From 1.03 till today, it gives me 4 losses and 1 winner in total. My account growth +13%. Let's see what the comming days will bring.
It's never the same to be honest, but I always want to keep my r:r high. Some trades I enter with 4:1 r:r, some with 11:1. Every setup is different, there is no "automatic" way for me to enter a position, I tried it in the past, and every month I was losing.
I totally agree with you. Do you usually look for smaller patters at the completion of larger patterns which enables such a high risk to treats ratio?
This is a very interesting scenario pal. When you have for example Bat pattern on h4, and you see a gartley on m15 in the same time, imagine your R:R when you put SL on the m15, and target on h4
yes, it is only this month
this is a brilliant way to do it, I noticed, that trendlines on higher timeframes work as a charm. many people don't pay attention to it, because trendlines are so "basic". You know what? The more complicated you try to do it, the bigger full you are going to make of yourself. KISS - keep it simple stupid. I think your way of building the setup, finding harmonic or strong confirmation on higher TF, then going to the lower one to seek for another harmonic pattern, is a 'can't lose system'. keep it rolling!
observe this bat pattern, I decided to stay away, because it was a little bit too big for me, but for those who entered it right, it can be a huge winner:
btw, my risk:reward on this trade would be 19:1, so probably I fucked up not taking it but my rules are clear, this one was looking to big for my definition of trade entry.