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criticize my trades
Hello ppl. im quite new to this forum and harmonic trading. have been doing it for a few weeks now. i really think that this forum has a vast amount of knowledge regarding harmonic trading. what i will be doing in this thread is post my trades mostly the losing ones primarily for anybody in this forum to criticize. I believe that we can learn more from each other.
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I had this bear bat in the usdcad 30m chart. entered at 9:15 est at 88.6xa, targeting b point. daily chart says triangle range. was planning to take it as a bat and if it fails take another shot as a crab. well, market pushed through and it seemed to have respected the 113xa level and went on to do an alternative bat pattern. your criticisms are much appreciated.
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one of the things that counts in harmonics trading is the moment of the entry, optimal entry so your SL is small and TP is high. In bat pattern wait for 88.6, at least. Note how the price aproaches the level. Faster is comes-the better. Check chapter about Sam Seiden's Supply Demand concept. It opens the eyes.
Focus on best entry for a while, see the progress in your trading, ...and i will give you another hint :-)
all the best!
kor4x
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bear bat. Market condition daily triangle 15m range down. entrybet 886 xa and Entry141.4abc. got stopped out but 121 pattern was anticipated reshorted the cad.
i was contemplating to move sl to break even after i have covered 1:1 of risk to reward however if i had done that with the cad bat position. it would only giv it a few pips to create any move.
criticisms are encouraged.
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if I understood you correctly: You entered the bat bearish and got stopped (your SL was on point A price level) and you went short again on 121 bearish.
If you can set so korHarmonics shows you the emerging patterns.... If you would see emerging 121 pattern you would probably not enter the bat bearish, but waited till 121.
Look for confluence of the patterns. 2 patterns giving same entry place works nice.
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@nopi: btw: this bat is not drawn properly for me (would move B to the left). Look for more symteric patterns, where B point is in the center of the pattern. Look for proper wave degrees.
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i see. thanks for the tip. that was why i was wondering why sometimes some traders don't take the actual lows and highs and choose an alternate h/l for pattern symmetry. thanks bro.
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there are lots of opportunities each day. select the best ones.
kor says: "longer you delay with your entry the better RR you will have"
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