Hello all harmonic traders. Just recently started reading your great thread here and Carney's book. I've been trading live for the past few months, but I don't like being dependent on MAs, despite my consistent profits. I want to make the next step and become a real technical PA trader.
So anyway whilst reading the first 15 or so pages of this thread today, the price of AUD/JPY was at point B and I went "huh" and put my fibs on, only to see something awful similar to one of Mr. Pip's tutorial charts (on pg. 9 I think). So I watched the price touch 0.886 and pullback rapidly. I guess you could call that a textbook Gartley pattern, correct me if I'm wrong. I didn't go long of course since I don't trade harmonics (yet), but eventually the price reached it's first target at 1.13 and is going furher at this moment. Suddenly I got this almost euphoric feeling as if I had reinvented hot water LOL, it really felt great to see harmonics in action.
Ok wanted to hear your individual thoughts on the entry around point C. I know you've probably mentioned different entry rules at PRZ since pg.15 - and I'll get there - I just want to hear your opinions in this particular case since it's fresh. Rules on M15, lower M5, maybe even a buy limit at 0.886, etc...
So anyway whilst reading the first 15 or so pages of this thread today, the price of AUD/JPY was at point B and I went "huh" and put my fibs on, only to see something awful similar to one of Mr. Pip's tutorial charts (on pg. 9 I think). So I watched the price touch 0.886 and pullback rapidly. I guess you could call that a textbook Gartley pattern, correct me if I'm wrong. I didn't go long of course since I don't trade harmonics (yet), but eventually the price reached it's first target at 1.13 and is going furher at this moment. Suddenly I got this almost euphoric feeling as if I had reinvented hot water LOL, it really felt great to see harmonics in action.
Ok wanted to hear your individual thoughts on the entry around point C. I know you've probably mentioned different entry rules at PRZ since pg.15 - and I'll get there - I just want to hear your opinions in this particular case since it's fresh. Rules on M15, lower M5, maybe even a buy limit at 0.886, etc...