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Thread: Harmonic Journal

  1. #31
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    Quote Originally Posted by kor4x
    it's not so much about exact time Fibo relations but about overall pattern beauty and its location.
    so what was so beauty about this last EURGBP Butterfly which you traded?

  2. #32
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    yes, was (maybe not perfect but) good looking enough for me. And it's location/confirmations gave me the edge.

  3. #33
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    trade bearish formation on GBPUSD H4, opened in thursday 01.03, first TP on 38,2 in friday afternoon, today close rest of position near 61,8

  4. #34
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    nice one!! i ve spotted this pattern only this morning!! was too late :P

  5. #35
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    little update, bullish formation on GU, it was long trade (5 days), was little bit worry coz price found resistance and greed force me to close half of position, but it turns out a nice winner and second half hit TP, but not original 61.8. I guess waiting 5 days is not enough patience :P


    and this week trade on EU bearish formation ?gartley/butterfly?
    was very sceptical about this formation when it completed on late friday, but on monday morning PA was looking good on FE100 so i've entered, still not fully sure if that was right choice, any thougths on this one?
    sunpost likes this.

  6. #36
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    was little bit worry coz price found resistance and greed force me to close half of position, but it turns out a nice winner and second half hit TP,
    are you sure you exit because of greed and not because of fear ?

    nice entry and exits on GU, mate!
    but the EU entries were risky,
    - why did you enter after such rallies?
    - you were lucky about first one, but with second you had to stand significant dropdown, based on what you decided to keep the second position sooo long?

  7. #37
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    Quote Originally Posted by kor4x
    are you sure you exit because of greed and not because of fear ?
    maybe it was fear ;-)

    - why did you enter after such rallies?
    why not? got pattern, there was little bit of confirmation, first i wasnt gonna trade it, but later when i saw PA stalled at this lvl i give a try
    - you were lucky about first one, but with second you had to stand significant dropdown, based on what you decided to keep the second position sooo long?
    iam currently reworking my SL strategy, so lately i dont have SL at all, i have entered also on 1.27XA and was waiting for 38.2 retrace which was few pips below first trade, but it didnt worked out

  8. #38
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    iam currently reworking my SL strategy, so lately i dont have SL at all
    share your conclusions please.

  9. #39
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    my conclusion is nobody likes when you got hit SL on winning pattern ; )
    sunpost likes this.

  10. #40
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    well, someone can say that if the pattern is winning you should not get your SL hit, as this SL level should be never reached by price.

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