Forex Factory (https://www.forexfactory.com/forum.php)
-   Interactive Trading (https://www.forexfactory.com/forumdisplay.php?f=137)
-   -   New pattern "harmonic flat" (https://www.forexfactory.com/showthread.php?t=881309)

moonman May 14, 2019 12:42am | Post# 81

{quote} What is this? This pattern I developed years ago. No Indicator exist.
I know. These are similar patterns.

potatoes May 14, 2019 5:35am | Post# 82

{quote} Hey! I just look your charts, all day out!. Use this chart, It is the best as example! {image}
my pending triggered on eu above, so i just move to be right now, because it's still learning phase

I'll study your chart again, sometimes it's hard to get a good place to start drawing. i feel this pattern more easy to implement than the rest of harmonic (too much of 'em)

casaccia May 15, 2019 11:08am | Post# 83

Hello! I made this pattern some years ago I called "The Harmonic Flat". It is a continuation pattern. It works very simple. The Entry, Stop and Target are clear in the graph with a great R:R {image} {image} The manage of the trade is also easy: 1. When market breaks 61,8% extension move the Stop to Breakeven! 2. You could take partial profit at 61,8% extension. 3. Let it ride to 100% extension. This pattern works in any active: Currency, Stocks, Commodities, etc., and also in any timeframe. If you see something that could be developing an Harmonic...

Hi Luis,

Is confusing to me the fibonacci lines you use. Please can explain how to draw fibo lines for entry price and target price?

Thank you.

LCForex May 16, 2019 10:31pm | Post# 84

2 Attachment(s)
{quote} Hi Luis, Is confusing to me the fibonacci lines you use. Please can explain how to draw fibo lines for entry price and target price? Thank you.
Hi! Use fibo expantion for both entry and target as the charts below. You will see 1, 2, 3 points, use the fibo expantion there.
Click to Enlarge

Name: entry.jpg
Size: 95 KB
Name:  target.jpg
Views: 113
Size:  74 KB


© Forex Factory