Strategy: Harmonic Pattern Trading

Target profit: 75pips per week
Indicators: Channel Movement, Harmonic Patterns, RSI
Important chart pattern: double-top/bottom and Head & Shoulder, divergence and convergence
Important candlestick: Doji, bullish/bearish engulfing

My Trading Mantra

1. Objectively identify my edges - I have a system here that works.
2. Pre-define the risk of every trade.
3. Completely accept the risk. Consider the money GONE.
4. ACT on my edges without reservation or hesitation. Follow the rules and take every trade that meets the conditions.
5. Pay myself as the market makes money available. Take the profits and be happy. Even if compounding my account, pay myself something out of my profits each month.
6. Continually monitor my susceptibility for making errors.
7. Understand the absolute necessity of these principles, and therefore I never violate them.

Tuesday, April 30, 2013

AUDCAD H1 BAT short position

Waiting for BAT pattern to complete. Pending short position.

Your trade results will show if you are doing what is correct or you are doing what you like
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EURGBP Daily BAT long position

Waiting for BAT pattern to complete. Pending long position.


Your trade results will show if you are doing what is correct or you are doing what you like
Posted by at No comments:

USDCHF H4 BAT long position



Waiting for BAT pattern to complete. Pending long position.

Your trade results will show if you are doing what is correct or you are doing what you like
Posted by at No comments:

USDCHF H4 GARTLEY long position


Waiting for GARTLEY pattern to complete. Pending long position.

Your trade results will show if you are doing what is correct or you are doing what you like
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USDCAD H4 GARTLEY long position


Waiting for GARTLEY pattern to complete. Pending short position. Potential Reversal Zone, PRZ is slightly loose but still valid.

Your trade results will show if you are doing what is correct or you are doing what you like
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EURUSD Daily BAT short position


Waiting for BAT pattern to complete. Pending short position.

Your trade results will show if you are doing what is correct or you are doing what you like
Posted by at No comments:

EURCHF H4 BAT long position



Waiting for BAT pattern to complete. Pending long position.


Your trade results will show if you are doing what is correct or you are doing what you like
Posted by at No comments:

USDSGD H1 GARTLEY long position


Long position triggered at Potential Reversal Zone, PRZ. Currently in the money, ITM.

Your trade results will show if you are doing what is correct or you are doing what you like
Posted by at No comments:
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