Kil
Short

Daily bearish 3 dirve

FX:EURUSD   Euro Fx/U.S. Dollar
53 6 0
I will go short.
I'd be very suspicious of calling this a 3 drive pattern. The harmonics just
aren't really present in the price action.
This might be of interest: http://harmonictrader.com/
I've found it very helpful.
Reply
Kil dojitrader
Markets is not textbook.
Reply
Kil dojitrader
I know also the site.
Reply
Yes Trader. i already in the short position. So if this is a 3 drive pattern, how far will it go before it takes a rally agian?
Reply
Kil tntsunrise
swing target @1.2800
Reply
I agree that markets are not text book - but they can be - not all the time.
However, certain patterns have very strict rules to be valid for a reason and that is,
when harmonics and symmetry are in sync, the probabilities of a trade
being profitable are greatly increased. To "curve fit" a pattern onto price action
simply because it is close, in my experience, usually leads to unnecessary loss.
You wouldn't buy a pair of shoes that are 2 sizes to small --- or too large.
They'd be shoes, to be sure. They just wouldn't fit !!!

Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out