Harmonic Trading - page 439

[Aki Miu]

EURGBP M15 short 30pips.

[darren mookien]

Hi grandeavus,

I saw the gbpuchf bearish cypher and gbpusd bullish elliot 5 wave, can I ask what your profit target is on both patterns?

btw, loving your latest version of ZUP, best one by far

[Aki Miu]

EURJPY M15 short 60pips. It may be go down more (the pattern is on H1 as well and RSI shows around 50) but who knows.

[ozan]

darrenmkn:
Hi grandeavus,

I saw the gbpuchf bearish cypher and gbpusd bullish elliot 5 wave, can I ask what your profit target is on both patterns?

btw, loving your latest version of ZUP, best one by far

TP1 = Minimum Leg Length * 0.618

[Varboy]

RyuShin:
EURJPY M15 short 60pips. It may be go down more (the pattern is on H1 as well and RSI shows around 50) but who knows.

My chart is not showing the same with yours RyuShin .. What seems to be the problem?

[darren mookien]

Thanks for the reply..

do you mean 61.8% of CD leg as TP1?

[ozan]

darrenmkn:
Thanks for the reply.. do you mean 61.8% of CD leg as TP1?

Every pattern is only as strong as it's weakest leg.

So Tp1 is the 0.618 * minimum leg length of the whole pattern.

Last version checks the lengths of all legs and finds the minimum leg length.

[poruchik]

Bro, recode 5-0

add table

and name it 5-0 (.886) or 5-0 (.707)

5-0 Pattern FOREX Geometry Fibonacci Harmonics

//5-0 Pattern Search Start

if (

retXB >= 1.128*min_DeltaGartley && retXB <= 1.618*max_DeltaGartley

&&

retAC >= 1.618*min_DeltaGartley && retAC <= 1.618*max_DeltaGartley

&&

retBD >= 0.618*min_DeltaGartley && retBD <= 0.618*max_DeltaGartley

||

retXB >= 1.128*min_DeltaGartley && retXB <= 1.618*max_DeltaGartley

&&

retAC >= 2.236*min_DeltaGartley && retAC <= 2.618*max_DeltaGartley

&&

retBD >= 0.382*min_DeltaGartley && retBD <= 0.382*max_DeltaGartley

||

retXB >= 1.128*min_DeltaGartley && retXB <= 1.618*max_DeltaGartley

&&

retAC >= 2.0*min_DeltaGartley && retAC <= 2.0*max_DeltaGartley

&&

retBD >= 0.5*min_DeltaGartley && retBD <= 0.5*max_DeltaGartley

||

retXB >= 1.128*min_DeltaGartley && retXB <= 1.618*max_DeltaGartley

&&

retAC >= 1.414*min_DeltaGartley && retAC <= 1.414*max_DeltaGartley

&&

retBD >= 0.707*min_DeltaGartley && retBD <= 0.707*max_DeltaGartley

||

retXB >= 1.128*min_DeltaGartley && retXB <= 1.618*max_DeltaGartley

&&

retAC >= 1.272*min_DeltaGartley && retAC <= 1.272*max_DeltaGartley

&&

retBD >= 0.786*min_DeltaGartley && retBD <= 0.786*max_DeltaGartley

||

retXB >= 1.128*min_DeltaGartley && retXB <= 1.618*max_DeltaGartley

&&

retAC >= 1.128*min_DeltaGartley && retAC <= 1.128*max_DeltaGartley

&&

retBD >= 0.886*min_DeltaGartley && retBD <= 0.886*max_DeltaGartley

)

{

vNamePattern="5-0"; // 5-0

[darren mookien]

thanks again for your reply, grandeavus..

sorry i dont know what you mean by the weakest leg? is that the shortest leg?

Could you give an example?

Thanks

[irad]

RyuShin:
NZDUSD D1. Maybe time to go north but who knows.

pattern was 2 tick away from disappear/reform

well this might be the opportunity to get involved with this:

price seem to identify 224% of AB leg(both 30m and daily charts)

i'll be waiting at point B for target 1(50%) there is some support around this point might turn into ressistance.