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  • #39,661
  • Aug 23, 2024 3:11am Aug 23, 2024 3:11am
Harmonics is the very nature of price movement from the 1 min to monthly, 3 months, yearly charts
I have tried to demonstrate that here, countless times.
Harmonics reflect the actual behaviour of the collective market, greed and fear.
Banks also lose lots of money for trading in the wrong direction as we have seen many times.
I know a European large bank trader who uses harmonics to analyse and trade the market.
We watch the charts from every angle so you don't have to!!
Harmonics Return Today: 2.2%
  • #39,662
  • Aug 23, 2024 3:11am Aug 23, 2024 3:11am
One possible scenario.
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  • #39,663
  • Aug 23, 2024 3:16am Aug 23, 2024 3:16am
looking for shorts around 2497-2500 but this market movement is utterly disgusting...even London open didnt add any buying pressure to push it faster
hopefully price reaches the zone and runs to 2465 before Big J decides to blow accounts
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  • #39,664
  • Aug 23, 2024 3:19am Aug 23, 2024 3:19am
Quoting addicttrader
looking for shorts around 2497-2500 but this market movement is utterly disgusting...even London open didnt add any buying pressure to push it faster hopefully price reaches the zone and runs to 2465 before Big J decides to blow accounts {image}
Lately we only get some action a few hours after NYO. Since Powell's speech will begin two hours after NYO I expect the same to happen again today.
  • #39,665
  • Aug 23, 2024 3:22am Aug 23, 2024 3:22am
Quoting Silver-King
{quote} Lately we only get some action a few hours after NYO. Since Powell's speech will begin two hours after NYO I expect the same to happen again today.
or 2565
We watch the charts from every angle so you don't have to!!
Harmonics Return Today: 2.2%
  • #39,666
  • Aug 23, 2024 3:23am Aug 23, 2024 3:23am
Quoting pedro319
{quote} or 2565
Sounds reasonable. The Short may begin in September, but as of now it doesn't seem very likely.

Price of the Silver is ready for 30.7$ - 30.8$ if that is to take place.
Weekly close above 29$ would mean a farewell to the low at 26.5$.
  • #39,667
  • Aug 23, 2024 3:23am Aug 23, 2024 3:23am
From what Ive read between Blyfx and Hanz, I think it's best to say that the strategy doesn't really matter by the end of the day...what matters is the trader and their psychology...their experience in the markets and their values.
Ever since i began looking at people's forecasts here i realized people trade all kind of strategies from chart patterns, support and resistance, supply and demand, Fibonacci to order flows and harmonics.
So long as it works for you, you're okay...no strategy is better than the other...a strategy only suits you and your psychology...
  • #39,668
  • Aug 23, 2024 3:27am Aug 23, 2024 3:27am
Strategy is your mental toughness many times, you stick to your rulez or break them
People don't plan to lose. They lose because they don't plan.
  • #39,669
  • Aug 23, 2024 3:37am Aug 23, 2024 3:37am
Harmonics never lets me down, I got at least the last 8 moves...daily chart, up and down.
Easy to know when you are wrong and HUGE reward to risk
We watch the charts from every angle so you don't have to!!
Harmonics Return Today: 2.2%
  • #39,670
  • Aug 23, 2024 3:37am Aug 23, 2024 3:37am
Quoting ScalaFX
{quote} close all for now, today can be very volatile day, I will buy at SSL or wait for buy if price crack 2505
It is always difficult to give or take a cut first. But with the USD recovery and gold still increasing, the price structure in my opinion =>> Gold reached 2556 before the news and then may fall sharply to 2455 when USD forms a more sustainable recovery from support. It may sound absurd when the Daily chart has sustainable support
  • #39,671
  • Aug 23, 2024 3:38am Aug 23, 2024 3:38am
Quoting Techknow
{quote} Whoa everybody. Whoa. Please stop for a second with this. Let me clear some things up for you guys. Bflyfx, I think you are doing just fine. Yes, there will be questions on your demo account. There is no reason for you to be upset; this will be natural. Trading demos and live are completely different. That does not mean you are not a good trader at all. Ive seen lots of people translate their demo into amazing live trading. Dont listen to other peoples opinions if they are negative. I think you are doing great regardless and you should keep...

