Ichimoku & Harmonic Patterns

AUDJPY Bullish Butterfly

2011-09-16T19:13:00.000+08:00

A Bullish Butterfly have formed, currently price above kumo cloud. Trade buy with stoploss 79.00 and target 79.88 and 80.44.

EURJPY Bearish Gartley

2011-09-16T15:15:00.000+08:00

EURJPY 1 hr chart, bearish gartley pattern. If trade this pattern, stoploss 106.60, target 105.00, 61.8% of AD.

Bat Bearish

2011-09-15T23:10:00.000+08:00

GBPUSD bat bearish 30min chart.

News Release Additional US dollar liquidity-providing operations over year-end

2011-09-15T22:05:00.000+08:00

15 September 2011

Copy from Bank of England website:

In coordination with the European Central Bank, the Swiss National Bank, the Bank of Japan, and the Federal Reserve, the Bank of England is today announcing that it will conduct three US dollar tenders, each at a term of approximately three months covering the end of the year. These tenders will be in addition to the ongoing weekly 7-day tenders of dollar funding announced on 10 May 2010.
As before, these operations will be at fixed interest rates with counterparties able to borrow any amount against eligible collateral. The first tender will be held on Wednesday 12 October. Further details can be found in the Market Notice at http://www.bankofengland.co.uk/markets/marketnotice110915.pdf.
US dollar repo operations are subject to the terms of the Sterling Monetary Framework Documentation as supplemented and amended by the Supplementary Terms, which can be found on the Bank of England website at http://www.bankofengland.co.uk/markets/other/dollarrepo/index.htm. The US dollar term repo operations use the Narrow and Wider OMO Collateral pools, details of which can be found at http://www.bankofengland.co.uk/markets/other/dollarrepo/eligiblecollateral.htm.
Information on related actions being taken by other central banks
Information on the actions to be taken by other central banks is available on the following websites:
European Central Bank (http://www.ecb.int)
Swiss National Bank (http://www.snb.ch)
Bank of Japan (http://www.boj.or.jp/en)

Daily Data indicator

2011-09-08T23:20:00.000+08:00

Will someone ask me about the indicator on the right side of chart which have a daily candle range. You can download it here if you feel it will help Daily Data.

EURJPY 5-0 Bearish

2011-09-08T22:36:00.000+08:00

Pattern 5-0 was formed yesterday on EURJPY H1 chart.

AUDUSD Gartley Bearish

2011-09-04T01:00:00.000+08:00

For AUDUSD gartley bearish pattern for H4 and daily chart.

NZDUSD Gartley Bearish

2011-09-04T00:56:00.000+08:00

For NZDUSD we have both time frame of Gartley Bearish pattern, H4 and daily chart.

EURJPY Bat Bullish

2011-09-04T00:53:00.000+08:00

We have a EURJPY daily bat bullish still going on. Current price could fall to initial point D about 108.00.

On the other hand lower timeframe for instance 15min chart we have bullish AB=CD patterns.

EURUSD Bullish Butterfly

2011-09-01T20:29:00.000+08:00

EURUSD H1 chart, bullish butterfly. Reverse?

EURJPY Gartley Bearish

2011-08-30T18:28:00.000+08:00

A Gartley Bearish on EURJPY H4 chart.

EURUSD Harmonic Trade

2011-08-26T20:09:00.000+08:00

Yesterday opened trade long for EURUSD, based off 1 hr chart of bullish gartley pattern. Target were set at 50% of AD and 61.8% of AD. Both targets are hit.

54 Search Patterns Indicator

2011-08-22T21:31:00.000+08:00

I've modified the 54 search patterns indicator, to excluding the fibo target line. I find it too messy when more patterns show up. If anyone interested it can be download at "Harmonic Tools" page. Happy trading!

