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look at the image, there is a cool setup on eurusd H1 chart.. but I forgot 1 thing: What does it mean "TB" lines? (on the black arrow on the right)
FYI:
Ziemo prepared Harmonic Grid trading system description -> Harmonic Grid Trading System - Volcano Setup
new TradingSystems thread was created -> Trading Systems
look at the image, there is a cool setup on eurusd H1 chart.. but I forgot 1 thing: What does it mean "TB" lines? (on the black arrow on the right)
5MIN BULLISH BAT with unconfirmed Exaggerated Divergence on the 1HOUR
fyi: we start the Gann sub-project -> Gann trading - market turns timing - price projection
if you have Gann trading experience join the groupsee you!
Good day to all,
we are closing in on third PRZ I mentioned last week, Fib Time Zones are limit ones now (vertical lines), and closing in on a Demand zone.
D point with XA 88.6, BC ext 314.0, AB=161.8CD.
Check out also 100MA is lateral, RSI showing divergence, CCI and Estochastic presenting possible overbought condition.
Its a good level IMO.
Risk 1% as always TP 1 40, and trailing stop from there.
Best Regards,
@tiago, thanks.
let's see if price will reach these levels...
since I am observing/trading lower TFs, I will probably look for Longs earlier ...anyway, always good to be aware of the higher TF.
Ziemo published today his second system idea description, this time for harmonic patterns trading using martingale sized entries... check it out -> Harmonic Martingale Entries System
Good day to all,Originally Posted by tiagolopez6
Good day to all,
we are closing in on third PRZ I mentioned last week, Fib Time Zones are limit ones now (vertical lines), and closing in on a Demand zone.
D point with XA 88.6, BC ext 314.0, AB=161.8CD.
Check out also 100MA is lateral, RSI showing divergence, CCI and Estochastic presenting possible overbought condition.
Its a good level IMO.
Risk 1% as always TP 1 40, and trailing stop from there.
Best Regards,
closing my TP2 on 80 pips now,good trade you guys, good trade. BTW, I used the pattern as confirmation, but my entry was based on D&S.
Regards to all!
Last edited by tiagolopez6; 10-30-2012 at 01:51 PM. Reason: forgot image
@tiago: price did not reach your entry level and you already taking TP2
@John,
look at the image, there is a cool setup on eurusd H1 chart.. but I forgot 1 thing: What does it mean "TB" lines? (on the black arrow on the right)
These are the Fibo retracements from the formed 121 pattern. Take a closer look at them.
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