@tomhall, Hmm looks like it played out, very quickly but it still played out. Which time frame were you using and what confirmation did you use to confirm the short break? Was it the shooting star on the 1hr chart before the larger sell off?
Roel_Gabriel
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confluence on my trade plan.. i hope this all goes well..
UnknownUnicorn180388
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@Roel_Gabriel, Very nice chart setup, have a great rest of the weekend.
menard.stocks
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@Roel_Gabriel, Hi, please note that in harmonic setups the time frame between points b/d should be roughly equivalent to x/b, there is a roughly 10% area for error but otherwise the pattern invalidates. The chart shared above would be invalid at this time. For more information regarding time zones in Harmonic trading please reference Harmonic Trading Vol 1 / 2 from forex factory.
UnknownUnicorn180388
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@Menard.stocks, Please note, many harmonic traders have different fib levels and entry methods so although your way may be profitable there are also many other ways of drawing and executing.
Roel_Gabriel
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very well said @tomhall, so far if there is something I can further add to improve the strategy base on @Menard.stocks, I would be happy to back test it... then forward test for 1 year to gain confidence from it..