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Harmonctrading

EURUSD-H4 Bullish White Swan Pattern and Long SetupDescription: FXAndalanBangsa found a Bullish White Swan Pattern on H4 Chart Time frame. Trade Period:  Intraday Trading Pair / Instrument:  EURUSD Time Frame: H4 The trend in the Timeframe: Ranging The trend in the Daily Chart:  Bearish Trade Based On: The Bullish White Swan Pattern Recommended Lot Size: 0.05@ 10 K Account with 1:100 Leverage Trade:  Long STRATEGY ENTRY USE 1'st DIMENSION CHAOS THEORY BY BILL WILLIAMS the fractal is present at the bar 09:00 pm 11-15-2018 Order Pending Buy Stop: 1.1370 Stop Loss:  1.131 TP1 = 1.146 TP2 = 1.162 TP3 = 1.173 What to pay attention: If the setup does not work and get stop out, we look for a short opportunity at Fibonacci 2.24 extension of BC 1.120- 1.117 targeting 1.131 and 1.135
Long
by erbe
USDCAD Bearish AB=CD w/ RSIHello Harmonic Traders! I would like to begin my renewed contribution to the HTTV community with the following Bearish AB=CD Type-2 harmonic resistance at a critical juncture. The DAILY RSI is stalling at the 50-midline. The general 61.8% retest at the 1.34 level as measured from last year's peak defines the price zone for a larger downside continuation with a swing objective to the 1.28 area. Check back next week for a few new free Harmonic Trading tools that we are releasing for Trading View in 2017!
Short
by ScottCarney
1
38.2% Profit Target is the best!Guys, This is why I don't take multiple profit targets. Most harmonic traders will take targets at the 38.2% Fib level, and the 61.8% Fib level and maybe even a third profit target at the 100% level. I ONLY take at the 38.2% Fib level. And I take everything off at that point. The Reason: In my testing,(backtesting, demo trading and Live trading) I found that more patterns will hit the 38.2% level and then reverse before hitting the 2nd profit target. Moving down all the way to at least the original entry position. Not all of them, just the majority. So instead of me only taking half of my profit, I am taking all of it. Yes I have the potential of making more money IF price action were to hit the 2nd profit target, but I find that 68% of the time, nearly 70% of the time, it never hits the 2nd target without first reversing and going back to the original entry. And if you are taking multiple entries, you will usually roll your stops up to entry level once it hits the first target. Then you get stopped out before it returns back up to hitting the second profit level IF it goes back up.
by KarmaCashflow
1
Bearish Cypher PatternThere is a potential Bearish cypher pattern that is going to potentially complete at 1.31282. There are a couple of options that you have for taking targets with this setup. Since the gbpusd has just broken structure to the downside, we are in a bearish trend on the 1 hour time frame. So you can take the traditional target 1 and 2 at the 38.2 and 61.8 fib retracement (Red & Green on the chart). Or you can play this as an entry for a trend continuation trade and take target 1 at a retest of structure lows and target 2 at a 127.2 fib ext. (Black & Blue on the chart.) However you decide to play it, follow your plan. Good luck and good trading. Here is also the Link to the advanced pattern training video i put out.
Short
by tommyb35