The 61.8 is the most common correction level on trends. It should be found quite a lot in waves and harmonic patterns. I used that one according to ABCD downtrend. Which basically is a Bear > (0.618-0.786) Bull > Bear > (0.618-0.786) Bull...etc Also ...

USD/JPY Discussion

Bearish Gartley pattern complete. Target 1 = 1.54 Target 2 = 1.53 Target 3 = 1.52

Cable Update (GBPUSD)

Great shorting opportunity at 98.5 This one should go down as far as 94.8

USD/JPY Discussion

I never go long on a downtrend correction. Waiting for bulls to exhaust, then shorting till 0.87

AUD/USD

Then let this be a lesson to you, if you don't know in which direction to trade, then don't trade that pair in the first place, odds will never be in your favor. Wait for points of interest particularly the 96.6 before going long. And depending on ...

USD/JPY Discussion

Not before 96.6, and by the looks of it, it might even hit 94 as the month low.

USD/JPY Discussion

Got stopped out, put long entry positions on 96.6, nothing down there till it hits that. It's never easy losing what looked like an easy trade. Should have trusted the stoch indicator.

USD/JPY Discussion

Start = $5000, End = $1,000,000 At R:R = 3:1 10% equity/trade (60 TP - 20 SL), Risk = 2%, Reward = 6% 20% equity/trade (30 TP - 10 SL), Risk = 2%, Reward = 6% If 50% of trades are successful and distributed evenly, I need 270 trades. At 14 trades ...

EURUSD

Then where does HDA get his demand and supply zone quotes from? Simple market structure?

EURUSD

Can someone provide a source for big banks/brokers current trading positions and options ?

EURUSD

That's true, excuse me. I was referring to Fibonacci support levels, not classical ones.

USD/JPY Discussion

97.9 long to 99.1, should be there by the end of the week. If it breaks 97.8 then we have a strong bear.

USD/JPY Discussion

Don't wait too much or you might miss the train, adjust your position size to your stop loss and go long.

USD/JPY Discussion

Target reached, going long to 99.1, if that breaks then going to target 2 at 101.1

USD/JPY Discussion

2 scenarios here depending on the dollar, either EUR/USD hits 1.322 before going bullish on the gartley. Or USD/JPY hits 97.9 before going bullish on the butterfly. I have 2 open positions on both with tight SLs, one of them should be valid

EURUSD

I can see USD/JPY falling back to 97.9 one last time, before climbing back up to either 99.1, or breaking higher to 101. Currently shorting to target, then going long. Get ready when the bulls unleash.

USD/JPY Discussion

I meant go short on the spot rate, targeting 1.23, since that's a point of interest for two harmonic patterns in progress, coupled with the general downtrend.

AUDNZD

How exactly do you determine the supply and demand zones, any useful links to these quotes ?

EURUSD

Sell now to 1.23, resistance trend line reached

AUDNZD

EUR/JPY looks busy as the general uptrend seems to be confirmed by 3 bullish patterns in the making, retracements at 38.2, 50, and 61.8. The last leg of these bullish patterns would also match a short term bearish butterfly should it hit 132.36. In ...

Making Bank: The Harmonic rhythm of the market