Harmonic patterns

Is anyone in pattern trades this week? I closed 2 position early in the week with usd/cad and AUD/usd. But I've been flat since Monday... Anyone see something good?

Tags: Harmonic, bat, butterfly, crab, gartley, patterns

Views: 629

▶ Reply to This

Replies to This Discussion

Permalink Reply by LineChart on November 30, 2011 at 9:09pm

which time frame do you trade?

Permalink Reply by Nicholas Schaad on November 30, 2011 at 9:22pm
Anything 15 min to 4hr
Permalink Reply by LineChart on November 30, 2011 at 9:31pm

Permalink Reply by Nicholas Schaad on November 30, 2011 at 9:29pm
Market
Permalink Reply by LineChart on November 30, 2011 at 9:46pm

you must be a good trader, are you scalping? or using a wide stop or scaling in?

Permalink Reply by Nicholas Schaad on November 30, 2011 at 10:14pm
Not a scalper... Pattern trading is often counter-trend trading so often times my trades last for a few days. I set stops with a 1/4 risk reward ratio for the most part.
As for the GBP/USD, there is a 3-drives pattern in play, but not sure if i'm ready to short that pair yet. Maybe by tomorrow night.
What strategy are you using? 
Permalink Reply by Lisa on November 30, 2011 at 10:17pm
Permalink Reply by Nicholas Schaad on November 30, 2011 at 10:22pm
Ha.... No stocks here, not enough leverage:) 
Permalink Reply by Lisa on November 30, 2011 at 10:57pm

Permalink Reply by LineChart on November 30, 2011 at 11:17pm

mostly 100 pip swings, placing pending limits 50 to 200 pips above and below current price, some orders are 10 pip scalpers some are 50 to 100 re tracers, scaling in and out

Permalink Reply by LineChart on November 30, 2011 at 11:57pm

Permalink Reply by Nicholas Schaad on December 1, 2011 at 4:20am
Did you short this pair?

RSS

Photos

  • Add Photos
  • View All

ChartAccess 20% OFF

© 2013   Created by FXstreet.

Badges  |  Report an Issue  |  Terms of Service