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Reply With QuoteGold "Gartley" pattern, ...there was a nice, low risk entry on both red arrows, now price would have to retrace to the last arrow level before I consider an entry.
"Old Bilbo: My dear Frodo, you asked me once if I had told you everything there was to know about my adventures. Well, I can honestly say I've told you the truth, I may not have told you all of it."
Gold "Gartley" pattern, ...there was a nice, low risk entry on both red arrows, now price would have to retrace to the last arrow level before I consider an entry.
We know Korrie, but still we are grateful for everything you did share with usOriginally Posted by kor4x
Price action is lagging
Happy to hear, mate. Thanks.
All takes time. Each journey takes time ... but if you like journeys it is good FUN.
Dan Millman: The journey is what brings us happiness not the destination
;-)
USD/JPY shaping up with a pretty strong AB=CD on the 4h. What do you guys think?
This is kinda what I'm thinking:
I do not see any good reasons to short USD...
I am happy it goes up actually, according to my previous prognoses.
I agree with that. Sure seems as though the USDJPY is due for a correction though, and it's at major resistance. A pretty substantial corrective move seems inevitable don't you think?
I do prognose less and less each single day. I am looking for high probability turning points and trade there. If I lose I lose relatively little, but when I am right I am with my entry in the very beginning of a new trend. That's what harmonic/geometry trading is about.
I had this in the past - waiting for correction that never arrived (or at least not early enough). We all know how it finishes :-) ...anyway -> bad.
It seems that this thread is the only place lately where I post and comment harmonic trades, so if you have a question/idea/advice I recommend you post it right here ...for the fastest response.
Many people contact me asking about possibility to join our Harmonic Trading skype group. Actually the groups that I am participating in, although initially intended to be harmonic trading, often drifted away from original ideas into EAs/Ichimoku/??!??/general discussions. People come and leave. Start and stop there trading journeys.
We are forming new pure Harmonic/Geometry Trading Skype group, but we apply a pre-selection/pre-validation before inviting a new person - just to have the serious traders there, people that are willing to share/work & learn in community/grow ... no more kindergardens. If seriously interested you can drop a message to TRADINGARSENAL skype account.
btw: I am looking for someone with HTML+PHP development experience that would be interested to help a bit with my new idea.
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