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M_Weber
Sep 11, 2015 9:44 AM

S&P 15 min CYPHER and BAT day trading opportunities Long

S&P 500 index of US listed sharesFXCM

Description

You can choose the one of them or split half for each. Stop I place at 1925.5, TGT1 38.2%, TGT2 61.8%. Patterns become invalid above 1965.
- Good luck -
Markus Weber
Comments
M_Weber
Thanks for your comment, for BAT I am using B between 50/61.8 of XA and C between 50/100 of AB, D at 88.6 of XA. These rules work very well especially for S&P and NIKKEI. There is certain freedom people have to set rules as long as they have been back tested. i.e. some require C at 38.2 of AB as a minimum.
andberg
your pattern ratio are wrong, Movements that do not align with proper pattern measurements invalidate a pattern and can lead traders astray

Read more: Harmonic Patterns In The Currency Markets
investopedia.com/articles/forex/11/harmonic-patterns-in-the-currency-markets.asp
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