So, we have a very nice potential trade set up. this is a nice bullish deep crab pattern with a completion of the PRZ and it respected the zone and came out. price came down to retest it and now we are throwing an indecision candle. what i would like to see is PA to remain similar to what it is at this moment and tomorrow (wednesday) finish off as an engulfing...
I wanted to post this chart as a reminder to myself and others of what not to do. I drew this ABCD pattern last week some time and then the pattern software picked it up later, but notice ho PA came down and tested the PRZ and the rocketed the he__ out of there. this is an example of a type 1 trade by Carney's definition. price comes in stabs the PRZ and leaves...
Here on the Euro/ JPY (EUR/ JPY) we have a bearish ABCD Pattern. PA came a few dozen pips from the SL and threw a moderate wick and now PA is showing sell. What i want to see is today to close as an engulfing candle, Monday throw a wick in the 129.74X range and close as either as a bull or bear candle and if its a bear candle enter the trade on Tuesday or if its a...
Here we have a bearish bat on the daily. Price came up a few dozen pips from the HOP on my pattern and slightly violated the HOP on the automated pattern recognition software. Now, I know I haven't been active lately, but for those who have been following my patterns know I am not a big fan of oscillators; however, we have a double top on the AMP RSI (scott...
Here on the Pound/ Yen, the king of volatility, we have a bearish bat on the daily. Price came up a few dozen pips from the HOP on my pattern and slightly violated the HOP on the automated pattern recognition software. Now, I know I haven't been active lately, but for those who have been following my patterns know I am not a big fan of oscillators; however, we...
Here on the Pound Dollar (GBP/ USD) we have an ABCD pattern that is in action. I plotted this pattern a week or so ago. What I want to see is that Price to close as a bear candle today end as a bull candle Monday then bear candle Tuesday and enter on Wednesday. all in all just a retest of the high and hop on the sinking ship. As most of the royal pairs there are...
Surprisingly enough this company is stellar when you look at the financials. Its Cash Cycle is under 30 days with absolutely NO ACCOUNTS RECIEVABLE!!! its been growing its revenue around 10% each year, management has been buying back shares to increase shareholder equity, its dividends are squat :( , but they are gunning for Five and Below/ FIVE s market by...
Hello All, it has been quite sometime since I posted, in part to my employer putting a proxy block on TradingView. I'm not a full time trader yet as I am still working on my Risk Management skills. But as far as strategy my harmonic stance is pretty evident from my previous posts. Anyway, I have been saying "BUY" the Euro since June or July of 2020 even though...
Here, on the 4H we have a Deep Crab Pattern on the Euro Kiwi. Now, Knowing that the COT report is in favor of buying i am trying to find buying oppritnities for the Euro. The Kiwi is also in buying favor coming from the COT, but not nearly as much buying power as the Euro. I am expecting a little drawdown but overall an upward move
Here on the Euro we have a 222 pattern that fits due to the 3% tolerance outlined in the Harmonic Trading Volume 3 book Scott Carney published in 2016 (I THINK). The white line is the HOP Level for the Pattern! We have a classic Bullish Flag Pattern that has formed on the Daily chart and there is about 300 pips from PA now to the HOP Level. If PA closes above the...
Here on the Euro Index we have a 222 pattern that formed. what i like to see is that this pattern lines up with the COT report that was released Monday due to July 4th (United States Birthday :D 'merica) being observed on July 3rd. in the circles we have three potential bearish star patterns printing on the PRZ which is a resistance level. depending on how today...
Here on UK Oil we have a bat pattern and the PRZ is lined up beautifully with a major resistance level!
Here on the Pound Aussie we have the same pattern i drew last week *i think* . PA came to the HOP level of the pattern and quickly reversed! Right now we are having a retest of the PRZ. if the current candle closes with a decent size shadow then we might haven entry. Price hs been ranging for quite a while abd we are just waiting for the break!
So, this pattern on the Dollar Yen is in a rough spot! we have a high volume candle that rushed back into the PRZ and then a medium candle get rejected by the support zone which is about half way down the candle! then after that there is even more resistance for PA to travel. this Pattern might be a good to let go but we will see if PA can break the candle support...
Here on the Pound Yen we have a Nice Gartley Pattern that is formed. The PRZ has been tested and now we are waiting for entry. *** Insert Personal aside here>>> Now, Harmonics gets a lot of slack from the trading community for various reasons, but i still think @ScottCarney is one of the greatest Market Technicians still alive. He was able to study previous...
Now, I know a ton of People that bought into CCL becasue of the "Bargin Deal". But lets not forget that cruise lines were one of the main vectors for SARS2 into the states. if you read the 1st 10Q for CCL they tell you that their reputation might not recover because their ships name associated with SARS2-COV19 and that they may not recover from that. Its under the...
Here on the Pound Cad we have a gorgeous Bat pattern. Right now we See PA respecting the PRZ by throwing Indecesion Candles. Now, whether the pattern works in our favor is a different story but what we do know is the level is valid as PA raced into the PRZ and is now tangled up. im honestly looking for this Current Candle to close as a Bullish Spinning Top or Doji...
here on the Euro/ Pound (EUR/ GBP) we have a nice crab pattern i drew out the other day (Sunday I think) and i have been waiting to enter the trade and missed my opportunity for the type 1 move so now im waiting for the T2 move. the trade is currently 20-ish pips in profit for the T1 setup! the yellow line is the HOP for this pattern. based on the COT report...