is 1 hour flag ?? or drop 184 pips either way ? lets see
Cable Update (GBPUSD)
- #419,244
- Sep 10, 2015 1:56am Sep 10, 2015 1:56am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} So which ways it going up ... or down -
- #419,245
- Sep 10, 2015 1:59am Sep 10, 2015 1:59am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} So which ways it going up ... or down -
- #419,246
- Sep 10, 2015 2:02am Sep 10, 2015 2:02am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} So which ways it going up ... or down -
- #419,248
- Sep 10, 2015 2:10am Sep 10, 2015 2:10am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
do greatly hope 1.516 will appear in few next hours
- #419,253
- Sep 10, 2015 4:15am Sep 10, 2015 4:15am
{quote} GU H4 GMT+2 buy limit triggered, previous candle is not mirroring the bulls, but the daily bullish belthold is doingprobably widening wedge is creating as an correction. Good luck! {image}
last long have got the BE.
follow the engulfing, the daily bullish belt hold is in the game.
buy limit .5369 sl 40pip...
Good Luck!
Anything is math!
- #419,255
- Sep 10, 2015 4:27am Sep 10, 2015 4:27am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} xcuse me for butting in here - but if memory serves one correctly harmonics, or bats wings, butterfly wings, etc are not fixed they move with the price but i believe that some traders believe that fibo and harmonics with s and r are tradeable but again just somethings i read be it right or wrong..
... That's just crazy talk ... Hombre ... 
... Who ever heard of Fibs, SR and Harmonics as trading methods? ... 
.... 
Good morning folks.
Ghost Rider - WWTBMD?
- #419,257
- Sep 10, 2015 4:34am Sep 10, 2015 4:34am
- | Additional Username | Joined Jun 2014 | 253 Posts
{quote} What?
What is Harmonic Trading? Harmonic Trading is a methodology that utilizes the recognition of specific price patterns and the alignment of exact Fibonacci ratios to determine highly probable reversal points in the financial markets. This methodology assumes that trading patterns or cycles, like many patterns and cycles in life, repeat themselves. The key is to identify these patterns, and to enter or to exit a position based upon a high degree of probability that the same historic price action will occur. Although these patterns are not 100% accurate, these situations have been historically proven. If these set-ups are identified correctly, it is possible to identify significant opportunities with a very limited risk.
One of the most comprehensive references to Harmonic Trading was outlined by J.M. Hurst in his cycles course from the early 1970s. His Principle of Harmonicity states:
The periods of neighboring waves in price action tend to be related by a small whole number.
(Hurst, J.M., J.M. Hurst Cycles Course, Greenville, S.C.: Traders Press, 1973.)
FREE Webinar - What is Harmonic Trading?
The important concept to grasp is that price waves or distinct price moves are related to each other. Futhermore, price patterns that are quantified by the alignment of precise ratios manifest these relationships, and provide a means to determine where the turning points will occur. When these turning points are identified correctly, trades are executed at a price level where the cycle is changing. Essentially, this type of trading is respecting the natural ebb and flow of buying and selling. In doing so, these trades are executed in harmony with the market. For example, when a stock is bought at this turning point, the majority of the selling that has driven the price down is very close to ending. Quite often, the harmonic techniques identify trades at or very close to the exact reversal point. It is important to note that Harmonic Trading works on any time frame - intra-day, daily, weekly or monthly charts. I believe the clearest trade opportunities, or "set-ups," appear on daily charts for position or swing trades. However, hourly charts provide excellent set-ups for shorter-term or day trades. It is also amazing that these methods work on longer-term charts, as well. Weekly or monthly charts are excellent measures of historically critical areas in the financial markets.
The most important principle inherent within the Harmonic Trading approach is the ability to differentiate various types of cyclical price action that adheres to specific structural and ratio conditions. Price fluctuations represent cycles of growth (rally) and decline (sell-off). Similar to many of lifes cyclical growth processes, these movements can be quantified by their relative Fibonacci ratio relationships and analyzed to define unique technical situations. In doing so, trades are executed at those areas where the natural rhythm of the market is changing.
- #419,259
- Edited 4:52am Sep 10, 2015 4:39am | Edited 4:52am
- | Additional Username | Joined Jun 2014 | 253 Posts
{quote} i dont mind makes for conversation,, i dont know, i dont or have not even looked into it, i am sticking to what i do as i think if,,or lets say like golf, you play half bad,, then you start playing 4 s weekly with a 2.4.and an 11 handicap players, then they all want to teach you how they play, al of a sudden your half bad game goes to shiiiiii?,, lol thats from experience lol hence why i stopped playing,,lol so stick to what you know as you said last week, 5678,, still plays on my mind ,, mum told me ?
- just glad i worked hard at it .. and can play with trading ..