tntsunrise
Long

USDJPY 4H Gartley Pattern

FX:USDJPY   U.S. Dollar/Japanese Yen
18903 85 320
USDJPY             4H Gartley Pattern
may give us a nother good entry to buy USDJPY            
from the low.

Harmonic Pattern's Logic is simple:

If you want to long, buy the low.
if you want to short, sell the high.

so let's wathch the 100.56-100.60 area.

If you are new to harmonic pattern , please
do not take this idea as a short idea.
we trade after the D, not the CD leg.

Plan your trade, Trade your plan.
I am glad that my SPX500             idea was one of the
most agreed ideas for the past month.
I will keep publishing ideas here and hopefully more
and more people could realize how important
that trading logic is before you really risk your
real money.

Comment:
snapshot
Trade active: Bought at 100.56 after FOMC meeting
Comment:
snapshot

AB=CD also completed
Comment: now is 101.47 are u still in the trade? :)
Comment:
snapshot

First Target Hit
Comment: NOW IS 103.50, TP2 HIT , BAL position B.E. now become risk free.
Comment: +300 pips
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Thx Jack!

You are doing a great job!
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Great, thanks
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*this is not a short* but we will still see those comments complaining that the price didn't drop haha
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Not yet, but could very well be?
snapshot
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maybe
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Thanks Jack
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Thx Jack!
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Jack how do you calculate your stop on pattern?
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tntsunrise TOP ghostmtrading
standard. below X
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ghostmtrading tntsunrise
Yes, but with the 1.13 ext of the XA leg or something like 10 pips below X ?
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tntsunrise TOP ghostmtrading
depends on the timeframe
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ghostmtrading tntsunrise
Thanks!!
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RuhailKhan ghostmtrading
if volume increased strategy will be wrong. am i right Sir tntsunrise.
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Thanks ;)
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Many thanks for sharing Jack.
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snapshot


its possibile short now usdcad?
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can try.
+1 Reply
santoroma tntsunrise
thanks jack you are n1
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HumairDawood santoroma
In news it says USD is weak this week but we have to wait till it creates double top. Price action and volume is important.
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santoroma HumairDawood
usd weak and create double top?
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HumairDawood santoroma
retrace more like (y)
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santoroma HumairDawood
you talk about usd jpy or usdcad?
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HumairDawood santoroma
USDCAD
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Maybe 101.70 is enough :)

snapshot

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could be. the trend line looks nice
+2 Reply
Dguaman tntsunrise
Thank you Sir. learned from you ;) !
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Thank you Jack
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nice done Jack.
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i' m long too 101.95
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Thank you Jack.
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Thanks, Jack.
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On point! Good job.
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Hi, I have a screen shot to add to your Hypothesis. There's no option to add a link/pic?
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ELENAV edgesd
Im sorry, but I have a different analysis
USDJPY
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you are using harmonic patterns to trade the CD leg. but that is not the correct way to use.
The logic is here:
Harmonic patterns works well after D point.
Harmonic pattern not really works for the potential CD leg as the pattern may not complete at all.
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ELENAV tntsunrise
ok, thanks
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Swerver PRO tntsunrise
There is kind of a caveat to that Jack.
In this case it is not, but at the 50% Level of the proposed D completion, there is a HSI trigger trade as Scott explains in the Harmonic Trader VOL2

There is a little more too it obviously, but essentially there is a correct trade for a portion on the C-D leg, just not in this case.

Thanks for your ideas.
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RuhailKhan tntsunrise
This is my point of view after XA and AB ratios we can make projection and trade. i can be wrong but i am working on it to make indicator.
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press the caemra button and copy the link to here
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Forextrader147 tntsunrise
tntsunrise, you are very intelligent and have very easily to interpret the chart, you are very good in what you do, thank you for your collaboration and knowledge gained
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tntsunrise TOP Forextrader147
welcome!
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Hi do you thank its a good time to close or are you still happy to let it run.
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close what? this trade no entry yet
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andresvm tntsunrise
Sorry buddy, wrong chart, was in Gold... Thanks a lot for your ideas, always with smart trades!
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which point is best for sell ?
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tntsunrise TOP Qasimshahzadgt
see the chart.
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hi is the bearish gartley at 103.54 here..
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tntsunrise TOP harising13
yes
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harising13 tntsunrise
Tx bro.
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Hi Jack,
Do you use the fib 1.272 extension to verify your bearish gartley for the C to D leg? So far i have a bullish gartley and an bearish AB=CD. Would appreciate your feedback.
Thanks for your help.
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this is the bullish gartley pattern
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thank, let wait price action in this level around 103.500
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Thank you Jack
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Good setup!
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What retracement level is your point C please?
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tntsunrise TOP MindTrader
nice cypher
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MindTrader tntsunrise
Thanks Master really appreciated.
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We are getting closer...
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hi, where would u have sl in this ?
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kayrules janne0536
normally sl for harmonic pattern would be on 100% fibo level which marked by jack as 99.539.
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Goldmouse22 kayrules
yup
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janne0536 kayrules
thanks for comment. i realise i need to see his videos to understand HP :)
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Thanks for the update Jack. Hammer/Hanging man candles with high volume on the 15m chart at this level suggests buyers have entered. So I have too :)
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judderod judderod
A little early, but 886 and previous lo have held so far
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Jack thanks. The risk reward must look great here.
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Thanks Jack, the Meeting was nothing, which we all hoped. Only 12% thought it would move. Thanks for your guidance.
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you changed your photo ?

looks young and smart!
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thank you !
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Thank you Jack for the gartely
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Thanks Jack. The risk reward ratio is very impressive.
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Some TG in mind? :D thanks
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Standard TP for harmonic ptterns
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Dguaman tntsunrise
(y)
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Thank you Jack
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I'm with you.
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Yep
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yep, still in !
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Hi Jack ,
Thank you for continually posting your so much professional trading idea's Charts and personal discoveries .
Harmonically i have identified the following points of interest to my thinking as as you can see on my chart i have 3 prices of interest .
1, There is a potential Wolfe Wave within the White Wedge Channel that interests me the most and thinking the price should go to Point 5 before any decline .
2, Then is the Wolfe Wave is True then according to the Wolfe Wave rule of off-set 1-4 Line would be my preferred Target .
3, I have highlighted the Pin Bar looking to the left as a point of interest with the fact that there is a Possibility of a 3 Drives Harmonic Pattern that could just as well become a Double Bottom .
snapshot
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Hi, Jack. I normally withdraw 30%profit when it hits 38.2%. should i hold all my position till 61.8?
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TP closed?
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yeah, it is another solid WIN in dollar Yen!!
I took TP2 too fast (102.22) because i remembered wrongly the target for TP2. Anyway, I do have minimal lot left for the price to run freely. Thanks for the superb analysis once again!
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Any idea about year end Target?
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