AUDUSD here we have a great situation on our hands for next week. We have a deep Gartley, which is a new pattern all together, and a dirty bat pattern. We have a trading oppritunity either way PA wants to go. im going to discuss the the two patterns next. the deep gartley is a little gem that scott carney has not really talked about pubilicly but in his 3rd...
Weekly Deep Gartley. No analysis im charting because im bored! OANDA:USDCAD
Weekly Kiwi Dollar. the pattern has completed a butterfly. enter after pa has crossed over the red line suffer a retest and ride the trade to 618. not the best setup as its a 1:1 trade :( im not by any means a position trader so im charting because im bored :)) #RiskFreeOrBust OANDA:NZDUSD
On Gold we have a alternate bat pattern forming. CD Leg is stretched almost to the max. the alternale ABCD pattern is also not using major fib recip. number. definetly wait for a good confirmation for this pattern. possibly might wanna consider using an indicator to confirm. #RiskFreeOrBust OANDA:XAUUSD
On Silverwe hve two patterns completing in the exact same area. we have a bat pattern and a deep gartley. Wait for price to kiss the white and pink line and forma reversal pattern. i would expect pa to react very volatile when it approachs this area. active trade management is advised! #RiskFreeOrBust OANDA:XAGUSD
Here on the Dollar Yen we have a bat pattern. its really cool becasue i drew this pattern before the software recgonized the pattern. we are using a little different c points but none the less its the same pattern. keep an eye out ther might be a type one setup after the markets pick back up after lunch here in the US. (normally around 1200 in the afternoon)...
So we have here a type 2 pattern possibility and a very dirty bat pattern all completing around the same area. so its very possible that we could see a very strong reversal on gold. (XAU/USD) #RiskFreeOrBust OANDA:XAUUSD
this is an update from a pattern i published last week that got thrown into my private section becasue i was typing in all caps. so, the pattern hit the tp2 whis is the 618. were moving down and this will make this pattern a type 2 which will be a bit better for a longer term trade. wait for PA to retest the low of the t-bar and wait for the reversal formation or...
---Possible Product Review--- Okay, I have some serious mixed feelings today. I dont typically trade on mondays as today is the shake up of the market from the weekend and people's emotions from the market. So, I thought I would buy Scott Carney's harmonic scanner for trading view. the software was very pricey and i honestly had i very high hopes for the...
THE ABCD PATTERN IS THE MOST IMPORTANT PART OF ANY PATTERN. THIS IS DRILLED IN SCOTT CARNEYS BOOKS. WHAT YOU SEE THE BC PROJECTION IS A 1.618. NOW IN THE BOOKS IT GIVES THE RECIPICOL NUMBERS OF ALL THE NUMBERS USED IN THE ABCD PATTERN. THIS IS A .618 AB RETRACEMENT FOR THE C POINT. THIS IS ANOTHER PIECE OF THE PRZ. NOW THIS IS A BIT CONFUSING BUT THIS MIGHT...
BTC has completed a 222 pattern. the prz has been tested and i would say if the current candle closes bullish might be a good spot to buy. Scott Carney Just posted a silimiar pattern which prompted me to look at it too just to see if i can see the patterns through his eye and this is what i found
EJ is in a nice spot right now for pattern traders. Currently what we have is two patterns available to trade. The one shown is a bearish butterfly. the BC Leg Projection of 1618 and XA 127 retrace line up perfectly. wait for the pattern to test the PRZ before entry.
EJ is in a Nice spot even on the daily. it has just completed an A-Symmetrical Gartley pattern. the PRZ has been tested. im waiting on a nice good candle pattern for entry.
Here we have US Oil creating a bearish Bat pattern. Its a Really nice pattern to consider. a good entry point would be the 127 XA Projection. I say that becasue there are a weeks worth Piviot Points lined up at that price point.
Part 2 of EJ. here we have a bullish butterfly. again we can trade this pair up or down. good spot to be in
***This is an online journal entry.***. As previous entries on my profile i am still learning how to be a Harmonic Trader. I am not a big fan of the crab patterns as they extend quite a bit past the XA leg. Originaly when i started trading patterns I admit i ignored the importance of the AB=CD. But, after reading the Books written by Scott Carney the back bone of...
On the US CHF P.A. has broken through a good resistance level. If the level holds then price should climb to the next resistance level. If it does the ABCD pattern completion is right above the resistance level. Once completed I anticipate a sharp drop in price. I have the SL set to the 1.13 projection of the anticipated completed pattern and A point of the...