In it to win it, even on FOMC days. Perfect trade in the post-announcement chaos. Looking back, it was an odd place to draw a wave, but, that is what discretionary trading is about. The key is consistency. Grinding on! Ledger-- image Yellow EURUSD ...

Bronco Capital's ABCD Harmonic Pattern Journal

Yeah, my data had a few typos, mistakes as well. That is the other beauty of collection 100's of trades. 1 mistake does not heavily affect the statistics. As far as I can tell, the extensions past 100AB and 0AB are 50:50. I wish I could find a way ...

Bronco Capital's ABCD Harmonic Pattern Journal

Bary is right. I do not trade waves less than 20 pips (A to B) as the 61.8 and 78.6 levels get precariously close, esp. if the spread widens. 61.8% of 20 is ~12.5 pips which would be my target and the stop is ~3.5 pips. More importantly is the money ...

Ratios & Harmonics: a Different Way to Trade

Continued... Gray EURUSD 1min-- image White EURUSD 1min-- image Gold EURUSD 1min-- image Stay 'in it to win it' traders! If the news scares you, trade smaller, but the only way to grow and learn is to participate.

Bronco Capital's ABCD Harmonic Pattern Journal

What a day to be in the markets. ABCDs as far as the eye could see. I grabbed 3 of them but missed at least 3 more. News makes the markets spastic, but that also provides opportunity. Risk controls plus money management is key. Two of the wins came ...

Bronco Capital's ABCD Harmonic Pattern Journal

ABCD heaven today, I missed two, well four actually. Still found three winners. Market is bat-crap crazy right now, trade small, but still trade. How about this one? Got the cajones to double down and take it twice? Would have worked! image Some ...

Ratios & Harmonics: a Different Way to Trade

What a day and what a weekend. That gap was epic given I was short. Returned 12R on a normal 3.5R trade. It will skew my statistics for the month, but goes to show what can (AND WILL) happen in forex. I easily could have been long as well. The ...

Bronco Capital's ABCD Harmonic Pattern Journal

Downloaded this book from the library, looks interesting. Everything I post here and how I work is based on my own experiences. I have been designing systems for 5+ years, but jumped around too much early on. I am focused on these ABCD's until the ...

Bronco Capital's ABCD Harmonic Pattern Journal

How about this for a premier set up? image You have an AB=CD coupled with structure to the left. The long wicked doji/hammer probed the support and it exploded. About as perfect as they come (except the fact that it missed my 61.8% entry a few ...

Ratios & Harmonics: a Different Way to Trade

Yeah, I was wrecked from this weekend and did not trade this AM. Drew the fibs on that wave, and shook my head. A great trade that I missed, but it happens. Good luck and nice trading! But forgot to add I was short over the weekend. Regular 3.6R ...

Ratios & Harmonics: a Different Way to Trade

Of course, it is always about %'s and R:R. There is an intimate relationship. Based on years and years (and years) of testing, I find most strategies equilibrate at ~breakeven. Which makes sense. Highly profitable would be awesome, but edge may ...

Bronco Capital's ABCD Harmonic Pattern Journal

Hi guys, Yes, Dibo is 100% correct here. It is funny how people focus only on win% or only on Reward:Risk. These two variables work in tandem. Add to that fact, knowing your personal psychology. As Dibo mentioned, we only need ~25% win rate to be ...

Bronco Capital's ABCD Harmonic Pattern Journal

Awesome work, this is how systems are rigorously tested. Grind it out, study the data, tweak, then start all over. I will keep looking over the data, but when I apply my strategy to your results I get the following. Using 99 trades (I think we are ...

Bronco Capital's ABCD Harmonic Pattern Journal

I keep pushing, the market keeps moving, but what a mind-f'. Nothing much to report today. I have one trade that initially worked very well but closed poorly. Within a few pips of target. Had three other trades where the StopNRev worked as planned. ...

Bronco Capital's ABCD Harmonic Pattern Journal

Continued... Plum5 EURUSD 5min-- image Silver30 EURUSD 30min-- image Magenta5 EURUSD 5min-- image There has been much chatter about EURUSD price action in March. It is notably different than February, that is for sure, but I do not know which ...

Bronco Capital's ABCD Harmonic Pattern Journal

No update yesterday as college hoops took priority! Still working with the EURUSD's bipolar tendicies. A few solid winners, a few nice StopNRev opportunities, but still too many retracements hitting 78.6% then going to target at 0%. By the end of ...

Bronco Capital's ABCD Harmonic Pattern Journal

Quickie, Here is a nice ABCD that also shows Mr. Pip's use of AB=CD and the potential reversal zone at D that coincided with structure to the left. For those that have not found it, there is a paperclip at the top of the page that links to all ...

Ratios & Harmonics: a Different Way to Trade

Sounds like you are on the right path. I demo only to gather statistics, but you are correct that both psychologically and w/r/t fills/gaps/etc there is no replacement for small size live trading. I suggest you (we) look at Mr. Pip's old charts. ...

Ratios & Harmonics: a Different Way to Trade

Shadow, This is really where you make the system you own. If you create the rules, you will more likely follow them than if someone else does. I do not want to speak for Mr. Pip, but I do think the chart you posted is valid. It actually may prove ...

Ratios & Harmonics: a Different Way to Trade

I am trading the same move, although I drew my A point further to the left (slightly higher start). Just filled. Stop at 78.6%. Let us see, it could take a while. Cheers!

Ratios & Harmonics: a Different Way to Trade