Used Harmonic Scanner then tried to make sense of it. Charts don't make much sense to me right now. Maybe it's because I had a weird night at work. Funny how that works. Anyway, I tried. Let's see what happens.
Harmonic scanner strategy in action
A bit confused about where to line up my c and d with pitchfork
implementing quarter theory for this first time here
definitely visible patterns.
Using a pitchform from last week with Harmonic Strategy I've been practicing. Need to understand lot sizes more. But I def. think I'm on the right track.
I looked at the clues, and every time price hit the line on the pitchfork (resistance) it ultimately led back to support. I am new to learning this strategy so I played it safe(r) by not putting my take profit...
Brain feels fried at this point. I am taking this risk bc the pip risk is only 6 and the reward is 49. I know scanner already activated on entry, but I still want to give this a shot to see if my technical analysis is correct. I need to understand breakout method a bit more.
Harmonic Scanner Strategy / Actually feeling very confident in this trade. I've been studying a new strategy which creates so much opportunity from the harmonic scanner. Smaller stop loss, and higher reward. I hope to see some progress on this trade : )
Watched training on Harmonic Strategy, still need to learn more though.
I did learn how to draw harmonics though, and by working backwards I am trying to understand why trade makes sense to help me learn.
Testing same theory again. Price hit resistance more than 3 times, instead of only 2; this leads me to believe price will now go in the opposite direction. Once again, will it hit the entry point? That I do not know. I just hope that it does because it's already in a strong sell.
Fluctuation of price is the only thing I really have which leads me to believe it...
I've been noticing on a lot of support and resistance, once price touches twice it goes the other way a lot. I'm testing this theory through my demo account. In order to make it a 5 pip stop loss, and a 12 pip gain, I'm hoping price keeps fluctuating to where it hits my sell limit, then goes the way I expect it to. Now if it will go up to my sell limit, I don't...
