{quote} Hey traders... Second entry on UC at 1.9145 :nerd: {image} Make your plan and green pips.
Which ZUP are you currently using?
Mike
Good morning, pattern on E/J H4, with strong fibo confluence. Can anyone tell me how to calculate possible targetpoint for the harmonic patterns? Is it Fibo-retrace of last swing? {image} Regards Chriss
You could draw a trend line up starting from the low. That would be one target.
Another would be to draw a fib retracement up from the bottom to the top and aim for 61.8% retracement.
Happy hunting
BTW, which ZUP are you using, and any special settings?
Mike
- #1,244
- Aug 1, 2014 2:01am Aug 1, 2014 2:01am
Hi Mike,
i'm using a indicator from tradingsystemforex.com - 4 or 5 years ago the indi was free. Now it's not anymore, the indi-name is "Gartley v101". It shows most of harmonic patterns, other indis mostly to heavy for pc-perfomance.
Thanks for possible targetpoint
The rest is simple support and resistance, no special settings - only trying to get a small risk entry now intraday...
regards
Chriss
i'm using a indicator from tradingsystemforex.com - 4 or 5 years ago the indi was free. Now it's not anymore, the indi-name is "Gartley v101". It shows most of harmonic patterns, other indis mostly to heavy for pc-perfomance.
Thanks for possible targetpoint
The rest is simple support and resistance, no special settings - only trying to get a small risk entry now intraday...
regards
Chriss
Hi Mike, i'm using a indicator from tradingsystemforex.com - 4 or 5 years ago the indi was free. Now it's not anymore, the indi-name is "Gartley v101". It shows most of harmonic patterns, other indis mostly to heavy for pc-perfomance. Thanks for possible targetpoint
Have you compared your indi with any ZUPS? I haven't found ZUPS or kor slow me down noticably (I have a SSD, which helps).
There is a bearish cypher setting up on gbpusd, if price gets up to 1.6940 (78.6% retracment from high of 30th to low of yesterday), which it might do on today's NF employment news. Should be a good ride down
Mike
- #1,253
- Aug 1, 2014 10:12am Aug 1, 2014 10:12am
{quote} Hi Wind, Which ZUP are you using? Thanks, Mike
{quote} Hi Blott. I particularly just work with the toughs of Scott M Carney. You can take a look at these books: Scott M. Carney Harmonic Trading Vol 1, Vol2. This book changed my entire perspective of trading tremendously. Green pips!!
- #1,255
- Aug 1, 2014 10:27am Aug 1, 2014 10:27am
{quote} Hi Wind, I agree, it's a very good series of books, also 'Trade What you See' by Larry Pesavento & Leslie Jouflas. So you recognise the patterns by eye and draw them in by hand, or do you use a pattern indicator? Mike
Green pips
{quote} Particularly I draw out the patterns by hand, I have bad experiences with pattern indicators. Maybe they can work out for some people but to be honest not for me. My method is the same for all my entries and the name is confluence. Green pips
I shall watch your posts with interest
.Cheers,
Mike
{quote} Hi Traders, target 1 attained and waiting patiently for the second one. As I entered 2 entries, the number of pips is tremendous. I will update mi final result when I close my two position. {image} Make your plan and green pips!
Final result
+ 151
+ 126
Total: + 277 Pips
Green pips to all.
- #1,260
- Aug 3, 2014 10:24pm Aug 3, 2014 10:24pm
{quote} First target attained UJ. Waiting patiently for the second one...
USDJPY Daily
