₦airaland Forum

WPCPROPERTY:
To Let

Total package pls.Thanks

Tadeus:
Happy Sunday Nairalanders

Hello bro,how much will land to Lagos a full option Mercedes Benz e350 2005 model with low mileage and genuine custom papers (least price).Thanks as I await ur response

Hello house,I can see pips gathering is in full gear.Have not really had time to trade due to busy schedule,just managed to catch only two trade this week.Someone on this thread sent me a mail about harmonics and if it really works,the person just fell short of asking for live trade as proof.I never said it is 100% successful,no system is.I can only say it works a good number of the time if you know what you are doing.I have posted charts before and have decided to post my eurgbp live trade for the person to see as I told him I would,over 200pips drop so far and I didn't even catch it early.Similar pattern on GJ and GU but GU is still resisting a nice fall but I believe it would fall.
See you guys later and Happy pipping.

naijababe: ^ If you have an open position,I guess you can close it and see how tomorrow plays out but I won't be so quick to short any dollar pair as can be attested to by the dollar index below.

Thanks sis,I have not opened any position.I have seen these patterns violated a number of times,I am picking my signal on the daily on this one and none yet.Gold is reallly doing you well,leave some for me o.

ayox2003: First off, thanks for this chart . I'd be monitoring this pair now. It has completed its harmonic but I cant see your expansion and target 1st TP. Very good to sell but PA remains.


Frawzey

Thanks for the analysis.My expansion is the Alternate price projection of 161.8 and it is wthin the PRZ.I will set my TP after I get a signal to open a positon.Mt 1st target is usually 0.382-0.618 of the pattern extremes afterwards PA determines my next TP.

JAkpayen: hey bro! quite a while, I'm closely watching PA and will see how 4h candle react within this zone.

Yes boss,quite a while.Been busy off charts.Hope u got my mail.

lari03: Based on some knowledge that I acquired from reading a pdf on Gann analysis,some very interesting mathematical cycles were highlighted with respect to trending days and natural numbers in a circle, based on that, it may not be perfect but I see Price going beyond the 2.0 level to 2.618,before a major reversal occurs. The pattern best fits a bearish bat formation and 2.618 is a valid extension when BC is 0.886 retracement of AB(though in this case it is 0.786). The reason why I am quite certain price could go up further is because the cluster in July which held sway for almost a full 30 day cycle(calendar days),would need to be compensated for in the upward thrust.So lets keep watching and just as you observed NzdUsd making a bullish harmonic pattern, GbpUsd may indicate the beginning of a bearish trend in the market for dollar related currency pairs. Interesting days lie ahead.

Thanks bro,for the analysis.I really appreciate.The pattern is defintely a bat and of course 2.618 is a very valid extension of BC but extreme in this case.From the PA I see on the chart,if I were to go with 2.618 then defintely 0.886 retacement of XA would clearly be violated as 2.618 is clearly above pont X and we wll not be talkng about a bat pattern anymore.I am also looking at the weekly trendline which also is at the zone.Like you said,lets keep watching.if 2.0 doesn't hold then 2.618 is it.NU actually made a bullish pattern last week though not a very strong harmonic chart and I posted it and it played out nicely,it has hit 127.2 of pattern extremes and that was my last TP.
The good thing about harmonic is that it alerts you of possible reversal,price action takes care of the rest.



Thanks people for the analysis,really really appreciated.You all have a pipsful day.Off to work now,see u guys later.

Based on Harmonic calculations GU is prepping for a nice fall.Price has hit my calculated potential reversal zone.I am closely watching PA to see if the pattern is valid.
PRZ parameters is at 0.886 internal retracement of XA,2.0 external retracement of BC,1.618 alternate price projection of AB and 2.618 alternate time projecton of point B from X.
see chart below.Gold has hit the zone,watching PA too (put up a chart some days ago),the NU chart analysis I put up last week has exceeded my expectations..Will wait till 2moro to enter any trade,don't trade asian,i need my sleep .
Where are my harmonic/fibo traders?...ayox2003,naijababe,jakpayen et al?,any thoughts on GU?.

@jakpayen...Bros u got mail.

lari03: ^^^ just rejig the fibonacci tool and add the levels you need from .786 upward, its best to list out levels that the harmonics often visit to do this.

Correct!.

naijababe: Must be fibonacci season around here .

JAkpayen: I'm lost How do you run the fib to show those numbers? Abeg make we chat.

Sorry bros for confusing you a little.First I want to make a correction in my analysis of the chart you posted.For point D from B,fib ext 2.0(your chart says 2.08) is a good harmonic number for a bat pattern,2.618 is extreme price action not very common but occurs.In which case the PRZ on your chart is on point but I still expect price to get to 0.886 retracemet of XA.
Anyway,before we chat sometime, let me just explain the numbers.From any labelled pattern,the corrective structure starts from point A after the move XA.Point B is fib retracement of leg XA.Point C is fib retracement of leg AB.Probable Ponit D where correction is expected to end and price reverses would be a cluster of at LEAST 3 fib measurements-(1)Fib retracement/extension of XA,(2).Fib extension of BC,(3)Fib projection of AB from point C.These three measurements don't meet at a fixed point but covers an area(the box in your chart)although these measurements sometimes overlap.Harmonic followers call this area Potential Reversal Zone(PRZ),the smaller the PRZ,the better,it shows a good cluster of fib numbers.When price hits this zone,you watch out for reversal signs.The fib levels that results in all the points mentioned is determined by price action and the fib levels determines the pattern that is forming.The harmonic patterns don't give 100% reversal but has a high degree of accuracy especially when the IDEAL fib levels manifest on the pattern.Hope this helps.

JAkpayen: Nice one, that's a bullish gartley right? Please help me out on the chart below for gold. Is this a confirmation for a bearish gartley.

