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
nice eye
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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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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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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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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
can you advise me some course or book to read?
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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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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?usp=sharing)....enjoy
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danndc CRInvestor
do the patterns work an all timeframes? what timeframe should i use most?
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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
what do you search as fundamentals?
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danndc CRInvestor
and once you get a pattern, where do you put your TP? in this example where will you put it?
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