Thanks bro.
I don't need to respect anybody or their opinions, but I am never offensive to anybody here. I usually mind my own business, never claimed to be a perfect trader. I have seen plenty of people claiming that and blowing one account after another.
While most people talk about models and algorithms, without knowing much about them, I have actually developed them for some of the largest businesses in the world. I won't go into details about myself, I am mainly here because I like to stay anonymous.
ma ma make me happy
  • #39,672
  • Aug 23, 2024 3:42am Aug 23, 2024 3:42am
risking short now 2498 with tight stop 2505 reason m30 nice OB
People don't plan to lose. They lose because they don't plan.
  • #39,673
  • Aug 23, 2024 3:42am Aug 23, 2024 3:42am
I start to realize big bull is on the way
  • #39,674
  • Aug 23, 2024 3:43am Aug 23, 2024 3:43am
Quoting pedro319
Harmonics is the very nature of price movement from the 1 min to monthly, 3 months, yearly charts I have tried to demonstrate that here, countless times. Harmonics reflect the actual behaviour of the collective market, greed and fear. Banks also lose lots of money for trading in the wrong direction as we have seen many times. I know a European large bank trader who uses harmonics to analyse and trade the market.
Yes, and it make it very clear I do not know how a large bank trader in the Euro sector would trade, I do know the states though because I was that guy.

Also, to be clear, I said they are very aware of harmonics, meaning for analysis, etc. An individual trader may or may not use that at his disposal.
I know when things switched to the algorithm in the States, it was completely dominant. As HFT algorithm trading took over, everything else was looked at way less. I never saw any institutional use of harmonics again after that point.

This does NOT mean individual traders at an institution would never use it for anything; that would be ignorant to say. They have been one of the most reliable forms of trading for a long time.

Please dont misunderstand what Im saying, im just speaking from direct experience.
TechKnow
  • #39,675
  • Aug 23, 2024 3:44am Aug 23, 2024 3:44am
Quoting Whale
I start to realize big bull is on the way
Tough to disagree with that!
TechKnow
  • #39,676
  • Aug 23, 2024 3:46am Aug 23, 2024 3:46am
Quoting Techknow
Got some real simple PA here guys and gals, important spot here, if we bounce and get back above this trendline, off to new highs, that is my bias now, ill target 2540 to be safe IF it closes above the trend line. If it closes below the trendline I will look for a retest and short to 2380. Will update as it moves along. {image}
Creepin along after closing above the TL, I don't see us not hitting new highs from these actions. Ill keep this bias as long as we are above this major TL
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TechKnow
  • #39,677
  • Aug 23, 2024 3:47am Aug 23, 2024 3:47am
Quoting Techknow
{quote} Yes, and it make it very clear I do not know how a large bank trader in the Euro sector would trade, I do know the states though because I was that guy. Also, to be clear, I said they are very aware of harmonics, meaning for analysis, etc. An individual trader may or may not use that at his disposal. I know when things switched to the algorithm in the States, it was completely dominant. As HFT algorithm trading took over, everything else was looked at way less. I never saw any institutional use of harmonics again after that point. This does...
I agree with you 100%.
I also have experience, where I use to work no one has ever mentioned the word "harmonics"
We watch the charts from every angle so you don't have to!!
Harmonics Return Today: 2.2%
  • #39,678
  • Aug 23, 2024 3:47am Aug 23, 2024 3:47am
Quoting Techknow
{quote} Tough to disagree with that!

i sold 2495

any London session my short are get hit
  • #39,679
  • Aug 23, 2024 3:48am Aug 23, 2024 3:48am
Quoting pedro319
{quote} I agree with you 100%. I also have experience, where I use to work no one has ever mentioned the word "harmonics"
Off to new highs for us anyway
TechKnow
  • #39,680
  • Aug 23, 2024 3:49am Aug 23, 2024 3:49am
Quoting Whale
{quote} i sold 2495 any London session my short are get hit
Im gonna hold my longs above this TL, i wanted to see 73-74 last night but it stayed above it, Stops in profit so just on watch duty for now.
TechKnow
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