The formation is not a good gartley but bearish all the same.You can see that the harmonics are weak.The most important point is at B for any pattern and for an ideal GARTLEY,the point B should be fib 0.618(or close) from X,what I see is 0.447 which is close to 0.5 in which case I'd say a bearish BAT pattern is forming and in which case point D from B should be a fib extension of 2.618(or close) and not 2.08 on the chart.Also point D from X for a BAT should be 0.886 not 0.786 though it can't always be perfect.So if I were to imagine a bearish BAT formimg,I see Price Action still going up and when it hits the ideal fib levels around 0.886 of D from X or fib ex 2.618 of D from B then I start watching out for a reversal in the PRZ.I wouldn't pull the trigger immediately the pattern forms,I would have to watch PA reaction and sometimes a momentum indy for confirmation.
I noticed you are using a customized Harmonic indicator,I used to do that too but I would advise you do away with it and search these patterns yourself,it is very easy.The indy can be misleading.Put up a zigzag indicator on your chart and the pattern formation becomes obvious and all you need do then is to run your fibs on the zigzag lines and join swing highs and swing lows.Try to label the five point structure on your chart(XABCD),makes analysis easier on the eye.
The chart below is what I am looking at on the daily xauusd chart,a bearish butterfly.It matches the target of the BAT pattern as described above based on where your own swing lines are located(my swing lines being different),that will be possible six harmonic numbers aligning which gives a strong bearish case.After running my fib elements,I am targetting the blue rectangle area as possible PRZ.
As they say nothing is guaranteed in forex,price may just blow past it or reverse before it gets there.That is why we have to combine harmonics with a sound PA analysis.See the NU I posted earlier,price action is struggling with 0.786 as I stated it would but PA is showing signs of breaking the level.

Have a nice weekend.

naijababe: Boss, can we chat pls on YIM pls?

Of course.What is your yahoo id?.If it will not be much of a trouble to you,I would need like 1hr to tidy up some offline issues,pls.

sam ogo: This house is quiet. Wat is happening hope NFP they do una well oh.

The fear of NFP is the beginning of forex wisdom .I am sure UJ must have done some damage.

JAkpayen: Works like magic!!!!!!!!!!

Bros,you best believe it.Check the chart below,nzdusd trade as is.Entered the trade yesterday.Taken profit,looking for re-entry at the break of 78.6 of swing CD and ride it to ex 127.If it doesn't break 78.6 then we watch how PA interacts with it.
Big pipping bro

JAkpayen: Are you on Skype? Please add me: calmguyj

Do you trade gold? What's your view on it?

I am not but added u on google chat since you have google mail but will set up a skype account asap.
Gold has been on a bullish run,I don't expect any major reversal soon,just minor pullbacks,again that is so obvious.Will do a thorough analysis later to find areas of possible major reversal,have to go jogging now.

JAkpayen: I'm still studying it, ayox2003 here recommended the book and it's quite interesting. Does it involve Fib usage extensively in harmonic trading?

Ayox2003 told me that.Seems a lot of peeps don't trade it here.Harmonics is all about fibonacci,nothing else.It is just about getting the various fibo elements(retracements,extensions and expansion) coming together to give a high probability of price reversal.I posted a butterfly pattern on EU,a few pages back and was hoping ayoox could comment but I guess he didn't see it and the setup played out though it didnt get to my TP because the bearish pattern was in a bullish trend.It is quite interesting and a killer when combined with the usual price action trading.

JAkpayen: Sent! Are you an harmonic trader?

.
Received.Thanks bro.Yes I am a harmonic trader and everything that has to do with fibonacci.Thanks again

FEMI OLA: This is another price action e-book for those who maybe interested

use this link...

http://www.4shared.com/rar/uE16qn-5/YTC_PriceActionTrader.html

Thank you sir,been looking for this lance beggs book for like forever.Thanks a million.Please if you happen to have Scott M.Carney's Harmonic Trading,Volume Two: Advanced Strategies for Profiting from the Natural Order of the Financial Markets,Please send to eddy2muchmoney at gmail.com.Thanks again for the YTC.

Hello fellow traders.Hope the market is treating you good.Please I am searching for a book by Scott M.Carney:Harmonic Trading,Volume Two: Advanced Strategies for Profiting from the Natural Order of the Financial Markets.
If anyone has this book,please please please forward to me a copy----eddy2muchmoney at gmail.com.I would really appreciate it.Thanks
Happy pipping.

ayox2003: Same here. Although I could be "fundamentally-technical" (blending my trades with trending news) based on whats been happening lately. Would be nice to exchange ideas.



Frawzey

Sure bro.I too pay a lot of attention to news/fundamental reports,anyone who doesn't and still do well must be exceptionally good.Spotted a bearish harmonic butterfly pattern on EU 4hr,would wait to see if PA would retest the high of the preceding candle and see its reaction to confirm if i will pull the trigger or not.See chart and give me your thoughts pls.TP1 and TP2 are 1.27 and 1.618 external retracements of XC respectively and coincides with key horizontal support levels.

Hello traders,a friend told me about this thread and I decided to follow it as a guest for a while,nice thread I must say.I have seen quite a number of insightful traders in here and lots of systems in play but all this bickering doesn't help anyone.Follow any alert at your own risk whether explained or not,it is not by force to follow alert or anybody's trading system.Like naijababe pointed out,trading is a lonely path,when you win,na your pocket,when you lose na also your pocket,it doesn't affect the next person's account.if anyone boasts of making 10,000 pips a day,that shouldn't be the next person's headache,just do your own thing.
I am almost a pure harmonic trader,fibonacci to the core,that is the only indicator I believe in,though I use MAs and trendlines to see trends clearly.Any harmonic trader in the house?.