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Trade of the Month

Lalu Sefty Junaedi (cevsmile)
Apr 13 2015 at 07:51
posts 30
aha!.. Thanks for that.. my mistake
Discipline with your trading plan!
ManukSabung
Apr 13 2015 at 07:55
posts 110
CrazyTrader posted:
mynightfly posted:
I guess your W and M patters are more like Gartley, Bat, Crab and other harmonic patterns, no?

Well, any harmonics makes proper double top or double bottom. I'm looking at a double bottom (M) or double top (W) with a specific pattern that look like a letter. It is true that it looks like a lot of harmonics pattern... however, I don't have to check fib retracement for any level.... So if you are lazy like me, it's good. My 'M' & 'W' can be awful patterns sometimes, while harmonics always look the same as it must respect fib levels.

Also with Harmonics, I'm not aware of Center Point that plays an important part for the validation of the Harmonics.

Also, StopLoss strategy is the same, It is very tight and just above/below entry.

Regarding to Takeprofit, they don't have hypothetical level to look at.... only partial closing TP 1 to TP 3.
I have forgotten to mention it for the last W... TP = 1.0380. (See blog to calculate it)

So:
Entry 1.1000
SL: 1.1050
TP: 1.0380

=> very nice Risk/Reward.

Ps: I haven't even seen that W... it's @ cevsmile that detected it first.

So yeah, I'm looking at double bottom or top with uggly harmonics shape... A real harmonics technical trader wouldn't entered this trade.... Shame.

I also follow your trading .
CrazyTraderfx (CrazyTrader)
Apr 13 2015 at 07:58
posts 1718
ManukSabung posted:
I also follow your trading .

Thx, I will keep posting for you guys : )
ManukSabung
Apr 13 2015 at 09:08
posts 110
urwelcme ... i like the trade with sl n tp ... so we in save mode if its goes profit o loss ... i also learn from your trade ...
Lalu Sefty Junaedi (cevsmile)
Apr 13 2015 at 11:32
posts 30
Master CT, do you agree with this?




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Discipline with your trading plan!
CrazyTraderfx (CrazyTrader)
Apr 13 2015 at 12:11
posts 1718
cevsmile posted:
Master CT, do you agree with this?

Yes it's a potential 'M' like eurusd on Daily.

But EUR is bearish, so it's better for now to ignore these patterns and look for bearish signal, like the 'W' you saw last week on EURUSD H4.
CrazyTraderfx (CrazyTrader)
Apr 13 2015 at 12:18
posts 1718
GBPNZD is still a good one to trade both signals... as market is ranging:



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CrazyTraderfx (CrazyTrader)
Apr 14 2015 at 06:54
posts 1718
Fakey 'M' on daily EURJPY.... better to play short



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Lalu Sefty Junaedi (cevsmile)
Apr 14 2015 at 06:57
posts 30
well, my broker doesnt have that pairs
I think this could be 50 50 chance



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Discipline with your trading plan!
CrazyTraderfx (CrazyTrader)
Apr 14 2015 at 07:13
posts 1718
cevsmile posted:
well, my broker doesnt have that pairs
What a terrible broker... o_O ?

NZDUSD Daily:



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Lalu Sefty Junaedi (cevsmile)
Apr 14 2015 at 08:56
posts 30
Hahahah,, well actually its limited pairs only for ECN trader.
Thanks for confirming my pattern.. yippiyay.
Discipline with your trading plan!
CrazyTraderfx (CrazyTrader)
Apr 14 2015 at 09:05
posts 1718
cevsmile posted:
Hahahah,, well actually its limited pairs only for ECN trader.
Thanks for confirming my pattern.. yippiyay.

Your was on H4... mine in D1
Lalu Sefty Junaedi (cevsmile)
Apr 14 2015 at 12:19
posts 30
Than, it will be more accurate.
Discipline with your trading plan!
CrazyTraderfx (CrazyTrader)
Apr 14 2015 at 13:15
posts 1718
cevsmile posted:
Than, it will be more accurate.

Actually your 'M' H4 looking good.... I'm in from 0.7500
CrazyTraderfx (CrazyTrader)
Apr 14 2015 at 13:29
posts 1718
EURUSD D1... must wait to check out Center Point and see the rejection or continuation:




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CrazyTraderfx (CrazyTrader)
Apr 15 2015 at 07:31
posts 1718
Here we go... market rejected from Center Point:



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CrazyTraderfx (CrazyTrader)
Apr 16 2015 at 18:03
posts 1718
CrazyTraderfx (CrazyTrader)
Apr 17 2015 at 12:34
posts 1718
CrazyTrader posted:


Finally....
alexforex007
Apr 20 2015 at 01:58
posts 775
Very good patterns detected, they could be combined with some Fibo retracements and maybe get some Gartley patterns out of them.
Lalu Sefty Junaedi (cevsmile)
Apr 20 2015 at 08:55
posts 30
@alexforex007 i did that, its awsome and accurate.
This pattern for me actually not the entry point but prepare for the next move.
Fibonacci will lead me to open and closing position.
I'am developing this as my base analyze system.
At least now im not blind trader anymore.
Discipline with your trading plan!
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