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TerryHarmonicTrading
2017年10月2日早上1點22分

USDJPY - Bearish Shark at 114 看空

USD/JPYOANDA

描述

The USD is strong.

Will not be surprised to see USDJPY challenge 114 where it will complete a bearish shark pattern.

Close to 114, I hope some of these will happen for it to be a better quality short.

1. Ultra high vol selling taking place before it hits 114
2. Low vol reversal after touching 114 which closes with high spread at the lows

Will be watching out for this.

Tentatively, these will be my levels.

EP: 114
SL: 114.80
TP: 109.40

評論

This Shark pattern has finally completed at 114 after 3 weeks.

Will be looking for one final test of 114 before going short.

評論



A double top has formed on USDJPY.

However, the trend is still strong.

It will not just drop without any high impact news or a meaningful consolidation.

I will be patient and wait for at least this trendline to break and short upon any pullback.

This is combining the best essence of VSA and Harmonic patterns, to get in just before the big move.

交易進行



Entered short at 113.95

SL 114.40

評論

Anyone joined me on this ride?

評論

Shifted stop loss to entry point at 113.90.

If price wants to fall it should be now after the high impact news.

Else it should go back up and we will breakeven on this trade.

交易結束:達到停損點

Got stopped out at my protective stop loss level yesterday.

Again, while reflecting, this is a big counter trend trade.

If it wants to change direction, it should be backed up by high impact news or after a long period of consolidation.

評論



Re-entered on a H4 double top.

This 114 area proved difficult to overcome.

Easily a move to 109 if 114 holds.

SL 114.60.

交易結束:達到停損點

Got stopped out on Monday morning again on USDJPY. -60 pips.

We were so close to the weekly resistance, should have allowed a bigger buffer.

This is an error I kept committing the past 2 weeks.

Hope to learn from my mistakes and trade better going forward till the rest of Nov.
評論
yewtay
buy your idea to short at 114
marched
me, your tp??
lubk
me too :) thanks for the analysis great. just trying to learn the actual patterns in play with the volumes :)
TerryHarmonicTrading
@lubk, hi lubk. Just sharing some of the stuffs that work for me. Glad you found it useful. Thanks for the follow and the like!
lubk
@TerryHarmonicTrading, My pleasure, I like harmonics, just i need to learn more, is how i feel :) keep the good work is very helpful for people like me.
marcus1983
Me. I joined you on tis trade
TerryHarmonicTrading
@marcus1983, great. I am aiming for 112.55.
Kimsy1980
@TerryHarmonicTrading, Thanks a lot. Will it retest 114 before moving down ?
TerryHarmonicTrading
@Kimsy1980, it could be respecting this small shark and heading down.

marcus1983
@TerryHarmonicTrading, i follow your lead
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