FX:AUDUSD   Australian Dollar / U.S. Dollar
LONG AT 0.9306
AIM 0.9360 9400 AND 0.95
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I can see the significance of the support at .9285 or so, but,
I'm not sure putting point X for a harmonic pattern advances
the confidence of the trade when it is 5 bars above the swing low.
I've probably asked before, have you been doing this for a long
enough time to acquire confirming results ?
As always, Thanks for your thoughts !!!!!
Reply
tntsunrise TOP dojitrader
Yes I have tested many times. The Reason i choos X is the price make a new bullish trend by breaking the X point
Reply
How do you choose your X? Please shed some light on it.
Reply
tntsunrise TOP Sandeep_Gupta
i choose X base where the new bullish trend starts. obviously the price breaks the X point and starts a new trend
Reply
dojitrader tntsunrise
Didn't the new bullish trend start 4 bars earlier ?
so why would you choose what looks like a random point ?
Just more thougths/questions ~~~~~
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