Making Bank: The Harmonic rhythm of the market | Page 132 | Forex Factory

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Making Bank: The Harmonic rhythm of the market

  • #2,621
  • Mar 4, 2016 7:43am Mar 4, 2016 7:43am
Quoting CNTrader
{quote} Hey Traders, as I said in the previous post regarding this pair. There will be plenty of opportunities along the way. I had a few opportunities to add to this trade and Target 1 for the long has been 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!!
This is the next area of development on the 4hr I'll be watching if the current break of structure can hold:

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Notice Target 2 comes in that area as well

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!!!!
  • #2,622
  • Mar 4, 2016 10:04am Mar 4, 2016 10:04am
Quoting CNTrader
Okay Traders here is a look at something I'm involved in. Currently I'm short this pair simply because...well...simply put because I'm a lethal assassin aka I'm a Currency Ninja. On that note these are some of the areas I'm watching. Ultimately to confirm we go much lower we need to have a sustained break of the lower TL on the chart in magenta. Beware of the bat at the structure which could provide an opportunity for quick profits and maybe a retest of the TL once it is broken. Here is a look at some analysis I'm paying attention to. Enjoy!!...
Hey Traders. Eur/Nzd update:

Looks like this trade is playing out nicely as we have gotten a nice close below the daily TL and have continued to trade below it for the past 24-48 hrs. Lets see if we can sustain below it. Time will tell.

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For now we are getting this development on the 1hr chart.

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The area highlighted in green is an area we need to remain and sustain below. Still holding my short position but this may entice some longs for a test of the daily TL. I would much rather look to the daily bat if I were looking to go long for that test but what do I know, we could start that journey to start the week next week or to end it this one so to each his/her own. ECB up next!!

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!!!!
  • #2,623
  • Mar 4, 2016 12:12pm Mar 4, 2016 12:12pm
Hi CNT great trading
I am waiting reaction on AU about 7460 1.27 extension for reaction.I think she will run out of steam soon.
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In trading, you have to be defensive and aggressive at the same time
  • #2,624
  • Mar 4, 2016 12:15pm Mar 4, 2016 12:15pm
7470 is also 200R from weekly pivot.Lots of confluence there
AC having difficulty break North of 99 as well
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In trading, you have to be defensive and aggressive at the same time
  • #2,625
  • Mar 4, 2016 12:37pm Mar 4, 2016 12:37pm
Quoting Davit
7470 is also 200R from weekly pivot.Lots of confluence there AC having difficulty break North of 99 as well {image}
Hey Davit, thanks for sharing. I'm watching this on Aud/Usd. This is a solid break above daily structure if it can close above. If it can sustain above the structure I'll be looking slightly higher to the weekly and daily sell zone. Time will tell but here is what I'm watching:

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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! 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!!!!
  • #2,626
  • Mar 4, 2016 12:46pm Mar 4, 2016 12:46pm
Quoting CNTrader
{quote} Hey Davit, thanks for sharing. I'm watching this on Aud/Usd. This is a solid break above daily structure if it can close above. If it can sustain above the structure I'll be looking slightly higher to the weekly and daily sell zone. Time will tell but here is what I'm watching: {image} {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!!
You are aiming or projecting if she breaks structure to 1618 7635 zone
It would be interesting how USD bulls react next week and leading up to Feds meeting mid March.Looks like with poor wage growth among other factors Feds will not raise again in March which should propel majors for corrections. EU in particular has about 400pips N in her waiting.
Anyway enjoy your weekend
In trading, you have to be defensive and aggressive at the same time
  • #2,627
  • Mar 4, 2016 12:47pm Mar 4, 2016 12:47pm
7600 is unrealistic on AU. month range is 360 points. month low currently holds @ 7100. Also looking for reversal 7440-7480 area, it could overshoot slights, imo will still crack and re-test 7050 this month.
  • #2,628
  • Mar 4, 2016 12:51pm Mar 4, 2016 12:51pm
Quoting Davit
{quote} You are aiming or projecting if she breaks structure to 1618 7635 zone It would be interesting how USD bulls react next week and leading up to Feds meeting mid March.Looks like with poor wage growth among other factors Feds will not raise again in March which should propel majors for corrections. EU in particular has about 400pips N in her waiting. Anyway enjoy your weekend
thanks you too brotha!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #2,629
  • Mar 4, 2016 12:51pm Mar 4, 2016 12:51pm
Quoting asgcorp
7600 is unrealistic on AU. month range is 360 points. month low currently holds @ 7100. Also looking for reversal 7440-7480 area, it could overshoot slights, imo will still crack and re-test 7050 this month.
I suggest you clean your mind what is realistic in trading.Markets go parabolic then contraction
Was UC realistic at 1.46? or GU at 1.38? too many recent examples.
Best you be flexible.
regards
In trading, you have to be defensive and aggressive at the same time
  • #2,630
  • Mar 4, 2016 12:54pm Mar 4, 2016 12:54pm
Quoting asgcorp
7600 is unrealistic on AU. month range is 360 points. month low currently holds @ 7100. Also looking for reversal 7440-7480 area, it could overshoot slights, imo will still crack and re-test 7050 this month.
Nothing is ever unrealistic but what do I know. Bottom line is if we don't get there i'll still know what to do and there will be plenty of opportunity to Make Bank which is all that really matters. Welcome to the thread and please be sure to refer to post 1 and the guidelines when deciding to post here. Thank you and thanks for sharing your thoughts on your levels.

