Mad Cows Trading Journal: EURUSD

[StupidCow]

There's the double D move on the 1 minute and the resultant spike downward.

 

[StupidCow]

So, with this D being 88.6% of its XA, it set-up another Bullish harmonic: X = 4341, A = 4361, B = 4352, with C and D not yet formed.

This tactically and strategically a better position because I was long off a Bearish harmonic C, that evolved into a forming Bullish harmonic pattern. So, if the forming Bullish harmonic goes through all of its points on schedule, then this increases the time to target but it also increases the probability as well. Even more so, if the current Bullish harmonic breaks into an AB=CD, which does not seem like the case, but I'll have to wait for it to evolve.

 

[StupidCow]

C, now established at 4359. D, is not yet established.

 

[StupidCow]

If D, does not establish itself, then AB=CD must emerge, unless something else pushes price down.

 

[StupidCow]

Probability now 74% to Long target area.

 

[StupidCow]

C, now reset to 4360.

 

[StupidCow]

Most Ask prices are now above point A.

 

[StupidCow]

If C, breaks A level, AB=CD should develop, making D at 127% of its XA more probable.

 

[StupidCow]

Bullish harmonic now invalidated. Bid and Ask, now above A. This should start the AB=CD pattern.

 

[StupidCow]

EURUSD
Long
4354
4350 (raised stop)
4368 (Initial target. Revisable)

 

[StupidCow]

EURUSD
Long
4354
4347 (Revisable)
XXXX (Extended - Manual)

 

[StupidCow]

Rapid move off of D =127% of its XA. I'm waiting for a revisit of the 4368 level before I determine the next move.

 

[StupidCow]

AB=CD could become Three-Drive but that would require a move beyond 168% for D.

 

[StupidCow]

EURUSD
Long
+10

 

[StupidCow]

Scanning for next Trade Signal...

 

[StupidCow]

A bit too much short-term momentum for me to take the 127% Short at this time.

 

[StupidCow]

Bullish harmonic forming: X = 4352, A = 4371, B = 4361, C = 4369 and D is currently at 4358, which is greater than 61.8% of XA. The problem here is that it is competing with a larger Bearish D already on the move. So, I've got conflicting signals here and will remain flat.

 

[StupidCow]

-0.8% of daily total.

 

[StupidCow]

D, now 78.6% of XA on Bullish harmonic.

 

[StupidCow]

D, now 88.6% of XA on Bullish harmonic.