Harmonic Trading - page 399

FOREXPRO4.5
52
FOREXPRO4.5  

thank you, it's ok

Aki Miu
2407
Aki Miu  
forexpro4.5:
thank you, it's ok

You're very welcome

Chrisldn
16
Chrisldn  

Try this as a support and resistance. I think is better....

Files:
Aki Miu
2407
Aki Miu  

NZDUSD M15 long 15pips. The price could go higher (NZD data will be announced soon). I closed the position cuz I'm tired I'm going to sleep lol... Have a nice harmonic trade guys.

Files:
Aki Miu
2407
Aki Miu  
Chris.ldn:
Try this as a support and resistance. I think is better....

Thank you chris I'll give a shot.

Aki Miu
2407
Aki Miu  
Chris.ldn:
Try this as a support and resistance. I think is better....

I just tried that out But I still prefer sup-res3 because when a pattern shows up I draw fibo levels. The indicator helps me find support and resistance within a pattern. You can take a look at some of my pics and see what I mean if you wanna make sure what I mean. TLB OC v02 is good too. I used to use such indicator. Thank you anyways

Chrisldn
16
Chrisldn  

We will see if the do like this..

Files:
gbpusdh1.png 50 kb
poruchik
1921
poruchik  

2 ge______________

Files:
rht.png 73 kb
ozan
413
ozan  
poruchik:
2 ge______________

61.8 is not the last stop for wave 2, bro. It would be better not to exceed more than 61.8 but not essential.

Don't believe what it writes in the article @ Elliott Wave Theory - Technical Analysis

Even the example picture they put there is not an elliott wave.

Wave 3, 4 & 5 determine the fate of wave, not wave 2.

And leg lengths and time relations between these legs are very very important.

Targets for wave 2

Wave 2 retraces at least 38.2% but mostly 61.8% or more of wave 1. It often stops at sub wave 4 and more often at sub wave 2 of previous wave 1. A retracement of more than 78.6% is highly suspicious, although it doesn't break any rules yet.

Aki Miu
2407
Aki Miu  
grandaevus:
61.8 is not the last stop for wave 2, bro. It would be better not to exceed more than 61.8 but not essential. Don't believe what it writes in the article @ Elliott Wave Theory - Technical Analysis Even the example picture they put there is not an elliott wave. Wave 3, 4 & 5 determine the fate of wave, not wave 1. And leg lengths and time relations between these legs are very very important. Targets for wave 2 Wave 2 retraces at least 38.2% but mostly 61.8% or more of wave 1. It often stops at sub wave 4 and more often at sub wave 2 of previous wave 1. A retracement of more than 78.6% is highly suspicious, although it doesn't break any rules yet.

Fibonacci rocks...