Trade of the Month

CrazyTrader posted:

ManukSabung posted:
thanks crazytrader . im new trader . i don't really know about news . so i want to learn . in my country there no school or course for forex . i learn by myself n search from youtube n forum ...

A lot of cases and charts examples into my blog.

Thanks again . I hve been search n study your chart example n blog . Its very useful for me . Had learn alot from its . Thanks for a kind helping me .

So What's next on NZDUSD?


Also notice that 'Trading Against the Crowd' entered Long @ 0.7560 against 74% traders short.

ManukSabung posted:
Thanks again . I hve been search n study your chart example n blog . Its very useful for me . Had learn alot from its . Thanks for a kind helping me .

Thx... my pleasure.

Watch out monthly chart....
If market closes below 0.7600 area today... it will form a pin bar rejection on Daily and downside pressure will be back on board.

Back to GBPNZD:




Signal sent this morning be email:




You can subscribe free...
https://crazytraderfx.blogspot.com/2014/05/free-trial.html

still save to buy.. yiihaaa..

i mean safe :D

CrazyTrader posted:
Back to GBPNZD:



M has been drawn:
https://www.myfxbook.com/forex-charts/GBPNZD,D1/9906

CrazyTrader posted:
So What's next on NZDUSD?


Also notice that 'Trading Against the Crowd' entered Long @ 0.7560 against 74% traders short.

I´m long too TP .7800....

FERMONZOR posted:
I´m long too TP .7800....

I have some serious doubt about because of the Strong M pattern on GBPNZD... it would mean NZDUSD would go down.

Also NZDUSD is drawing a Doji evening star on daily... right into resistance level

Maybe a W in daily on USDJPY:

Hmm.. its on the top of the chart? 🙄
is it still valid?

cevsmile posted:
Hmm.. its on the top of the chart? 🙄
is it still valid?

???

M & W Pattern + Trading Against the Crowd in detail:

I guess your W and M patters are more like Gartley, Bat, Crab and other harmonic patterns, no?

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.

A little screen shot for you guys...

mynightfly posted:
I guess your W and M patters are more like Gartley, Bat, Crab and other harmonic patterns, no?

Here is the Harmonics bat pattern on EURUSD...
https://www.myfxbook.com/forex-charts/EURUSD,H4/33650,33650,11,18147

But this is a bullish signal... into strong bearish trend.... So would you prefer to trade fake harmonics (W & M) or real harmonics pattern? up to you.

CrazyTrader posted:
A little screen shot for you guys...

waw, i want it master hahahahaha

bay the way.. USDJPY im not sure it will form the W pattern becouse like your said on your blog, its on the top of chart if we zoom out D1, that way we can filter your pattern. BUt maybe this time you are right. if we zoom it in, it will perform W pattern.