Yesterday i posted a EURUSD chart analyzing what i expect in the market in the long run (link below). But when we wait a main setup to complete, we still may have short term opportunities, like this one. I have identified a pending bearish pattern with it's D point completing at the upper parallel of a valid median line set. If it completes it will be a nice trade with great risk reward ratio.
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交易开始
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交易结束：到达目标
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First trade, a successful one. Move your stoploss to BE at second position for a risk free trade
Hi FXprotrader, can you give me your pattern ratios you using? Like all ratios for every pattern, cypher,shark, butterfly,crab,bat. I have been struggling lately with doing research, and different sources use quite different ratios than others.
Fxprotrader
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It's not my ratios which work.. The patterns have specific rules you should follow.. Very soon i will launch my website and there you may find the harmonics i trade.. :)
FX_Twist
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I know that mate, but for example some sources say cypher pattern's AB leg can be from 0.382-0.618% retracement, then i see some sources which state that only 0.382-0.5% retracements are used. And these things confuse me. I have been struggling to find the exact right rules for some patterns. Can you maybe take a quick look and check how these ratios line up? Are they correct?
Fxprotrader
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I only use gartley, bat and cypher. This plan has some mistakes.. I will sent you the ratios of the pattern i use.
FX_Twist
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thank you dude.
Fxprotrader
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Gartley: B must touch 0.618 of XA and must not touch 0.786. C must touch 0.382 of AB and must not exceed A point. D completes at 0.786 of XA and must touch the 1.27 extention of BC.
Fxprotrader
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Bat: B must touch 0.50 of XA and must not touch 0.618. C must touch 0.382 of AB and must not exceed A point. D completes at 0.886 of XA and must touch the 1.618 extention of BC.
Fxprotrader
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Cypher: B must touch 0.382 of XA and must not touch 0.618. C must touch 1.27 of XA and must not touch the 1.414 extention of XA. D completes at 0.786 of XC