KarmaSenge

PRO
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
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!
110 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
44 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
48 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
25 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
42 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
12909
3625
113513
Message Follow Following Unfollow
Last visit Egypt
34
88
370
Message Follow Following Unfollow
Last visit Gotham City
709
86
4208
Message Follow Following Unfollow
Last visit Maldives
3432
317
25791
Message Follow Following Unfollow
Last visit
8
0
32
Message Follow Following Unfollow
Last visit
26
3
126
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
83
Message Follow Following Unfollow
Last visit USA
22
1
104
Message Follow Following Unfollow
Last visit
4
0
15
Message Follow Following Unfollow
Last visit United States
15
2
66
Message Follow Following Unfollow
Last visit Germany
17
24
241
Message Follow Following Unfollow
Last visit
6
1
30
Message Follow Following Unfollow
Last visit
5408
414
33255
Message Follow Following Unfollow
Last visit
103
83
1663
Message Follow Following Unfollow
Last visit Morocco
18
7
98
Message Follow Following Unfollow
Last visit USA State of Tennessee - Nashville
175
22
948
Message Follow Following Unfollow
Last visit USA
23
7
225
Message Follow Following Unfollow
Last visit USA
16
6
138
Message Follow Following Unfollow
Online UK
5985
180
23444
Message Follow Following Unfollow
Last visit United States
444
86
1749
Message Follow Following Unfollow
Online Singapore
1163
1031
9800
Message Follow Following Unfollow
Last visit Singapore
374
154
3169
Message Follow Following Unfollow
Last visit Dubai
20367
850
90747
Message Follow Following Unfollow
Last visit Singapore
276
147
1770
Message Follow Following Unfollow
Last visit SINGAPORE
25380
1491
146135
Message Follow Following Unfollow
Last visit USA
15164
490
70861
Message Follow Following Unfollow
Last visit CA, US
4259
155
22367
Message Follow Following Unfollow
Last visit Kansas City
5268
27
16484
Message Follow Following Unfollow
Last visit Sofia, Bulgaria
2307
112
10647
Message Follow Following Unfollow
Last visit Singapore
993
210
7166
Message Follow Following Unfollow
Last visit Great Britian
3266
349
13169
Message Follow Following Unfollow
Last visit
832
186
5071
Message Follow Following Unfollow
Last visit Boston
106
17
420
Message Follow Following Unfollow
1
0
3
Message Follow Following Unfollow
Last visit USA
227
93
1997
Message Follow Following Unfollow
756
52
3911
Message Follow Following Unfollow
Last visit USA
1
0
5
Message Follow Following Unfollow
EURUSD
Euro Fx/U.S. Dollar
Follow Following Unfollow
Market
Browse
Type
Browse
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out