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- PeteH replied Aug 15, 2018
YM1597 - Long Stopped out
- PeteH replied Aug 13, 2018
Thanks for correcting me. I am still trying to learn to read the charts better and the more help I get the better. I was thinking of placing a buy trade earlier but felt that momentum was weakening so I am glad I chose not to.
- PeteH replied Aug 13, 2018
I fully agree that the expectation of the YM233 is a NSH. I am perhaps being a bit too cautious. Please don't let my comments sway your trade decisions. My notes are: Expectation: YM233 - NSH (Momentum losing strength) Expectation: YM1597 - NSL ...
- PeteH replied Aug 13, 2018
Hi all & Welcome back Mr.Pip, I have noticed a slowing of momentum on the YM233, increase in depth and reduction on projection today so I am not looking for longs and will sit on the sidelines for now.
- PeteH replied Aug 10, 2018
My guess is that price will break through the 25347 to a NSH but a great opportunity for a low risk:reward trade if there is a good rotation at that price.
- PeteH replied Aug 10, 2018
Target would be 61.8% of the AD extension so around 25285. If you have taken trade would be at BE already as the target to BE is 38.2 fib.
- PeteH replied Aug 10, 2018
YM - Potential Gartley Any comments would be welcome.
- PeteH replied Aug 10, 2018
No problem, we learn from mistakes! I am happy to admit my failings. I think yesterday I missed the obvious main swing and chose shorter term swings to trade before realising that the high had not been breached. It is this reason I like to post some ...
- PeteH replied Aug 10, 2018
I try not to overthink my trades and try to keep things simple. This results in more trades and perhaps more losing trades but I have been mindful that if I get in at a good R:R then although my percentage of winners to losers can sometimes be lower ...
- PeteH replied Aug 10, 2018
As mentioned previously I am fairly new to Harmonic trading so sometimes I make mistakes. This trade hit the stop loss but I have taken similar set ups earlier in the year with success. Perhaps I should have noted that the projected the swing from ...
- PeteH replied Aug 9, 2018
EURUSD t144 Long Entry: 1.1555 Target: 1.1647 Stop: 1.1527 Long Term trade. Stopped out: -28
- PeteH replied Aug 9, 2018
You may well be right to look for shorts. Sometimes I interpret complex corrections inaccurately. I am new to Harmonic trading. Initially I was looking for shorts but I saw the price rise to 25572 which I interpreted as an expectation failure (as it ...
- PeteH replied Aug 9, 2018
YM233 Intraday trade LONG - Took trade at the 61% rotation. Entry: 25534 Target: 25590 Stop: 25493 Note took trade at 12.48 (GMT) - moved stop to BE+5 Trailed near target. Taken out at +39 pips. Should have let target stand.
- PeteH replied Aug 7, 2018
Hi Bruin813, My analysis for the YM233 is similar except I am aware that on the longer term T1597 YM there is an ABCD pattern so we may find that price drops down to the target 1 of 25450 and target 2 of 25385 rather than rotating at the 60 fib and ...
- PeteH replied Aug 6, 2018
I looked simply at the US30 t144 chart for the entries. I look for the most obvious highs and lows and drew my lines and fib's using these. When I spot a 1:1 completion to a 61 fib I like these entries as they have two positive signals. Firstly the ...
- PeteH replied Aug 6, 2018
I spotted the same longer term 60 fib. I could not afford the stop on my YM (Futures account) but placed trade on my CFD account (@US30). I was in a little later than I wanted at 25408.5 but as it is a longer term style trade I was o.k. with it as ...
- PeteH replied Aug 6, 2018
I'm still learning myself but your comments on the diagram were similar to my thought processes. In respect to your sell trade ABCD pattern I looked at the 1:1 completion into the longer term hitting the 61 fib so I am looking for longs rather than ...
- PeteH replied Aug 6, 2018
I got in the trade the moment the rotation candle finished rather than through a limit order. On the exit I saw a lot of volatility and noted that the price hit the target which I moved on so that I could trail it. In the end I exited a few pips ...
- PeteH replied Aug 6, 2018
Hi Bruin813. I see the pre-open market the same way and placed a sell trade between the 61.8 & 50.0. Entry: 25434 Target: 25350 Stop: 25487 Presently +34. Moved to Break Even +5. Took profit @ 25356 +78 pips.
- PeteH replied Aug 3, 2018
Enjoy your holiday!