EURUSD Ichimoku Analysis

2011-08-14T16:21:00.001+08:00

Last week price action from EURUSD were whipsaw. From daily chart we could see price struggling up and down without clear direction. It still below kumo cloud a bearish mode. The future cloud and tenkan (red line) Kijun (blue line) are flat, a sign of equilibrium. Tenkan and kijun sen begin to close to each other and it could trigger a change of market direction in coming week.

From H4 chart kumo cloud is flat, tenkan/kijun sen are flat. Price still below kumo cloud. Chikou span is trying to break through previous candle. There are few resistance line from the kumo cloud if this pair are going into up beat momentum for the coming week.

From H1 chart, it looks most probability price will be breakout from the kumo cloud, price very near the upper part of kumo cloud,and we have chikou span have showed a little bit bullish signal.

AUDUSD Daily

2011-08-09T14:58:00.001+08:00

A bullish retracement of ABC pattern on AUDUSD daily chart, 1.618.

EURAUD Daily

2011-08-03T23:37:00.002+08:00

A bullish butterfly of EURAUD daily chart.

AUDCHF Weekly

2011-08-03T22:58:00.000+08:00

Weekly chart of AUDCHF, a bullish Gartley pattern.
XD = 0.618
D = ext of 1.618 BC.
C= 78.6 of AB.
B = 0.40 of XA.
Stop = 0.80419

USDCAD Bullish ABC ret

2011-08-01T23:25:00.000+08:00

A Bullish ABC retracement of 0.786 on USDCAD 15 min chart.

ABC Bearish Retracement

2011-08-01T23:15:00.000+08:00

Spotted ABC Retracement on EURUSD 30 min chart, 0.786.

Another on AUDUSD 30 min chart, retracement of 0.886.

EURJPY Bullish gartley

2011-07-27T00:45:00.000+08:00

HWAFM tool shows EURJPY H1 chart a bullish gartley, on lower timeframe 5min chart, bullish butterfly, 2min chart bullish ret with .382 ratio.

USDCHF Butterfly

2011-07-27T00:27:00.000+08:00

A Bullish butterfly in developing for USDCHF weekly and monthly chart.

USDCAD 3-Drives

2011-07-22T16:15:00.000+08:00

A possible trend reversal for USDCAD H4 chart. A bullish 3-Drives patterns has formed, on H1, H2, H4 chart, as we can see from HWAFM dashboard. The 3-Drives ratio are in good ratio.

EURUSD Gartley

2011-07-22T15:53:00.000+08:00

A Gartley pattern on EURUSD H2 chart, B point retracement XA of 0.618, C point retracement of AB of 0.618, D point, retracement of XA 0.786 and expansion of BC of 1.618. An ideal gartley pattern. Open trade for sell.

GBPUSD Butterfly

2011-07-21T22:16:00.000+08:00

HWAFM detected bullish butterfly on GBPUSD 5min chart, the pattern in line with 12H chart which butterfly pattern was formed few days ago. Not an ideal butterfly pattern but market did reverse at the D point.

EURJPY Intraday

2011-07-18T21:33:00.001+08:00

Now open trade for eurjpy based of HWAFM signal on M30 chart. Seen here we have 2 patterns on same chart, wolfewave buy signal and butterfly buy signal. So i test it with combination of both signal enter trade on MT4 account.

*Update : stoploss get hit for 43pips.

USDPLN Weekly

2011-07-16T02:06:00.000+08:00

2 patterns have coming up, wolfe wave and gartley for USDPLN on the same timeframe.

GBPUSD H12

2011-07-16T01:34:00.000+08:00

Currently price in a range between 50% and 38.2% fibo level, fibo projected from A to D.

Possible to breakout next week.

EURUSD H4

2011-07-16T01:29:00.000+08:00

HWAFM H4 gave a bearish ABC pattern, retracement fibo .618%. But the price move in some range.

2011-07-10T00:59:00.000+08:00

Some pattern here and there on major pairs.

