ThomasJeff_DCM
Short

USDCAD Cypher short with demonstration of the power of harmonic

FX:USDCAD   U.S. Dollar/Canadian Dollar
This is not really a trade setup as sutch, its a trade im currently in, short on a bigger bearish Cypher pattern .
Price went to my entry and reversed, then it ran into a bullish Cypher that have contained price at its entry point for over 8 hours. Price will break out to one side or another with the strong news tomorrow, just a small demonstration of what harmonics can do to price action.

Today we got a hit on the AUDCAD             Bat, but got a target 2 winner in a Bat on GER30             index . Currently we are in a short position on a Cypher on USDCAD             . And we just entered long on a Cypher on EURUSD             so lets see what numbers we wake up till tomorrow for those that follow me.

I will try more and more to begin to put up every trade that i take so those that are interested in Harmonic patterns can get a better feeling of how the daily grind is for this method. The good weeks and the bad.
CoolCreekCTA
2 years ago
Good luck on long USD vs CAD. I am short Yen and covered short Euro at 1.0893. I am looking to sell half Euro at 1.0988 and 2nd half at 1.1066
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ThomasJeff_DCM PRO CoolCreekCTA
2 years ago
Thanks i actualy just went long against my own position now when i saw the smaller pattern hold price so good, but its probably only matter of time before one or the other breaks out tomorrow with the news comming out. Good luck

Kind regards
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kate25 PRO
2 years ago
Hey Thomas - ok I will tear down UCad chart in multiple frames
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kate25 PRO
2 years ago
weekly - origin of move - showing price in up trend
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kate25 PRO kate25
2 years ago
I am going to focus on that blue circle on the next chart - daily
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kate25 PRO
2 years ago
lets turn our attention onto that small red circle now
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kate25 PRO kate25
2 years ago
supply is roughly 100 pips deep - next demand is 200 pips away - so I am going to break this down to 4hr
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kate25 PRO
2 years ago
4hrTF - lets bring this down one more timeframe
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kate25 PRO kate25
2 years ago
before I do this I am only concentrating on the blue circle now
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kate25 PRO
2 years ago
price has not broken demand falling and continues to make new pivot highs - until price starts breaking demand and making pivot lows - price is in uptrend
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kate25 PRO
2 years ago
So Thomas - we know price hit supply - we confirmed it was in supply by seeing the momentum bars away from this area - price needs to start breaking demand to go lower and start making new pivot lows
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kate25 PRO kate25
2 years ago
Thank you for allowing me to post on your page
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kate25 PRO
2 years ago
I have a question of you Thomas - you are a harmonics player - no - I can see a few traders who have some basic knowledge of SD charts and using the first threes zones to develope the harmonics from to get their last leg - can you dev harmonics off of my SD zones
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kate25 PRO kate25
2 years ago
try using the daily zones - I am curious
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ThomasJeff_DCM PRO kate25
2 years ago
Hei Kate its morning here now, i have a busy morning today and have a minor stress as i woke up to 4 trades i´m into that i don´t have time to manage, but i will get back to you in 5-6 hours time when i´m back home. I can see its not only the consolidation you look at, its also momentum bars and wicks. Plus Pivot points, its very interesting. Is this something you trade with consistency over a long period with success? don´t anwser if im asking too much i´m just curious.

Because the thing i love aboute Harmonics ans the patterns is that its so simple, its black and white, either its there or its not. That turned my trading around after years of struggeling. I´ll get a chart for you later
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kate25 PRO ThomasJeff_DCM
2 years ago
I am a student of SD - I trade my charts you see. I am curious about the harmonic alignment to the zones - I will see if there is a 1 hr or 30 min Tf with zones...if you have time I would be appreciative
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ThomasJeff_DCM PRO kate25
2 years ago
I´m on my way out the door now, but you want me to make a 1 hr and 30 min chart with my harmonic analysis on it? Or the 60 min and 240 min that you displayed here for me?
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ThomasJeff_DCM PRO ThomasJeff_DCM
2 years ago
Here is a fast one i made on the H1 i will try make another later when i get home, where i can explain the method more
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kate25 PRO ThomasJeff_DCM
2 years ago
I have to wait till I get home to use my PC - I will see how that last harmonics matches up to my levels - thank you
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ThomasJeff_DCM PRO kate25
2 years ago
I´m back home now so you can just tell me what chart you want. In harmonics we use mostly impulsive and retracements. and then its all about the fibonacci levels to make the infamous patterns. They work best in unstructered markets like consolidation. when there is a strong trend there is not much harmonic moves to fine cause markets are just going straight in one line like the JPN225 the last many months, Until yesterday i caught a retracement from a double top and made a profit on the Bat pattern i posted last night.
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ThomasJeff_DCM PRO ThomasJeff_DCM
2 years ago
Okay this is my take on the Daily chart, i´m not sure i´m doing the correct thing you asked me about, but i put some arrow´s to explain the different areas and what to mean to harmonic moves and where the trade setups are located.
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ThomasJeff_DCM PRO ThomasJeff_DCM
2 years ago
Harmonic trading is pretty much about equal lenght of retracements and impulse legs, and a lot of combinations of fibonacci retracements and extensions after an impuls leg or a retracement. Its a trading style that actualy dates all the way back to the 1930´s where a man named Gartley discovered that there was some kind of harmony in this unstructered markets.

So when there is strong trend its really hard on me, last week i was in a 3% drawdown but when markets get more unstructered the magic happens so yesterday and today i made 6% so i´m back growing the equity
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kate25 PRO ThomasJeff_DCM
2 years ago
ok - I just got home off shift - let me think for a moment
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kate25 PRO ThomasJeff_DCM
2 years ago
what if Thomas we had the demand and the supply - looking at the first triangle - we should be able to determine where price will land in the first triangle. Once price makes demand and supply again - should we not be able to determine where that last leg will land per harmonics
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kate25 PRO ThomasJeff_DCM
2 years ago
Thomas could you put harmonics to these points - if so where would the final leg target
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kate25 PRO kate25
2 years ago
You need an X start I think - maybe these points
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kate25 PRO
2 years ago
I will put the SD chart on the hour - should have caught that demand below pivot low
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ThomasJeff_DCM PRO kate25
2 years ago
Erhm i looked over the charts you posted, its really only the first the daily chart that got some harmonic things too it, i can try make a chart. The 15 min actually had a harmonic setup i think. but the last one is juds an strong uptrend where harmonics don´t work at all. i will make a daily and 15 min chart
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ThomasJeff_DCM PRO ThomasJeff_DCM
2 years ago
The daily chart is actually the one i postes as the last where i explain that its only the end of the chart that got any harmonic too it, The rest is a strong uptrend and a too tight channel to make any patterns or retracements.
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ThomasJeff_DCM PRO ThomasJeff_DCM
2 years ago
My take on the 15 min. chart
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ThomasJeff_DCM PRO ThomasJeff_DCM
2 years ago
Can i ask you where you learned this supply demand way to analysing, is it from books or a course? You can ask me in PM if thats better. I get more and more interested in it the more i see it. Its seems like it price respect these areas pretty well even though it may not me major structure levels right?
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ThomasJeff_DCM PRO ThomasJeff_DCM
2 years ago
But there is so many areas the price could retrace to, or so many levels like on your last chart that is very interesting, How do you find the actual trades if its okay i ask? Look for the most major demand areas?
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