If you fail to plan, you plan to fail.
- Joined Feb 2012 | Status: Member | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies
Learning to trade with harmonics 11 replies
Time for Change - Pivots & Harmonics to freedom 67 replies
180 reasons to trade Harmonics and Patterns 13 replies
DislikedMr Pip
Could you share your template?If you are using metatrader4 or 5
I specially like how your triangles are defined by line and shape color and your fibs are color coded.
Thanks a lot.Ignored
Dislikedhave only been demo trading and using micro accounts with little success so far.
here's my first stab at trying out trading with just patterns..
Possible eu bullish bat??Ignored
Dislikedready to break "B" from "C" . on the way to "D". trade from C to D , shortly called BAMM
after we're in D where known as PRZ..we could trade from D to B ( at least) ...Ignored
DislikedIgnored
DislikedFiovit,
You need if possible to plot Fibonacci each level. Track price movement within Fib level for precise projection.
Happy New Year guys
TwinsummitIgnored
DislikedI was of this opinion as well, but then I went and looked back farther. it appears the main swing may actually occur between Oct. 17th 14:00 and Dec 12th 12:00. Unfortantly, my screen will not zoom out far enough on the 1 hr time frame to show this entire move. However, with this being the case, the dominate swing would then become Dec 12th 12:00 to current. Dec 26th 11:00 may end up being the end of the dominate swing, but that is yet to be determined as the retracement down is hanging around the 50% mark currently, and the move up has yet to reach...Ignored
DislikedIf you zoom out far enough or go to a higher time frame you probable can find a HH or LL.
IMHO you need to look at the swings that are pertinent to the time frame your trading. For example if you're trading on M5 who cares what is happening on H4. The M5 swings/patterns will complete long before the H4. If you trade the H1 you might look at H4 and maybe even the Daily and so on...Ignored
DislikedThanks for this thread Mr Pip.
Seems to me that EG has completed the AB=CD on the daily
Question: has target been reached? or can we expect another leg?
Is this draw correct?
Thanks for your help.Ignored
DislikedEnjoy! Happy new year to you and your family!
Joining this amazing thread. I've spent the last day of the year reading the whole thing. Great job of the guys who have put together the main Posts so far (bad thing I saw them until I had done it myself too LOL).
Can't wait to see the things to come!Ignored
DislikedHi i am at the beginning reading yur thread. I have a question how do you know what pattern will work if for example one pattern fail it will build anoter. Also confluense. You can always find confluense there are so many how do you know the one that is the right are from the ones that is whrong ?
Best regardsIgnored
DislikedAfter reviewing the chart again, I change the view it is a potential Gartley rather than a butterfly with AB leg retrace 0.612 (close to 0.618) and BC retrace to 0.913 (close to 0.886, only 8 pips away), now target at 0.786XA (1.3258), 1.414BC(1.3265) and 1.618BC (1.3278),Ignored
DislikedThanks Bary.
I hope he gives us something really to go on because like i say if one look there is confluense everywhere. Also fibb can be verry vague. But ill keep good hope up and hope this will lead me
Best regardsIgnored
DislikedYes, it close below 78 in your chart, but in my chart (FxPro), it didn't. So IMHO, HA pattern is not an exact maths. , it is the shape matter rather than all figures exactly match the ratio. And different broker platforms will have different readings in most occasions (small variations), so if too rigid on the figures, it will make the Harmonic Analysis difficult.Ignored
DislikedIn post 209 video 2 o the thread he goes thru some things and shows where price goes and all, but it is all in hindsite. Cant he do some in real time so we can see. We are all good traders in hindsight.
Best regardsIgnored
DislikedI was reading the start of this post and although I don't trade the 1 hr time frame - referring to the EURUSD 1 hr Bat on page 1. I do and have been trading harmonic patterns now for about six months and had a look at your chart , I put X in the 'wrong place' , just looking at the first impulse leg as I see it at 1.3294 and this is what I came up with and ended up with confluence of the 88.6 and the 1.618 at 1.3278. If I had of spotted a pattern like this on the time frame I trade I would have taken it. I use limit orders and place my stop 10 pips...Ignored