EURUSD

You welcome

Traders in this thread have been very confused over the EURUSD of late. Yet, the same sequence of events that caused the pattern below to emerge on 9/9/2017 have remained in place through 9/13/2017 as predicted:

What changed? Absolutely nothing thus far.

Whenever you see an ABCD | XABCD (unbroken) | ABCD pattern, that signifies a hold of the entry position. The only thing that breaks that decision is a break of the DACA Stack seen below on 9/9/2017. When you have a bunch of Pint D and Point B levels above the entry level then you know you are in the right position - in this case, Long. The DACA Stack tells you what side of the market to be on.



Jumping in and out of positions like most of you have done here and randomly picking Short positions against the Stack is what the Institutions call "Dumb Money." Those are not my words - that is what they call you when you don't see their Accumulation Phase taking place - directly under your nose. This Accumulation Phase has been playing out over the past 48-72 hours in the EURUSD.

*&^*&*($(&*$&(*(@_+) ... done

A very simple review:

Concrete ABCD first, followed by embedded XABCD second, followed by confirmed ABC'D' with its 'D' pending as the projected target.

I call this Encapsulated Harmonics and it leads to a Wedge,Triangle or Pennant. It is the mechanics or the geometry of the Harmonics within the encapsulated pattern that should have historical relevance which provides the confidence level. Are they perfect? No. But, they are damn close. Anyone having traded this for the past 24 hours has been in a very comfortable position while others who can't see have been pulling out their hair in total confusion.

What breaks this EHP (Encapsulated Harmonic Pattern)? The market would have to bust the DACA Stack which is the Low of 9/9/2017. What can bust the DACA Stack?

- News
- Economic Report(s)
- Black Swan
- CB Intervention

If none of that happens and you are not Long, you will wish you had been.

Nice Pennant. The question is - is it a Bullish Pennant or a Bearish Pennant. I guess my entry from yesterday gives that away, but all others who have been bouncing in and out of the market need to understand the answer to the question.

FX Logix
dear friend, you are far away more advanced than me [at least...]. Your posts and charts are exceptional.

You will be of great help if you post here your thoughts and strategies.

I raise my SL on shorts up to 1.12 93 , concidering as probable one more push upwards.
IF it doesn't occur then a selling order at 1.12 15 on stop will do the job.

And, of course, a Complimentary (smaller) Standard Harmonic joins the foray right on schedule (Orange):

Sooooo a pattern trader from the future? How's 2017 ? ÂÂÂIs Austin Powers or Doctor Evil around to play with you? Yeah baby yeah ÂÂ​
So we normal short old 2016 traders are Dumb?? OK. Go chase ABCDZXDDCCB

Personally, the Short emphasis is just not at play right now unless somebody starts screwing with the market and of course, sometimes somebody starts screwing with the market - that's just the nature of the business and when that happens, you need to know how to recovery lost capital so that your only setback is Time, not money.

Second, one could be giving money away with the various gyrations in jumping in and out of positions needlessly. A good study of Harmonics, at least in this particular market scenario, would help to prevent that.

Third, studying Harmonics independently is good Brain Training for Trading. It simply makes your a more creative trader and it helps you spot things that others who don't study the "art" might not see.

Lastly, the market does absolute nothing but ABCD or XABCD. All the time. All day long. All week long. All month long. All year long - in multiple Time Frames. This stuff is happening all the time. So, if there are patterns taking place all the time in the market, it might be wise to look into those patters, study them and learn how to recognize them at-a-glance of a chart. It does not take long to learn how, but it does take a lot of repetition which is very easy to do as there are many charts out there with plenty of historical data to pick from.

You can start here as a primer:


More detail here:


Larry, is a good guy. I've spoken with him personally. He did not create Gartley Patterns, but he's one of the few who truly understands the regime of Harmonic Patterns in general. So, not a bad place to begin your education in that area. The rest will be your commitment to learning, interpreting and applying them to your TEST TRADING environment before you start trying to use them with real money.

And, yes - they do often times lead directly into all the Line Geometry Patterns such as Triangles, Pennants, Flags, etc. .

Lastly, if you have not read the book Fibonacci Analysis, by Constance Brown, I would highly recommend that you make it part of your Trader's Library. She deals with the issue of Confluence in ways that few have and being able to see the Confluence taking place really does help in better understanding the Harmonic Patterns as they emerge. At some point, you will be more than prepared to recognize these constructs in the market at any time frame, under any conditions and without the aid of any software. Of course, if you want to automate your trading around them, then you will indeed need some kind of encoded model on your platform to do that.

Good hunting.

Dumb Money Defined:
https://www.bloomberg.com/view/artic...e-smart-money-

Dumb Money Defined:
http://www.bankonyourself.com/whats-...art-money.html

This is what they call Dumb Money. This is how they define Dumb Money. The term should be very well understood by anyone considering themselves a Forex Trader. It has been a term that Institutions have been using for eons in the financial markets.

Don't be the Dumb Money. Be the Smart Money. They too have a definition that is eons old.

FX Logix ,
thank you for your time and input. I really appreciate it, personally

I have Larry in great esteem, and know part of his work . This one , not.

Chasing Harmonics is impossible. It is by definition a Leading Indicator. If you are chasing it then you are not applying it correctly. Waiting for the pattern to come to you and not chasing after it, is the proper way to apply it.

Thank you. Larry, is a good guy. A bit on the esoteric edge when it comes to Astro-Analysis of markets but he's well rooted in the Harmonics of the market.

Done:

61.8 of the complimentary (smaller) XABCD come in as predicted. A 78.6 only reinforces the overall pattern, if that were to happen:

Good one..

Now converting into a Partial Two Day Ascending Triangle which is also Bullish. So, this has a larger Five Day Pennant connected to a smaller Two Day Ascending Triangle. Both are Bullish patterns historically:

Can we have a Short trader roll call? Just check in if you are Short the EURUSD right now. Don't be shy.

I like your type of analysis since your last account by the way