ricacuzo
Junior Member

Originally Posted by kor4x

Failed or not failed harmonic pattern depends on the size of SL and TP. This means depends how you trade harmonics and where you position your SL and TP.
Also, failed pattern does not necessary mean lost money or lost opportunity. You can for example check this thread -> http://tradingarsenal.com/market-geo...-negation.html where trading failed Gartley pattern concept is presented.

This means I am not able to easily explain/answer

Read More

Originally Posted by kor4x

you could see lots of failed harmonic patterns from Forex Harmonic Patterns | AMPMonitor where in live patterns/history section we present both successful and failed cases.

If there are a lot of failed harmonic patterns, as kor4x says, does it means that harmonic patterns are not RELIABLE??. If so, the strategy would be to complement it with drapichrust is trying out with trusted "turns" at the Gann square of nine ???