Thanks a lot all for these explanations... I neither traded the news but I was thinking on my open trades and what do I have to do... Like you said guys I will not close it before my tp is hit or my sl because of fear...
Thanks
Regards
Thanks a lot all for these explanations... I neither traded the news but I was thinking on my open trades and what do I have to do... Like you said guys I will not close it before my tp is hit or my sl because of fear...
Thanks
Regards
Harmonics Tube - daily trading setups based on harmonic patterns
Forex Harmonic Trading - Harmonic trading practical tips, tricks and hints
AMPmonitor - harmonic and price patterns recognition Scanner that I use
TradingArsenal Quiz project - best edu material regarding the Harmonic Patterns Trading
Okay. very thanks.
@abdelaziz46 we did good on GBPJPY![]()
Harmonics Tube - daily trading setups based on harmonic patterns
Forex Harmonic Trading - Harmonic trading practical tips, tricks and hints
AMPmonitor - harmonic and price patterns recognition Scanner that I use
TradingArsenal Quiz project - best edu material regarding the Harmonic Patterns Trading
Not the best example after NFP and shown on M1, but could serve for trying to figure it out. I have placed also a stock pic M30 with some lines for the smallest 2-3 waves.
The different colors are shown for different last waves (I count 5-6 waves by color here). Each one has a starting impulse and its current/latest retracement/extension line. The indi dinamycally showing the fibret and fibex levels of those waves, the smallest wave data being closest to the end of the graph, and the biggest being the futhest.
I do not use it, so I can give only my interpretation to it... check the attached pics out.
If you find any use for spotting entry exit points with it, please let me know.
It helps to spot two things for sure
- last wave(s) range and fibret/fibex status
- fib confluence levels for those different size (or TF) waves
Very dinamically changing, so it is a tool to use close to the moment in my opinion.
Also just by looking at it - you want to check it out from the higher level perspective for direction. I have not seen rules posted yet on this topic.
I could think of it as placing an "autofibo.mq4" indi on the chart 5-6 times with different "band settings" values and an offset by X.
Last edited by lobogabor; 09-06-2013 at 05:07 PM.
..eurjpy,gbjpy,usdjpy..all, like a fashion parade![]()
hello friends
..this week balance sheet:
as said at the begining of the week :
xxxusd bullish : ok
short eurusd : ok
-----------------------
3/5 hpk
2/4 chartisme win
1 wolfe on move..
-------------------------
next week :
chf is selling...focus on chf pairs
Hey Kor4x Your are right![]()
![]()
I'm still short... Will try to get my first Tp at 153 at the 38.2 Fibo... The price Bounce on the 23.6...
Hope that it will continu decresing!!!
Did you take your profit??? I really have trouble with a trade with a lower R:R than 1:2... I still disn't find a good strategy for that... How do you manage your money for swing tradings??? Of even small TF patterns? When you get a Tp at 20pips and Sl at 20 too... It would be grateful if you can give me some advices???
Thanks a lot
Regards