上淘宝购买我翻译的 “和谐交易1” 开始学习
I trade with Harmonic patterns and VSA. Follow me along my trading journey at http://terryhexiejiaoyi.com.
Currently will only blog in mandarin as most of my fans are based in China.
First of all, just want to wish my followers a belated Xmas and New year.
Took a month off to just chill and enjoy some family time with my family.
Missed a few good trades but I had no regrets.
Checked out the charts and noticed AUDUSD attacked by a black swan event with alot of accounts going bust just few days back.
GBPAUD which I analyzed last year flew...
A deep crab pattern is potentially forming on the pound.
Be patient and wait for this pattern to complete before considering whether to go long.
In the shorter time frames, I will continue to keep a lookout for patterns to short before this big pattern completes.
We are approaching the end of 2018, hope we can buy low on the pound and ride a few hundred pips to...
This is a potential bullish butterfly on EURUSD.
C point is confirmed after hitting a resistance at the top of the ed channel.
When D completes, we can consider going long after a candlestick reversal.
Do not use a pending order, maximum risk should be controlled within 2% of your equity.
Good luck and good trading!
Oil has rebounded off a crab pattern yesterday.
It is clearly on a downtrend, but in any downtrend, there can be small rebounds and opportunities for traders to join the trend.
Donald trump tweeted that oil will be lower in the coming months, but it does not mean there will not be small rebounds along the way.
If oil manage to rebound to 61 - 61.20, we will be...
Can harmonic patterns work on cryptos?
Let's observe what happens to Ethereum when this bullish butterfly completes.
I might be interested to buy some ether when it reaches and reacts at the PRZ zone of this butterfly pattern.
Like all other examples, no reaction no trade.
If price bashes through the PRZ, we simply do not...
After the big shark completed back in Oct, GBPAUD has fallen around 1000 pips. (See related ideas)
Right now, it seems to be forming a bullish shark.
At the PRZ zone of the bullish shark, look left and you can see some nice daily structure support too.
When price reacts near the PRZ, we could be looking at a high probability long trade.
This is EURUSD at the final shark PRZ which is derived from XC 113 and BC extension.
EURUSD correlates with DXY which i analyzed yesterday.
Therefore, do not execute trades on both setup, choose one so that you limit your risk exposure.
When the 4 hour candle closes above the PRZ, you can consider your long entry.
SL will go 20 pips below XC 127.2
I have covered DXY for a long time.
It has completed a daily shark and is now looking to complete a smaller h1 shark.
This H1 shark will complete slightly higher at 97.40.
These are the levels you can take note of.
Patterns within patterns, it gives me a higher confidence to take these trades, but I will still be...
USDJPY - 2 Sharks at different timeframes, what can you expect?
On the hourly chart, USDJPY has completed a bearish shark.
We are right there at the PRZ right now.
If the market reacts and USDJPY reverses from here, we can expect it to reach 112.95 which is the TP1 of the shark pattern.
Small Shark execution
This is a bearish shark completion on NZDJPY H1 chart.
Right now we have a reaction at PRZ.
SL will go above XA 127.2
No reaction no trade, risk per trade should not exceed 2% of your account size.
This are 2 potential setups on GBPUSD.
The first one is an imperfect bat which could turn anytime soon.
The reason it is imperfect is because the B point has slightly exceeded XA 0.50.
However, it did not touch 0.618 and it is still technically still a Bat.
I have my reservation on this as a B point between 382 to 618 could result in a Crab.
The next few days...
This is the 4 hour chart of AUDUSD.
It is currently still on a big downtrend within an ED channel.
Harmonics can be used to pick big market reversal, but it also can pick smaller reversals that aligns with the bigger timeframe.
In this case, we have a bearish shark which aligns with the h4 bearish trend.
15 days ago, I posted about this potential shark completing on DXY.
We are finally right around the corner.
97 is the level to watch for market reaction.
Minimally, we are aiming for 95.40 as the 1st target.
And remember, if the market does not reaction and pushes up convincingly, we will not go short.
This is Gold at a critical resistance zone.
Firstly we have a bearish crab completing around 1232 - 1235.
Next we have a butterfly completing around 1238.
Lastly, we have a shark which will also complete around 1238.
It depends on which...
JPY pairs are poised for a short term rebound towards the upper range they are trapped in.
For cadjpy, it is between 85.50 - 87.
Near the top of the range, we have a shark completing.
PRZ 87 - 87.10
No reaction, no trade.
Good luck and good trading!
This is the 4 hour chart of USDCAD.
We have a bullish shark pattern that will complete around 1.2780.
We are also currently at a channel resistance and this could be the C point of this bullish shark.
Therefore I have 2 ways to trade this.
1. Sell from C to D
This is alot riskier and I highly advice reducing your risk from 2% to 1% if you take this setup.
After a nice fall from 113.60 to 112.90 on a bearish shark pattern, CHFJPY is poised for another drop, this time on a bearish ABCD pattern.
Our bigger target at 112.20 has not been reached, so I am optimistic we could reach this level this week.
Bigger target at 112.20 is derived from the daily bearish bat pattern posted last month (See related ideas)
This is the hourly chart of GBPCAD.
Price has hit the PRZ of this shark pattern and reacted.
I have gone long around 1.7015.
These are the numbers you can consider.
PRZ 1.7000 - 1.7015
Good luck and have a great weekend!