About meHarmonic trader based in Singapore. Learned directly under the great Scott Carney. For FREE live trading webinars, trading resources and market analysis, please do visit my website at Harmonicforex.com
Joined 2 years ago
It was 3 weeks ago where I was talking to a my trading buddy boon hooi about where Bitcoin is going.
Both of us stared at the monthly chart of bitcoin and we saw a harmonic pattern completion.
Indeed, any instrument with high liquidity works well with harmonic patterns.
Bitcoin completed the shark pattern at ...
Next up is the indices, I remain bullish on the S&P index.
Do not chase the high, buy on retracement around 2274 with targets up at 2350. (Linked to my previous post on a bearish crab pattern on S&P)
SL will go just below previous low.
SL: 2075 (110)
TP: 2350 (165)
Hey guys, this a great setup on EURCAD you should be looking at.
Bearish Gartley completed last week.
If you zoom into the m15 timeframe, you will see another deep gartley completing at 1.4.
Will go short upon a rejection of 1.4.
These are my levels.
Hi traders, another setup on my radar is EURJPY.
Last Friday, it broke down below a bear flag.
My bias has turned bearish for now.
Next I will look for a retest of a strong SNR zone to short.
I identified that zone at 121.90 which is a previous SNR zone and a potential HNS shoulder level.
I will be entering ...
Hi traders, I am watching pound closely next week.
At 1.2065, there is a potential buy off this bullish shark pattern.
These are the rules I will follow to take this trade.
1. Do not use a pending order! There was pound news over the weekend, if it gaps down you might get stopped out easily. Wait for price ...
Good morning traders, I have just executed a short on EURAUD on a break of support trendline.
I expect this pair to head towards 1.4140 sometime this month.
Long timeframe trade.
SL is set at 1.4480.
Good luck and good trading guys!
The USD will be strong in 2017.
Along this charge up, there will be minor retracements.
Right now we are seeing a retracement on USDJPY where it should hit minimally 116.
Price hit a cluster of resistance in the daily timeframe with a double top completion.
A break of 116 could send it towards 112 which is a ...
Happy new year folks, I am finally back in the markets after a 2 week break.
2016 is over, whether you traded well or traded badly last year, always remember that the market does not remember it.
Do not let past failures affect you and do not let past success cloud your judgement.
Let's hope we begin the year by ...
Hey guys, I had a couple of emails asking me about Gold.
This is what I think how Gold will move in the coming weeks/months.
1. Do not go long unless 1045 is challenged, price is moving nicely on a falling channel, no buying unless it reaches a key support zone.
2. Bullish shark completes at 1045, it could go ...
This is the daily chart of FB.
FB fundamentally is a stock I personally follow.
The stock has gone from $20 to more than $100 in 2016.
Year on year, the revenue and profits have been rising and I am also a paying customer, spending more and more on ads with them than any other platforms.
This is definitely a ...
Hey guys, this is rare and something I have yet to see before in my 10 years of studying the markets.
Usually, the USD strengthens and the stock market drops.
This is the only time where I see the stock market go up together with the USD.
I am hoping the bullishness in the stock market will be short lived, I ...
Hey guys, I have put in a queue to buy GBPJPY at 145.55.
This is a very strong support resistance zone for me to do a trend continuation trade.
Do not be too eager to chase the highs now, if it comes down to my desired level, I will be long.
SL. 144.80 (75)
TP: 148 (245)
Hey guys, not sure if anyone missed me.
I went on a impromptu vacation to Vietnam for a week.
Vietnam is so beautiful, I mean both the beaches and the babes.
I just got back yesterday.
Just in time to watch the FOMC news.
Updates will be more regular from today onwards!
The rate hike happened!
Another 2-3 ...
Hey guys, this is another setup on my radar.
To buy GBPJPY off this bat pattern at 142.90.
This is a nice setup as it is aligned the the trend and bought at a nice support zone.
Will monitor for divergence and RSI OS conditions before entry.
TP: 145 (210)
Hey guys, my theme for the week is still on commodities strength.
I will look to go long on NZDUSD when it completes the Gartley pattern on H4.
The entry zone is around 0.7010- 0.7015 with stop loss placed at 0.6940.
Will watch for RSI divergence and OS condition before my entry.
Will be targeting 0.73 on this ...
Hey guys, one chart I am very interested to monitor closely next week is DXY which is the US dollar index.
It measures the USD against a basket of other currencies and is the most widely used chart by traders to determine the strength of the USD.
You can read more about it here --> ...
Hey guys, this is what I think about Gold next week.
The trend remains bearish until it is broken.
I see a nice structure resistance at 1183 which coincides with a ABCD pattern completion.
My take is to continue shorting Gold with stop loss around 1200.
Conservative TP will be at last week's low around ...
Hey traders, I am spending my weekend browsing across different instruments.
The recent HOT commodity that everyone is talking about is oil.
This is how I see oil based on Harmonic analysis.
1. Price is bouncing off the lows on the daily channel
2. AB=CD patterns completes around $68
3. I am very bullish on OIL ...