USD-CHF Trade Update.
By · Comments3:40 est.
I first posted USD_CHF daily chart back on 05-13 when the price was @ 9300 and going up. I wrote on the chart that it might go to 9450 to make a Gartley. That is exactly what happened on 05-16 and I did posted that day saying that 9450 was touched and now we started to go down as a reaction to this Bearish Gartley Pattern. I already got in using Magic Wave 5 min setups .
Check out the chart I posted on 05-16. I went up with it from 9300 till 9450 as planned and now I already shorted it and sitting on BE. Lets see what happens at the G* meeting and if we continue going down or what ?
EUR-JPY. Trade Setup For Next Week.
By · Comments1:20 am, est.
This is a Classic Bullish Inverted Head & Shoulder Pattern.
There is a G8 meeting going on right now and I think it will continue into the weekend. If they come out with anything positive for EUR, then, this pattern could be a very good Trade opportunity.
EUR-USD Bat Pattern Complete.
By · Comments10:17 est.
Yesterday, we Completed my BAT pattern which I posted here 2 weeks ago when the move started from 3280 as a ” Possible Bat Pattern. . The last # on that chart was 12721 and we touched it yesterday. Now that we have completed the pattern, we should get a reaction to the upside. Lets see.
Harmonic Trading and Patterns Like Gartley, Bat, Butterfly, and Crab among others are very accurate and well caculated Patterns to trade.
GBP-USD Magic Wave setups and Trades
By · Comments10:05 est.
Keep taking the setups as they appear.
These are three entries and I myself count them as three setups and 3 trades even though they are on the same pair. This is the Beauty of it. Within 70 pips move , I made 150+ pips
USD-CHF Trade and Target Achieved.
By · Comments1:10 est.
This is called ” Harmonic Trading.” Two Patterns were in play . A butterfly pattern on H4 to complete a Gartley Pattern on the Daily chart. Target was 9450 and we just touched it.
I made this chart day before yesterday showing how the Haomonic Patterns works. The conventional way of using these harmonic pattern is to open a trade after they are complete at point D . But I like to ( and I am pretty good at this ) envision and calculate the last leg which is CD leg and Trade that as well . In the chart below, there was a Butterfly Pattern in the making on H4 which would eventually complete the Gartley Pattern on the Daily chart. These patterns are very accurate and calculated. You just have to find them. I traded the up move to 9450 and now will wait to see when we start to drop and will trade the reaction of this Gartley Pattern. I hope I am making any sense.
EUR-JPY Magic Wave Setup and Trade on 05-14-12
By · Comments6:10 est.
Eur-jpy currently sitting on 61.8 % fib level after bouncing from the support @ 102.19 . 61.8% is @ 102.54 and the current price is 102.73. Technically, she needs to go up but need a catalyst and so far we dont have it. Lets see what happens.
