Good Morning, bellow we have the AUD/USD which has developed and confirmed a bullish gartley on the hourly chart. Where the .886 of XA converges with 161% CD.
Since we did not have an entry order set for this, our entry is coming after the development of a dogi on the hourly chart. I zoomed into the 1 min chart, entering manually after price tested the wick of the dogi for a bullish continuation with an offset of 1 pip bellow the wick formed.
My USD/CAD Bullish Entry triggered at 1.12811 of price after being stopped out from a bearish Short entry at the 261% CD of the AUD/USD (entered Manually). Will post the developments shortly…
Good Morning All, Bellow we have the USD/CAD where the 261% CD of the 1h/30min chart converges with the .786 of XA. Our physical stop for this entry is set at 1.12656 and the limit at 1.1318 of price
Here I have zoomed into the one minute, you will notice that I’ve circled our entry order in yellow ad the market order placed manually with half lots in green. I like the initial reaction of price from this point and do to the volatility figured that it would be worth while entering the additional positions their (A bit more patience is needed and I must continue to work on this).
I saw the AUD/USD push with volatility push towards the 261% CD converging with the .509 of XA and let the “excitement” one feels without emotional discipline take over me. As a result, I disregarded the fact that the 344.5% of CD converging with the .662 of XA has perfect convergence in contrast to the “good” convergence shown within 261%CD. This in effect cost me a 26 pip loss and prevented an easy 30 pip scalp
After thoroughly analyzing the different markets I found an opportunity to enter a C to D trade on the lower time frame. Using my projection for a bullish D I saw on the daily and 4 hour charts, I fine tuned my entry using the 5min and 1 min chart. Bellow is the result which led towards a nice recover for this mornings mistake:
this is my first post in this thread although i have read it pretty much from the start, after watching your videos tmoneybags i decided to have a shot at trying to analyze these patterns on a chart.
Not 100% sure as of yet but im following your basic guidelines, heres what i plotted looking at the aud/jpy as of current.
Im expecting to be wrong, but could anyone help me in maybe what i could do better or what i did wrong?
Hello everyone, I’m new to the forum but not new in the Harmonics analysis.
TMoneyBags your contribution is immense, there are people out there who are charging up to 3000$ to teach those things. I spent 1400$ on my education in Harmonic Trading so I know how those things work
I read many pages of the thread and I found out that your approach has changed a lot over time.
What are your trading rules right now, if you don’t mind sharing.
just entered a GBP/USD sell gartley where the 261.8% AB projection converges with multiple D points.
hopefully this will send the pair down somewhat. i think it will.
this is using the old fibs. i guess im not skilled enough with the new fibs because i seem to catch all the loosers and none of the winners, and as i was doing much better with the old fibs decided to switch back. maybe some time in the future i’ll attempt it again …but i really need to be profitable right now, and atm im not with the new fibs.
- I’m off the markets 'till next London Open.