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!!!!
  • #2,631
  • Mar 4, 2016 12:57pm Mar 4, 2016 12:57pm
Quoting CNTrader
{quote} thanks you too brotha!!
Same to you!
In trading, you have to be defensive and aggressive at the same time
  • #2,632
  • Mar 4, 2016 1:05pm Mar 4, 2016 1:05pm
Cn, thanks, keeping it cool, no worries. Seasonality is not aiding AU in March, see below, it's mixed, aside from 8% outlier in 2009. 2009 copper prices rebounded post the 07-08. 2015 march was flat. 2014 march AU went up but only by 200 points. 7600 means we are going for 7% outlier event like 2009. Seems unlikely, imo. Still you are right, multiple scenarios need to be reviewed.

PS: meanwhile, copper is dumping already. )))
Attached Image
  • #2,633
  • Mar 4, 2016 1:12pm Mar 4, 2016 1:12pm
Quoting asgcorp
Cn, thanks, keeping it cool, no worries. Seasonality is not aiding AU in March, see below, it's mixed, aside from 8% outlier in 2009. 2009 copper prices rebounded post the 07-08. 2015 march was flat. 2014 march AU went up but only by 200 points. 7600 means we are going for 7% outlier event like 2009. Seems unlikely, imo. Still you are right, multiple scenarios need to be reviewed. {image}
Thanks for sharing my friend. Much appreciated. Interesting thoughts and ideas. I hope they turn out well and help you Make Bank. I will be keeping those thoughts and ideas in mind while looking for my opportunities to develop and watching as new ones come along and work their way to development as well. Time tells all!

Thanks again and regardless of what happens always remember to......
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!!!!
  • #2,634
  • Mar 4, 2016 1:31pm Mar 4, 2016 1:31pm
Thank you Mr CN!

One thing that's lacking still is RSI followthrough, the 20 RSI is way overbought, but still did not cross the sell-trigger line, as was the case previously in a sell-off.
So AU is still a no go, we need to wait.
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  • #2,635
  • Mar 4, 2016 1:57pm Mar 4, 2016 1:57pm
Quoting asgcorp
Thank you Mr CN! One thing that's lacking still is RSI followthrough, the 20 RSI is way overbought, but still did not cross the sell-trigger line, as was the case previously in a sell-off. So AU is still a no go, we need to wait. {image}
Agreed its not ready to short yet or at least I'm not ready to short it yet. That said I did close my long earlier this morning from .7141 for 240 pips. As posted earlier I am now waiting to see what behavior happens next and then I will make my decision. Have a fantastic weekend

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!!!!
  • #2,636
  • Mar 4, 2016 1:58pm Mar 4, 2016 1:58pm
Thank you sir, you also have a good weekend and congrats on your previous trade!
  • #2,637
  • Mar 6, 2016 6:35am Mar 6, 2016 6:35am
euraud daily

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  • #2,638
  • Mar 8, 2016 7:26am Mar 8, 2016 7:26am
Hi Traders,

EURCAD, Daily
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  • #2,639
  • Mar 8, 2016 7:29am Mar 8, 2016 7:29am
EURAUD, Daily
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  • #2,640
  • Mar 8, 2016 2:10pm Mar 8, 2016 2:10pm
Hey Traders, here is a look at some ideas on big picture analysis with some ideas on what opportunities could develop on the lower TF to potentially get involved with. With the BOJ coming up next week there is always the possibility of a surprise. After all the BOJ is not going to let all their hard work to create inflation (however feable one might think it is) go to waste. That said as you can see there is still room for this pair to drop but there is also compelling reasons for a nice move higher big picture. I'm starting to watch this pair very closely as the opportunity to Make Bank is getting more and more compelling. (regardless of what any self proclaimed gurus might think this pair Must or will do according to their professional troll like opinion)

Here are 3 charts with harmonic analysis to consider:

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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! 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!!!!
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