I still need a trading break soon!!! "Loose some to win more" --Baher A.
- #1,075,602
- Sep 13, 2016 2:00pm Sep 13, 2016 2:00pm
Back to the big picture. The smaller Ascending Triangle has become relatively moot on the H1. The 5 Day Triangle has been converted to a 5 Day Bullish Pennant on the H1 with the same 72hr projection for upside movement:
FXLogix - The Dawn of the Modern Era in Currency Trading
- #1,075,603
- Sep 13, 2016 2:02pm Sep 13, 2016 2:02pm
- Joined Jan 2011 | Status: Trader | 1,560 Posts
Back to the big picture. The smaller Ascending Triangle has become relatively moot on the H1. The 5 Day Triangle has been converted to a 5 Day Bullish Pennant on the H1 with the same 72hr projection for upside movement: {image}
I still need a trading break soon!!! "Loose some to win more" --Baher A.
- #1,075,604
- Sep 13, 2016 2:15pm Sep 13, 2016 2:15pm
And, with all the Accumulation taking place to the downside, a new Bearish Standard Harmonic has just arrived with its Point D, just above the Bullish Standard Harmonic's Stack. This means that there are now two (2) competing Standard Harmonic Patterns, both having their point of origin on 9/9/2017. Each one has its own Stack. The Bullish Harmonic's Stack is more developed at "DACA" while the Bearish Harmonic's Stack is "A." This of course, now taking place within a larger 5 Day Bullish Pennant.
FXLogix - The Dawn of the Modern Era in Currency Trading
- #1,075,605
- Sep 13, 2016 2:16pm Sep 13, 2016 2:16pm
FXLogix - The Dawn of the Modern Era in Currency Trading
- #1,075,606
- Sep 13, 2016 2:23pm Sep 13, 2016 2:23pm
- Joined Jun 2015 | Status: Trader | 14,961 Posts
And, with all the Accumulation taking place to the downside, a new Bearish Standard Harmonic has just arrived with its Point D, just above the Bullish Standard Harmonic's Stack. This means that there are now two (2) competing Standard Harmonic Patterns, both having their point of origin on 9/9/2017. Each one has its own Stack. The Bullish Harmonic's Stack is more developed at "DACA" while the Bearish Harmonic's Stack is "A." This of course, now taking place within a larger 5 Day Bullish Pennant. {image}
​Enlighten us, with the shorts, where is your stop-loss, and when will you say enough 
Â
I'm closing 1/3 about 1.12 and add more if more spikes up. As mentioned this morning.
GL to my friends.
Beware of robber banks (RB), bad advisors.
- #1,075,607
- Sep 13, 2016 2:30pm Sep 13, 2016 2:30pm
- Joined Jan 2011 | Status: Trader | 1,560 Posts
{quote} Excellent....
Great.. Then you will be adding more and then we can both close 1/3 at 1.2 my friend..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
- #1,075,608
- Sep 13, 2016 2:37pm Sep 13, 2016 2:37pm
And, here we can see what a potential Transformation looks like by adding in the older and larger Bullish Harmonic patter (yellow) in with the smaller and newer Bearish Harmonic pattern (blue). We can also see the side-by-side encoding taking place with the shared elemental positions at Points "AX" and at Points "BA."
This puts Point "A" of the Bullish Harmonic at the same price level as Point "X" of the Bearish Harmonic. And, it puts Point "B" of the Bullish Harmonic at the same price level as Point "A" of the Bearish Harmonic. That co-existence at the same price levels within two of the same Type of Harmonic patterns is what I call a Structural Transformation. In a Structural Transformation there will always be one or more opposing Point D price levels. In this case, there are two. One Bullish "D" and one Bearish "D."
Market price sits at Bearish D and directly at the original Long Entry level, while being above the original larger Harmonic structure's DACA Stack. This essentially means the market has done nothing more than cycle itself to the lower end of the original Bullish Harmonic structure within a narrow D1 ATR, giving short term Scalpers something to talk about and feel good about.
Scalpers have to eat too - there is nothing wrong with allowing Scalpers a seat at the table. Just understand who does all the Hunting, Cooking and Cleaning in the Castle and you will limit your risk better than most;
This puts Point "A" of the Bullish Harmonic at the same price level as Point "X" of the Bearish Harmonic. And, it puts Point "B" of the Bullish Harmonic at the same price level as Point "A" of the Bearish Harmonic. That co-existence at the same price levels within two of the same Type of Harmonic patterns is what I call a Structural Transformation. In a Structural Transformation there will always be one or more opposing Point D price levels. In this case, there are two. One Bullish "D" and one Bearish "D."
