Harmonic Trading by Lewis Glasgow

Lewis Glasgow

SixFigureCapital Representative
Messages
64
Harmonic Trading (27 April 2017)

EUR/NZD: Bearish Shark


What's up everyone, price has now formed a bearish shark pattern on the 4h chart.

This is an excellent trading opportunity with over 1:4 risk to reward.

The measurements for a valid shark are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13

EURNZD.png


Entry: 1.59050

SL: 1.60550

TP: 1.52200

Click here to view my original analysis on TradingView.
 

Lewis Glasgow

SixFigureCapital Representative
Messages
64
Harmonic Trading (18 May 2017)

EUR/GBP: Bearish Bat


We are now forming a valid bullish bat pattern on the 1h chart which has opened up a trading opportunity with over 1:4 risk to reward.

The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886

EUR:GBP.png


The D point completes outside of the 4h descending channel, I'm expecting a false breakout followed by a reversal.

EUR:GBP 2.png


Entry: 0.86900

SL: 0.87650

TP: 0.83400

Click here to view my original analysis on TradingView.
 

Lewis Glasgow

SixFigureCapital Representative
Messages
64
Harmonic Trading (13 July 2017)

NZD/JPY: Bearish Bat


Here was have a bearish bat pattern on the 4h chart which has opened up a trading opportunity with over 1:3 risk to reward.

The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886

NZDJPY.png


Entry: 82.900

SL: 84.100

TP: 78.400

Click here to view my original analysis on TradingView.
 

Lewis Glasgow

SixFigureCapital Representative
Messages
64
Harmonic Trading (25 July 2017)

XAG/USD: Three Drives


I'm back with a market insight on XAG/USD.

Price seems to be forming a valid bullish three drives pattern and I plan to capitalise on its premature formation.

XAGUSD.png


Price completed the 2nd price drive at 15.18 and we may be starting the 3rd price drive once we confirm the 0.618 retracement level.

You will need to pay close attention to price action and candlestick formations in the current area for the perfect entry point.

A clear break and close above the trendline would indicate a move higher, therefor invalidating the pattern.

The maximum level for an entry point would be a 0.786 retracement, ideally I would prefer a 0.618 retracement to keep a symmetrical pattern.

This is a great trading opportunity with over 1:3 risk to reward.

Entry: 16.80

SL: 17.52

TP: 14.36

Click here to view my original analysis on TradingView.
 

Lewis Glasgow

SixFigureCapital Representative
Messages
64
Harmonic Trading (01 August 2017)

EUR/GBP: Bearish BAMM


Today we have EUR/GBP on the 1h chart with a bearish BAMM (Bat Action Magnet Move) setup in combination with a bullish bat pattern.

EURGBP.png


The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886

I understand the BAMM theory will be relatively new to most traders, I've posted a few charts about this style of trading but it simply focuses on a breakout of the B point.

A clear break and close below support at B would indicate further declines, therefore, completing the D leg around 0.87700.

Below are my stop loss and take profit levels.

SL: 0.89350
TP: 0.87700

This is an excellent opportunity with around a 1:3 risk to reward.

Green area displays the profit zone.

Click here to view my original analysis on TradingView.
 

Lewis Glasgow

SixFigureCapital Representative
Messages
64
Harmonic Trading (05 September 2017)

USD/JPY: Bullish Bat

What's up everyone, here we have USD/JPY with a bullish bat pattern on the 30m chart, this is a short term trading opportunity.

download.png


Excellent opportunity with over 1:2 risk to reward, as you all know that is my bare minimum for taking a trade.

The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
https://www.tradingview.com/chart/USDJPY/fzXXjgGQ-USD-JPY-Bullish-Bat/
Click here to view my original analysis on TradingView.
 

Lewis Glasgow

SixFigureCapital Representative
Messages
64
Harmonic Trading (03 October 2017)

EUR/CAD: Bearish Bat


Today we have EUR/CAD with a bearish bat pattern on the 1h chart.

download.png


Excellent opportunity with over 1:2 risk to reward.

The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886

The daily chart looks good, showing a resistance zone at D which aligns with the move lower.

download (1).png


I hope you all have a great week!

Click here to view my original analysis on TradingView.
 
Last edited:

Lewis Glasgow

SixFigureCapital Representative
Messages
64
Harmonic Trading (12 November 2017)

AUD/JPY: Bullish Gartley


What's going on traders, I hope you're all having a good Sunday.

This is a quick post updating you all on a potential trading opportunity going into a new week.

AUD/JPY on the 4h chart with a bullish gartley pattern.

download.png


The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786

Click here to view my original analysis on TradingView.
 

Lewis Glasgow

SixFigureCapital Representative
Messages
64
Harmonic Trading (06 December 2017)

EUR/USD: Bullish Gartley


EUR/USD is now approaching the completion point of a bullish gartley pattern on the 1h chart.

download (5).png


The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786

I'll re-analyse upon completion, this setup provides a 1:2 risk to reward.

Click here to view my original analysis on TradingView.
 

Lewis Glasgow

SixFigureCapital Representative
Messages
64
Harmonic Trading (05 February 2018)

XAU/USD: Bullish 5-0


I'm back with another 5-0 pattern but this time on the 4h timeframe with XAU/USD.



The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50

Excellent trading opportunity with over 1:3 risk to reward.

The D point seems to be a good area of support to go long as shown below.



Wait until price reaches $1300 before acting upon the analysis, as always I will be analysing this pair further before entry.

Entry: 1301.400

SL: 1279.750

TP: 1366.300

Click here to view my original analysis on TradingView
.
 
Top