HWAFM (the harmonic wave analysis of the financial markets)

2011-07-07T00:19:00.000+08:00

Have been installed the HWAFM tools on MT5, metatrader 5. This tools can display harmonic patterns on the main chart, as well as having a dashboard on separate chart window displaying multi time frame patterns.

The developer, AlexSTAL doesn't give much support on this tool as he said he can't speak English so he wouldn't discuss his tool in any international forums. It is too bad.

His website is here http://www.alexstal.ru/hwafm

GBPUSD daily 23rd June

2011-06-23T21:46:00.000+08:00

Here is the update chart of GBPUSD daily chart. As i mentioned before ichimoku shows bearish sentiment on this pair. Price dropped since yesterday, about more than 200pips as of today.

GBPUSD daily

2011-06-20T21:00:00.000+08:00

Price hovering below kumo cloud, show bearish sentiment for mid term at the moment. Kijun /Tenkan cross below cloud shows a strong bearish signal. Future cloud also indicates bearish sentiment. GBPUSD are now waiting more selling momentum. A move below 1.60755 will unfold downside bearish.

EURUSD daily

2011-06-20T20:56:00.000+08:00

From last week price action shows eurusd turn to bearish and broke out from kumo cloud. But the 26 days chikou span shows no down side momentum yet at this moment. Technically senkou Span B provided crucial support or resistance for current situation. A move above 1.4454 will open more bullish sentiment, alternatively price move below 1.39783 will open more bearish downside. This week will see how the market decide the move.

EURUSD 5min

2011-06-07T21:52:00.002+08:00

Crab Bearish on EURUSD 5min intraday chart.

Overall Currency Dashboard

2011-06-07T21:43:00.000+08:00

Not the latest and still need improvement, but will look for a better one.

AUDUSD 30min

2011-06-01T04:50:00.002+08:00

Bearish crab AUDUSD 30min chart, the only success pattern.

EURUSD H1

2011-05-26T22:08:00.000+08:00

Bearish Gartley H1.

AUDUSD 30min

2011-05-26T00:55:00.002+08:00

Bearish Gartley AUDUSD 30min chart.

GBPUSD 30min

2011-05-26T00:46:00.000+08:00

Bearish bat GBPUSD 30min chart.

EURJPY 5min

2011-05-25T15:49:00.002+08:00

Bullish Butterfly, EURJPY 5min chart. Exit 61.8% fibo.

EURUSD daily - ichimoku perspective

2011-05-24T00:05:00.000+08:00

On EU daily chart, ichimoku shows bearish sentiment whereby as we can see chikou span now on bearish momentum, currently senkou span B provide some temporarily support. Once the support broken, i am suspecting more downwards momentum pressure for eurusd.

EURAUD H1

2011-05-22T16:03:00.002+08:00

Watching this pair on H1 chart, bullish butterfly.

EURJPY daily

2011-05-22T15:56:00.000+08:00

Emerging Buliish Bat. Currently 38.2 is the resistance. If this pairs continue to move down it is possible. Otherwise invalid.

USDCHF 30min

2011-05-19T23:44:00.000+08:00

A nice AB=CD bullish pattern on USDCHF, 30min chart. AC leg 0.618, BD 1.272.

EURJPY H4

2011-05-17T15:53:00.002+08:00

EURJPY Gartley Bullish, long since yesterday.

GBPJPY H4

2011-05-17T15:52:00.002+08:00

GBPJPY Gartley Bullish. Miss the trade.

EURGBP daily

2011-05-14T22:00:00.000+08:00

An emerging bullish 5-0 pattern on EURGBP.

USDCHF 30miin

2011-05-14T04:44:00.002+08:00

USDCHF 30min bullish bat.

EURUSD 30min

2011-05-14T04:35:00.000+08:00

Today trade short EURUSD bearish gartley 30min chart.

GBPUSD M30

2011-05-12T00:43:00.000+08:00

GBPUSD Bearish butterfly.

USDPLN daily

2011-05-06T00:33:00.000+08:00

USDPLN has a bullish butterfly on daily chart, i'm not trading this pair but i'm sure my Poland friend sure like it.

