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Thread: Interactive Trading Setups Disscussion

  1. #2531
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    Hi all,

    Hope you are well!!!

    I wanna have if possible some opinions regarding where you put your SL for a Cypher pattern??? I started trading this pattern from a couple of week and I have serious problems in placing the sl. I tried some formulas with the sl just above or below the next BC projection, (if the price bounce on the 113 I put my stop after the 127), but I still don't have a good percentage of winning trades... So please if anyone can give me his own opionion ???

    Thanks a lot in advance

    Regards

  2. #2532
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    Quote Originally Posted by abdelaziz46 View Post
    Hi all,
    I wanna have if possible some opinions regarding where you put your SL for a Cypher pattern???
    Regards
    abdelaziz, I have learnt to place stop X+spread+ x pips.
    This is what I am currently trying to reduce.
    There will be a 1 week free traing coming up at end of Sep, from the guys who train harmonics very convincingly. If you have never spent time on their training, I do strongly suggest you not to miss it this time!
    Here is the link:
    Forex Trading Workshop
    It will be 2 hrs every day starting around 14.00 CET, but you will get details as soon as you register I guess.
    I also found sometimes their cypher training video on one of the blogs, but for obvious reasons that has diseppeared very soon after .
    Have a nice weekend!
    kor4x likes this.

  3. #2533
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    Quote Originally Posted by lobogabor View Post
    abdelaziz, I have learnt to place stop X+spread+ x pips.
    This is what I am currently trying to reduce.
    There will be a 1 week free traing coming up at end of Sep, from the guys who train harmonics very convincingly. If you have never spent time on their training, I do strongly suggest you not to miss it this time!
    Here is the link:
    Forex Trading Workshop
    It will be 2 hrs every day starting around 14.00 CET, but you will get details as soon as you register I guess.
    I also found sometimes their cypher training video on one of the blogs, but for obvious reasons that has diseppeared very soon after .
    Have a nice weekend!
    Thanks a lot Lobogabor,

    Yes I'm register in this worshop end september it will be amazing. I'm currently following these guys for a while now and it seems that they place the SL on the fibo 113 of XA. Which is safe I think but the probleme with this technique is the R:R which becomes really low...

    Thanks for your answer

    Regards

  4. #2534
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    Quote Originally Posted by lobogabor View Post
    abdelaziz, I have learnt to place stop X+spread+ x pips.
    This is what I am currently trying to reduce.
    There will be a 1 week free traing coming up at end of Sep, from the guys who train harmonics very convincingly. If you have never spent time on their training, I do strongly suggest you not to miss it this time!
    Here is the link:
    Forex Trading Workshop
    It will be 2 hrs every day starting around 14.00 CET, but you will get details as soon as you register I guess.
    I also found sometimes their cypher training video on one of the blogs, but for obvious reasons that has diseppeared very soon after .
    Have a nice weekend!
    Have a nice weekend tooo

  5. #2535
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    Quote Originally Posted by abdelaziz46 View Post
    Thanks a lot Lobogabor,

    the R:R which becomes really low...
    Regards
    Again, I just can quote: R/R for TP1 must be minimum 1:1, preferably better. If not, do not take the trade.
    As I calculated, even for 1:1 at 38,2 TP1 it does not give me a warm feeling, since TP1 is half the profit at TP1 (compared to a SL) with BE on the other half. So take your calculator and check how many TP2 needed to be profitable.

  6. #2536
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    Quote Originally Posted by lobogabor View Post
    Again, I just can quote: R/R for TP1 must be minimum 1:1, preferably better. If not, do not take the trade.
    As I calculated, even for 1:1 at 38,2 TP1 it does not give me a warm feeling, since TP1 is half the profit at TP1 (compared to a SL) with BE on the other half. So take your calculator and check how many TP2 needed to be profitable.
    I absolutly agree... I never take a trade with a lower R:R than 1:1. I was taking a minimum of 1:2 but I was too many times stopped by the Sl.... so I prefer lowering my R:R and win more trades... Will see.....

    Thanks for your help

    Regards

  7. #2537
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    Quote Originally Posted by abdelaziz46 View Post
    I absolutly agree... I never take a trade with a lower R:R than 1:1. I was taking a minimum of 1:2 but I was too many times stopped by the Sl.... so I prefer lowering my R:R and win more trades... Will see.....

    Thanks for your help

    Regards
    With my harmonic patterns my R:R is usually around 10:1 and more. It's easy if you look for pattern on M15 - H4 and you enter from M1-M5. The difficult part is to keep position till TP is reached. Psyche as always. Difficult part.
    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

  8. #2538
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    Oct 2011
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    Quote Originally Posted by lobogabor View Post
    abdelaziz, I have learnt to place stop X+spread+ x pips.
    This is what I am currently trying to reduce.
    There will be a 1 week free traing coming up at end of Sep, from the guys who train harmonics very convincingly. If you have never spent time on their training, I do strongly suggest you not to miss it this time!
    Here is the link:
    Forex Trading Workshop
    It will be 2 hrs every day starting around 14.00 CET, but you will get details as soon as you register I guess.
    I also found sometimes their cypher training video on one of the blogs, but for obvious reasons that has diseppeared very soon after .
    Have a nice weekend!
    thanks for sharing this, the trailer looks cool!
    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

  9. #2539
    Senior Member
    Join Date
    Jun 2012
    Posts
    420
    Quote Originally Posted by kor4x View Post
    thanks for sharing this, the trailer looks cool!
    kor I have not even watched it until you told me, but agree, looks cool.
    They provide a better training than the trailer, I hope their video production effort to get to Hollywood, will not decrease their focus from training quality though
    Have you ever participated in their free stuff?
    Jason Stapleton was always against EAs and harmonic indis, nowadays interestingly both are coming into their business somehow + the video production
    Last edited by lobogabor; 09-20-2013 at 10:25 PM.

  10. #2540
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    @lobogabor: I have seen maybe three videos of Jason where he was described a pattern on live chart. He is very good speaker and what he was saying makes sense.
    lobogabor likes this.
    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

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