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Harmonic Setup


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Harmonic Setup

  #11 (permalink)
 
kashbg's Avatar
 kashbg 
London
 
Experience: Intermediate
Platform: LMAX
Trading: GBP/USD EUR/USD
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wh View Post
I believe i found myself. i do not know exactly. but i know i do not coding and i do not thinking just trading for inner peace and freedom. i worked a lot and search for a nice setup.

here my rules i will not break:
  1. Risk 1 % per Trade trading EURUSD/GBPUSD.
  2. Two Trade per Day and one trade per Pair ( Diversification ).
  3. Only profitable trades with 1 : 1.3333 ratio.
  4. After a losing Trade i shut down my PC and go running, then i know tomorrow is a new trading day.
  5. I release before and after each Trade (Meditation, Sedona, Core, Walking, Running).
  6. I contol my emotions.
  7. I know AB = CD
  8. Entry - Only Limit Orders @ 38,2, 61,8, 76,4
  9. Exit @ CD Forecast in combination with ADR.
  10. Harmony in my 15 Minute Chart ...
  11. SR - Level look @ Fibonacci ... and so on.
  12. I do not trade news.
  13. Trading Time is 08:00 - 16:00 gmt+1.

Hi there, very nice of you to share your setup, that works for you. The only thing that springs to mind looking at the above list is that your main job is not trading, or to put it in a different way, you are not trading for a living maybe because you are well off or else. It is OK if that's the case, and I like your setup.
Personally I trade for a living, and every day I know I would have to take some losses, but I put that down as my costs to make money. Of course if my losses hit a certain level then I would stop, but generally I carry on regardless. I do not believe there is anybody who can have 100% winers consistently but if you average 60 to 80% winners on a large volume then you have a good day, paid the bills and have some to spoil yourself.

"The only thing to do when a man is wrong is to be right by ceasing to be wrong." - Edwin Lefevre -
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  #12 (permalink)
 
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 Big Mike 
Manta, Ecuador
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All / @wh:



The Big Mike Challenge #2 starts in June and is about Teaching Trading Methods. If you wish to participate, please read the above link.

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  #13 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Tip


Harmonic Traders might want to join the Suri Duddella webinar tomorrow, Tue 14th @ 4:30pm Eastern:



Ten autographed copies of his book will be given away during the webinar. You can also submit your questions and be part of the Q&A.

If you miss the webinar, it will be posted in our usual webinar archives section:
Trading Webinars, Trading Videos - [AUTOLINK]Big Mike Trading[/AUTOLINK] Forum




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  #14 (permalink)
 
ghcardenas's Avatar
 ghcardenas 
Caracas Miranda/Venezuela
 
Experience: Intermediate
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"I know AB = CD"

As I know this rule is just only for Gartley right? Other patterns has not this rule mandatory.


Thanks and keep going..!


Cardenas

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  #15 (permalink)
 
cory's Avatar
 cory 
virginia
 
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ghcardenas View Post
"I know AB = CD"

As I know this rule is just only for Gartley right? Other patterns has not this rule mandatory.


Thanks and keep going..!


Cardenas

as long as I have AB=CD that is good enough for me. I call it thunderbolt pattern.

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Last Updated on August 22, 2011


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