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:
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))
Shame, turned out to be a good trade after all.
It is not a shame. It is called disciplline.
patlaka2000 Alexander_Nikitin
True that.
Is it still a Gartley tho? Didn't touch .618, narrowly touched 0.5
AronBara AronBara
I meant the B leg :)
You need to watch my videos and read the comments above)
Nice tho. ;)
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 ?
+2 Reply
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.
+2 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out