Hi all once again thanks for the wealth of information on this thread. If I may were can I find how to set profit targets for the harmonic patterns?
Thanks in advance.

hi mates
updated charts of 1 aug.as u can see we have a nice price action in the PRZs and good reaction.look likes these patterns want to make us pips.......

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We often borrow from our tommorrows to pay our debts to our yesterdays.
As always, who knows!?!.Let see what will happen....
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hi
updated charts of 1 aug.as u can see we have a nice price action in the PRZs and good reaction so far.look likes these patterns want to make us pips.......

__________________
We often borrow from our tommorrows to pay our debts to our yesterdays.
As always, who knows!?!.Let see what will happen....
-------------------------------------------------

hi erwin
you are welcome.
about tragets,according to the rules there are two classic and defiend targets for these aptterns:
1st target would be:0.382 of AD
2nd target would be:0.618 of AD
but never forget the golden rule of trading:
"cut your losses short and let your profits run"
so up to the trader,one may make pips on the defined targets ,one may trail the profit.

__________________
We often borrow from our tommorrows to pay our debts to our yesterdays.
As always, who knows!?!.Let see what will happen....
-------------------------------------------------

@kamyar

yes the gartley seems to be great. i am also long in usd-chf at 2309. so far a nice trade. as is see in your charts you draw often a yellow line called "WR1". What is this?

Thanks and good trading

Regards

hi
yes i agree.the WR1 is Weekly pivot resistance 1
cheers

__________________
We often borrow from our tommorrows to pay our debts to our yesterdays.
As always, who knows!?!.Let see what will happen....
-------------------------------------------------

do you have an idicator or do you calculate the pivot by hand?

thanks

hi
here is the indicator.also camrilla lines are included in the indicator.
kamyar

Attached Files

Pivot_Week.mq4 (14.7 KB, 243 views)

__________________
We often borrow from our tommorrows to pay our debts to our yesterdays.
As always, who knows!?!.Let see what will happen....
-------------------------------------------------

kamyar thanks for the indi. i don't know why but it seems as i have an other result with the indicator than you. i attached the indicator on my chart. i disabled camrillas and midpivots. and as you can see in my chart i have the wr1 at 2834 but you have the wr1 in the prz. am i doing something wrong?

thanks

Attached Images

eurpivot.gif (22.3 KB, 296 views)

Attached please find the weekly chart for EUR/USD, an effective bearish butterfly has formed with a formation of bearish engulfing pattern at price reversal zone. This has confirmed the price target at 1.2220(61.8% retracement).

Welcome all kind of comments, advices, and critiques. Thanks!!!

Attached Images

eurusd weekly (harmonic).gif (21.3 KB, 359 views)