AuthenticTrader

PRO
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About me Born again, F/T trader, mainly Forex. S/R candle reversals, large TF. Ideas posted = trades I take - simple high probability, low risk. Christ be praised! See my live trades and history on fxjunction under same user name - AuthenticTrader
Joined
Trading!
Markets Allocation
59 % forex 41 % stocks
Top Mentioned Symbols
USDCAD 9% | 4 VG 7% | 3 STM 7% | 3 NZDUSD 4% | 2
AuthenticTrader AuthenticTrader PRO AUDJPY, D, Short
AUDJPY: AUDJPY Short
44 0 4
AUDJPY, D Short
AUDJPY Short

Bearish Bat has completed on the 1d with a T-bar and test of all harmonic numbers. X point is a bearish engulfing candle pattern to add confirmation to this strong resistance level. On the 4h chart a small AB=CD pattern, and a larger Alternate 3.14AB=CD have converged in this same area. On the four hour chart a shooting star has just completed as well. Stop can be ...

AuthenticTrader AuthenticTrader PRO STM, D, Long
STM: STM -  61.8  of the Completed Harmonic Pattern - Retrace Now
37 0 5
STM, D Long
STM - 61.8 of the Completed Harmonic Pattern - Retrace Now

Reversal off the daily harmonic completion. Now it will retrace to at least 32.8 of wave 1, then back up for wave 3

AuthenticTrader AuthenticTrader PRO DEPO, D, Long
DEPO: DEPO - Long - What do you see?
30 0 5
DEPO, D Long
DEPO - Long - What do you see?

Bullish Divergence with price lowest since Dec 2013. Bullish Candle Reversal. Price in the 1.13 - 1.27 fib extension. And AB=CD. Connors RSI Again oversold. https://www.tradingview.com/x/jMOWLNwy/

AuthenticTrader AuthenticTrader PRO DEPO, D, Long
DEPO: DEPO - Long  - Get Ready - Harmonics, Connors RSI, and Elliot
89 0 4
DEPO, D Long
DEPO - Long - Get Ready - Harmonics, Connors RSI, and Elliot

These are the set ups we trade for. Connors RSI hit a low of 6, signaling possibly over sold. (Green rectangle). We have " near perfect Butterfly and a PERFECT 38.2 AB=CD that has completed inside this Butterfly. Price is trading at it's 52 year low on pretty good volume. Elliot Count preferred says this is beginning of new Wave 1. Alternate count would it ...

AuthenticTrader AuthenticTrader PRO VG, 60, Long
VG: VG - Want some more? - Correction Over! Long!
35 0 5
VG, 60 Long
VG - Want some more? - Correction Over! Long!

Pulled back just like we thought, and has just completed the 3rd leg a Elliot wave A-B-C corrective wave. Also is wave 4 of the bigger wave. We have piercing pattern candle completed too, with a bullish confirming candle. Elliot says wave 4 cannot retrace into the high of wave one, so if our count is correct, we have a nice tight stop of $.15 to $.20 and we can ...

AuthenticTrader AuthenticTrader PRO LKSD, D, Long
LKSD: LKSD Long - Near perfect Bat with Connors 2 period Confirming
29 0 6
LKSD, D Long
LKSD Long - Near perfect Bat with Connors 2 period Confirming

We have a Bat - We have Connors 2 period RSI Trigger below 8 for over sold. Not much more needs to be said. Already up 4 % since entry. Bullish Engulfing at point D on the 1h chart

AuthenticTrader AuthenticTrader PRO AUDCHF, 60, Long
AUDCHF: AUDCHF Long  - Intraday Gartley Forming - Perfect Storm?
44 2 8
AUDCHF, 60 Long
AUDCHF Long - Intraday Gartley Forming - Perfect Storm?

Pretty good set up forming here. The Precise B pt ratio has hit, C is within spec. Pattern starts at convergence with a .382 level on 1d chart and the completeion of a AB=CD inside this retracement. Pattern also starts with a morning star candle reversal patter at this same point. That's a lot of good things to start the pattern. If pattern completes it will make ...

AuthenticTrader AuthenticTrader PRO USDCAD, D, Short
USDCAD: USDCAD   POTENTIAL SHORT - Near Perfect Harmonic Convergences
91 0 5
USDCAD, D Short
USDCAD POTENTIAL SHORT - Near Perfect Harmonic Convergences

First the disclaimer. I am very new to harmonic patterns, so take what I say with agrain of salt, and if I am washed up feel free. This appears to be an excellent set up as we have Two D points from two different converging, and both near the same resistance area. The more harmonic numbers you have converging is a very good sign. Further, the 1.618 extension of ...

AuthenticTrader AuthenticTrader PRO FBR, D, Long
FBR: FBR - Long Again - Multiple Harmonics at Restiance with Elliot
33 0 6
FBR, D Long
FBR - Long Again - Multiple Harmonics at Restiance with Elliot

Perhaps a little too aggressive not waiting for the candle. But It opened higher, XABCD pattern completed on 1h, and an AB=CD completed on the 1h. Classic Elliot wave count meeting all the rules and several of the most relaible guidlines. I lo=ve the support offered by the rising window as it converges with the start and completion of the pattern, and Elliot ...

