Shark pattern is a combination of a ‘failed’ wave, an extreme harmonic impulse wave and the famous 0.886 retracement. RULES: B point needs to be in range of XA projection – minimum 1.13 but NOT exceed 1.618 C point needs to be in range of AB projection – minimum 1.618 but NOT exceed 2.24 C point at 0.886 0X (not 0B) retracement or 1.13 0X projection We have the freedom to choose swing 0X to create the most compact zone for C point. 2 elements define PRZ: 0.886 0X retracement (not OB) or 1.13 0X projection, which ever gives the most compact zone. Sometimes you would need to eye for both PRZ to see how the price reacts to each level and decide if you want to trade it. AB Projection
My name is Pierre,I am from sunny Malta, Europe....I find your charts fascinating....BTW, do you utilize a software to construct these patterns? I am taking an MTI course in Florida, but they want just money....I must have burnt over 7000 K with them and they NEVER teach on how to trade.....so I am trying to do everything by myself......I wish to learn wave harmonics because I know that they are powerful patterns.
slrocheleau
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@pmifsud, Nice to meet you Pierre, My name is steve. I have a small close nit harmonics group on FB. If you want, add me, Steven Rocheleau. I have same profile picture as seen on this profile. I will then add you to my group. Very profitable and I teach free
slrocheleau
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@pmifsud, Also, to answer your question, no i do not use software. I find all patterns manually. I can show you what Scott Carney Taught me. I am always learning as well but I am very profitable which you will see on FB where I post daily result for all signals I post/
slrocheleau
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@pmifsud, I only trade .10 lot size on any trade. Some trades Like Alt bats, Alt Sharks and deep crabs I will have multiple entries. From March 25 I funded an account with 1k, Today 12 days later, with only .10 lot size the account is at $5,082.
@slrocheleau, God bless you...I noticed from your charts.......very happy for you indeed..I really wish to meet you one day ....I have become obsessed by trading but I do not see much gains!!....I am a Masters Graduate in Biology with 25 years of teaching experience....school and its preparation takes too much time for me.....wish to become a full time trader one day because the salary of a teacher sucks! Yes I will send you a friends request on face-book and very much hope to be your friend and learn from you. I am 49 years old and have been 3 years trading but I am not profitable. I have 2 children, Liza 9, Luca 10.....My wife works in supermarket.....but we somewhat struggle to live, with all the expenses incorporated
slrocheleau
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@pmifsud, Those are some great accomplishments, wish you all the best for your future. I know the struggle, I spent years battling impulse and greed. I blew over 12k until I got myself under control. I still feel an erg every once in a while to go heavy but I don't do it.I may add 2-3 positions to 1 trade but that's about it. The results have been wonderful. Yes, add me on FB and I'll add you to the group. There are only 5 people total in my group. I like to keep it small. Easier for everyone that way. I have 2 guys that I added to the group that were in same boat as you and only week 1 down of me starting the group, both are extremely happy with the result so far. Like I said, it's free. I make my money trading and I don't mind helping those who truly want it. I was scammed so much as a new trader just wanting to be good and profitable, i use to fall for everything. Makes me sick seeing all the scams going these day's. Let me know when you sent request so I can add you. Thanks
pmifsud
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@slrocheleau, Sent you a message on facebook but the friend request seems to be deactivated....somewhat strange....really would like to be part of your group.....do you meet up everyday? Was scammed so many times too with many black boxes in the past....We have much in common!!!!!!....both like the gym,trading, shave our hair.....your upper back is massive ......beautiful physique! Take care brother and thanks for helping me!
pmifsud
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Thanks for your chart. I assume that the 1.321 long entry will then target the 0.618
slrocheleau
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@pmifsud, Yes I'll post new chart closer to that time. with T1 38.2% and T2 61.8% . Thanks for your comments!