Market price sits at Bearish D and directly at the original Long Entry level, while being above the original larger Harmonic structure's DACA Stack. This essentially means the market has done nothing more than cycle itself to the lower end of the original Bullish Harmonic structure within a narrow D1 ATR, giving short term Scalpers something to talk about and feel good about.
Scalpers have to eat too - there is nothing wrong with allowing Scalpers a seat at the table. Just understand who does all the Hunting, Cooking and Cleaning in the Castle and you will limit your risk better than most;
FXLogix - The Dawn of the Modern Era in Currency Trading
- #1,075,609
- Sep 13, 2016 2:57pm Sep 13, 2016 2:57pm
- Joined Jun 2015 | Status: Trader | 14,961 Posts
{quote} Great.. Then you will be adding more and then we can both close 1/3 at 1.2 my friend..
Can we have a poll: who's short or long ? It will be fun. Â I'm short till FridayÂ
Beware of robber banks (RB), bad advisors.
- #1,075,610
- Sep 13, 2016 3:03pm Sep 13, 2016 3:03pm
- Joined Jan 2011 | Status: Trader | 1,560 Posts
{quote} I enjoy good joke and fine company. So you are long Baher. Come on....ÂÂ Can we have a poll: who's short or long ? It will be fun. Â I'm short till FridayÂ
Yes.. You are always great company pal.. And I had missed you "lots" while you were on vacation! I still need a trading break soon!!! "Loose some to win more" --Baher A.
- #1,075,611
- Sep 13, 2016 3:04pm Sep 13, 2016 3:04pm
{quote} Excellent....
There is no "stop-loss" in the way I trade personally. Stop losses are typically used by those who don't have Trade Recovery skills. Scalping is effective right up until the point where the Institutions are done Accumulating. After that, Scalping becomes high risk trading and not something I will typically engage in. Brexit has caused a reduction in consistent EURUSD volumes. That in turn slows down the development of Harmonic Patterns and increases Harmonic Mutations during the fulfillment cycle of larger Standard Harmonic Patterns.
Everything I do in the markets is pre-calculated and with forethought. The Recovery Phase replaces Stop Losses and any Recovery Phase is defined as a negative working capital position(s). That is defined in my book of trading as simply positioning for recovery of capital, not for extending profits. I don't believe in losing capital long term. So, the way I handle my internal accounting might differ from someone who uses stops as my horizon for taking profits is variable and dependent upon the outcome of the previous trade.
The Recovery Phase in this case, if it ever becomes necessary, is as follows:
It consists of a re-entry Long using the Confluence between Bullish Harmonic pattern AB leg 1.27 to 1.618 extension and the Bearish Harmonic pattern BC leg 1.27 to 1.618 extension. Since neither Bullish Harmonic nor Bearish Harmonic extensions have any overlap, I take the two extensions from each one that are closest to each other on the Y-axis of the chart. In this case, that produces a Recovery Entry Zone roughly .1188 and .1178, representing a roughly 30 pip negative working capital recovery requirement en route to a 90 to 100 upside target.
So, when I enter a Recovery Phase, I expect the market to pay me back with interest. My Recovery Phases are never less than 3:1. So, even when I lose, I win.
Enlightenment enough?
FXLogix - The Dawn of the Modern Era in Currency Trading
- #1,075,612
- Sep 13, 2016 3:19pm Sep 13, 2016 3:19pm
- Joined Jun 2015 | Status: Trader | 14,961 Posts
{quote} There is no "stop-loss" in the way I trade.... My Recovery Phases are never less than 3:1. So, even when I lose, I win. Enlightenment enough?
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While i see somewhat a martingale.....
Anyway, no offence to anybody, but I'm going into the video-posting business
€‹ Â​Please enjoy.
Mind you, I'll make a little cartoon afterwards, for broadcast later.
Â
https://m.youtube.com/watch?v=hDIbYXM2jK0
Â
Beware of robber banks (RB), bad advisors.
- #1,075,613
- Sep 13, 2016 3:29pm Sep 13, 2016 3:29pm
And, that brings us to the latest Harmonic structures now in effect. This is why it is very important to understand the structure of the market. Given all the small gyrations taking place since yesterday, all the emotional connection being built into the retail market to the downside and with some Harmonic Mutations taking place in real-time (as you've seen here), where are we relative to the original entry?
