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Reply With QuoteEurUsd h4 looks like shs.
Sorry answered YES,but got out early at BE.. but did not reference your message.Originally Posted by abdelaziz46
I re-entered, since I suppose JPY to get stronger based on this pair harmonic pattern, as well as, other JPY (UsdJpy and EurJpy) pair harmonics at the moment.
EurUsd h4 looks like shs.
OK for me it's still valid too. I entered at 94.85 and have 25pips stop. We'll seewhat happens !!!
entry level was reached on EURJPY today, lets see if it's going to play out:
Harmonics Tube: EURJPY entry level reached
by a bad fibo placing i very nearly of this cypher
AudNzd 60 min forming protential bull bat at horizontal and inclined supports. On this B level would expect a BAMM rush to D first.
Last edited by lobogabor; 08-14-2013 at 07:51 AM. Reason: correction
hi,AudNzd 60 min forming protential bull bat at horizontal and inclined supports. On this B level would expect a BAMM rush to D first.
you trade a lot with bamm (bat attractive magnet move ?)..., it would say in CD leg,after cross reached the B point from C, is targeting "magnectily" by D point ,wouldnt it?
Last edited by paulselvan; 08-14-2013 at 08:04 AM. Reason: err
I'm also interested in this bamm strategy discovered by scott Carney, could you please telle us which confirmation method do you use to enter the trade???
Regards
Carney writes it is a smaller, but high probability entry within a pattern. Harmonic breakout he calls it. Entering on the CD line, when the price break the level B of the ABCD towards the PRZ.
What I was looking, the price first of all has to close below the B level of the ABC i.e. the B of the pattern. This is a more agressive entry. On the backtest of the B level there is a less aggressive entry, but in many cases one will miss a straight move to the PRZ. One must see it /test it before committing to this technique. One more comment I remember made about this simpler bamm theory, a higher TF trend does not hurt - as usual.
I attached the previous audnzd example of mine.
I hope it helps.
took profits on EURJPY, as expect a up move in some minutes.
if this is not happening will reenter with shorts.
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