tntsunrise
Short

NZDUSD Butterfly Short

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
10763 43 227
Our Previous Trade
Hit Target One and then hit break-even
stop loss this morning due to the NZD's Central Bank's
Speaks.

However, 0.7338 is the Butterfly Entry
to sell NZDUSD             again.

I just Entered @ 0.7335
SL above 1.414 ext OR USE ATR
TP1: 0.7192
TP2: 0.7100
Comment: Be patient
dun be shaken out
Comment:
snapshot
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Thanks Jack!
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Thank you Jack.
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thank you
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Thank you Jack ....... am IN ;)
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I appreciate all that you are posting, but shouldn't the D point in a butterfly by 127% ext of X-A? At the moment I see your entry was at 127% ext of A-B. Maybe I have misunderstood something about harmonic patterns, but this seems an early entry.
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Nappask Deitreider
You are 100% correct i also do not understand how he got this butterfly

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Yup, there is NOT a valid 5 point harmonic here (Not one that would be accepted under Scott Carney's rules) , however we have a valid AB=CD it seems and cause for reversal.
Its amazing how many comments say thanks and have got into a trade without verification themselves.
So many sheep here.
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tntsunrise TOP Deitreider
I have explained many times. my Butterfly Pattern is different than the books. i am using 1.272 ext of ab, not XA
+1 Reply
Deitreider tntsunrise
Thank you for explaining again! Certainly your entry was spot on and gave a good move! Wish you all the best!
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Calamity Deitreider
agreed
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Thank you Jack,i'am in.
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nice job thanks
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Thank you very much Sir. Excellent Judgement.
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Hello Jack, I think butterfly should be 1.272 of XA? but your chart is 1.272 of AB leg instead
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tntsunrise TOP pipstrading
yes that's my rule
+2 Reply
Move AB should be the .786 retracement of move XA.
Move BC can be either .382 or .886 retracement of move AB.
If the retracement of move BC is .382 of move AB, then CD should be 1.618 extension of move BC. Consquently, if move BC is .886 of move AB, then CD should extend 2.618 of move BC.
CD should be 1.27 or 1.618 extension of move XA.


I agree with others, however my entry will be .7360-.7365
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jonesrj kunderko1989
Jack has explained before that his trading system has less restrictions on the patterns which allows for more trades to be entered. He has studied his entry points and determined they are worth the risk, I tend to agree since most all his patterns posted here are proven to work. Just like this one appears after printing 4 candles.
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thanks, jack! you light up my trade.
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happyluckydog happyluckydog
i am in 0.739. thanks.
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happyluckydog happyluckydog
sorry s/b 0.7339
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good work
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very nice work i can sell now?
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clever catch Jack , thx for your support
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jack what parameters do you use for your XD LEG
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Great Job!! Will join your lesson once i have enough fund
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Good luck!
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Thank you Jack
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nice one Jack just got in in.. hope am not late for the party! thanks
+1 Reply
it will down be patient tq sir
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I tkink is very Big Short now target 69,6
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how about the news? its little scary :)
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thanks jack
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jack may i know what should we do now? i entered@0.7296 but it keep increase, i just lost $ 34. T.T
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A big plan on NZDUSD


This is the image I found Thursday. So I think short target will be around 0.6825
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almost hit tp1
thx for advise dun be shaken out...
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NICE
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Yes Jack, this train ride is very good to, I have 81 pips so far. Your on the Christmas card list now, lol Thank you Sir
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lol. looks like u join the usdjpy and nzdusd train. good
+1 Reply
Batman-oz tntsunrise
Yes mate, a nice slow steam train. And im lovin it.
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Yes! not shaken out, n have took some profit on TP1. thank you very much Jack :)
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How about AUDUSD? What do you think about this?
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tntsunrise TOP Royal_Marq
same as NZD. they are brother pairs
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Royal_Marq tntsunrise
Thanks! Because I took short position on AUD (6A) contract today @ .7561 My chart is telling to take short but could even understand the market pattern. Thanks for idea. Cheers!
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