Page 1 of 2 12 LastLast
Results 1 to 10 of 18

Thread: My Harmonic Journey

  1. #1
    Junior Member
    Join Date
    Nov 2011
    Posts
    17

    My Harmonic Journey

    I have just started using Harmonic patterns. For the past month these patterns have been very profitable with confluence with Supply and demand pivot levels. Here is an example of a trade i took minutes ago. Any feedback would be greatly appreciated.

    [IMG][/IMG]
    Last edited by bunda_king; 11-03-2011 at 08:47 AM.

  2. #2
    Junior Member
    Join Date
    Nov 2011
    Posts
    17
    [IMG][/IMG]

  3. #3
    Junior Member
    Join Date
    Nov 2011
    Posts
    17
    Final Profit taken at supply plus bearish engulfing pattern and a slow down in liquidity.

    My Harmonic Journey-123.jpg

  4. #4
    Senior Member
    Join Date
    Oct 2011
    Posts
    156
    nice one bunda king! an interesting idea to look at pivot lines, I used them long time ago and I've almost forgot about them :P

    supply/demand levels are great, but I see you use indi for it? I used to use indi too, but last time I finally got a conclusion: the more indicators are on my chart, the less I see.
    So now after looking on Sam Seidens videos I try to draw them manually, it really helps to "feel" the price action.

    I will definitelly follow your thread

  5. #5
    Senior Member
    Join Date
    Oct 2011
    Location
    Italia
    Posts
    273
    Hy budda, i have entered in the same point as you, but i moved the sl manually, until 1.3794, it seems to me that you have closed on the 100 fib ratio, is that right?

  6. #6
    Junior Member
    Join Date
    Nov 2011
    Posts
    17
    yes I do try to take some profit at Supply and demand levels, but a great way is take profit at fib levels. I best thing is to draw them manually, but I just use the indi as a reference.
    Last edited by bunda_king; 11-04-2011 at 04:11 AM.

  7. #7
    Junior Member
    Join Date
    Nov 2011
    Posts
    17
    Late entry but here is a trade I took DEMAND + Harmonic pattern. By the way I am not cherry pic trades. I will also show my losses.

    My Harmonic Journey-1.jpg

  8. #8
    Junior Member
    Join Date
    Nov 2011
    Posts
    17
    Doing a proper analysis of price action will allow you to be able to enter in late with minimal draw down.


    Did not enter my full position on first entry so I scaled in more at 1 min demand + 38 fib level and trend line confluence. There was not a Harmonic pattern but took it anyway.

    My Harmonic Journey-12.jpg
    Last edited by bunda_king; 11-04-2011 at 04:39 AM.

  9. #9
    Junior Member
    Join Date
    Nov 2011
    Posts
    17
    Rule # 1 MAKE MONEY

    Rule # 2 MAKE MONEY

    Rule #3 DON'T GIVE BACK THE MONEY YOU MADE

    My Harmonic Journey-123.jpg

  10. #10
    Junior Member
    Join Date
    Nov 2011
    Posts
    17
    Entry - Supply n Demand + pattern

    My Harmonic Journey-1234.jpg


    Stop loss 6 pips on the other side of my supply zone. Looking for at least 3:1 lets see what happens.
    Last edited by bunda_king; 11-04-2011 at 06:34 AM.

Page 1 of 2 12 LastLast

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41