Hi, I am very new to trading and this site. I have a keen interest in Harmonics and am fascinated how accurate they can be. But would like to ask a Question...... Why did you make point X where you did? Surely X should be at the previous low (Or at least that is what my humble opinion would be). That would surely still make your position of 'D' (Poss Reversal Point) around the 78.6 area not 1.326 ? Just wondered cos that's how I had drawn it before seeing your post. If I am doing something wrong, then please help me. I read these to learn not to criticise any one. Also what is significant to 1.326? I have read about 38.2, 61.8, 78.6, 88.6, 113, 127, 161 etc but never 1.326...... I assume they are fib retracements
erfantrader
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thanks
ItsJ_
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let's get rich ;)
Smiley8080
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She rises!
ItsJ_
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It's gonna be YUHUGE!!!!!!!!!!!!! ;)
Smiley8080
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No bottom in sight.
Smiley8080
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Hmmm..slow rise..
ItsJ_
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patience my friend. it's going to be great ;)
Smiley8080
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Hmmm, where is ti going to go?, thanks for the chart, whats the future?
ItsJ_
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take 50% at tp1 25% at tp2, then have a trailing stop above tp2 and let the remaining 25% ride until you get stopped out.