FullTimeTrader
Long

GPBNZD-bullish and bearish bat

FX:GBPNZD   British Pound/New Zealand Dollar
547 21 14
I expect a strong rebound from here. Last target near 2.00 were we have a potential bearish bat . I will look for shorts there.
Best regards
CRInvestor PRO
2 years ago
nice eye
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GcNaif MOD
2 years ago
Thanks , even i m waiting for this to turn to north , NU is holding up on this, once NU starts its down move this will fly
snapshot
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CRInvestor PRO GcNaif
2 years ago
Being a Canuck am slightly biased....nice to see Loonie surge here
snapshot
but also nice to see DXY top too
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danndc
2 years ago
dear mate, i am a your follower. i would like to ask you some advices.

how do you draw crab and butterfy and bat forms? how do you calculate the possible targets?

thanks a lot for your help
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FullTimeTrader danndc
2 years ago
Hello, i do it manually, there are many courses for that. I recommend you first learn and then practice
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danndc FullTimeTrader
2 years ago
can you advise me some course or book to read?
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FullTimeTrader danndc
2 years ago
I will tell you the true, beeing a trader is a long hard way, i studied many courses about harmonics and still practicing and testing. It is not just simply reading and then profiting from the market. Having said that you can start with Harmonic Trading Vol 1 by Scott Carney.
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CRInvestor PRO danndc
2 years ago
don't want to step on anyone's toes, but I teach harmonics in my Trading program. Here is a cheat sheet to start with some popular patterns (https://drive.google.com/file/d/0B0tsvqiJUFB1STdRM2NpVFB6VXc/view%3Fusp%3Dsharing%29....enjoy
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danndc CRInvestor
2 years ago
do the patterns work an all timeframes? what timeframe should i use most?
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FullTimeTrader danndc
2 years ago
Hi, good questions. Patterns dont always work, even if they follow the rules. Most of them just have some reaction near the PRZ, I see may traders do this mistake and trade every pattern that appears. For me harmonic is just another tool, as prefer to use it at higher timeframes (H4 and higher). First i make a price action analysis (strong levels of S/R) and make fundamental research (the price follow the fundamentals.
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danndc FullTimeTrader
2 years ago
what do you search as fundamentals?
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danndc CRInvestor
2 years ago
and once you get a pattern, where do you put your TP? in this example where will you put it?
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FullTimeTrader danndc
2 years ago
Hello, the SL and TP are general rules already stablished. I reccomend you tu read Harmonic Trading vol 1 by Scott Carney
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danndc FullTimeTrader
2 years ago
could you tell me the rules just for TP and SL? i will start learning and reading the book
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danndc CRInvestor
2 years ago
dear cri, thanks for answering. i saw the image you posted but i can't understand one thing. the retracement should be a value between the 2 values or exactly one of the 2 values? example bull butterfly: AC 0.382;0.886. do we need to see one of these or just a value inside this range?
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