TerryHarmonicTrading

EURJPY - Bat pattern at ED channel top to sell!

FX:EURJPY   Euro Fx/Japanese Yen
2 months ago
Hey guys, we have a great setup coming on EURJPY             .

Bat pattern to short at high of channel top.

EP: 115.60 - 65
SL: 116.50 (90)
TP: 112.90 (270)

Will be monitoring RSI divergence candlestick reversal patterns for signals before entry.

Harmonic trading success rate becomes much higher when you combine it with a simple ED channel.
2 months ago
Trade active: Went in at 115.65.

Stop loss is at 116.50.

Good luck all, be prepared to win as well lose, always keep your risk management in check.
2 months ago
Comment: Moved about 40 pips in my favor.

Will be holding this trade till next week.
2 months ago
Comment: Trade is running at +100 pips. Holding it on to 112.90. Anybody joined me on this?
2 months ago
Comment: Just shifted my stop loss to 115.65 to ensure a risk free trade now.
2 months ago
Comment: Time to update our stop loss to 115.20.

Locking in 40 pips of profits.

Targets still at 112.90.
2 months ago
Trade closed manually: Decide to take profits at 114.50.

+115 pips.
Harmonic trader based in Singapore. Learned directly under the great Scott Carney. For FREE live trading webinars, trading resources and market analysis, please do visit my website at Harmonicforex.com
ychilLL PRO
2 months ago
what do u mean by ED channel ?
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IshaaqAMirza
2 months ago
Similar question to ychilLL. What do you mean by an ED channel??
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I think Terry is referring to an equidistant channel.
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In at 115.71
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RuhailKhan
2 months ago
I am big fan of Sir Scott M Carney and your also. I have read harmonic trader , harmonic trading vol 1 and 2. i am using formationseeker also, please give me your best life experience about harmonic trading and i saw your nice pic with Sir Scott. Regards ruhail
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TerryHarmonicTrading RuhailKhan
2 months ago
thanks for following me. Hope my ideas here can help you in your learning. :)
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RuhailKhan
2 months ago
please do analysis about gold oil and euro, pplz love to watch you. Sir Scott is also registered here?
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TerryHarmonicTrading RuhailKhan
2 months ago
yes, will do some analysis in awhile. Either next few hours when I am home or tomorrow morning. :)
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RuhailKhan TerryHarmonicTrading
2 months ago
Ok thank you.
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RuhailKhan
2 months ago
RSI 7 close is suitable to 1 hour or 4 hours timeframes?
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TerryHarmonicTrading RuhailKhan
2 months ago
I use rsi 14, same as sir scott.
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RuhailKhan TerryHarmonicTrading
2 months ago
Thank you sir.
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JeffKoski
2 months ago
I waited a little, since I was on and got in at 116.123 with the same stop, so a little less risk.
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JeffKoski JeffKoski
2 months ago
Are you keeping the stop loss where it is, or have you moved to break-even?
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TerryHarmonicTrading JeffKoski
2 months ago
That's great. If u got in at the price u mentioned, u could protect it. I need it to breathe as I got in at a worse price, will only shift sl if it breaks new low again.
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JeffKoski TerryHarmonicTrading
2 months ago
The problem I usually have as a new trader is I move the stops too soon, or too tight, and stops me out and then takes off. lol
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TerryHarmonicTrading JeffKoski
2 months ago
Probably you lack a defined trading plan.

Big moves usually happen after a consolidation, moving stops too early can get u stopped out and miss out on profits.

Understand that price usually moves in a zigzag manner.

I use a 34 hi and low MA band to tell me when to shift my sl. If it does not break above this band, I do not shift my stops. If it breaks above, I will look to protect it.
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RuhailKhan JeffKoski
2 months ago
lol.
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RuhailKhan JeffKoski
2 months ago
JeffKoski dont remove stop loss lol
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RuhailKhan
2 months ago
really wonderful,
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TerryHarmonicTrading RuhailKhan
2 months ago
Congrats. Goodnight everybody.
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RuhailKhan TerryHarmonicTrading
2 months ago
if you like give me your email i will share with you some stuff.
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TerryHarmonicTrading RuhailKhan
2 months ago
mail me at terry@harmonicforex.com
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ChrisMark
2 months ago
I am in this too, we must be careful for 114.117 area , however I hope to drop till the target.
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TerryHarmonicTrading ChrisMark
2 months ago
Great, have shifted stop loss to entry price to ensure a risk-free trade Now.

Good luck to all of us.
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EYEO
2 months ago
EUR still weak, should have kept small position ?
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TerryHarmonicTrading EYEO
2 months ago
Maybe reshort when it bounces up again. Very strong range on both EURJPY and AUDJPY. Bank in some profits first.
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EYEO TerryHarmonicTrading
2 months ago
noted. Shall monitor on RSI and price action
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asifrazzaq
2 months ago
Should have kept it mate. Jp morgan just went short and going to 1.11. Anyway great work as always mate. Appreciate the idea and updates
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TerryHarmonicTrading asifrazzaq
2 months ago
Thanks man, I just wanted to bank some profits this week. Probably will go short on it again once it bounces up above 115.
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asifrazzaq TerryHarmonicTrading
2 months ago
Or break if 114 on downside will open it up to 111
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EURJPY - Take Profit and wait for re-entry

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TerryHarmonicTrading TerryHarmonicTrading
2 months ago
Waiting to reshort at a much better price if it comes back up.
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http://www.harmonicforex.com/wma/week41

Good weekend traders.

Check out my gameplan for next week!
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