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Alexander_Nikitin
May 5, 2017 4:22 AM

Harmonic trade example. Education

New Zealand Dollar/U.S. DollarFXCM

Description

Hey, mates. wanted to show you the power of harmonics. when 3,4, 5 fibonacci measurments point to a tight zone it is always a very high probability setup. On the chart we have two patterns completed at the same area: bat pattern and three drives pattern. I agressively entered next bar open after the Terminal Price Bar. Capitalized nice greens. My second half is still running til 0.618AD. If you find this educational information useful feel free to hit the like and follow buttons. Have a nice day.

Comment

trade management. Closed half of my position at 0.382AD. The second half stoploss is place to breakeven.
Second half takeprofit is 0.618. But if price breaks the accelerated trendline within the IPO zone (green rectangle) then I will exit full.

Trade closed: target reached

exited the second half on ATL break
Comments
HyperEnergy
I know what the Fibonacci sequence is in mathmatics, ive been doin crypto for a while, i just have a hard time actually seeing it clearly represented and how it plays out.

Regardless ill researh and learn thanks for the pro explanations they really help me learn. Keep up the good work
Red
Good job!
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