Harmonic Analysis - page 50
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it had me too,but atleast I paid for this loss with my EURUSD scalping trade that I took aswell( I manage to hit target 2 @ 127.2% of the AD swing!)
We should've taken XA like this :/
We should've taken XA like this :/
well.. that's right,
that's the reason I hate harmonic as much I love it, if you lose and you keep watching the market move, you will find that it's not a failed pattern, it just a formation of a different one.
and with the correct money management you can take several loses and just B/E for the day or even profit the day with a single trade.
I close that day with 8 winners, 8 losers, and over 100 pips waiting for my EURAUD(decided to go long on the 5-0 pattern) + AUDUSD(bearish bat) trades to finish their moves
BTW watch the EURJPY trade that it also a butterfly that terminated at 130.30,
I hate to realize those stuff 2 hours later
The small anti butterfly fails. Now the price is hanging around significant resistance level. Maybe it's likely to go down
The second anti butterfly worked out with 70pips in profit. I added an anti bat in case the second anti butterfly failure. Maybe the bearish anti bat is still valid. I couldn't post as much as I usually do. I was busy and I will be busy tomorrow too maybe but I will try my best to contribute to the thread.
well.. that's right,that's the reason I hate harmonic as much I love it, if you lose and you keep watching the market move, you will find that it's not a failed pattern, it just a formation of a different one.and with the correct money management you can take several loses and just B/E for the day or even profit the day with a single trade.I close that day with 8 winners, 8 losers, and over 100 pips waiting for my EURAUD(decided to go long on the 5-0 pattern) + AUDUSD(bearish bat) trades to finish their movesBTW watch the EURJPY trade that it also a butterfly that terminated at 130.30,I hate to realize those stuff 2 hours later
I totally agree with you. That's what exactly happen to me too. Money management is very important. There's a bearish butterfly on EURJPY H4. I think I posted that before, anyways it'll complete soon.
It didn't work out beautifully but it seems to be working out after it hit 61.8 retracement of the last swing. Now we have a potential gartley, ABCD and agg/safety C entry on H4.
The pair has been moving exactly what I anticipated. Shorted at B to C, closed with 130pips in profit and longed at C to D which is still running with 150pips in profit. I can close it now but I'll see if it's gonna complete the gartley. SL is 100pips in profit.
The pair has been moving exactly what I anticipated. Shorted at B to C, closed with 130pips in profit and longed at C to D which is still running with 150pips in profit. I can close it now but I'll see if it's gonna complete the gartley. SL is 100pips in profit.
that's amazing, it's like super aggressive B
did you actually anticipated gartley since it touched the 61.8? what was your entry on that one?and where you decided to close the position?
that's amazing, it's like super aggressive Bdid you actually anticipated gartley since it touched the 61.8? what was your entry on that one?and where you decided to close the position?
Sorry for a belated reply I was without internet connection. Anyways speaking of USDJPY, there was a bearish gartley whose PRZ was around 61.8 retracement of the noticeable bearish movement (XA of the gartley on H4)(if I remember correctly), as you know 61.8 retracement is a very significant level. Sometimes the price bounces at/around 61.8 fib which some people called "Simple AB pattern" (if I remember correctly). When there's a noticeable bearish/bullish movement with retracement, I pull up fibo and see what retracement level the price reaches. The case of USDJPY I was looking at 61.8 retracement H4 and a bearish gartley on H1, the price started bouncing, I immediately drew the gartley and started planning a trade on the pair. My plan was to see if the pair would reach 61.8 retracement of AB of the gartley to enter agg/safety C, it reached 61.8 so I closed the short (simple AB pattern/the bearish gartley on H1) and entered a long for agg/safety C with SL break of 78.6. The pair began to reverse so I waited if it'd complete the gartley on H4. The pair reached the entry point of the gartley so I closed the long and entered short and the gartley seemed to work out. I closed the short when it reached 50 retracement of CD of the gartley because I felt enough. Total 390pips in profit. That was the first time for me to trade exactly how I anticipated. This happens but also fails but with solid MM, we could grab a lot of pips I think.
USDJPY H1. Potential bearish gartley and bullish bat.
that's amazing, it's like super aggressive Bdid you actually anticipated gartley since it touched the 61.8? what was your entry on that one?and where you decided to close the position?
This is a failure of simple AB pattern that stopped me out. I went short when it reached 61.8. I went short cuz RSX showed overbought too. SL was above 78.6 which it hit and stopped me out.
And then it will complete the butterfly we've been waiting for
The butterfly worked out.