Dollar Index Update

2011-05-05T21:30:00.001+08:00

I've posted a weekly chart of dollar index, forecasting a possible bullish ABCD pattern on 9th of April. The current chart shows Dollar index Bounce off at D point. 2 chart attached.

Trade Setup

2011-05-04T02:35:00.000+08:00

After observing several trade setup using harmonic indicator and SHI channel indicator, i decided to use it together. The price reaction at the point D & SHI channel border as trade confirmation. The SHI Channel may recalculate itself, so will have to wait price movement to move to our desire direction.

EURUSD min5

2011-05-03T22:41:00.001+08:00

Short EURUSD, bearish bat, 5min chart. Stoploss 1.48380, target 1.47897.

Update : Stoploss hit.

Start Of May

2011-05-03T06:59:00.000+08:00

With many banks on Holidays, the market activity never die.

Forex Article

2011-04-30T17:12:00.000+08:00

Why wait? – Analyzing the Power of Patience

Have you ever found yourself making statements like,

“I’ve got to make some money today.”
“I’ve got to get in this trade.”
“I’ve got to make a move.”
“I need to find some action.”

Is any of this sounding familiar?

For a lot of traders the urge to ‘get in the game’ can be overwhelming. An even more powerful urge can be watching a trade you are in go sideways and wanting to DO something about it. For minutes, hours even days you must sit and wait for the market to either move in your favor, or worse, against you. During such times a traders internal dialoged can be going crazy as he or she struggles with what to do.

You see, we must DO something right? If we’re just sitting at our computer and nothing is happening we must be doing something wrong….right? If there is no action in our trade that means we’re missing the action somewhere else doesn’t it?

Many, many traders get involved in FOREX with dreams of quitting their job, working from home and possibly making more money than they ever thought possible. We can encapsulate all of these ambitions into one simple desire, freedom. Freedom from a job that require us to keep regular hours. Freedom from a boss who tells us what to do and how to do it. Freedom from the fear of losing that job and having nothing. And most of all, freedom from financial stress.

The idea of ‘calling your own shots’ and ‘making your own rules’ is enticing to most traders. We are free thinkers, tend to be fairly risk tolerant, and tend to view money as a tool rather than a commodity. That’s why it might be strange to learn that these same traits can be extremely detrimental to your account balance.

You see, trading (when done correctly) can be quite boring. Sure working in the pits on an exchange or on a high risk trading floor can be exhilarating, but there is nothing exciting about watching your trade move sideways for minutes, hours or days. It takes a great deal of discipline to trade your system day in and day out. Trading requires you to be unemotional. Nothing kills an account quicker than an ego.

But these traits fly in direct opposition to our stated goal….freedom. When we fix ourselves to a set of rules and conditions we MUST follow, we are no longer free. Discretion (read ego) must be set aside. How many of you have purchased a trading system or EA only to second guess it at every turn? The desire to add your own bit of ‘human element’ (read ego) undoubtedly led to loss after loss. Maybe the system was junk to begin with, but how could you really know?

Another heavy contributor to our desire to trade comes from this concept of “time for dollars”. For many of you, trading is not your first carrier. It certainly wasn’t mine. Some of you have spent 10, 15 even 20 years in a carrier before moving into trading. For a large chunk of your adult life you equated ‘hours worked’ to ‘dollars paid’. The overwhelming desire to trade often comes from that unreasonable expectation that we must DO something in order to EARN our paycheck. We MUST trade. Because if we simply sit in our chair and watch the market without trading we have not EARED any money.

Traders, we are not in the ‘got to make money’ business. Our compensation is not determined by how many trades we take, or how long we spend in front of the computer screen. We are PAID (if you must use that term) for our discipline and sound decision making. This means that some weeks we’ll make nothing. On occasion we will lose money. But over time we are profitable because we have a plan we know works and we have the discipline to follow it.

