Thread: Interactive Trading Setups Disscussion

I think one of the problems with trading failed harmonic patterns is how to define the SL.
Also our psyche is not helping here. It is much easier for our psyche to add to the loser than to take SL and revert.
Strict harmonic traders would not trade failed patterns.
But I think the PROs mixed-style traders would do reverse. In one of the webinars Mike Baghdady teaches that PROs use reverse often. Same is the lesson coming from "Zen in the Markets" (short book - but highly recommended).

I'm sure you don't usually take all the failed patterns and reverse. You probably pick the pairs that you know the best like the EURUSD and AUDUSD...

You are right, Silver. Not often.

How's the AUDUSD doing at the beginning of the week? Last week I had some horrible mistakes in my own trading. Learning, learning, learning...

I see it like this:


you guys?

I see the nice pattern you've got - so for example that blue top rectangle is your area of either stop loss / reverse pattern?

did you use any software to find the pattern or just found it with your naked eye on the 15min chart?

AMPmonitor Forex Harmonic Patterns | AMPMonitor and eyes :-)

looks like it was very good call ->