The psychological aspect and my thought process Hello everybody, I'm so sorry that the migration did not as fast as I'd like it to be and, finally on last it's done and I can be back on trading. Before i touch on how i would trade, i suddenly thought sharing my thought process would make so much more sense because literally you will understand how i use my...
Hello everyone, i haven't been publishing much this week due to some platform migration issues. So, keeping my fingers cross that all will be resolved next week, Now, i'd just concentrate on delivering my educational series and hope to continue to benefit the trading public. In the first part, i shared a very simple momentum trading strategy. Simplicity works...
Here is a perfect example of how neutral sentiment can be in the markets on the DAILY TIMEFRAME. SCENARIO 1 Lets suppose we are anticipating a BAT formation, which hasn't fully revealed itself, but we want to anticpate trade opportunites. The CD LEG of the BAT presents a great shorting opportunity because of previous structure shows a level of resistance. ...
After Shark pattern's target , there is a 5-0 pattern. After 5-0 pattern's target, there could be a emerging bat pattern. The fibonacci numbers is not exact true. This image just showing the trade opportunities after shark pattern. In essence the Shark is an emerging 5-0 pattern that you trade from C to target D. (target D is not shown in the diagram above - it's...
I posted a prediction, two of them actually, several days ago which relied on simple harmonic analysis. Someone commented that they had no idea of what they were looking at or what I was talking about. I wish to rectify that. This missive is not an in-depth treatise of the dark arts, don't expect to find that here, or at this time. These arts are dark for a...
I decided to mark this post as an educational to show the community what I believe is the best way to trade harmonic patterns. Many traders just open a chart and usings their fib tool scan for any pattern to complete and when they identify one they trade it ignoring the most important thing into a chart - market structure. Instead if you filter the patterns you...
Trading with BAT pattern.
Current Status: SHORT Current Profits: +326 pips In the main chart above, you can see that I am still expecting prices to drop even more.....those who trust and follow me are over +320 pips in profit on this trade so far. I was sent a question to me by one of my followers asking me to comment and explain a chart posted by another OP here. I hesitated to post...
So this may stir up some controversy but its not meant to be that way. Only that this is my own opinion and not meant to disparage other OP's who post trades based only on support/resistance levels. First, let me say that yes, I firmly believe that support/resistance levels are important and that they do play a very important part in determining what happens to...
The power of Fibonacci n"ver stops. A harmonic scan often generates strong pitchforks due to the level of "Fibonacci-ness" in the primary swing. The advantage of the fork being that it goes beyond what a trend line can do, in that it projects predictive bounces where trend lines cannot yet be drawn. In this instance (and yes, they don't always work ... but then,...
Hi Traders, Above Is an illustration of a complete Gartley Pattern and the rules and ratios needed to trade this pattern. First things first, grab your Fibonacci tool and draw from the X to A leg of the initial move or impulse leg. The Fibonacci ratio's you are looking for are the 0.618% and the 0.786%, price MUST at least touch or spike through the 0.618% but...
This pattern has brought me great success scalping crude oil. How to trade it: Look for an ABCD triangle formation with lower highs and higher lows. Draw the triangle with extended lines. Measure the baseline at B and divide it by 2 Add this value to the point of breakout to get a nice padded target to either side Look out for fakeouts and good luck. ...
Price Rules AB=0.382 or 0.50 XA BC=0.382 or 0886 AB CD=1.618 or 2.618 BC AD=0.886 XA
Price Rules AB=61.8 XA BC=61.8 or 78.6 AB CD=127.2 or 161.8 BC AD=78.6 XA CD=AB
Price Rules AB=61.8 XA BC=61.8 or 78.6 AB CD=127.2 or 161.8 BC AD=78.6 XA CD=AB
Best Fit Pitchfork will be good for money management and additional trades ... established based on X-A move of Harmonic Scan
Not every pattern will bring money but identifying those more likely and consistently trading them can make a huge the difference. This is an example on how the Breakout Pivotal Bars can come in handy.