People who have run businesses have an easier time understanding this than those that have not. You see, when you run a business there are days, weeks, even months when you won’t make one penny. You may spend 18 hours a day trying to build that business into something great only to see those efforts lost in the result. If we stop thinking in terms of Hours Worked = Dollars Paid we can shift our focus and our expectations from one of, “I have to trade.” To something more profitable like, “I have got to stay disciplined.”

Ask yourself a simple question today. Do I have an urge to trade because of some unreasonable expectation I have been putting on myself? If the answer is yes there are some simple things you can do to refocus your goals and change your beliefs. You have already begun to ask yourself more empowering questions, so you are one step closer to discovering more empowering answers.

EURUSD 30min

2011-04-29T21:01:00.000+08:00

Bearish Butterfly 30min chart, short, target 61.8% fibo level.

EURUSD 30min

2011-04-28T21:44:00.002+08:00

A bullish bat on eurusd 30min chart, start long.

EURUSD Daily

2011-04-27T14:53:00.002+08:00

Will EURUSD heading into 1.5000 area?

EURGBP H1

2011-04-26T00:14:00.000+08:00

We have a past historical bullish crab on this pair. Now indecision period, a symmetrical Triangles emerge.

USDCHF Weekly

2011-04-26T00:03:00.000+08:00

A bullish butterfly has formed on USDCHF, weekly chart. But not a really good harmonic ratio, the D point has been dragged very far. Nevertheless time will tell if the price will bounce off the D point. The pair running all time low.

EURJPY 30min

2011-04-25T20:04:00.000+08:00

A bullish Gartley pattern has formed on EURJPY 30min chart. Price moved down a little bit, then moving in consolidation (Equilibrium). It could break through up or down. Will see price action during US Home Sales news announcement later on.

GBPJPY Bullish Gartley

2011-04-21T14:01:00.001+08:00

Currently this pair rebound from the PRZ zone.

GBPUSD Bullish Gartley

2011-04-21T13:58:00.001+08:00

H4 chart of GBPUSD, a completed bullish gartley.
Price moved up above point A & C.

GBPJPY Bearish Crab

2011-04-15T20:43:00.002+08:00

Today trade on GBPJPY, bearish crab 15min chart. Short @136.312 and exit at 135.941.

GBPCAD H4 Chart

2011-04-15T03:40:00.002+08:00

A Completed Gartley Bearish on GBPCAD H4 Chart.

FxPro to sponsor the Asian Football Confederation (AFC) Champions League

2011-04-13T19:34:00.000+08:00

FxPro to sponsor the Asian Football Confederation (AFC) Champions League

Crab bearish EURGBP

2011-04-12T23:50:00.002+08:00

Crab bearish on EURGBP H1, time for PRZ?

USDJPY 30min chart

2011-04-12T15:19:00.002+08:00

Crab Bullish on USDJPY 30min chart.

Crude Oil H4

2011-04-12T05:20:00.002+08:00

Bearish Butterfly Crude Oil H4 chart.

EURUSD Weekly

2011-04-10T13:27:00.002+08:00

Being careful examined the eurusd weekly chart, a bearish gartley has formed. But eurusd strong bullish move surpass the D point, it could move further heading to another D point, which could trigger bearish crab pattern. Further move could also enter the supply zone, which was marked during end of 2009. The highest move was 1.51430. As always, let "The Market" decide.

Dollar Index

2011-04-09T16:03:00.002+08:00

The Weekly chart as clearly see here showing possible bullish AB=CD pattern formation. It also fall back to demand zone, which should be around 71 - 73 PRZ.

GBPUSD Bearish Butterfly

2011-04-08T14:46:00.003+08:00

Short GBPUSD, 30min chart. Bearish butterfly.

Updated : Stoploss hit, -23pips.

harmonic Patterns intraday

2011-04-07T00:03:00.003+08:00

Spotted 2 Harmonic Patterns on GBPUSD & GBPCHF. GBPUSD H4 chart bearish bat, GBPCHF H4 chart bearish gartley.