- From a Directional standpoint nothing has changed and we are once again net positive in the trade.
- From a Harmonics structural standpoint there has been the introduction of a Potential Transforming Bearish Harmonic.
- From an integration standpoint the entire structure remains Bullish.
- There are now two competing Standard Harmonic Structures (Bullish and Bearish) - both Gartley-like in their make up.
The real-time revised Harmonic picture:
- From a Directional standpoint nothing has changed and we are once again net positive in the trade.
- From a Harmonics structural standpoint there has been the introduction of a Potential Transforming Bearish Harmonic.
- From an integration standpoint the entire structure remains Bullish.
- There are now two competing Standard Harmonic Structures (Bullish and Bearish) - both Gartley-like in their make up.
The real-time revised Harmonic picture:
FXLogix - The Dawn of the Modern Era in Currency Trading
- #1,075,614
- Sep 13, 2016 3:33pm Sep 13, 2016 3:33pm
- | Joined Oct 2015 | Status: Seize the day!! | 85 Posts
A lion doesn't concern itself with the opinion of sheep.
- #1,075,615
- Sep 13, 2016 3:39pm Sep 13, 2016 3:39pm
- Joined Aug 2016 | Status: Trader | 10,367 Posts
3:35 = 1.12 17 that's as far as it can go. The only thing I see now is the downside potential.
Different eyes wear different glasses
My SL is very far @ 1.12 61 . I will be surprised if it goes above 1.12 30.
Timewise we are due for a reversal .
Different eyes wear different glasses
My SL is very far @ 1.12 61 . I will be surprised if it goes above 1.12 30.
Timewise we are due for a reversal .
- #1,075,616
- Sep 13, 2016 3:40pm Sep 13, 2016 3:40pm
{quote} Ok. It was plenty 
Updates tomorrow.
FXLogix - The Dawn of the Modern Era in Currency Trading
- #1,075,617
- Sep 13, 2016 3:57pm Sep 13, 2016 3:57pm
{quote} Assuming the recovery phase tanks as well, what happens next?
Assuming a catastrophic Harmonic Structural Failure, the nearest Large Scale Digital Geometry Structure would be used for Recovery Phase. The assumption I've made here takes into account some of the wild projections I've seen in this thread recently on the EURUSD of 1.1088. That a near 106 pip bearish move from current close. Aside from the fact that it would take a nuclear detonation to move the EURUSD that much in less than 24 hours given the hold volatility that Brexit has had on the pair for a while, if that kind of volatility did return to the pair, that would bode very well for its bigger Digital Geometric Structures as well and they too have historical relevance.
A re-entry Long would be gladly commenced at 1.1088 and the DG Structure gives the time frame for the Recovery Phase to resolve itself. It is all a matter of Scale and Time:
Notice how the larger Digital Geometry Structure Target line correlates with the smaller one now in progress. That is not merely a coincidence or happenstance.
FXLogix - The Dawn of the Modern Era in Currency Trading
- #1,075,618
- Sep 13, 2016 4:06pm Sep 13, 2016 4:06pm
{quote} Assuming the recovery phase tanks as well, what happens next?
This kind of market behavior is taking place all the time and at all time frames. Everywhere you look in the financial markets, you can witness this behavior. You just need to know how to find it.
FXLogix - The Dawn of the Modern Era in Currency Trading
- #1,075,619
- Sep 13, 2016 4:12pm Sep 13, 2016 4:12pm
So, maybe the EURUSD does go lower. I don't know and really, I don't care. What I care about is that at some point, I get to hook-up to a Structure that solves all problems. Either outright, or by issuing the market a loan and simply asking that it repay me with a little interest and a small fee.
Heck, brokers do it don't they. They take commissions and fees. I am no different. If I issue a loan, I require interest and a loan initiation fee to cover the cost of my time for having that capital tied up in recovery.
Hey, I've got a business to run, too. The "market" is not the only entity running a business here. Time is money.
Heck, brokers do it don't they. They take commissions and fees. I am no different. If I issue a loan, I require interest and a loan initiation fee to cover the cost of my time for having that capital tied up in recovery.
Hey, I've got a business to run, too. The "market" is not the only entity running a business here.
Time is money.
FXLogix - The Dawn of the Modern Era in Currency Trading
- #1,075,620
- Sep 13, 2016 4:18pm Sep 13, 2016 4:18pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!