Thread: Interactive Trading Setups Disscussion

Originally Posted by kor4x

EURJPY H1 bullish shark, waiting for price to move a bit lower before the entry.

Hi kor4x, what is your expected minimum entry level or PRZ there?
It looks like shark 113 and BC fibex minimum 161.8 ext has a nice confluence at 130.96 level. Is it right?

Originally Posted by lobogabor

Hi kor4x, what is your expected minimum entry level or PRZ there?
It looks like shark 113 and BC fibex minimum 161.8 ext has a nice confluence at 130.96 level. Is it right?

entered long already on EURJPY, 2p from the bottom, +25pips so far so moved on BE.

Originally Posted by kor4x

entered long already on EURJPY, 2p from the bottom, +25pips so far so moved on BE.

Congrats!
Would you pls. post the pic of the shark?
I also have a D1 bull cypher there - posted earlier - (D around 130.97)
Here is what I see:

pls share yours so I can see what is same/different.

here it's the pattern i was referring to above, the shark pattern, EURJPY M15 ->

Originally Posted by Admin

here it's the pattern i was referring to above, the shark pattern, EURJPY M15 ->

Thank you! I do see a nice internal confluence there of the 5 point pattern as well, my question was coming from may be we have different definition of shark?
Here is mine, and I look at the same shape and timing I think:

The shark minimum requirement of the XC retracement for D 88.6 is met at BC fibex 127.2% nicely match up. My definition of shark however (as I find it in the literature) would require minimum BC fibex of 161.8% (up to 2.0-2.24 depending on source)
Here is the definition of one source..

This is what raised my question:
- is my spec wrong or different from yours?
and I think this is the basis for the question, no doubt about it working out acceptably, just looking for an understanding in this matter.
Any thoughts? Pls comment.

you are right, some people define the bullish shark as on your picture above (D point lower than X), but also the second version of shark is where D point is above X.

This is however theory only (at least for me). The same as we have Gartleys with B point much lower than 61,8 (78.6 and even 88.6), we have sharks with B point lower (like 61.8 for EURJPY scanario).

I came to realize some months ago that my harmonic trading should be called harmonic, as my style is very much different to what others HT traders describe. Harmonic traders (as I see) use price analysis and Fibonacci ratios confluences (to define the price PRZ).
I combine price and time analysis and time is actually much more important for me than anything else. Therfore some patterns that I trade do not meet properly the book-like harmonic patterns definition. They meet my definitions. They are based on price x time analysis on several timeframes in the same time. Seems like must find a proper name for my trading style

Hi kor4x, can you explain little bit about time, what it is most important for you?

Originally Posted by FatTony

Hi kor4x, can you explain little bit about time, what it is most important for you?

was answering this already in this thread, you may want to check the history