Thank you to all the contributors for such an informative (and friendly!) thread.
A profitable aggressive C sell with market flow on AUDUSD M15 a few hours ago
A profitable aggressive C sell with market flow on AUDUSD M15 a few hours ago
"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies
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180 reasons to trade Harmonics and Patterns 13 replies
DislikedThank you for your wonderful post. You intro video was clearly presented and very illuminating, I have been studying the ebook High Probability Trading Stratigies. This was posted by an astute trader in another post, ( I apologize to that poster for the lack of proper reference ). The books' system touches on fib extensions. I must say your posting was much clearer as to the concept behind fib extensions. Another element touched on in the attached ebook has to do with applying those same fib extension levels to the time scale, overlaid on...Ignored
DislikedYou see even major confluence fails and even I lose trades every now and then got stopped out for a 14 pip loss.Ignored
DislikedHere goes, first trade posted on this thread. Short EUR/AUD:
Reason : 618 fib retracement of swing high (1.2737) and swing low (1.2568)
: ABCD completion
: 1.272 extension of AB
SL : 1.2702
Entry : 1.2670
Target: 1.2615 (5 pips above 618 retracement of ABCD)
Risk : 32 pips
Target : 55 pips
R:R : 1.718
(think I'm going against orderflow but we'll see how the trade pans out).Ignored
DislikedMr Pip, is it right to assume that every SWING could be a potential start for a new Pattern? and even if it is a part of an already in progress pattern?Ignored
DislikedGot stopped out. On top the next, looking to short GBP/AUD @ 1.5088
Reason : 2x ABCD parterns
1 x AB=CD
2x 1.272 of AB
SL : 1.5128
Entry : 1.5088
Target: 1.5024
Risk : 40 pips
Target : 64 pips
R:R : 1.6Ignored
DislikedDang it Dang it Dang it
Everytime I get going with this trade thing life keeps getting in the way. I wanted to be constant contributor like Bary(once I could spot patterns) but work and life keeps getting in the way. Yet again I have to take a break and only contribute where I can or when a pattern pops up while having time to look for trades. Anyway, I apologize if I become whodini every now and again. I REALLY wanted to be active and continue to make this thread what it is..... AWESOME! So please don't take any disrespect if I...Ignored
DislikedHere is a butterfly for short term traders on the same same pair on the 15m chartIgnored