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Harmonicwaves

USDCAD - Technical Analysis [Long & Short Setup]🔹 USDCAD Analysis on 1HR chart - The current Trend Seem neutral - Bearish Divergence is Present - No Reversal pattern - Found Harmonics AB=CD Pattern - Waiting for a Break of Structure for Confirmation Either at Point C or At Point B. - If point C break we short. - If point B break we long. 🔹 Trade Plan At Point C - Entry Level = 1.35589 - Stop Loss = 1.36036 - TP1 = 1.35137 - TP2 = 1.34681 🔹 Trade Plan At Point B - Entry Level = 1.36297 - Stop Loss = 1.35783 - TP1 = 1.36757 - TP2 = 1.37213 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR Like and subscribe to never miss a new idea! ✌🏼
by Bountysoul
Perturbation theory with Damped Harmonic OscillationHello World. I'm a bit of a math geek, there's pieces of paper on the wall that say I'm supposed to be smart (PhD, Chemical Engineering, 2003 and BS, Magna Cum Laude, Chemistry, 1999) but stupid is as stupid does, I guess. Anyway, I've been trying to get this code done-- hopefully by end of Q4 here- and then ported to Pine by sometime either end of Q1/beginning of Q2 next year. The idea is simple. Not easy, but simple. Frequently, when looking at charts- any chart, really- I see a perturbation, meaning a large PA change. Direction is irrelevant for now, but these large PA changes can be modeled with a delta function. I'm partial to Dirac delta functions, only because I know how to handle them in my favorite languages, but any perturbation method will suffice. Stopping right there: The MAGNITUDE and DIRECTION of the perturbation actually DO matter, because they will suggest the correct dampening factors and correct initial amplitude of the damped harmonic oscillation. I've steadily been accumulating a list of "this happens, then this much perturbation occurs, and in this direction" --- things like the queen dies, JPOW talks and raises rates, Ukraine gets raided, LUNA collapses, etcetera etcetera. These are correlary only, but they usually give a good starting point for the models. Once the perturbation itself is modelled, it will lead to the aforementioned initial amplitude and dampening factors for the harmonics. The only thing remaining then is the timescale- which is, currently, only correlary to the initial perturbation event. That correlation is somewhat weak and I'm still analyzing how to model it correctly. The other part that is also difficult to predict is whether there is a scalar that "tilts" the harmonic up or down. So far, the best I've figured is to use PA leading up to the perturbation to "guide" whether price will fall or rise or simply average to a new.... average. SInce I don't have this in pine yet, it is hard to publish here, but I thought I'd at least get a head start (and a kick in the ass for myself to finish it) by putting it out into the tradingverse. Happy Trading, and if you have any comments, suggestions, or other insight please comment!!!
by Interstellar_fibcannon
4
BANKNIFTYHello and welcome to this analysis Bank Nifty after a stupendous run has reversed from a Bearish Harmonic Alt Shark suggesting a probable 38-50 Fibonacci retracement of the entire run since mid June. Harmonic patterns are formed when structures synergize with Fibonacci ratios thereby giving higher probabilities of reversal confirmations. This view will be valid till SPOT does not break above 39850 Risk Reward appears to be very good for a bearish trade.
NSE:BANKNIFTYShort
by Dinesh_C_Nagpal
1
CHAMBAL FERTILIZERHello and welcome to this analysis The stock is at the PRZ of a Bullish Harmonic Cypher formed in Weekly time frame. A bounce/reversal till 340 to 375 is probable as long as it does not break 250. Risk Reward for the trade is v good at 1:3 Harmonic Trading Patterns consolidate and then give strong follow through of trends. Since this is based on weekly time frame, trading it via derivatives could be risky as it will be a time consuming one with pullbacks and sideway along the path till its target, hence, cash based entry is advisable.
NSE:CHAMBLFERTLong
by Dinesh_C_Nagpal
2