TerryHarmonicTrading

EURUSD - Why I will not buy this Bat pattern!

FX:EURUSD   Euro Fx/U.S. Dollar
Hey traders, just sharing some experience I have trading harmonic patterns for 6 years now.

This is a example of a trade setup that I will not take.

We see a nice bat pattern completing around 1.10.

1. Nice round number
2. Great pattern

But no thanks!

I have learnt that taking trades only at the extremes of a H4 parallel channel increases my winning % dramatically.

For this setup, the channel is sloping down, it has not hit the extreme.

Even if this is gonna turn up, it is likely gonna be just a small reaction instead of a big reversal.

Be selective, trade well and I wish those who took this trade good luck!

Download now! –> Terry’s Week 43 Forex Market Outlook Report

http://www.harmonicforex.com/terrys-weekly-forex-market-report/week43report
Reply
Hey guys, for those of you who are interested how I trade, I prepared a report on how I will trade in Week 42.

Download report by clicking link below, no signups/login required.

https://www.harmonicforex.com/terrys-weekly-forex-market-report/download-now-terrys-week-42-forex-market-outlook-report
Reply
Hi Terry

How does the harmonic patterns behave during news action, do you trade if there is a news coming out like for example the NFP Report every first Friday of the month for the USD? I am asking cos I was very surprised on the EURUSD on the 20th of this month when I did an analysis but did not took much attention to it now I am reviewing my weekly analysis and I saw that the EURUSD reached a PRZ zone end retraced during the news see chart below. I just want to know from an experience trader like you if this happens often or if it was just a one-of.

snapshot

Reply
Thanks for sharing your expirience
Reply
http://www.harmonicforex.com/wma/week41

Good weekend traders.

Check out my gameplan for next week!
Reply
Turned up last night, as you said it was a small reaction. Let's wait for a signal for sell setup.
Reply
A double test of 1.1 we can could see a bigger bounce on this pair. However I am still patiently waiting for sell setups to complete.
Reply
Thanks for sharing. Very good piece of information.
Reply
Thank you for your compliments, where are you from?
Reply
Thank u ! Amazing analysis
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out