KarmaSenge

PRO
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About me Chief Currency Analyst & Head Trading Coach at KarmaSenge.com. Subscribe to our Podcast at http://karmasenge.com/itunes
Last visit Joined 2 years ago United States karmasenge karmasenge.com
Supercharge Your Trading
Markets Allocation
100 % forex
Top Mentioned Symbols
EURUSD 24% | 6 AUDUSD 12% | 3 USDCAD 12% | 3 EURGBP 8% | 2
KarmaSenge KarmaSenge PRO USDJPY, 15, 2 months ago
USDJPY: 38.2% Profit Target is the best!
94 1 7
USDJPY, 15
38.2% Profit Target is the best!

Guys, This is why I don't take multiple profit targets. Most harmonic traders will take targets at the 38.2% Fib level, and the 61.8% Fib level and maybe even a third profit target at the 100% level. I ONLY take at the 38.2% Fib level. And I take everything off at that point. The Reason: In my testing,(backtesting, demo trading and Live trading) I found that ...

KarmaSenge KarmaSenge PRO GBPNZD, 60, 2 months ago
GBPNZD: Oh Look at that, ANOTHER Failed Cypher Pattern
44 0 5
GBPNZD, 60
Oh Look at that, ANOTHER Failed Cypher Pattern

So I have been doing a HUGE backtest on Cypher patterns. 2500+ hours and 15k patterns found on 26 currency pairs, 4 timeframes. Even did a YouTube video on it. Check out my YouTube page at karmasenge.com/youtube. The MAX win ratio that I could find is a 46% win rate on the USDJPY, Daily TF. And the average was around 43% win rate. Couple that with an inverse Risk ...

KarmaSenge KarmaSenge PRO EURGBP, 15, Long , a year ago
EURGBP: Bull Bat
42 0 2
EURGBP, 15 Long
Bull Bat

Entry around 0.76025 Stops below X Target at 0.76610

KarmaSenge KarmaSenge PRO AUDUSD, 60, Short , a year ago
AUDUSD: Bear Bat
46 0 1
AUDUSD, 60 Short
Bear Bat

Bear Bat Pattern Entry at 0.69815 Stops at 0.70128 Target at 0.69224

KarmaSenge KarmaSenge PRO EURAUD, 60, Long , a year ago
EURAUD: Bull Butterfly
24 0 1
EURAUD, 60 Long
Bull Butterfly

Bull Butterfly Entry at 1.52373 Stop at 1.51235 Target at 1.54637

KarmaSenge KarmaSenge PRO USDCAD, 15, Short , a year ago
USDCAD: USDCAD Bear Gartley Pattern
127 0 6
USDCAD, 15 Short
USDCAD Bear Gartley Pattern

USDCAD Bear Gartley Pattern Entry at 1.41439 Stop @ 1.41791 Target 1 @ 1.41079 Target 2 @ 1.40858 RR 1:1

KarmaSenge KarmaSenge PRO EURUSD, 15, Short , a year ago
EURUSD: EURUSD Bearish Bat
41 0 1
EURUSD, 15 Short
EURUSD Bearish Bat

Here we have a bearish bat on the EURUSD 15M chart. Entry around the 1.0824 area Stops above 1.0848 1st Profit Target is at 1.07807 2nd Profit Target is at 1.07538

KarmaSenge KarmaSenge PRO GBPAUD, 15, Short , a year ago
GBPAUD: GBPAUD Bearish Bat Pattern
36 0 2
GBPAUD, 15 Short
GBPAUD Bearish Bat Pattern

GBPAUD Bearish Bat Pattern Profit target #1 is at the 38.2% Fib level Profit Target #2 is at the 61.8% Fib level

KarmaSenge KarmaSenge PRO NZDCAD, D, Short , a year ago
NZDCAD: Secondary Retest of the PRZ
38 0 4
NZDCAD, D Short
Secondary Retest of the PRZ

Here we have a secondary retest of the PRZ. If you missed the Entry on the initial test of this Bearish Bat Pattern, you could entry here. Stops above X TP1 at the 38.2 Fib level TP2 at the 61.8 Fib level

KarmaSenge KarmaSenge PRO AUDCAD, 60, Long , a year ago
AUDCAD: Bull Gartley
19 0 1
AUDCAD, 60 Long
Bull Gartley

Gartley Pattern Entry @ 0.98473 SL @ 0.98190 TP1 @ 0.99093 2.2:1 RR Decided to enter a bit lower due to structure and a better RR.

KarmaSenge KarmaSenge PRO EURGBP, 60, Long , a year ago
EURGBP: Bull Bat
47 1 2
EURGBP, 60 Long
Bull Bat

Bull Bat found on EURGBP H1 TP1 at the 38.2% Fib level RR 1.54

KarmaSenge KarmaSenge PRO NZDUSD, 240, a year ago
NZDUSD: The POWER of Harmonic Patterns
62 0 1
NZDUSD, 240
The POWER of Harmonic Patterns

I meant to post both of these trades up but forgot to actually post them. But here you can see two very distinct patterns (Bat & Cypher) that were back to back and both very successful. I might not have posted them in time but you can learn from just looking at the patterns and seeing how successful harmonic patterns really are.

KarmaSenge KarmaSenge PRO AUDJPY, 240, Short , a year ago
AUDJPY: AUDJPY Short Zone
82 2 3
AUDJPY, 240 Short
AUDJPY Short Zone

I will be looking to short this level due to the convergence of 3 harmonic patterns (Gartley and 2 bat patterns) along with some decent support and resistance. TP1 will be at the 382 level and TP2 at the 618 level.

KarmaSenge KarmaSenge PRO EURUSD, 60, Long , a year ago
EURUSD: Bull Bat
68 0 0
EURUSD, 60 Long
Bull Bat

Entry at 1.0627 SL below 1.0605 TP1 1.0661 TP2 1.0683

KarmaSenge KarmaSenge PRO EURUSD, 60, Long , a year ago
EURUSD: Bull Bat
53 0 0
EURUSD, 60 Long
Bull Bat

Entry at 1.0627 SL below 1.0605 TP1 1.0661 TP2 1.0683

KarmaSenge KarmaSenge PRO AUDUSD, 60, Short , a year ago
AUDUSD: Bear Gartley
23 0 0
AUDUSD, 60 Short
Bear Gartley

Bear Gartley Entry at 0.72008 (although I do front run) SL at 0.7243 TP1 at 0.7130

KarmaSenge KarmaSenge PRO AUDUSD, 60, Short , a year ago
AUDUSD: Bear Cypher
64 0 0
AUDUSD, 60 Short
Bear Cypher

Bear Cypher

KarmaSenge KarmaSenge PRO USDCAD, 60, Short , a year ago
USDCAD: Bear Cypher
28 0 1
USDCAD, 60 Short
Bear Cypher

Bear Cypher on USDCAD 1H

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