30 Pips A day Keeps the your money at bay

[Diablo1505]

Frankly I don’t know how to gauge when the price will reach a certain level but I’m shorting until 1.3257 and then going long. And yeah, we’ll see how it turns out

The only way i know (taught in this thread) how to predict the time when price will hit a level is when a trend line like the one i drew up (drawn between the daily 8 MVA and 20 MVA crossing) crosses the convergence. Look a few pages back. [B]Themoneybags[/B] has reposted his earlier post showing just that. Take a look and try it for yourself.

In this case (EURJPY) it crosses the divergence at approx 11am tomorrow.

[Diablo1505]

Maybe last weeks and this weeks move just formed an Apex for a developing flag on the daily and price just may swing between the 200-300 pip range as it forms for the nest week and a half :54:

Yeah, it’s a big move. Only time will tell.

[shonick]

In addition, history has proven that once a true D point is triggered it has a 7/10 (70%) chance of completing a .618 retracement; the reason I have shown higher success rates then this is because the majority of my patterns complete before even reaching a .382 retracement and I have noted that price tends to test the .382 80% of the time when completing a “true” D point. If you have not done so, take time to go through the thread and each post carefully… you will find that I show both the success and failures of this system and the reason behind each cause.

Do you mean .618 retracement/.382 retracement of XA or AD or which segment?

Scroll back few pages and you’ll find a detailed explanation. When drawing the first fib from wick to wick (X to A) does give you confusing results, you can test to draw it from the base pf the candlestick (X) to wick (A) or from the 8 MA (X) to wick (A) to see if you get a better result (convergence).

Thanks, I learned something news here :). I will try to find that page, could you give me a hint on who explain it, so I can find it easier?

Refer to the following quote and click on the little arrow next to my name if you would like to learn a bit more about the technique I’m applying to harmonics now:

Thank you, this was very useful.

[merper]

Does this short term 4Hour analysis of the EJ hold up with the longer 1H one above?

There is convergence at the 127/38.2 and 161.8/50 levels and the wicks and bodies are respecting both. However if I had played the 127, I’d have gotten stopped out easy. Could it still go down to the 161.7 point?

[shonick]

Here is EURJPY on 1 hours. I found multiple convergent at the dark circle. Is this a good buy at D right at that dark circle? Look like the time is at around 3 PM tomorrow.

There is 2 D converge, and 2 trend line from 4 hours converge together.

[benjabuze]

I’ve been looking at this thread for a while and have learned quite a bit.
There is a pattern forming in the AUD/USD H1 with convergence at .786 and 2.000

[Joesfx150]

Looks good

[forexpastor]

@Diablo1505

I am still waiting for this trade on the EUR/USD 4H. Convergence on the 1.000 and 0.382 lvls.

Forexpastor, you still watching this trade? What do you other guys think about this pattern?

And what do you know… A trendline from connecting the 8 MVA on the Daily Chart is hitting the convergence spot on…

Yep. Seeing where it takes us.

[forexpastor]

If you look through all the patterns that I draw on this thread I always have something that is adding towards the convergence zone of the pattern (usually 3-5 additional signals that indicate the buy at that specific zone).

I can see some of your additional signals that you use, but will you list the signals you use in addition to the d point?

[merper]

Shonick, what is your buy target for the EJ?

I have 117.13 on the 4H, but I believe yours is a bit lower.

[TMoneyBags]

Can you find the pattern that the EJ, UJ, NJ, plus other yen pairs have just triggered? :33:

[cyanidez]

Can you find the pattern that the EJ, UJ, NJ, plus other yen pairs have just triggered? :33:

Gotta admit that I don’t see anything convincing. I see the EJ has bounced from 88.6% of XA that converges with 1.618 ABC, so then I guess it’s a Gartley but not sure about this one at all. Help a guy out here

[TMoneyBags]

Gotta admit that I don’t see anything convincing. I see the EJ has bounced from 88.6% of XA that converges with 1.618 ABC, so then I guess it’s a Gartley but not sure about this one at all. Help a guy out here

Correct, it can also be the 1.0 of XA if you use the bottom of the MVA curve on the hourly ;). It already completed 30+ pips but if the 4 hour reflects a bullish close from this then it will be the spark of the continued uptrend a close bellow would push price towards the previous low. There are more patterns… just open your eyes and broaden your perspective

[cyanidez]

There are more patterns… just open your eyes and broaden your perspective

…the fog is lifting a little more every day. Keeping the big picture in mind has done my account good, very good. Stress-free trading like this is the best, anticipating a reaction from a level vs. reacting to price.

Thanks for the continued insight TMB.

[shonick]

Shonick, what is your buy target for the EJ?

I have 117.13 on the 4H, but I believe yours is a bit lower.

I set to buy at 117.100 and take profit at 117.42. Just 30 pips

[merper]

@shonick

I set to buy at 117.100 and take profit at 117.42. Just 30 pips

Nicely done! I didn’t place an order. I am literally on week 3 of my Forex training and haven’t quite got around to learning those buttons yet.

I see two Bearish Gartleys on the EJ 30Minute. I am using the wick to wick method and not TMBs moving average because these are short term graphs. Not sure if this is right, and also not sure how to time a D. However, I do see a very good convergence at the 100 of the CD at 118.6, and multiple convergence at the 118.9 which also happens to lie on a 61.8. Do these look valid to you guys?

[Drabson]

Maybe it is not connected with the harmonic trading topic but I think a head and shoulders formation is visible on the hourly chart of EJ. If the neck line is broken we may expect to catch quite some pips on a long position. Don’t know if I’m right though

[Diablo1505]

@merper

Nicely done! I didn’t place an order. I am literally on week 3 of my Forex training and haven’t quite got around to learning those buttons yet.

I see two Bearish Gartleys on the EJ 30Minute. I am using the wick to wick method and not TMBs moving average because these are short term graphs. Not sure if this is right, and also not sure how to time a D. However, I do see a very good convergence at the 100 of the CD at 118.6, and multiple convergence at the 118.9 which also happens to lie on a 61.8. Do these look valid to you guys?

Both look really good to me. Both can work out. I drew the first pattern like you (but from the 8 MVA instead) of the highest extreme X and got the best convergence at 0.500 level. When i drew the second pattern with X at the spike of price in the middle i too got the best convergence at the 0.500 level. As we know this pair likes to respect that level so hard to say which trade will work out, or maybe even both… To be honest i have no idea which one to choose but since the first pattern is drawn from a bigger extreme in price it maybe automatically is the more valid pattern?! :31:

[Diablo1505]

Yep. Seeing where it takes us.

Not far at the moment…

Looks like we will have to throw this one over board.

[merper]

@TMoneyBags

Can you find the pattern that the EJ, UJ, NJ, plus other yen pairs have just triggered? :33:

I guess this one is the NJ that hit?

That’s some beautiful symmetry, and perfect convergence with the XA drawn from the MVA. I’m not very clear on when to switch from the wick to the MVA for the X, but on this timescale I can see it works out empirically.

Before I saw that, I was drawing my own lines, and it seemed like I had found a much lower target. There’s much less symmetry, but multiple points of convergence. Could this still be a Gartley or Butterfly in that circle? (actually there’s multiple convergence on the 50 line as well, which is where the earlier Gartley showed up)

One more Bearish Gartley on the EA. Actually, it’s not, the CD is not yet 100% of AB, but I am curious to see what happens with all the convergence on the target. There is very strong convergence at the 100% of the longer XA though, so that may be a true Gartley.