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