KarmaSenge

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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 USDJPY, 15,
USDJPY: 38.2% Profit Target is the best!
122 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 GBPNZD, 60,
GBPNZD: Oh Look at that, ANOTHER Failed Cypher Pattern
55 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 ,
EURGBP: Bull Bat
45 0 2
EURGBP, 15 Long
Bull Bat

Entry around 0.76025 Stops below X Target at 0.76610

KarmaSenge KarmaSenge 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 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 USDCAD, 15, Short ,
USDCAD: USDCAD Bear Gartley Pattern
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 ,
EURUSD: EURUSD Bearish Bat
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 ,
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 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 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 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 NZDUSD, 240,
NZDUSD: The POWER of Harmonic Patterns
64 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 ,
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 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 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 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 AUDUSD, 60, Short ,
AUDUSD: Bear Cypher
65 0 0
AUDUSD, 60 Short
Bear Cypher

Bear Cypher

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

Bear Cypher on USDCAD 1H

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