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just to break the non hindsight trades I've been posting for the last 6 weeks,
here is a hind sight trade on GBPUSD H4 that triggered yesterday and reached its 1st profit target
Hi Ziko,
I really like your harmonic indicator. Would it be possible for you to post it in the fourm?
this doesnt seem to work out mathematically for me
in my drawing below, the #s represent the height or distance on the Y axis of the line segments
and not the retracement level. Imagine it is a coordinate axis with X at (0,0)
lets say line segment XA has length of 1.
AB is a .618 retracement of XA, therefore length AB = .618
lets choose .382 as the retracement of AB for BC.
therefore length BC = AB * .382 which is BC = .618 * .382 = .236
BC = .236
Now to calculate CD we have to do something else first.
We know D is a .786 retracement of XA, therefore D has a Y value
on our coordinate plane of 1 - .786 = .214
If we add the line segments up we should get XA - AB + BC - CD = .214
Linear Mode