AuthenticTrader AuthenticTrader PRO NZDUSD, 60, Long
NZDUSD: NZDUSD - Double D's - Buy at D ! Whole lot of harmony goin' on!
67 0 5
NZDUSD, 60 Long
NZDUSD - Double D's - Buy at D ! Whole lot of harmony goin' on!

This is a GREAT long set up. We have the convergenc of multiple harmonics. A Bull Gartley has just formed on 1d chart. The XD ratio is a near perfect 78.6 retrace in that pattern. Zooming in to the 1h, we see a PERFECT AB=CD that has just completed in the same area. Multiple harmoni numbers and patterns convergence in different time frames is a strong signal. ...

AuthenticTrader AuthenticTrader PRO VG, D, Long
VG: VG  - No Country for Weak Men - Big Boys Want You to Sell
178 5 10
VG, D Long
VG - No Country for Weak Men - Big Boys Want You to Sell

This is a new idea but relates to my earlier idea. Patience! I have drawn a a classic harmonic AB=CD pattern. I quote ( paraphrase ) from Carney's book, "....it's hard to make yourself believe the stock will reverse because the sell off has been dramatic and the stock appears weak....but you must sell at D...not believing this initially cost me a lot of money" ...

AuthenticTrader AuthenticTrader PRO AUDCAD, D, Long
AUDCAD: EURAUD Short - Resistance, Candles, and Elliot say Yes
63 0 7
AUDCAD, D Long
EURAUD Short - Resistance, Candles, and Elliot say Yes

Price completed a bearish engulfing Yesterday. Trading close to four year high. Case can be made for the Elliot Count I have labeled as it violates no rules for the impulse wave up, and the correction wave guidelines for corrective waves are pretty clear. So it looks like we are just starting wave C down, which normally has a length approximately the same as ...

AuthenticTrader AuthenticTrader PRO EURAUD, D, Long
EURAUD: EURAUD - Long and Long term
30 0 8
EURAUD, D Long
EURAUD - Long and Long term

Sorry about the late posting..I entered much earlier but got called away from PC before I could post. You have a a spinning top/doji, with a long lower wick, another doji, and a sash, and then an engulfing complete yesterday...all at a support level that is A FOUR YEAR LOW. I don't usually use Connors 2 period RSI for forex, but hey - it did register 3.1, ...

AuthenticTrader AuthenticTrader PRO TRVG, 60, Long
TRVG: TRVG - Don't Wait - TRIVAGO Long
64 0 4
TRVG, 60 Long
TRVG - Don't Wait - TRIVAGO Long

Not a lot of history, so we have to look at the 1h. ON daily screen Connors 2 Period registered an extremely low 8, indicating oversold. ( yellow rectangle)There has been nice volume. On the hourly chart we have a bullish sash pattern that complete earlier today. TSI has moved up and crossed signal line. Elliot wave count could be either starting new wave 1 as ...

AuthenticTrader AuthenticTrader PRO USDCHF, 60, Short
USDCHF: USDCHF Short - Stong Set up - 61.8 is the Number - And 2 for 1!
39 0 9
USDCHF, 60 Short
USDCHF Short - Stong Set up - 61.8 is the Number - And 2 for 1!

This is on the 1h chart, to show you the strength of this entry point. Looks like 61.8 is the retracement number for this move. On the daily chart it has just retraced 61.8 as well. Anytime you see a similar pattern repeat and end at same FIB number in two different time frames, at a key s/r level, that is a great potential reversal. For the Elliot folks, the ...

AuthenticTrader AuthenticTrader PRO USDCAD, 60, Long
USDCAD: USDCAD Long - Powerful Forecasting combination?
79 0 7
USDCAD, 60 Long
USDCAD Long - Powerful Forecasting combination?

First, credit for this idea must go in large part to our esteemed Alexander_Nikitin, who posts so may solid trading ideas here, using his XABCD pattern strategy rules.This idea of mine comes from his post linked below on USDCAD, and is another example of an idea that has been percolating form a while. As I have been studying both Elliot Wave and harmonic (XABCD) ...

AuthenticTrader AuthenticTrader PRO AUDNZD, D, Short
AUDNZD: AUDNZD - Short -   Resistance - Pattern -EW Count All Good
57 1 6
AUDNZD, D Short
AUDNZD - Short - Resistance - Pattern -EW Count All Good

This one seems like a no brainer and makes me want to short now even though my strategy calls for me to wait for a candle reversal. Price has tested this area multiple times. And the long term EW count supports it. Stop nice and tight just above the resistance area.

AuthenticTrader AuthenticTrader PRO VG, D, Long
VG: VG - If You Can Believe it - BUY!
57 0 7
VG, D Long
VG - If You Can Believe it - BUY!

This is one where everything in you screams DON'T BUY. Here's why I did. I'm in @ $6.35 two days ago when My Connors 2 Period RSI strategy ( yellow squares ) met all conditions, AND it had just completed a nice XABCD pattern I normally wait for candle reversal on the daily, but the EW count on the hourly looked good - starting wave 3 up, so I entered. As you ...

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