Alexander_Nikitin
Long

Audusd long + forex weekly forecast video

FX:AUDUSD   Australian Dollar/U.S. Dollar
Hello, everybody. Welcome back to another edition of the forex weekly forecast. See the video here: https://youtu.be/zYETeQRpcdA
Also don't forget to check the previous video. The link is in attached idea description.
Order cancelled: The movement started a bit earlier. Now the pattern is invalidated))
NICE
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Thank you)
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Nice video, appreciated. But the sound issues make it a bit hard to understand sometimes.
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Thank you. Well, I am not a professional video maker. I just wanted to share my ideas. When I learn more how to make good videos they will become much better)). Cheers))
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Captain_Walker PRO Alexander_Nikitin
I'm not a professional video maker either nor am I a professional trader. Practice improves performance in most things i.e. professional status in anything is just a label. May I suggest Camtasia, which requires no pro status and is very easy to operate. Sound can be added after or during screen recordings. YouTube videos show how easy it is to make/edit videos. I'm expecting to hear about how expensive it is - watch for it. ;) :)
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snapshot

Will the older generation it is not about to become a bat patterns
D 0.886 points will be in it?
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According to my research it is better to use 78,6 rather than 88,6 entry for my trading methodology. Once again: for my trading methodology. :)
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Jia En Cai Alexander_Nikitin
thank
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purely RSI based trade very nice setup
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Well, I do not use any RSI. I don't really know what is it. If my analysis is coinciding with some other methodology, then why not? Very good. Thanks for the information.
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Mughal Alexander_Nikitin
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this is what i was saying we may have cheap price for buy setup when RSI gonna hit oversold line
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Mughal Alexander_Nikitin
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this was your last trade this was very good well done keep up good work
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Well, I don't think the setup worked good because of RSI. If I remember correct Scott Carney said something about RSI applicable to his Harmonic trading. I didn't make any research on RSI. So, I can't say something on this topic.
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Mughal Alexander_Nikitin
my friend most traders use RSI for Harmonic moves thats why i was saying this if you dont use or dont know about RELATIVE STRENGTH INDEX then no problem you are doing very good work good luck my friend keep it up
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Yeap, thanks. But the problem is that I don't use harmonic either. :)
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i watched your video Alexander..; that was very useful..; maybe you are one of the few traders who use patterns correctly. you seek an impulse, wait for a correction within a pattern and then anticipating another impulse, this is where and how these harmonic patterns work, the reality is they don't work every where and at every situation. i don't know why some people look them for reversal points against overall trend, they work very better and with higher probability in trend continuation strategies...; but i have a question here.., as i note ratios are not that much important for you, are they? is it important for you that a pattern ends at for example 61.8% or 78.6% retracement or do you note how much B wave retraces XA leg ?
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Alexander_Nikitin farid_ardavani
Thanks for your feedback. Well, you are right. I do not lay much impact on precise fibonacci ratios. I usually use 78.6 for my entry only because it gives me a better risk to reward. But it doesn't mean that 61,8 ratio is bad. I saw many many time price starting its movements from 61,8. And yes, I don't care about the retracement of B-point. As a general rule it should be at least 1/3 of XA leg and it should not touch my entry (because in this case we will not have any zigzag structure). That's it. Very simple in this part. I don't think it is ok to call this pattern Harmonic. The word "harmonic" presupposes Scott Carney methodoly of trading. He's got a patent for his methodology. It is his intellectual property protected by US Law. It presupposes specific ratios for every pattern to differentiate between them. My methodology is different. I do not differentiate between XABCD patterns because the core of my analysis is correct swing identification but not the pattern itself. XABCD is just a technique for entry, where targets stops and entries are known in advance.
Well, follow me here and on youtube. I will discover the way I identify XABCD formations in my nex editions.
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farid_ardavani Alexander_Nikitin
thank you for your explanation..
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Nice tho. ;)
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thanks.
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Is it still a Gartley tho? Didn't touch .618, narrowly touched 0.5
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AronBara AronBara
I meant the B leg :)
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You need to watch my videos and read the comments above)
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Shame, turned out to be a good trade after all.
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It is not a shame. It is called disciplline.
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patlaka2000 Alexander_Nikitin
True that.
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