I have read both books… I would say they complement each other. But The Harmonic Trader has far more technical information.
Awesome. As soon I can get through Larry’s book I plan on picking that one up.
Ran home from work to check out the EUR/USD to see if anything was going on before bedtime. Still trading demo and if I had more time I would have labeled the retracements a little better. Entered at 100% of CD; converged pretty nice with the 1.00 of XA. I sold at that point and looking to get 30 pips and be out. Lets makes some fake money !!
Price hit my (TMB’s) profit target and Im out of trade. 30 pips for a 3% increase ($1000 -> $1030):D:D
slow clap well done
Hey Crazy, not yet but its on my PDF book list thats for sure.
Thanks crazysac99 … I was able to make some 30 pips off the 127 retracement of CD. it had a nice convergence with the 314 retracement of XA.
Hey, liftoff. You think you could attach your chart if you are able to. I would love to see the m30 right now. At work and I can’t access Oanda. Thanks!
That’s awesome. I saw those big range bars of the CD as it approached 1.00 of XA and I thought it might go higher, just wish I could have stuck around. Nice work.
A few weeks more of searching And we ll be seeing these patterns in our dreams.
Just got home from work and I took a quick look at the USD/JPY. Potential Gartley that would complete around 4:00 EST. Tell me what you think.
BTW m15 chart.
Am now heading to work. Will let you know what I see when I get there.
This is what I see… looks more like a Bat to me… XA retraces at 50 on B and AB retraces at 50 on C. I will look to go short for a quick 15 pips at 76.91… strong convergence of two fib extension there. I believe this might provide some resistance and I can make some money off the pullback.
According to Pippin Ain’t Easy,
There’s no stopping my boy the yen, is there? USD/JPY is now steadily trading below the 76.00 mark, and is currently forming a descending channel. Price is now right smack in the middle of the channel, but I expect traders to be keeping an eye out for potential support around 75.60 and resistance at 76.15.
–>> Doesn’t look too good for my Bat outlook.
According to Pip Daddy, The news coming out of Japan aint good for the Yen. Fundamentally the Yen might be fallen today… If the fundamental news moves the market…our bat might be formed.
The technical indicators over at fxstreet is showing a strong berish stance on the USDJPY… And the current pair pivot stands at 75.96 very close to the area of convergence I spotted on the chart. I think I might hold my position longer ones I get filled in.
I would say the market Bias is to sell… Lets see how it plays out.
Nice setup - sucks to have missed it. Liftoff, what timezone are you in??
Right in the middle… GMT
Sorry I haven’t been around these last few days. There’s a nasty bug floating around and I was lucky enough to catch it. Should be back at 100% in a few days. Looks like everyone is finding a decent amount of patterns. Really glad to see this be a success.
I was starting to feel like we hijacked your thread.