Harmonic Analysis - page 151

[lobogabor]

schenkan:
Hello guys!

First off, really been enjoying the reading and the possible trades. ty

Question for everyone who wants to answer, what goes through your head before pressing sell/buy?

Like if you go through some steps;

- rsi or similar indicator needs to show divergence

- PRZ in mayor support/resistance

- no big news about to be announced

- do you wait for a retest of the area or do you take the trade at the first "bounce"

- some kind of checklist that you follow

sometimes I just found myself overly excited about finding a pattern so the thoughts in my head are just like - aaaah, a pattern better buy sell before it's gone! well, more or less.

Any mayor/minor secrets appriciated or just any thoughts about the subject.

Besides the HTF sup/res zones and number oo occasions in history

Rsi or and other oscillator position and direction (on LtF and HTF)

Divergence is a plus

Multiple 5 points harmonics coming together in a close zone (eg. Gartley with a butterfly/crab in the right triangle)

ABCD on the CD leg / or 3 drives are plus

Any of the secondary patterns (right triangle) and or a LTF HP at max level in the same zone is a plus

Basically that is it, but it might be well over-complicated compared to ryushins nicely working description.

This method/or very similar was described by the T2T team they called it CTS system ( a scoring system), where they defined a value for these kind of elements and then no entry below score 7, and then the higher the score, more strong the case is.

[lobogabor]

Example of multiple potential harmonics coming together in a tight zone at a bigger impulse leg 50% retracement. Oscillators heavily OB.

AudUsd D1 potential harmonics

Any other views?

[Aki Miu]

lobogabor:
Example of multiple potential harmonics coming together in a tight zone at a bigger impulse leg 50% retracement. Oscillators heavily OB. AudUsd D1 potential harmonics Any other views?

I'd add previous support confluence. That support could be now resistance.

[Aki Miu]

GBPJPY 1h - Potential bullish cypher.

[lobogabor]

NzdUsd and NzdCad - is it time to release the bears? H1-H4-D1 double bearish HP formation about to complete.

[Aki Miu]

lobogabor:
NzdUsd and NzdCad - is it time to release the bears? H1-H4-D1 double bearish HP formation about to complete.

I don't know if the bat pattern on NZDUSD completes any time soon but maybe when it completes, there may be a divergence.

[Aki Miu]

EURAUD 4h - Potential bullish butterfly.

[Aki Miu]

GBPUSD 15m - Potential bearish cypher.

[Aki Miu]

EURGBP 1h - Potential bearish bat and butterfly.

[Aki Miu]

Just wanted to share this great trade I took. My plan was to take the bearish cypher and get out at B of the cypher and open a long position at B. The reason why I entered long was because B could be support. My plan worked out very nicely.