KarmaSenge

PRO
Message Follow Following Unfollow
About me Chief Currency Analyst & Head Trading Coach at KarmaSenge.com. Subscribe to our Podcast at http://karmasenge.com/itunes
Joined United States karmasenge
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,
USDJPY: 38.2% Profit Target is the best!
104 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 ...

KarmaSenge KarmaSenge PRO GBPNZD, 60,
GBPNZD: Oh Look at that, ANOTHER Failed Cypher Pattern
52 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 PRO EURGBP, 15, Long ,
EURGBP: Bull Bat
43 0 2
EURGBP, 15 Long
Bull Bat

Entry around 0.76025 Stops below X Target at 0.76610

KarmaSenge KarmaSenge PRO AUDUSD, 60, Short ,
AUDUSD: Bear Bat
47 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 ,
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 ,
USDCAD: USDCAD Bear Gartley Pattern
129 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 ,
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 ,
GBPAUD: GBPAUD Bearish Bat Pattern
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 PRO NZDCAD, D, Short ,
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 ,
AUDCAD: Bull Gartley
21 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 ,
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,
NZDUSD: The POWER of Harmonic Patterns
63 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 ,
AUDJPY: AUDJPY Short Zone
83 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 ,
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 ,
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 ,
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 ,
AUDUSD: Bear Cypher
64 0 0
AUDUSD, 60 Short
Bear Cypher

Bear Cypher

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

Bear Cypher on USDCAD 1H

12 Show More Ideas
Last visit
13
4
111
Message Follow Following Unfollow
Last visit
8
1
42
Message Follow Following Unfollow
Last visit
83
1
393
Message Follow Following Unfollow
Last visit
0
0
0
Message Follow Following Unfollow
Last visit
9245
3060
81928
Message Follow Following Unfollow
Last visit Egypt
28
88
349
Message Follow Following Unfollow
Last visit Gotham City
720
83
4229
Message Follow Following Unfollow
Last visit Maldives
3384
317
25648
Message Follow Following Unfollow
Last visit
6
0
32
Message Follow Following Unfollow
Last visit
23
3
111
Message Follow Following Unfollow
Last visit
0
0
0
Message Follow Following Unfollow
Last visit
0
0
0
Message Follow Following Unfollow
Last visit
16
1
81
Message Follow Following Unfollow
Last visit USA
19
1
94
Message Follow Following Unfollow
Last visit
251
311
4277
Message Follow Following Unfollow
Last visit
3
0
15
Message Follow Following Unfollow
Last visit United States
14
2
63
Message Follow Following Unfollow
Last visit Germany
16
24
245
Message Follow Following Unfollow
Last visit
6
1
30
Message Follow Following Unfollow
Online Istanbul, Turkey
1284
115
4360
Message Follow Following Unfollow
Last visit UK
5697
179
22366
Message Follow Following Unfollow
Last visit United States
396
86
1598
Message Follow Following Unfollow
Last visit Singapore
926
983
7723
Message Follow Following Unfollow
Last visit Singapore
346
134
2652
Message Follow Following Unfollow
Last visit Jordan
16803
793
71074
Message Follow Following Unfollow
Last visit Singapore
276
147
1767
Message Follow Following Unfollow
Online SINGAPORE
20114
1435
117338
Message Follow Following Unfollow
Last visit USA
13379
420
59766
Message Follow Following Unfollow
Last visit CA, US
3669
155
19246
Message Follow Following Unfollow
Last visit Kansas City
5059
27
15973
Message Follow Following Unfollow
Last visit Sofia, Bulgaria
2200
111
10051
Message Follow Following Unfollow
Last visit Singapore
920
193
6613
Message Follow Following Unfollow
Last visit Great Britian
2770
349
12209
Message Follow Following Unfollow
Last visit
793
164
4433
Message Follow Following Unfollow
Last visit Boston
105
17
413
Message Follow Following Unfollow
1
0
3
Message Follow Following Unfollow
Last visit USA
203
81
1621
Message Follow Following Unfollow
247
23
1238
Message Follow Following Unfollow
Last visit USA
1
0
5
Message Follow Following Unfollow
EURUSD
Euro Fx/U.S. Dollar
Follow Following Unfollow
Market
Interval
Browse
Time
Type
Browse
Time
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out