09-21-2012, 12:10 AM #831
Good day to all,
been stopped out. Regards!
09-21-2012, 01:43 AM #832
@tiago: thanks for sharing. Did not trade this week, however your candidates looked pretty good to me, and the R:R was encouraging.
09-21-2012, 01:18 PM #833
Good day kor4x,
Originally Posted by kor4x
Thanks!, it's great to know I'm not that off on my system, but I'm still struggling with profits though, I'm giving myself a deadline on DEMO account, going live on January, so I'm testing out a money management strategy. Thank you for the support kor4x, and I will keep posting my findings as you do!.
09-21-2012, 02:21 PM #834
you may want to consider these harmonic trading entry techniques (in this case for the Gartley pattern, but actually can be used for most of the patterns) -> Entry techniques for the Gartley pattern
09-21-2012, 02:31 PM #835
Good day kor4x,
Originally Posted by kor4x
Excellent!, Thank you for the support!, will revise it ASAP!
09-22-2012, 02:40 PM #836
Emerging Patterns >>
Hi all This is my First Post here on this Great Forum .. But have lot of question .. (1) Can i Imagine The (C) Point From a Pattern like this Picture ?!
thx for all
09-22-2012, 03:53 PM #837
IMHO it is useless to start looking at harmoni patterns when only X,A,B points are created. Too early. No point. Lost focus.
You may want to check this for more info -> Gartley pattern: Trade Identification
09-22-2012, 05:13 PM #838
cool .. So (C) Pint Should be there To Get (D) For Example that what was am thinking .. any way thx for info kor
09-24-2012, 01:15 AM #839
if anyone traces our progress on AMPindicator and AMPmonitor project you may want to see this from the latest AMP version 11 (AMP's emerging, completed and running patterns functionality based on butterfly bullish example).
09-24-2012, 03:38 AM #840
Candle open: bearish outside, above t05, w21ema below TL! w50ma
ADX: above 30 and flat = bullish but somewhat flat.
OSMA: Bullish rounding
Stochastics: bearish but above 80
UTF Stochs: bullish and wider KD lines gap compared to last week
Chart pattern: macro is downtrend line, medium is down channel wiht price failure, micro up move, super micro dark cloud cover
Moving averages: 200 flat price below, 50 flat price below, 21 2'oclock angle price above
Bias is turning with channel break failure, so backin a range in terms of context indicators mixed.
Weekly Action plan/ chunk.
if tl holds as resistance, trade down to mr1, w21 cluster
if *mr1, w21 cluster breaks and tests as new resistance, trade down to 1.2445 mpp
if 1.2445 mpp breaks and tests as new resistance, trade down to ms1, env cluster
if ms1, env cluster breaks and tests as new resistance, trade down to 1.2116 july low.
if mr2 w50, tl cluster holds as support, *trade up to m21,env, mr3 cluster
if m21,env, mr3 cluster breaks and tests as support, trade up to w200ma, env cluster (being aware that the macro TL is on the way)
if either macro tl OR w200ma, env cluster breaks and tests as support, trade up to oct 2011 high
1.2765/15 - mr1, w21 cluster
1.2445 - mpp
1.2261 - ms1, env cluster
1.2116 - july low
1.3218/69 - m21,env, mr3 cluster
1.3466/3599 - w200ma, env cluster
1.3351/70 - DTL
1.4148 - oct 2011 high
Candle open: inside open above 50% of green doji body above 21ema below wtl, inside t05 above 261.8 = ranging bearish open
ADX: - > 30 falling = ct
Stochastics: M pattern bearish suggests longer down move
UTF Stokes: bearish kd gap wider from last week.
Chart pattern: ct pullback
Moving averages: 200 21 50. 21 200 flat price above, 21 2-3 o'clock price above, 50 2-3 0'clock price above overall bullish picture
Volume: slight bearish
Bias is CT pullback mild brearish.
Daily Action plan/ chunk.
if tl, /or wpp holds as resistance, trade down to channel tl d200ma, d21, 200.0 cluster
if channel tl d21, 200.0 cluster breaks tests as new resistance, trade down to lower channel tl, 1618, w21 cluster
if lower channel tl, 1618, w21 cluster breaks tests as new resistance, trade down to 138.2, ws3 cluster
if 127.8, ws3 cluster breaks tests as new resistance, trade down to 1.2449/42 mpp 0.0 fib cluster
if tl d200ma, d21, 200.0 cluster holds as support, trade up to 224.0, mr2 cluster
if 224.0, mr2 cluster breaks and tests as new support, trade up to 2618, wr1 cluster
if 2618, wr1 cluster breaks and tests as new support, trade up to wr2, mr3, 314.16 fib cluster
if wr2, mr3, 314.16 fib cluster breaks and tests as new support, trade up to macro tl, wr3 cluster
1.2858/27 - tl d200ma, d21, 200.0 cluster
1.2715/2690 - lower channel tl, 1618, w21 cluster
1.2622/2595 - 138.2, ws3 cluster
1.2449/42 - mpp 0.0 fib cluster
Le Resistance *
1.2940/53 - 224.0, mr2 cluster
1.3091/3127 - 2618, wr1 cluster
1.3269/3301 - wr2, mr3, 314.16 fib cluster
1.3379 - macro tl, wr3 cluster
Last edited by nopi240; 09-24-2012 at 03:49 AM.