Harmonic Trading - page 101

 

hi all

it seems butterfly.please wait for trigger.

 

 
ahmad1360:
hi all

it seems butterfly.please wait for trigger.

@ahmad

as i understand this is not valid butterfly pattern because in your chart the point c is under point a, and this is not allowed in a butterfly pattern

regards

 

Cad Situation

if it doesn't make a new high above (b) it will fall a divergence is seen on MACD but i am not sure the impact yet - ofcourse i am not just after cad but while learning and developing i feel like follow one as much as possible.

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matrixtrader:
@ahmad

as i understand this is not valid butterfly pattern because in your chart the point c is under point a, and this is not allowed in a butterfly pattern

regards

hi

thank you matrixtrader for pointing out the problem you are right.also i should add this point ,in all patterns(not just butterflies) the point C MUST be above(or at most equal to) point A, if not it is an inavlid pattern.

@ahamd

in yout pattern the point C is below the point A so.it is an inavalid pattern,o course in term of harmonic trading rules.

kamyar

 
kamyar:
hi

thank you matrixtrader for pointing out the problem you are right.also i should add this point ,in all patterns(not just butterflies) the point C MUST be above(or at most equal to) point A, if not it is an inavlid pattern.

@ahamd

in yout pattern the point C is below the point A so.it is an inavalid pattern,o course in term of harmonic trading rules.

kamyar

kamyar , matrixtrader good point there about pointC is below PointA in ahamd's post i have been studying some manual where there is a PointC could be above PointA in EW and it is rare ( if i am not mistaken )and seeing how you guys taking it with harminic patterns i am also thinking not to include or trade such EW patterns in future ... thanks guys for bringing this point out.

Eacan.

 

Im looking at a slightly different pattern on EUR/AUD at this stage, Id wait for a better price now.

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EURAUD Weekly

On the Weekly i have a sell setup missed on EURAUD i dont know what the professional EW softwares are saying like MTPredictor , ELWAVE or advanced GEt if some one can post would be help to see if there is anything there.

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kamyar:
hi

thank you matrixtrader for pointing out the problem you are right.also i should add this point ,in all patterns(not just butterflies) the point C MUST be above(or at most equal to) point A, if not it is an inavlid pattern.

@ahamd

in yout pattern the point C is below the point A so.it is an inavalid pattern,o course in term of harmonic trading rules.

kamyar

hi

Kamyar and matrixtrader thanks for your guides. i know point C at least must be equal with point A but here shadow is under point C and Candle body is above point A and i think Candle important than shadow so i think it is not ideal pattern but it is valid now.

regards

 

EURJPY - Bearish Gartley - 1hr chart

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