Kil
Short

Daily bearish 3 dirve

FX:EURUSD   Euro / U.S. Dollar
53 6 0
I will go short.
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 !!!

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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?
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Kil tntsunrise
swing target @1.2800
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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.
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Kil dojitrader
I know also the site.
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