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- PeteH replied Aug 15, 2018
YM1597 - Long Stopped out
- 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
YM - Potential Gartley Any comments would be welcome.
- 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
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
YM1597 I have taken a Short trade following a good rotation between the 78.6 fib and 61.8 fib @ structure. Entry: 25346 Target: 25012 Stop: 25489 Edit: Moved to Breakeven +5 pips. Trade hit Breakeven
- PeteH replied Jul 31, 2018
Hi all. I have been away from the screens for a while to take a break away and a holiday. I am back now. Hope everyone has been enjoying the summer. I will be looking at longer term trades primarily but also some intraday trading. This morning I ...
- PeteH replied Jun 13, 2018
Hi Nikster, Thanks for sharing. I am still making a number of mistakes too and in the past did switch between order flows with no success. If I trade on a particular day I try to stay with one order-flow as I find it easier to track. I did not trade ...
- PeteH replied Jun 12, 2018
I got in at a similar point on US30 (CFD instead of Futures version of YM). I did not take profit as I had not got to BE. It will be interesting to see if this one plays out. Target is 25256 Entry: 25349 Stop: 25393 Move to BE when/if price gets ...
- PeteH replied May 18, 2018
Good Morning - Happy Friday to you too! YM233 I'm in short @ 24733 - Target 24626, Stop 24807 Moved to BE+5 Hit break even. Next.
- PeteH replied May 17, 2018
I got in at 24806 Long too. Looks like it may break down but rules tell me that I must sit on my hands until either I hit the stop (24768) or get to the NSH (24835). Stopped out.