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Reply With QuoteNo doubt! Tnx.
Ok, let me spell this out for you in basic terms.
In harmonic trading you are going to find that each harmonic pattern has a failure rate! your job is to identify which pattern is going to fail and why, so when you concentrate on just one pattern you learn about the characteristics of that pattern and over time you will learn why that pattern will fail, if every harmonic pattern didn't fail we would all be billionaires. There is no magic pattern! So your asking for data testing that doesn't take into consideration the location of the pattern in the trend, the form of the pattern as in time and price, fibonacci confluences, candlestick patterns, supply and demand levels, false breakouts, VSA.. etc etc I could go on and on.
Each pattern you are going to encounter is going to have a different context! It's your job to master that pattern in any context, to know when to pull the trigger and to know when to stay out. This is the realization you come to after you study! Kor has gone to great lengths to provide a learning environment so we can all prosper in harmonic trading, he has no other intention other than to help fellow traders, there are no ulterior motives and nobody is forcing you to do what he says, he is just trying to help, take it or leave it.
Does this answer your question?
No doubt! Tnx.
Nice 30 pips at gartley B resistance level, normally targeted for BE and taking partial profit at this moment.Originally Posted by lobogabor
This is not entirely true, meybe Kor4x criticizes, but every now and then he gives very usefull advice of which I personally am using
CadJpy H1 potential bat at vertical resistance and trendline down with an abcd confluence?
Any opinion?
What I do not like about it is the partial XA impilse leg. On the other hand the extended XA has a 61.8 retrace on the same level.
Pls comment.
Looks really interessant.
CadJpy H1 potential bat at vertical resistance and trendline down with an abcd confluence?
Any opinion?
What I do not like about it is the partial XA impilse leg. On the other hand the extended XA has a 61.8 retrace on the same level.
Pls comment.
Regarding the legs I thing they respect the bat configuration and I took trades that works with worse legs...
It's better to wait a little bit I think it will test the PRZ that I draw.
Waiting for the confirmation of the divergence to enter too.
Another comments?
Sorry here is my screenshot.
Regards
Tnx! You are right about the safer approach, plus the multiple confirmation.
sp500 patterns m30 and bit above there can be cypher.
Emerging 121 pattern on EURJPY. This may become a short opportunity with nice RR.
If price reaches the S/D zone within next 2-3 hours, this would confluence with the time cycle signal. Stronger the price reaches such level the better.
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