Bullish butterfly? 
these violent delights have violent ends
Making Bank: The Harmonic rhythm of the market
1HR Bat - Realised I need to practice correct entry criteria in the form of price behavior.
Currently reading up on and putting reversal behavior into practice, always seem to find myself drawn back to harmonics as I did in the beginning.
Don't have any issues at all finding the patterns, seem to have the issue of filtering out the ones that don't display the correct entry price behavior vs those that do.
Currently reading up on and putting reversal behavior into practice, always seem to find myself drawn back to harmonics as I did in the beginning.
Don't have any issues at all finding the patterns, seem to have the issue of filtering out the ones that don't display the correct entry price behavior vs those that do.
This looking like a near perfect (0.786 AB, 1.27 XD, 1.618 BD) bearish Gartley to you guys? {image}
2. The XD of Gartley finishes at a 0.786, not a 1.27 such as this example.
What you have drawn more resembles a bearish butterfly, but I personally wouldn't even class it as a valid setup due to XA being a 0.886, not a 0.786.
{quote} Hey Traders, all 3 targets attained: {image} Position closed after taking pic. I am now flat this position and will continue to monitor for other opportunities. Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!
When you use the term watching price behavior in the PRZ is this just simple price action such as engulfing bars, wedge flag & pennant breaks etc?
I don't struggle with manually identifying the patterns, in-fact nine times out of ten I have the same patterns drawn that you end up showing you've entered. Only issue I seem to find myself coming back to time and time again is when I analyze the pattern I can't seem to find any common price behavior that you use that tells you "This is a valid setup, here is the price telling me the potential direction, here's your entry"
I've been on and off studying harmonics now for over 3 years and seem to have the same issue time and time again of when is a pattern valid and the price isn't just going to fake out before blowing the pattern through its own ass.
Here are two 1Hour Bat patterns shown on the 15 minute, are these setups you would have entered at all?
- #3,656
- Mar 11, 2019 2:49pm Mar 11, 2019 2:49pm
I've identified perfect patterns at key areas and tried various approaches to getting involved and every single time price has continued, don't think I've struggled this much with something in all my life.
- #3,659
- Mar 12, 2019 11:53am Mar 12, 2019 11:53am
- Joined Jul 2012 | Status: "Winners knowl"!! | 2,171 Posts
Don't follow me! You can and most likely will LOSE all your money!!!!
- #3,660
- Mar 12, 2019 12:04pm Mar 12, 2019 12:04pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,091 Posts
{quote} Young, I'm not gonna get into the details about how I make my decision to enter or not on this forum. I have explained and shared all I want to on that matter. With that said I have reviewed the past few postings and charts you have complained about and each of them paid out and gave the potential to make bank. You need to remember also that each of the posts you have made in the past week have been charting a 15 minute chart lower time frame and trading against bigger picture chart except for GCAD, which a simple look at the 1 hr chart...
By the way, I have an off topic question. Have you ever used order flow tools such as Footprint? If yes, what do you think of it? Useful? Crap?
Thanks,
Simplicity is the ultimate sophistication - Leonardo da Vinci