Harmonic Analysis - page 240
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I suggest you to check these our here:
Market Geometry & Harmonic Patterns
also might read Carneys books.
B point is different for most of these patterns listed.
With Gartley definitely a good idea to wait for both fib levels you mentioned.
Internal confluences of fibe levels of the patterns are equally important as the position of the overall price chart with supply/demand, support/resistance and HTF directions.
Good luck with it.Hi,
Thanks for your reply. Actually found out Butterfly's ratio is off from Gartley. Was actually referring to Crab and Gartley where the B and C retracements are the same.
http://www.harmonictrader.com/crabbullre.jpg
http://www.harmonictrader.com/gartleybullre.jpg
What do you mean by internal confluences of Fib? Thanks
Has anyone here used accelerated and secondary trend lines for stop placement of patterns? I used two target approach and from my research the patterns that did fail usually provide profit at first. I'm exploring the idea to add to my trading plan. I hate to reduce my risk to reward but sometimes its better to take little profit than to let the trade stop you out. On the other hand its possible to miss profit by taking profit too early. Thoughts?
A beautiful CRAB BEAR. We are coming to the PRZ.
Hi,
Thanks for your reply. Actually found out Butterfly's ratio is off from Gartley. Was actually referring to Crab and Gartley where the B and C retracements are the same.
http://www.harmonictrader.com/crabbullre.jpg
http://www.harmonictrader.com/gartleybullre.jpg
What do you mean by internal confluences of Fib? ThanksCheck out post #30 here:
https://www.mql5.com/en/forum/173439/page2
post #227 here for an excel pattern calculator for internal confluences and limits:
Ratios & Harmonics: a Different Way to Trade - Page 12 @ Forex Factory
also carney books will reference likely and preferable confluences of internal fib ratiois of different legs within a pattern.
I hope it helps.
Has anyone here used accelerated and secondary trend lines for stop placement of patterns? I used two target approach and from my research the patterns that did fail usually provide profit at first. I'm exploring the idea to add to my trading plan. I hate to reduce my risk to reward but sometimes its better to take little profit than to let the trade stop you out. On the other hand its possible to miss profit by taking profit too early. Thoughts?
Can you link some pics to see what your idea is about?
Tnx.
A beautiful CRAB BEAR. We are coming to the PRZ.Not only the crab beautiful, but also the zone it is, provides an excellent RR.
Congrats and tnx.
and just another possible entry - Cypher & ABCD on M15
Not only the crab beautiful, but also the zone it is, provides an excellent RR.
Congrats and tnx.
and just another possible entry - Cypher & ABCD on M15
A bit later, maybe worth to think of a long here?
USDCAD H1 bear butterfly + Wolfe wave, posible double top with divergence, but at this price there is no structure left on the left.
EURUSD bulls are developing on different TFs, here is a small M15 bat
are you agree with me that we are on crucial swing point on au w?