2011-04-06T00:03:00.004+08:00

Closed GBPUSD short for loss -70 pips. Now open trade for EURJPY, still in bullish move as can see on weekly chart. Tenkan & kijun cross, though a weak cross, below kumo cloud. Entry based off 30 in chart. 121.950 of senkou span B might be a resistance. Will try to carry trade this pair.

Update : closed with profit +190 pips.

GBPUSD Bearish Cartley H4 Chart

2011-04-05T21:17:00.002+08:00

Short GBPUSD, bearish Gartley H4 chart.

2011-04-04T21:54:00.001+08:00

Buy USDCAD bullish butterfly H4 chart.

Pattern Recognition indicator

2011-04-03T17:11:00.004+08:00

For those of you interested in harmonic trading, i am posted here the link contain indicators that i use for harmonic trading.

First i am using ZUP v83, you can use any version, basically they are all good only different of some other functions not related with harmonic pattern searching. It was programmed by Nen, a Russian Trader.

ZUP_v83.mq4

The other one is zup alert indicator to be used together with zup.

WRR_ZUP_INFO_v02.mq4

Sometimes i may used 54 search patterns or korharmonics indicator.

54_Search_patterns.mq4

The korharmonics indicator can be download from tradingarsenal website.

GBPUSD 30min chart update

2011-04-01T23:30:00.002+08:00

Price did follow harmonic pattern PRZ zone.

S&P 500 H4 chart

2011-04-01T23:06:00.001+08:00

A completed harmonic pattern, bullish butterfly on S&P 500 H4 chart.

Dollar Index Futures

2011-04-01T22:59:00.001+08:00

Here is what happen now on dollar index futures H4 chart.

2011-04-01T22:56:00.001+08:00

Dow JOnes Index H4 chart, bullish butterfly.

2011-04-01T22:36:00.000+08:00

GBPUSD bullish Gartley M30 chart.

2011-04-01T22:35:00.000+08:00

Bullish Gartley H1 chart, EURGBP.

2011-03-31T20:42:00.000+08:00

EURJPY open short order, crab bearish 5min chart. Take profit 50% fibo level.

2011-03-28T22:22:00.000+08:00

I've miss this move 5min chart bullish butterfly. Low risk entry.

2011-03-26T00:50:00.000+08:00

Bearish Gartley H4 chart, eurusd.

2011-03-25T22:14:00.001+08:00

Testing out XTrader platform, an ECN platform.

2011-03-25T20:44:00.001+08:00

AUDUSD Running very high, today it have touched previous high 1.02550 ( 31.12.2010).

2011-03-25T20:31:00.000+08:00

USDCHF bullish butterfly enter long.

2011-03-21T20:54:00.001+08:00

EURGBP daily chart, still running down.

2011-03-21T20:46:00.001+08:00

Gartley bearish on EURCAD H4 chart, sell.

2011-03-21T15:20:00.000+08:00

Bearish Gartley on EURGBP daily chart. Sell @ 0.87333, stoploss 0.87680 target 0.86075.

2011-03-19T17:46:00.000+08:00

Nikkei 225 weekly chart, bullish gartley.

2011-03-19T17:23:00.001+08:00

GBPUSD bearish butterfly on H1 chart.

2011-03-19T17:13:00.002+08:00

EURCAD H4, pattern bearish gartley formed but let see if it retrace between 78.6 and 88.6 level.

2011-03-19T17:10:00.001+08:00

High possibility a bearish gartley for EURGBP daily chart. If the 78.6 level becomes resistance.

2011-03-18T22:56:00.000+08:00

Bearish Butterfly on EURUSD H1 chart.

2011-03-17T21:05:00.002+08:00

GBPCHF bearish gartley 30 min chart.

USDCAD daily

2011-03-09T00:07:00.002+08:00

A potential reversal for USDCAD daily chart, bullish butterfly. Will wait better price entry.