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Thread: Harmonic Journal

  1. #21
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    Quote Originally Posted by kor4x
    btw: note the internal ab=cd inside the CD swing.
    so even if you took SL on your first trade you could have a good reason to re-enter again.
    I've noticed that internal AB=CD but it was not completed, I wanted to reenter when butterfly would completed but it never reached 1.27XA which is I think what makes butterfly, or am I wrong?

  2. #22
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    A little higher than 127, i ve entered at 1.8432, placed sl at 18760, i know it's not a good r:r but the price was already at the second tma band, plus it was a 4h tf resistance from 8 feb. so i thought that price wouldnt go higher than that... in fact it didnt

  3. #23
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    Quote Originally Posted by kor4x
    btw: note the internal ab=cd inside the CD swing.
    so even if you took SL on your first trade you could have a good reason to re-enter again.
    I've noticed that internal AB=CD but it was not completed. I wanted to re-enter when butterfly completes but he never reached 1.27XA level which is i think makes butterfly, or am I wrong?

  4. #24
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    @drapichrust: according to my personal rules, the tradable butterfly does not have to reach 127% for XA retracement. There are beautiful butterflies with 113% retracement.
    In this case we had several geometries, and ab=cd and 113% so it was the geometric opportunity for the Short trade.

  5. #25
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    also, it was 113 of xa and 192 of bc, and i've noticed that 192 it's a very good reversal point for butterflys

  6. #26
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    @kor4x Iam confused... what if you entered on 1.13XA with SL on 1.27XA, got stopped because price goes higher, would you reenter again?

    p.s. sorry for double post

  7. #27
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    @darpi: one more comment after i had a look at your Harmonic Journal
    i got an impression that you care too much about Fibo price relations and not enough on the time relations. For me harmonic pattern is a pattern that looks beautiful for the eyes.
    Fibo price is not enough.

  8. #28
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    @korax, how exactly do you measuring time? only with eyes? or fibonacci time zone?

  9. #29
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    @kor4x I try to care bouth time and price relations, can you tell what kind of time relations you looking at?
    @kidrock82 thx, for insight

    I starting to realise that that all just a matter of experience from long observations than theoretical patterns as they say...

  10. #30
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    @kor4x I try to care bouth time and price relations, can you tell what kind of time relations you looking at?
    it's not so much about exact time Fibo relations but about overall pattern beauty and its location.

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