Yes, you can scalp or day trade harmonic patterns in real live time, If you know what to look for. All harmonic patterns have their own fib retracement and/or extension ranges- which need to happen- for them to be called certain names.
When a PRZ happens, instead of just jumping on a trade, get a confirmation move out of PRZ and then reversal back to it with an engulfing, harami and/or pin bar candlestick setup to then do a trade. This will prevent you from getting into a move too early and help with risk management on the trade too.
Be Patience equals to Be Profitable- with a strategy and/or a plan.
Risk management in your priority on each trade that you do, in this Forex trading and with the high liquidity and volatility that is happening at this time with many currency's, their is no place for either fear and/or greed. Lock in profits on all winning trades. Concentrate on getting a little piece of pip pie, not getting the whole pip pie in trading.
When a PRZ happens, instead of just jumping on a trade, get a confirmation move out of PRZ and then reversal back to it with an engulfing, harami and/or pin bar candlestick setup to then do a trade. This will prevent you from getting into a move too early and help with risk management on the trade too.
Be Patience equals to Be Profitable- with a strategy and/or a plan.
Risk management in your priority on each trade that you do, in this Forex trading and with the high liquidity and volatility that is happening at this time with many currency's, their is no place for either fear and/or greed. Lock in profits on all winning trades. Concentrate on getting a little piece of pip pie, not getting the whole pip pie in trading.