Harmonics

forex live trades, setups, charts

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RicG
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Harmonics

Postby RicG » Mon Dec 01, 2014 1:31 am

Watching this for a potential NZD/JPY long trade.
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setup3.gif
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RicG
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Re: Harmonics

Postby RicG » Tue Dec 02, 2014 12:15 am

While NZD/JPY broke to new structure highs, the highest candle close didn't violate the fib extension limit that contains the valid harmonic pattern. Therefore I'm still looking to go long if the "IF, THEN" scenario plays out. An updated pic of the pattern as it now stands:
Attachments
NZD_JPY_update.gif
NZD_JPY_update.gif (91.07 KiB) Viewed 1041 times
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)

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Re: Harmonics

Postby RicG » Tue Dec 02, 2014 10:37 pm

NZD/JPY pushed up and created a double top right at the upper fib extension limit that contains the valid harmonic pattern. Therefore I'm still looking to go long if the "IF, THEN" scenario plays out.

An updated pic of the pattern as it now stands:

update3.gif
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(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)

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Re: Harmonics

Postby RicG » Thu Dec 04, 2014 10:23 am

I'm still watching for a possible harmonic pattern entry on NZD/JPY. Price has been in consolidation for quite a while now. These setups are great for learning patience. The "Place inline" function is not working for some reason, so please click on the attachment link for the latest view:
Attachments
nzd.jpy.update.gif
nzd.jpy.update.gif (90.01 KiB) Viewed 1041 times
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)

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Re: Harmonics

Postby RicG » Fri Dec 05, 2014 8:39 pm

Well, NFP numbers that came out this morning got things moving for a lot of markets including NZD/JPY. The move up officially broke the harmonic pattern structure I've been watching for a few days, so no trade on this one at this time. I'm searching for possible setups on other pairs - will post when I find something.

pattern_broken.gif
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Re: Harmonics

Postby RicG » Sun Dec 07, 2014 12:17 am

Conducted my weekend research this afternoon - here are the potential harmonic trade setups I watching this coming week:

(For some reason the "Place inline" function for posting pics doesn't work on this thread - it does for me on others. So, please click on attachements below to see chart pics.)
Attachments
EURAUD.png
EURAUD.png (77.84 KiB) Viewed 1041 times
AUDJPY.png
AUDJPY.png (94.19 KiB) Viewed 1041 times
NZDJPY.png
NZDJPY.png (88.01 KiB) Viewed 1041 times
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)

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RicG
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Re: Harmonics

Postby RicG » Mon Dec 08, 2014 9:52 pm

Update:

EUR/AUD - broke to a new structure high, but that push up didn't violate the fib extension limit for the harmonic pattern to remain valid.

AUD/JPY - this pattern is on a Daily chart and is a long ways away, both in terms of price and time, from possibly triggering.

NZD/JPY - is very close to triggering - might happen later today. An updated pic of that setup:
NZD.JPY.png
NZD.JPY.png (76.02 KiB) Viewed 1041 times
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