KarmaSenge

Message Follow Following Unfollow
About me Chief Currency Analyst & Head Trading Coach at KarmaSenge.com. Join one of our webinars at http://karmasenge.com/webinar
Joined United States karmasenge
Markets Allocation
100 % forex
Top Mentioned Symbols
EURUSD 24% | 6 AUDUSD 12% | 3 USDCAD 12% | 3 EURGBP 8% | 2
125 1 9
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 ...

57 0 6
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 EURGBP, 15, Long ,
47 0 2
EURGBP, 15 Long
Bull Bat

Entry around 0.76025 Stops below X Target at 0.76610

KarmaSenge KarmaSenge AUDUSD, 60, Short ,
49 0 1
AUDUSD, 60 Short
Bear Bat

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

KarmaSenge KarmaSenge EURAUD, 60, Long ,
25 0 1
EURAUD, 60 Long
Bull Butterfly

Bull Butterfly Entry at 1.52373 Stop at 1.51235 Target at 1.54637

KarmaSenge KarmaSenge USDCAD, 15, Short ,
130 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 EURUSD, 15, Short ,
43 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 GBPAUD, 15, Short ,
38 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 NZDCAD, D, Short ,
39 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 AUDCAD, 60, Long ,
23 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 EURGBP, 60, Long ,
47 1 2
EURGBP, 60 Long
Bull Bat

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

67 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 AUDJPY, 240, Short ,
84 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 EURUSD, 60, Long ,
68 0 0
EURUSD, 60 Long
Bull Bat

Entry at 1.0627 SL below 1.0605 TP1 1.0661 TP2 1.0683

KarmaSenge KarmaSenge EURUSD, 60, Long ,
53 0 0
EURUSD, 60 Long
Bull Bat

Entry at 1.0627 SL below 1.0605 TP1 1.0661 TP2 1.0683

KarmaSenge KarmaSenge AUDUSD, 60, Short ,
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 AUDUSD, 60, Short ,
65 0 0
AUDUSD, 60 Short
Bear Cypher

Bear Cypher

KarmaSenge KarmaSenge USDCAD, 60, Short ,
29 0 1
USDCAD, 60 Short
Bear Cypher

Bear Cypher on USDCAD 1H

Show More Ideas 12
Last visit
0
0
0
Message Follow Following Unfollow
Last visit
0
4
28
Message Follow Following Unfollow
Last visit
1
0
20
Message Follow Following Unfollow
Last visit South Africa
3
2
29
Message Follow Following Unfollow
Last visit
180
0
572
Message Follow Following Unfollow
Last visit
0
0
0
Message Follow Following Unfollow
Last visit
748
31
1672
Message Follow Following Unfollow
Last visit
6
5
128
Message Follow Following Unfollow
Last visit
2
1
44
Message Follow Following Unfollow
Last visit
1
0
0
Message Follow Following Unfollow
Last visit
2
0
33
Message Follow Following Unfollow
Last visit
2
0
18
Message Follow Following Unfollow
Last visit
3
0
37
Message Follow Following Unfollow
Last visit Australia
0
0
25
Message Follow Following Unfollow
Last visit
1
0
0
Message Follow Following Unfollow
3
2
74
Message Follow Following Unfollow
Last visit
1
0
46
Message Follow Following Unfollow
0
0
0
Message Follow Following Unfollow
Last visit
3
9
102
Message Follow Following Unfollow
Last visit USA
60
36
563
Message Follow Following Unfollow
Last visit
815
250
5465
Message Follow Following Unfollow
Last visit SINGAPORE
54001
1669
260344
Message Follow Following Unfollow
Last visit Singapore
541
223
4462
Message Follow Following Unfollow
Last visit Singapore
1704
305
10552
Message Follow Following Unfollow
Last visit USA
1
0
5
Message Follow Following Unfollow
Last visit
1364
70
6236
Message Follow Following Unfollow
Last visit Singapore
255
147
1730
Message Follow Following Unfollow
Last visit CA, US
7150
155
38722
Message Follow Following Unfollow
Last visit USA
217
93
1956
Message Follow Following Unfollow
Last visit Singapore
1774
1133
13548
Message Follow Following Unfollow
Last visit Great Britian
4825
353
15842
Message Follow Following Unfollow
Last visit USA
19144
577
87171
Message Follow Following Unfollow
Last visit Las Angeles
5673
30
17769
Message Follow Following Unfollow
Last visit
2
0
3
Message Follow Following Unfollow
Last visit Boston
98
17
412
Message Follow Following Unfollow
Last visit United States
662
91
2460
Message Follow Following Unfollow
Last visit EARTH
27344
911
120304
Message Follow Following Unfollow
Last visit UK
6863
185
27247
Message Follow Following Unfollow
Last visit Sofia, Bulgaria
3198
125
14283
Message Follow Following Unfollow
EURUSD
Euro Fx/U.S. Dollar
Follow Following Unfollow
Market
Browse
Type
Browse
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out