Thread: Harmonic Journal

update: 3 trades from thursday

bullish butterfly AUDUSD H1


bullish gartley/bat NZDUSD H1


bearish butterfly USDCAD H1

congrats mate, you did much better than me with AUDUSD :-)

thx : )

you did much better than me with AUDUSD :-)

how is that?

update: 3 trades from 03.27
Bearish Bat EURJPY H1


Bearish ABCD EURUSD H1


Bearish Butterfly GBPUSD H1

Sorry for not updating for a long time but i was sitting on couple of nasty trades ;p

Bullish Bat on EURUSD H4 which turned into Butterfly, I was observing it on H1 and at first consider closer X point, later i realise that on H4 i can use other- further X point which bring more sense for this dropdown, anyway I didnt play it very well, I was scared of overall situation because I was also sitting in LONG on EURJPY and EURGBP, plus my bad judgement of situation makes that I set SL in place where i should be opening second trade which would average my exposition, but this trade was not that nasty as next one on EURJPY...

...this one I've also observed on H1, first i saw only a butterfly which emerge in CD leg, but when price didnt stop and fall down more i was like " wtf is going on?" and then saw bigger Bat on H4 -.- another bad judgement.
I am not showing my trades coz I am shamed of them, and that I played so bad :P all you need to know is that i overleverage and have nasty drawdown on this one.

There is possibility that it will be alternate bat 1.13, I am already looking for enter at H1 where you can find nice bullish ABCD, we will see

whats yours thoughts on this two bad boys?
drap

how they say: when you enter a trade you have a reason for the entry, when this reason is not valid anymore you should not stay in the trade.
this is also very good point: "I set SL in place where i should be opening second trade." I think it's common. We lost on the first entry and afraid strong moves against this losing position. And according to Sam Seiden teaching, strong move against us can be good place to enter (in this case 2nd entry).

as i said bullish ABCD EURJPY H1

I've had idea to leave position on BE and try achieve TP from this big 1.13 bat on H4 (from my last post) but I sticked with my strategy and closed on 61.8 ret of ABCD

@drapichrust, you have very good entries i would say, i can see it also on all previous sceenshots you attached, even if pattern fails (at the end it's not important).
I would say that if you work now on defining your TakeProfit targets/rules and money management rules, your equity curve should skyrocket.

For this ABCD pattern what type of confirmations did you use? Anything more than swings geometry?