FX:CADJPY   Canadian Dollar/Japanese Yen
330 22 19
a year ago
Hey traders! we have a bullish trend installed now we have a bullish Cypher pattern almost active. Good Luck!
a year ago
Trade closed: target reached
bilalabidkhan
a year ago
Morshed Vhai, I will enter at 91.50 Level.
+1 Reply
morshedul.sazid bilalabidkhan
a year ago
Good luck bhai!
+1 Reply
I think this can work short term there was another long pattern yesterday i believe , i took the short position yesterday. Lets see Good Luck
+1 Reply
KevinSinghDhaliwal KevinSinghDhaliwal
a year ago
snapshot
Reply
morshedul.sazid KevinSinghDhaliwal
a year ago
Thanks! same to you Kevin :)
+2 Reply
romeo2858
a year ago
No intention for changing your trade plan.
Just a brief on EW view...
On 1H...pattern may be seen a possible bullish cypher pattern as per your description.

But looking at kevinsingh D chart, obviously its forming 5 wave up surge as an A or C pattern (not wave 1) from low 87.500
From peak of 92.339 (60H)...I can see a positif 5 wave impulse downward.
This price will keep down as part of combination from Corrective Wave (Looking at D Chart)

Be carefull bro...(just suggest). If indeed there is thrust from current level 91.706...I could assume its just some correction from the Downed Impulse.
Correction from an Impulse never retrace 100% (If there is...rarely happen). I won't made TP that high.

Anyway its good analysis.

Cheers...
+2 Reply
morshedul.sazid romeo2858
a year ago
Well! I always book some of my profits or place breakeven if it reaches half of my targets. Thanks for mentioning about EW formations. I always give Take profits set to retest of A. As per back testing I have pretty good results over the year, Cheers.
+1 Reply
Alexander_Nikitin TOP romeo2858
a year ago
How EW is connected to Harmonic Patterns?
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romeo2858 Alexander_Nikitin
a year ago
Harmonic Patterns occurs inside a correction OR impulsive of EW waves.
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Alexander_Nikitin TOP romeo2858
a year ago
are you a master of harmonics?
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romeo2858 Alexander_Nikitin
a year ago
I am not using harmonics anymore...if you want to learn. Go with Sazid..he is the man.
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Alexander_Nikitin TOP romeo2858
a year ago
No, I don't want to learn harmonics. Just interested in chatting). Why do u stop harmonics and started EW? Are EW better?
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romeo2858 Alexander_Nikitin
a year ago
On my oppinion & experience...yes.
I used harmonics on the early days of trading..with result not quite good,...I felt something missing in my analysis & look others till I learned EW. Which is match to my trade style.
If you can combine harmonics & EW...it'll be awesome tools of analysis.
I have said in my comment for sazid on this trade (above... with EW analysis)...I have stated the main trend is down, and good enough his trade is making profit from a correction wave. As you can see today...his open and TP are nearly closed with the price of today...and seems price are keeping downward.....
Reply
Alexander_Nikitin TOP romeo2858
a year ago
What was 'missing in your analysis' was a written trading plan. If you had one you would have succeed with harmonics and never stop. I wonder if you have a written trading plan for EW? If you don't have it then you'll fail the same way you did with harmonics. There was no need change strategies. Consult Sazid on this part.
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romeo2858 Alexander_Nikitin
a year ago
This is where comes the part of "Trade Style"..., none of us having the same style...or comfort zone.
I believe sazid has took some time with Harmonics & other method...and have adjusted his R:R and so on...until he has the comfort to trade with.
And so do I....my "missing analysis" is part of my comfort zone to trade...but when I use EW...I can sense good comfort with. Of course this also take some time & adjustment. I can't describe all the background..why I am using EW.
I notice few days back...@anilmangal has broadcast his webinar about the wave analysis.

https://join.me/FREEtvwebinar link for the free webinar Tomorrow 27/11/15, 9 am New York time. We will look at Advance patterns. Why they work and why they don't. How understanding wave structure will show you the flaws in advance patterns.

You need to see it...& you'll understand why I use EW now.
Cheers
Reply
romeo2858 romeo2858
a year ago
You are full time trader....I am sure you will learn faster than me (I am part time...half trade...half Building Ship). It took 3 years for my study (part study).
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bilalabidkhan
a year ago
Thats was very good trade bro
+1 Reply
morshedul.sazid bilalabidkhan
a year ago
Thank you! :) congrats
+1 Reply
bilalabidkhan morshedul.sazid
a year ago
Now I am short on it :)
+1 Reply
morshedul.sazid bilalabidkhan
a year ago
Good luck bhai
+1 Reply
bilalabidkhan morshedul.sazid
a year ago
How do you publish ideas, i can publish privately but dont know how to publicly do it
+1 Reply
morshedul.sazid bilalabidkhan
a year ago
You see a blue tab a the right bottom of your chart named publish idea
+1 Reply
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