---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...
Bearish ABCD pattern spotted in CADEURO in 1 hour chart But it is a failed pattern as price didn't hit sell zone.
This is for education purposes analysing a successful harmonic pattern / 61.8. This was from a Gartley which is a very powerful harmonic pattern. The price completed a Harmonic pattern with values very close to the desired out come (only a few points) Price found a level of support from the structure. There was Divergence evidence in the lower time...
I am going through a book on Harmonics and Fibonacci ratios (The Harmonic Trader by Scott Carney), and I'm seeing for myself how these ratios can be used as key areas of reversal. I used to believe that day-to-day price action was random, but after looking at several charts for myself, I now reject my old belief and concede that price action is greatly tied to...
Am aware iv put a lot of information on the chart thats why i placed it as educational. You may as well post your view. Now iv been holding this pair for quite some time now, to the previously posted setup. Placing an eagles eye on it and these are the possibilities that i foresaw. The pair is currently retracing and if it holds down there it would bring out an...
GOLD has a correlation to the strength of USD, as a risk-off asset investors seek haven in the event of Dollar weakness (USD falls > GOLD rises). I'm sure there's more to it than that, be sure to check it out online for yourself. Comments The Daily timeframe is looking very clean when it comes to price action. Having formed bearish MACD Divergence between...
hey traders, this Monday I want to share with you my thoughts about dollar yen currency pair. As the market has been violated 113 structure level, I anticipate bullish continuation up until at least 114 level. As the market reaches 114 I will be looking for counter trend opportunities. One of them is this potential bearish abcd pattern. It is an easily...
How to trade the ABCD pattern This is an example of a bullish ABCD pattern. Ideally, Point C should be Fibonacci retracement between 61.8% to 78.6% of the A-B leg. Point D should be a Fibonacci extension between 127% to 161.8% of the B-C leg. Stop loss should be below D or previous low. Take profit can be at the 38.2% and 61.8% Fibonacci retracement of the C-D leg.
PART 1 AB =CD ( The Retrace ) You will find Harmonic patterns everywhere.. All you have to do is look.. Once you've established an AB=CD Pattern is close to being complete or has been completed it's game time. In a down trend you will find Bullish AB = CD patterns. That's bc the market has moved down, over extended it'self momentarily and is ready for a...
If this wave of buying contiunes look for €7100 being hit before the close of the month with support of this down at €6528.
This pattern has brought me great success scalping crude oil. How to trade it: Look for an ABCD triangle formation with lower highs and higher lows. Draw the triangle with extended lines. Measure the baseline at B and divide it by 2 Add this value to the point of breakout to get a nice padded target to either side Look out for fakeouts and good luck. ...
Step 1 Define the AB=200.8 pips Step 2 (Most important)If confirmed that the price will go up for the C! The height of BC must be(0.618-0.786)of height of AB Step 3 If CD=AB=200.8 pips.The price will reach to 1.32524
How to Trade the AB=CD Pattern Hello traders, following up from my previous educational post I received several requests via private message for my take on the AB=CD pattern. This structure represents the basic foundation for all harmonic patterns, it is one of the classic chart patterns which is repeated over and over again. It was developed by Scott M....
Hi Traders, Please find below three basic trading strategy's that can be implemented to any market on a daily basis. I have only given out basic information on the ratio's and fibonacci's of the two strategy's, should you need anymore in depth information don't hesitate to contact me. ABCD Rules Of Engagement: 1. Point C must retrace to a 0.618 of the A...
Hi Traders, Please find below three basic trading strategy's that can be implemented to any market on a daily basis. I have only given out basic information on the ratio's and Fibonacci's of the three strategy's, should you need anymore in depth information don't hesitate to contact me. 2618 Rules Of Engagement: 1. Double top 2. Break & close below...