hey gator, my harmonic indicator (ZUP 62) draw a bearish bat last friday on the 1H chart, but invalidated it today during London session. you seem to still have that pattern as valid. what indicator are you using?

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my thoughts exactly. they have a lot of guns, but they don't use them

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I like the way you think

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immediate trend is up. however, the odds favor a daily close below 3680. should that happen 3646 is very likely to get breached tomorrow. that will make for day with a greater level of uncertainty.

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40+ times consecutive black or red are not unheard of. most people think another black or red in a row as more improbable. this justs shows the average human is poorly equipped to deal with probabilities in a bayesian way.

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Can you make money from those certainties? no 300%. all the other numbers are possible imo

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How can it be healthy money management when you keep adding to a losing position? Unless you are 100% sure market is going to reverse and there's no such thing as 100% sure imo.

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lol

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shame i didn't took the short. there was a very strong case for downside. on the other hand, i remain true to my system and went long @ 3647. looking good so far, although i'm a little uncomfortable with the position... still seeing 3617 as a ...

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thank you for the feedback ChinaWombat

trading forex using Gartley Patterns

a likely scenario for this week is that it will start with the printing of a high above last week's 3714 followed by test of support @ 3617 area.

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How to trade this pattern? (i'm new to harmonic patterns, hence the question) I was thinking: entry 13713 stop 13759 target 13617 r/r ratio looks decent. What do you think?

trading forex using Gartley Patterns

kor4x seems to think it's a valid pattern (bearish bat btw): url

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gartley on 1H? — i've just instaled an harmonic trading indicator (ZUP 82) and it shows some kind of bearish gartley pattern on 1H. anyway, i'm new to harmonic patterns and as such have no idea if the pattern is valid. i would really ...

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of that i know very little my friend. i close all positions latest by the end of the day. good luck and have a nice weekend.

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not taking any more positions today. just waiting to close the remaining of my long position. looks like a good area to sell though. good r/r ratio. weekly R1 @ 3694 and already overbought according to murrey math. my own levels show weekly ...

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it's ok. we're all entitled to having muppet moments. at least you were not a sarcastic muppet like some here who think they know all and automatically discard views/methods they do not understand.

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ahah good afternoon to you too and yes what i've said is common knowledge, but i always need numbers to back up even the safest of assumptions lol

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ouch that sucks big time and wow you were expecting this move for 2 weeks. i only saw it today while watching price action. this move does have a supportive TL going back from 31 dec high to yesterday's low. did your algos use that TL to predict ...

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excellent post. i've found that the market seems to 'know' fundamentals impact ahead of time more often than not. from a quantitative approach fundamental days do not differ significantly from any other day (range considerations aside)... therefore ...

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