Raven, from your mouth to Gods ears as they say. I have 3 small short positions that I got from this short coming up as a Harmonic fibonacci pattern on the 4 hr chart. I am looking for a 161299 area as 1st tgt. Then down to 160016 and maybe a short ...

Cable Update (GBPUSD)

Funny that I was watching this very same chart all day until it reached that magic 2.618 . I am a Harmonic lover myself but was in the trade short using a different method. I have always wondered how one can make use of harmonic patterns just like ...

The Student Handbook

YOU WROTE: We all human not need agree with each others minds, or concepts or views always. Humans are very different. Thats reason why we have markets. It is also why we have locks on our doors,and guns. And prisons. Maybe for Christmas we should ...

Technical Analysis Fallacy

Bakuli, you must be destined for trading greatness,then. Because those who talk dont know. And those who know dont talk. If you are silent you will eventually know all. (Or all that you need anyway. )

Technical Analysis Fallacy

i WAS TOLD IN A SEMINAR HE DID. bUT NOW IT GETS REALLY, REALLY INTERESTING. Gann, R.N. Elliot(father of elliot waves). Charles Dow,(dow jones industrial average) and the most colorful of all Edwin Lefevre(Reminiscence of a stock operator who made ...

Technical Analysis Fallacy

Rob, why not use my method and take BOTH the current candle ANDthe previous days candle by like 7-7:30 when the risk for another position is tiny because the candle likely current daily candle probably only moved 8-20 pips anyway so early. Its ...

The7 Trading System

Great question Paul. Really the only logical NEXT question you could ask. Sharp guy! Ok, since I also use a harmonic pattern system, I will play heavier $$$ if my bat,butterfly or crab pattern also likes the trade in the same direction. I ...

The7 Trading System

Blue gas, I dont mean to be rude. But please, take it from me I am trading many years. Out of all the traders in the world, the very few that could win even for 1 week, let alone consistently are all under your desk. Tell me how many people you ...

EURUSD

Guys, Agreement?Yes//No If this snapshot does not make you want to short this pair, one of us is insane. I would take this exact setup 100 times. Why? Because if I put my stop at the high of either of the last 2 candles, whichever is higher, my risk ...

EURUSD

Based on a Harmonic Fibonacci pattern that just emerged today,I am short this pair at 1.6260 for minimal amouny and will add at 1.62088 and 161595. Ultimately this goes below 1.58010 but I may not hang on that long.Will keep you guys posted. ...

Cable Update (GBPUSD)

Im sorry if this is the wrong place for this post but it indirectly negates EUR/USD action, so take a look at whats been on my mind all day today: AUD/NZD CORRELATION: Gentlemen, the NZD has gotten decimated against the CHF for 6 straight sessions. ...

EURUSD

I am fascinated by what you wrote. I always wondered why Gann had to sell his book for $1500 back in the 30s or 40's. Didnt he already make a fortune? If he did, would altruism be on his mind if he made the market his personal ATM? oN THE OTHER HAND ...

Technical Analysis Fallacy

Zoom, Im glad you brought that up. I have been thinking about the theory that a person almost always has a bias when reading a chart,even if he never traded that pair,market or instrument before. I myself have caught myself with stock daytrading ...

Technical Analysis Fallacy

Is the offer to sponser for trading or AA. Because one will lead you to the other if not careful. I myself have been trying to get someone to put together a trading room just for about 5-10 of us who want some critique and feedback on our systems ...

Trend Trading All Pairs

AUD/NZD CORRELATION: Gentlemen, the NZD has gotten decimated against the CHF for 6 straight sessions. But then USD and JPY dropping big 3 days straight against CHF. No news at all about NZD or CHF. Why might this be happening. And could someone tell ...

Trend Trading All Pairs

AUD/NZD CORRELATION: Gentlemen, the NZD has gotten decimated against the CHF for 6 straight sessions. But then USD and JPY dropping big 3 days straight against CHF. No news at all about NZD or CHF. Why might this be happening. And could someone tell ...

All Majors and Gold

]I’m glad you brought up to term “noise”, in my most sincere and humble opinion there is no such thing. Let’s say you are in Google Earth and you are looking at your home town from space. You zoom in a bit and see the country first (daily chart). ...

The Student Handbook

Paul, read my post on I think around 704 and that will help you. Yes the system says to wait for bar close. I will since you are a question asker,I like that, I will tell you a variation I am so far(about 10 days) doing very,very well with. I follow ...

The7 Trading System

[quote=Silat50;6280913] ARE YOU ALL MAKING A BUNDLE THIS WEEK? After the advice I gave all of you, and the market action of 4 and 5 up or down days in a row, on most pairs and with the bars being big enguphing bars, how could any of you not made ...

The7 Trading System

Mr Pip you are certainly right on much that you say, and wiser than most of us. But if you just look at the 60m chartof the last 4 hrs, the price is disgusting! This to me is the kind of market where the house gets both sides. No or few winners. How ...

The Student Handbook