Mad Cows Trading Journal: EURUSD

[StupidCow]

Sorry, I keep mistyping the order the the Stop and the Limit. Stop comes before Limit. (see page one)

EURUSD
Long
4363
4347
4377 (Manual - adjusted lower)

 

[StupidCow]

Leading edge harmonic now extending its D to 127% of its XA.

 

[StupidCow]

This changes the the larger Bearish harmonic point C to 4355, which is the smaller Bullish harmonic point D. So, there is now convergence of two bullish harmonic legs, but one belongs to a larger Bearish pattern, while the other belongs to a smaller Bullish pattern.

Probability drops to 64% to Long target.

 

[StupidCow]

To make things a bit worse, the hourly range has been cut in half according to its real-time average.

Probability now 70%.

 

[StupidCow]

D, now firing off on smaller Bullish harmonic.

 

[StupidCow]

The larger Bearish harmonic (ABCD specs above) still has a point D hovering around 4377.

 

[StupidCow]

Another smaller Bearish harmonic now forming: X = 4370, A = 4349, B = 4365 and C setting up shop currently at 4356. It would be nice of this one turned into a Crab.

Triple bottom is now broken and invalidated by dominant harmonic activity on smaller patterns.

Probability now 70%.

 

[StupidCow]

A Crab on the most recent Bearish harmonic would do the trick here.

 

[StupidCow]

The larger Bearish harmonic is still holding its structure, but just barely. Its point C is being challenged .

 

[StupidCow]

Most recent smaller Bearish harmonic point C, just got reset to: C = 4352, which is 78.6% of its XA. So, there two point C levels established. One is a larger Bearish harmonic and one belongs to the smaller leading edge harmonic.

Probability drops to 68%.

(correcting C to 4352, not 4252)

 

[StupidCow]

Larger Bearish harmonic point C is 88.6% of its XA, while smaller leading edge Bearish harmonic point C is currently 78.6% of its XA.

Probability 76%.

 

[StupidCow]

A Crab on both the larger Bearish and smaller Bearish harmonics would be very nice here.

 

[StupidCow]

A 61.8 point D on the smaller Bearish harmonic has set. I want that one to be weak to allow for the larger Bearish harmonic point C to rise into a Crab.

 

[StupidCow]

Probability 70%.

 

[StupidCow]

A two hour Descending Triangle now forming. So, this is not looking particularly good at this point.

Probability now 68%.

 

[StupidCow]

Larger Bearish point C, is still holding its position at 4349, but not looking particularly strong at this point.

Probability down to 61%.

 

[StupidCow]

Another small leading edge Bullish harmonic now forming: X = 4349, A = 4365, B = 4352, C = 4364 and D is currently 4350.

 

[StupidCow]

It does not look as if point C on the larger Bearish harmonic is going to hold.

 

[StupidCow]

Smaller Bearish harmonic point D, approaching 127% of its XA, which would come very close to knocking out the larger Bearish harmonic point C to trigger the Stop. But, for now, the bigger pattern is still the anchor.

 

[StupidCow]

New hourly bar in 1 minute.