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FxCanli
May 12, 2017 6:51 AM

BEARISH HARMONIC FORMATIONS Education

Euro Fx/U.S. DollarFXCM

Description

Rules

1) Tp1 = Fib 38.2
2) Tp2 = Fib 61.8
3) Stop = MAX Tp1 ( as pips)
4) Open order with %2 Risk Management
5) Close Half at TP1, Stop to BreakEven
6) Close all at TP2

Comment

Dont Forget dears!!!!. Formation is completing when the price is coming to D point, You must not enter to trade until it comes to D point by Harmonic analyses, but if you have a anoter analyses, you should also enter to trade from A to B, B to C, C to D. But I just use Harmonic strategy. When price comes to D point, When formation is complete at D point. Test it with Demo account before use..

Comment

And for a easy remember
My blue pattern sharings are Cyher Pattern
My red pattern sharings are Bat Pattern
My Green pattern sharings are Gartley Pattern

Comment

Comments
Alexander_Nikitin
Mate, Scott Carney himself told you in your previous post that cypher is not harmonic. Stop misleading people, please:)
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uakpan
Don't you trade shark?
Amaan_Pathan
Thank You... Very useful information..Cheers :)
FxCanli
@marketplaceguy, Thanks alot :)
UnknownUnicorn4762443
thank for publish
AgentHK
every fib level is a TP which you need to spread/take part of the profit on it. some time the momentum is strongly bullish but it go down as D point of harmonic touch, this will make the market to go down until 23.8% (most of the time it go to 38.2%) but yet you want to be absolute.. :)
sanjayplayer
wave A B C D % would do good, how to trade them, identification, no such details ???
irfanshamskhan
Point D will always be at 0.00% or can it further expand ?
meto35
thanks
IndicatorTrader
Great stuff!!
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