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04 Apr 2018

Wednesday 4th April: US ADP non-farm employment change eyed (considered a forerunner to Friday’s main US employment report).

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EUR/USD:    In early London hours, Tuesday’s action crossed swords with intraday resistance on the H4 timeframe at 1.2336 and staged a somewhat dominant selloff. Likely influenced by a mixture of softer Eurozone PMIs, lackluster German retail sales and a stronger greenback, the move cleared H4 support at 1.2285 and ended the day shaking hands … Continue reading Wednesday 4th April: US ADP non-farm employment change eyed (considered a forerunner to Friday’s main US employment report).

03 Apr 2018

Locate High-Probability Reversals Using the Harmonic Bat Pattern

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Developed by Scott Carney, the harmonic bat pattern, a variation of the Gartley harmonic pattern, is a 5-point retracement structure composed of Fibonacci measurements used to create a potential reversal zone, or PRZ.

03 Apr 2018

Trading the Gartley Harmonic Pattern

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Updated August 2020 While some disregard harmonic trading, others are incapable of operating without it. The Gartley pattern, sometimes referred to as a Gartley 222, was introduced by H.M. Gartley in his book Profits in the Stock Market[1], in 1935. Nowadays, however, many traders follow the teachings of Scott M. Carney. In his book, The … Continue reading Trading the Gartley Harmonic Pattern

03 Apr 2018

Tuesday 3rd April: Asian markets in the red after US tech selloff

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Global Markets: Asian Stock Markets : Nikkei down 0.34%, Shanghai Composite down 1.25%, Hang Seng down 0.59%, ASX down 0.13% Commodities : Gold at $1343.50 (-0.25%), Silver at $16.55 (-0.76%), WTI Oil at $67.72 (+0.12%), Brent Oil at $63.06 (+0.08%) Rates : US 10-year yield at 2.741, UK 10-year yield at 1.343, Germany 10-year yield … Continue reading Tuesday 3rd April: Asian markets in the red after US tech selloff