Trading_Jazz

The Shark Pattern // Engagement Rules // Educational ®

FX:EURUSD   Euro Fx/U.S. Dollar
7 months ago
The Shark Pattern.

Traders, This is an update to my previous post related to Harmonic Ratios. (link below)

Safe Trades;
7 months ago
Comment:
Advanced Patterns - SHARK
Training Sessions:
Mentor @ http://www.uvesty.com/mentorings/34-andre-pinto-cardoso

Educational Videos: https://youtu.be/0adc-hwvmQM

(for 1-1 mentorship - just whisper me at Skype Trading Jazz)

Related Ideas

SergeantPringles
7 months ago
good stuff
Reply
ender.genom
7 months ago
Thanks for theory! Please publish all infs on big timeframes, because impossible flipping back on old charts
And thanks one more)
Reply
oguzhanatman
7 months ago
example:D
snapshot
Reply
mrezaei
7 months ago
nice
Reply
Sapphira
7 months ago
Thank you.
Reply
ahmedfx
7 months ago
Eur usd Astrologie Trad W.Gann Moon Cycle
.
Reply
gcplau
4 months ago
Dear TJ.... in you rules of engagement, Criteria 2, at the bottom....I suppose you are referring to BC move instead of AB move? Also, really liked your explanation on the Harmonic... one day I wish to learn from you as well.
Reply
Trading_Jazz gcplau
4 months ago
Criteria 2 is the formation of point C, Point C is an extension of AB leg, it must reach the 113% extension and must close below the 127% by default, sometimes i consider a close around the 141% extension as a point C formation - its like an extended point C, but only when point B formation bounce from the 38% retracement, if it prints a 50% retracement i will look for the normal ratios. Here's the relation between this points in my point of view: Point B retracement at 38% > 141% extension for Point C // Point B retracement at 50% > 127% extension for Point C. Take in consideration this moves as elliott waves, that said, we also know that lower degree corrections turns into strong impulsive legs, and vice versa, larger degree or deeper correction can turn into smaller impulsive legs, that's why point B formation for me is much relevant, that small correction can dictate the next impulive move.
Reply
gcplau Trading_Jazz
4 months ago
Thanks for the insight and guidance. So far as I'm learning Harmonic. Is it true that upon point B & C are formed the type of harmonic will be defined, right? Is it also the reason people trade C to D as well as the D reversal?
Reply
Trading_Jazz gcplau
4 months ago
Yes, note that a point B at 61.8% retracement will force you to search for an extension of XA and not from AB, a retracement at 61.8% and an extension of the first move at 127% will forge point C for the Cypher pattern: point B at 61.8% XA >> point C at 127% ext. XA >> and point D at 78% XC - That's the difference between those patterns, the cypher and the shark, point B will define "our" next impulse and what fib ratios price should hit. But there's something crucial when trading all those patterns, at least for me, i will look for cluster zones and not specific fib ratios, if they were hit, fine, but sometimes we will get the 113% extension when it's suppose to hit the 127%, i try to find cluster zones, and cluster zones are "perfect" to detect eventual reversal zones, those are confluence zones between fib extensions and fib retracements from previous major moves, a Bat pattern forged at 88% retracement that is synced with a major 61.8 retracement for instance-- about the point B "issues" take this, its only my point of view...
snapshot
Reply
gcplau Trading_Jazz
4 months ago
Thanks for the clear illustration and guidance....
Reply
gcplau Trading_Jazz
4 months ago
May I ask one more question, that lately I found a pattern that the B point is in between 0.618 nor 0.786, it's something in between, and C point is indented from A... approx. 0.8~0.9.... and that's why it's something fall between Gartley and Butterfly.
Reply
gcplau Trading_Jazz
4 months ago
Finally, it confuses me that, some other Harmonic practionist says B point between 382 ~ 618 and C point between 127 and 142 is classified as Cypher; where the final D point is near 786. So, this one will conincide/overlap with your reading of B382/C141 which you still classify it as Shark.
Reply
Trading_Jazz gcplau
4 months ago
check your private messages ;)
Reply
IshaaqAMirza
2 months ago
Hi

Thanks for the educational setup for the shark. I have just started learning harmonic patterns. I am just slightly confused regarding the B point - the range is 38.2-61.8. Must the candle close in this range even if the wick is outside this range?

I am under the impression AB=CD, if AB doesn't equal CD - is the pattern void??
Reply
Trading_Jazz IshaaqAMirza
2 months ago
Hi, yes, thre's a difference between the wick of a candle and the close price, im taking the close price of a candle and not the wick, that said, we can have extended "wicks" but we need the close price to stay between specific fib ratios.

For an abcd pattern, point D must hit the 127% extension or higher, if CD is equal to AB that is a perfect one.

Thanks for following ;)
Reply
Stink
2 months ago
Thank you for sharing :)
Reply
Trading_Jazz Stink
2 months ago
Thanks for following ;)
Reply
nglan
a month ago
Thank you!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out