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Reply With Quotenot in my collection of powerful patterns ... but it's an M30/H1 so may offer a good entry from M1/M5.
Hi guys, there is a perfect 0.786 ABCD on the EURGBP on the 1H. If it fails it might go south !! What do you think? A look on the weekly might suggest a healthy pullback (especially after Draghi's comments).
not in my collection of powerful patterns ... but it's an M30/H1 so may offer a good entry from M1/M5.
Hi kor4x, thanks for your comment. What are for you the powerful patterns? In your experience simple abcd do have poor results? ThanksOriginally Posted by kor4x
Gartley and 121 pattern is forming on EURUSD M5
Week finished, each day on PLUS, on each account, not bad week
Best two locations for the butterfly pattern: FOREX Harmonic Trading: Best two locations for the butterfly pattern
Hi harmonic traders, there is a bearish bat on the weekly USDJPY (which had a monster rally).
There is also an indecision bar that has formed in the PRZ.
What's your take on this pattern?
According to my approach to harmonic trading this what you call above a Bat is not proper Bat pattern, as it's not in the proper chart/fractal location.
It's the same as the Gartley pattern location (which is explained in more details here: Gartley pattern and Elliot Wave theory) the bat pattern is the most powerful and R:R worth trading when formed as the first correction in a new trend, see -> Bat pattern and Elliot Wave theory
bullish butterfly on USDPLN update, perfect timining ->
Thanks kor4x for your very informative comment and links. Scott Carney doesn't seem to highlight very much this point in his books. Your webiste goes into harmonics in a very detailed manner. Really appreciate that. I know there is a thread about it but which authors and books do you recommend for harmonics?
Last edited by forexft; 02-10-2013 at 12:43 AM.
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