Why do you book your profit so early? As oer the rules
38.2 % retacement between A & D should be the first target and second target is 61.8% of the same.
c0dchef
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@milanvachhani70, You're absolutely right about those retracement targets. But, they did not work everytime, atleast for me. I tinkered around quite a lot for the target(s) numbers over time and have arrived at a basic conclusion when I spot a harmonic pattern. Risk reward should be around 1:1 give or take and try to avoid lower TF chart. The bigger the TF, the lesser the chances of you being trapped.
UnknownUnicorn6893821
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wrong
c0dchef
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@vs6681 Current Price is well above the buying levels, so the trade isn't activated yet. Care to explain how is it wrong?
38.2 % retacement between A & D should be the first target and second target is 61.8% of the same.