If I am reading you correct, this in wrong. The pattern is not valid if point C is beyond point A. Point see must be between 61.8 and 78.6 AB for a true ABCD. Any other retracement can give AB=CD, but the reward:risk of AB=CD can be much worse than ...

Ratios & Harmonics: a Different Way to Trade

Try not to predict direction. Draw the next wave and watch it. See where it goes. I too traded that short swing from 1.29770 to 1.29112. It failed, they do that. Again, I did not have confluence, structure, or any other KEY criteria mentioned by Mr. ...

Ratios & Harmonics: a Different Way to Trade

Here is my overnight winner-- image Now, most people would wonder why the heck I drew that wave. Answer is: I am trying everything. Right now the market is moving like a drunken sailor. We want sexy ballroom dancing, but do not get it. Even still, ...

Ratios & Harmonics: a Different Way to Trade

Unless I am mis-reading your charts, those are not proper ABCD's. Yes, they worked, but they do not follow the general rule for ABCD. The C point must be between 61.8% and 78.6% AB. The market can 'wick' past 78.6% but cannot close beyond that. As ...

Ratios & Harmonics: a Different Way to Trade

This is why 95% of traders fail. Something works, then does not work, then they bail for the next 'latest and greatest'. Mark my words, this line of thinking will make you a loser. No offense, but it is the truth. It is the way I traded for many ...

Ratios & Harmonics: a Different Way to Trade

Shadow, March is proving challenging for me as well. That is the way it goes, key is to press on. I only use 1% of my acct per trade in demo, probably only 0.5% live before getting comfortable enough to up it. Caution will kept us in the game while ...

Ratios & Harmonics: a Different Way to Trade

Continued... Aqua5 EURUSD 5min-- image Gray, Plum5, and Silver are in play to various degrees. Could be awesome, could be carnage. I was testing ideas on where to put waves. Salmon, gray, and Plum5 are all longs based on the most recent swing. ...

Bronco Capital's ABCD Harmonic Pattern Journal

Well eff me sideways, I cannot buy a 61.8% winner, and when one shows up, I do not even have the order waiting. Joy! The way it goes, and one reason I was not keen on jumping live quite yet. Equities markets did it to me today as well. One limit hit ...

Bronco Capital's ABCD Harmonic Pattern Journal

No real good waves today. 1 trade that stopped out the 61.8 and hit target on the StopNRev for +$1.08 or +0.1R. Nothing to get too excited, but stayed out of trouble too. Lots of programming to do. Green5 EURUSD 5min-- image

Bronco Capital's ABCD Harmonic Pattern Journal

Not to be the Sheriff, but this is a no-go. I think Mr. Pip will agree, but being able to manually draw, recognize, and evaluate patterns manually is part of the learning process. There are no short-cuts, EA's that make this easy. If it was easy, ...

Ratios & Harmonics: a Different Way to Trade

Continued... Yellow EURUSD 1min 20130305-- image Green EURUSD 1min 20130305-- image Silver EURUSD 1min 20130304-- image White EURUSD 1min 20130304-- image So, that is all for my exhausting, chaotic week. I will continue to trade next week, ...

Bronco Capital's ABCD Harmonic Pattern Journal

Continued... Pink15 EURUSD 15min 20130307-- image Gray EURUSD 1min 20130307-- image Green EURUSD 1min 20130307-- image Plum30 EURUSD 30min 20130308 (Dibo, this is the trade you posted)-- image White EURUSD 1min 20130305-- image

Bronco Capital's ABCD Harmonic Pattern Journal

Okay, big update time-- First a couple of thoughts: (1) MARKETS CHANGE--that is why we track trades, build statistics, never stop learning. This week was notably different than prior ones. I am looking at how, why, and if adjustments are needed. (2) ...

Bronco Capital's ABCD Harmonic Pattern Journal

Ha! Yeah, I was in that trade, full loss as the 78.6% stop and rev got me. Full synopsis of the week coming up. Lots to show, lots to learn, markets change, being able to see, adjust, and overcome is key. Even still, I had a win rate of only 30.8%. ...

Bronco Capital's ABCD Harmonic Pattern Journal

Markets are passive-aggressive, bi-polar bat crap crazy right now (at least compared to Feb.). But remember, based on my stats and talking with others, aggressive C entries only win ~50% of the time or less. I hover around 35%. Money management is ...

Ratios & Harmonics: a Different Way to Trade

A key, if not THE key in surviving the forex market is being able to accept and appreciate losses. Wanting to be 100% right is human nature, plus what we are taught growing up (think tests, entrance exams, etc.). Losses tell you something if you ...

Ratios & Harmonics: a Different Way to Trade

Spectacular, keep it up. This week's price action is notably different from the last few. Lots of 78.6% retraces that do not go to 100%. On the other hand, trends are not allowing 61.8% retraces. So either you get in during chop or cannot get in ...

Bronco Capital's ABCD Harmonic Pattern Journal

Yup, I was in this, it retraced to 78.6%, so I was stopped out, and the Stop and Reverse is basically flat. The secondary lower high may have foreshadowed the failure. On the other hand, it is sloppy out there!

Ratios & Harmonics: a Different Way to Trade

Markets are brutal right now, EURUSD is stuck in the daily range from Friday, deep retraces have burned my 78.6% stop and reverse. To be expected, but not fun to experience. It will likely break out of this mess tomorrow or Friday with significant ...

Ratios & Harmonics: a Different Way to Trade

Good start, poor finish--Hard day where I just was not getting the waves entered at the right time. Missed at least one good entry while another wave took me for a double 61.8+78.6 StopNRev loss. More stats though! And I will get a ledger posted ...

Bronco Capital's ABCD Harmonic Pattern Journal