dojitrader
Short

Ignore The Spike High AND See The Cypher . . .

FX:GBPAUD   British Pound/Australian Dollar
126 4 0
How important do you suppose that spike high of the NFP Friday ?
*anyone's experience with spikes and cyphers gladly accepted ! *
WIDE area of confluence to try and target an entry.
I think I'll shoot for the ab=cd/1.618
OR
maybe the candlesticks will help me with the trigger.
dojitrader
2 years ago
Price did not reach the target area and has now invalidated the trade. Time to look for another set up.
Reply
tntsunrise TOP dojitrader
2 years ago
Yeah! Trader. I also spot this cyper pattern and set my limit order at 1.8120 but never hit. same as my GBP CAD.
How about the GBP JPY? i think you reviewed my idea last time and your comment is very helpful and you are right! I found it quite hard to apply harmonic pattern when price is always making a new structure high. could you give me any sugesstions on this? thanks a lot if you would reply me.
Reply
dojitrader
2 years ago
You could start with this: http://www.harmonictrader.com/harmonicpatterns.htm

or --- http://www.harmonicedge.com/tow/TradeTipsG.html

or === if you google "harmonic patterns" or the specific pattern name
you often get something like this: http://www.traderslaboratory.com/forums/forex/17513-new-patterns-harmonic-traders.html
Best of luck !
Reply
colened
2 years ago
http://www.harmonicpatterns.com/harmonic-pattern-education/ this is another good resource for you @tntsunrise
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