Interactive Trading Setups Disscussion

**stock333** · 08-02-2013, 12:42 AM

I agreetotally with KOR4X profitable trading is boring u have to waint till the formation exist is very close. It is not for us to become forture tellers on where a patter will form. The market will determine that. We need to be patience and jump on the harmonic pattern when there is one.

Originally Posted by kor4x

my 0.02, you are doing the same mistake as many amatour traders on the web, you try to force the pattern, you draw it when it's not really there, to draw something that meets maybe some fibo price retracements , but does not look harmonic at all.

my suggestion, study only 1 pattern, but study it well, very well, in every details possible ... join the harmonic winners and not amateurs.
there are planty of instruments, TFs, 1 pattern is far enough ... at least for a good start.

**kor4x** · 08-02-2013, 12:04 PM

From Nial Fuller: Good to ponder this:

80% of trading should be simple and almost effortless, 20% is more difficult
80% of profits come from 20% of trades
80% of the time the market is not worth trading, 20% it is
80% of the time you should not be in a trade, 20% you can be
80% of trades should be on the daily chart time frame, 20% can be other time frames
80% of trading success is a direct result of trading psychology and money management, 20% is from strategy / system

How The 80/20 Rule Applies To Forex Trading | Learn To Trade

**kor4x** · 08-02-2013, 12:12 PM

just took 1 Short trade today on EURAUD, set it to BE, but expect to get out during the News.
will not be trading more today...

... waiting for GBPUSD to make new Lows / failure the current M30/H1 butterfly bullish pattern.
... waiting for AUDUSD to make new Lows

while waiting I will work a bit on the strategies, anyway it's Friday

**sly_fox** · 08-02-2013, 01:18 PM

i have gbpjpy long shs +30 and still open
eurusd long
nzdusd long bat m15 ; ) waiting for us makro

**sly_fox** · 08-02-2013, 01:19 PM

oh btw audusd m5 b-fly but i still wait for 1.61

**sly_fox** · 08-02-2013, 02:14 PM

http://charts.mql5.com/2/183/usdchf-...tments-inc.png
what a good day ; )
+30 pips ; )

**lobogabor** · 08-02-2013, 05:35 PM

Hi Sly_fox. It was a good day, but I am not sure what was your trigger. Can you tell, was it just structure or NFS data on the way back, ot what?

**lobogabor** · 08-02-2013, 05:40 PM

AudUsd H1 bull butterfly still in PRZ @127 fib.

**sly_fox** · 08-02-2013, 07:37 PM

@lobo
http://charts.mql5.com/2/185/eurusd-...tments-inc.png
Now you understand?
There was strong support lvls so i decide for long on usdchf

**lobogabor** · 08-03-2013, 10:25 AM

Originally Posted by lobogabor

AudUsd H1 bull butterfly still in PRZ @127 fib.

Also AudUsd is potentially completing different bullish harmonics on different higher TFs - in a strong down with impulsive candles so far

. But can be worthwhile to watch.
Please comment.

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