Here on the( GBP/ USD) Pound/ Dollar we have a deep crab. its a bit dirty with the "B" point, but PA Closed above the 886 so still a consideration. right now PA has tested the PRZ and PA has been disrupted so the level is somewhat valid. So, the common occurance with crab patterns, due to thier volaatility we often see PA reach the 1.902- 2.0 area before...
Here on the Euro/ Kiwi ( EUR/ NZD) we have a Nice crab Pattern. now i had this pattern mapped out before the software pulled the pattern. But Needless to say the Pattern is still a good one. The Software does better on the Higher Timeframes. i Like how its picking up more pattern on the major swing points which in my opinion make the patterns stronger. The...
Here on the EUR/ GBP (Euro/ Pound) we have a nice Butterfly pattern. this will be my second time on this pair trying to short it successfully. the trend is strong with this pair but i feel its getting weaker due to it stalling at the fibo levels of these patterns. this is a huge butterfly pattern, so historically the larger the pattern the better the odds of it...
on gold we have a crab pattern. and at the moment we are looking really good we have the RSi in oversold conditions (not a fan of indicators/ oscilitators) and we have a gorgeous doji at the top of structure! maybe the pattern will provide an oppritunity after lunch or closer to the end of the day. with the crab we often see PA exceed the 1618 so dont be surprised...
Lets Pretend for a second. we are gonna merge the two largest wealth generators in the world together. the Foreign Exchange and The Stock Exchange. The executive Branch has been putting pressure on the Federal Reserave for quite some time to throw in negative interest rates. This will weaken the dollar, as to currency traders such as myself, this signifies a...
On the Euro/ Aussie we have a bearish gartley pattern form. Now with the 222 pattern being the most famous pattern of all Harmonic Patterns, this Gartley pattern is setting up nicely and will be a great setup to keep an eye out as the Asian Markets open up. the ABCD 707 recip 141 completes exatcly on the 786 xa retrace and the completion might be a pip above that....
On Gold waiting on the close of current candle for the nice reversal fromation to complete. right now PA is at the perfect spot for an order. I remember correctly the pattern is a deep Gartley. #RISKFREEORBUST OANDA:XAUUSD
Here on the Euro Dollar we have a shark pattern. Since i see this market being weak against the dollar considering the DXY (dixie) is floating around 100 and the EXY is in a strong bearish channel. i am still bearish against the royal pairs. So with that being said i would only target the 50 and wait for the 5-0 pattern to form to finish off the correction....
Here we have a bat pattern on the king og volatility the Pound/ Yen. if youre new to trading especially the forex market be careful on GBP/ JPY this pair will get away from you real quick. again as all patterns as i post wait for the reversal signal #RISKFREEORBUST OANDA:GBPJPY
Euro/ Kiwi is printing a deep gartley. this pattern is a new pattern outlined in Carney's 3 trading volume aka 4th book. the defining feature is the abcd pattern completes past the 786. stops are moved to the 113 and if im not mistaken i think the the cd leg can extend to the 2618. ill double check when i have the book infront of me i will up date in the AM.
Dollar Cad. the loonie is a commodity currency closley tied with oil just as the Aussie Dollar is with gold. however, the pair printed a deep gartley. wait for PA to test the major swing level AKA resistance wick to the top of the box and drop. i have a pattern drawn on WTI *i think* with a pattern that needs to be completed and the Texas Tea has been ranging for...
Euro / Pound has a very gorgeous butterfly pattern that completed. PA is in the PRZ and you could expect to see some movement when the Asian Session is in full swing. the black line represents the rarely mentioned 618 butterfly mentioned in Scott Carney's Harmonic Trader Book. That book is his very first book, not to be confused with the Harmonic Trading Volume 1....
if the current candle closes as bearish engulfing candle prepare to sell for the T2 setup! T1 happened this morning T2 might happen this afternoon or asia. #RiskFreeOrBust OANDA:GBPJPY
Thanks to @otavio_barreto he pointed out an even larger structure to pay attention to! there is a cypher pattern and a shark pattern working right now. Trading is hard enough and everyone in the trading world has on several occasions caught a falling knife and been floored by a run-away train, so there is no sense on making it worse. @otavio_barreto sent me a PM...
On the euro pound we have a gorgeous 222 Pattern. we have the abcd, which is a 786 and its recip. ratio is the 1.27 and the cd leg on a Gartley pattern is a 1.27 minimum. the completion point is a few pips above that. the 786 XA point is just a few pips above all of those. As a harmonic trader winning a trade feels amazing, but what honestly feels even better than...
On Dollar Yen the bat pattern previously drawn HOP level is being tested. However, there is now a crab pattern completing at the same level. watch for the reversal pattern for a good T1 setup! after lunch PA may be volatile active trade management is important! the crab pattern drawn is not anchored by a significant swing point so caution is advised. i hate to say...
Here on the Dollar/ Yen we have a Bat Pattern. i Would of liked to of seen the "B"point a little higher but nevertheless the pattern is complete. If PA contiinues to move higher a wick will be thrown past the white line and touch or exceed the 1.13 a little. The XA 113 is the Harmonic Optimal Price. If PA continues to move higher then watch PA play a little around...
Just to show the community, that if you truly grasp the concepts outlined in scott carneys books you can draw the patterns before the software picks them up. i this pattern drew last week on AUD/ USD, and overnight (US TIME) the pattern drew and completed and started to move. this is not the first time i have drawn a pattern before the HPC Software. It just shows...