my opinion: predicting so much to the future brings more problems than benefits. Better to jump on the pattern when it's close to completion. For example in AMPmonitor we set 65% for emerging, meaning that Monitor will draw the pattern when it's completed in 65% already. This gives far enough time to look at it and decide it's an opportunity or not.
@paulselvan, kor4x: What are yours idea about SL for external HP?
Maybe other have also any idea?
external HP I guess he means external harmonic pattern
which is butterfly (that is great) and crab (that I do not trade).
mastering the Gann (potential end of the swing) and looking for precise entry based on for example candlestick pattern, offers super small SL and huuuuuuuuuuuuuuuuuuuge potentials.
what's today on my radar screen today:
AUDJPY to potential Long tomorrow
EURGBP for potential Short tomorrow