold anymore after all the losses. Giving 2 weeks for this to run.

Spent some time looking for some new harmonic patterns. Let's see how this plays out.

Gotten to that AB=CD and Bearish Cypher mode, target at 1240 was hit but this was just a paper trade. Next one is looking for 1198 for a long and I will likely take it this time.

Some downside should happen soon here. Lovely pattern up so far.

Missed the huge NZDUSD spike early for 30 pips within a short 5-10 mins period. No worries, have a pattern for Gold up here. Removed my pending order a while ago because it was taking a while to get down there but it bounced off rather violently. Looking for 1240 - 1297. Pattern indicates possible 1415, but it will take a month or two to get there, and I'm not a fan of such long term trading.

GBPNZD downwards trendline at 2.073. Expect hit and drop. Yet to break 38.2 of the move lower. Still looking for 2.02852 move.

A break above 2.08418 would limit downside movement.

I have decided to remove my trade explorer. Seems there have been people following and unfollowing me because of the trades I have made. Please don't follow me just cause my explorer is green. I am managing my risk to withstand heavy hits. If you decide to go big and lose, sure as hell isn't my fault.

Looking at GBPNZD downwards trend line as well.

Also, some people are desperate enough to ask for good calls/trades on their threads yet think that they are being magnanimous and helping others while they are being desperate fools themselves. I pity such people. It is pretty obvious who is giving off bad signals and being desperate enough to ask for good signals yet try to pose it as trying to help others. Unless you're the one giving such excellent calls and great advice to newbies and traders who wish to learn, you should seriously just stand aside and shut up. But then again, if you are so perfect and excellent with all your Gold Seasons and VSA talks, would you even be wasting your time posting here? Just spend 1 hour on Forex and have a 23 hour day off. Why bother coming here at all?

GBPNZD trades gave me a heart attack yesterday. Maybe I should be more patient instead of shorting every chance I get.

Looking for a possible bounce here, hopefully not an AB=CD up move.

Also on Gold, been eyeing this pattern for a while. Looking for a bounce off current levels.

Don't often trade GBPUSD as well. But just happened to come across this. Longer term looking for a down move. We have bounced from the 2013 lows. Might be an AB=CD down move.

GBPNZD has continued its descent, breaking 2.05 support level. Initially expecting a bounce off a Fib level, and we got it at 38.2.

May get an AB=CD downwards move to 2.03x or bounce off here, which is 78.6 of the up move, up towards about 2.082x where previous resistance from 11 Feb is at. Seeing as it got down to 78.6, upwards momentum is definitely weak. But this pair's volatility prevents a confirmation of anything. Also looks like a possible head and shoulders.

Shall see if it tests 2.03x support levels.

Was actually short EURUSD, TP 1.12... We are 10 pips away from that but I have closed my positions long ago. What a sad day.

Note to self: Yes, you don't lose money, but you could have gotten more out of the trade. Stick to the plan!

Based on monthly charts, AUDNZD and EURNZD are at one of the lowest points from as far back as I can see. Longs here can give pretty good risk to reward ratio despite negative interest. Can look to make a couple of hundred pips off the lows.

Seems like Gold has a chance to break higher here. Higher lows and we're smacking against 1220 resistance.

I was shorting GBPAUD and AUD news caused it to shoot down. Unfortunately I was doing something else and missed out on larger profits. Only managing to close for half. I'm still $30 up. But note to self, to pay attention to my trades when there is incoming news.

After some quick calculations, I have made 113.72% gain on February. I have been more positive than ever about trading. Having a strong annual target, and then knowing what you need every month and in turn every day (22 days in a trading month) results in making you hustle to take some good trades. I am planning to hit at least 100% again in March or better my February results. Let's see how this year shall end after I clear my losses in my other sub-accounts. I will upload a brand new explorer once my losses have all been cleared.

Clear sub-account loss. Realized one of them is not an MT4 account so I will have to earn extra on this remaining sub-account! 100% gains will probably mean I can recoup everything within a month or slightly more!

I want to be a little crazy here and say, I see GBPUSD going up to 1.58. No idea how long it would take. Maybe a month or two. But it looks possible. Unless the Fed decides to rate hike within these couple of months.. Otherwise, it should go up.

Once again with all the hoping and praying and predicting, I have over-leveraged and made a loss. I cut my losses when GBPUSD decides to range at current levels which just about shows how bad of a trader I am when it comes to holding losers.

As a reminder to self, I need to stop hoping, praying, predicting, wishing and over-leveraging on hopeless trades.

February performance tells me that I can make it. And I was actually up almost 30% in the first week of March alone. I will give this another try and keep this post in mind.