It's tool you play around with, cause I'm just making it up as I go... lol
I'm learning One2One patterns when the market isn't presenting any harmonic patterns, here is a nice trade.
Giving Aussie a go.
Moved s/l to b/e
Kor: yes it was actually perfect I measured it, exactly 2 pips off low (spread) I don't think I've ever done that before lol.
Last edited by jtrader; 01-12-2012 at 03:40 PM.
whatever happens next, it was PERFECT entry!
Hello guys, I'm trying to perfect myself, what do you think? there is some error in the channel? think I've failed at something?
Set the fibo levels of the fibo channel to -1.618, -1.75, -2 & -2.25 and apply like in the video.
ok jos, thanks.. first I apply Fibo retracement (like the video), then I delete it and then I apply the fibo channel (with the fibo level you suggested me)? I try do it now
Good morning to all! I think I have a problem with this technique.
I apologize in advance if you lose your precious time with my "problem", but I tried again to carry out the instructions of the video with one exception: I don't draw the butterfly with points just because it is already designed by Korharmonics indi.
I uploaded a link with my pictures of the steps in the recent case about a butterfly found recently by Korharmonics, EURUSD currency, M15 tf.
Steps 8 and 9 are crucial (if I have previously done it correctly), as you see it creates a fibo channel (with the changes that jos has kindly suggested to me) very different from what I see in your pictures and video posted above .
If you have any idea (or fix) to let me see, you are well come!
Hi john, i was looking at the pictures, i've noticed that where the point 2 of the channel should be there is nothing... unfortunately in my chart korharmonic doesent show that pattern so i 've used one on usdchf on 30 min tf... And this is what i obtain, i start the channel in the X point, so that point 1 is on the X-B leg of the pattern... Then i move the action line to X-A leg, point 2 of the picture, and i obtain the point 3 right where D point should be... Again in the bullish pattern i start the channel in X point, and point one is on X-B leg, point 2 in X-A leg, and the projection is on D point...
I hope it will help, sorry i'm poor at explaining things XD, Joswald should enlightened you more
P.S, Joswald if i'm doing it wrong please also enlight me
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