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Harmonic Setup


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  #1 (permalink)
 
wh's Avatar
 wh 
Neubrandenburg, Germany
 
Experience: Advanced
Platform: R
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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.


Causality is the relationship between an event (the cause) and a second event (the effect), where the second event is a consequence of the first.
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  #2 (permalink)
 
wh's Avatar
 wh 
Neubrandenburg, Germany
 
Experience: Advanced
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Posts: 538 since Jun 2009
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Ok i break one rules today.

1. Not in TradingZone.

Nice Day ...


Causality is the relationship between an event (the cause) and a second event (the effect), where the second event is a consequence of the first.
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  #3 (permalink)
 thaifans 
Hong Kong
 
Experience: Intermediate
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Keep going i also like harmonic step up. Beside harmonic set up, did y use any indicator ? Anyway nice start..


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  #4 (permalink)
 
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 Dragon 
Bellingham, WA
 
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wh View Post
I believe i found myself.

Beautiful. Everyone needs to quit trying to mold to someone else's style.


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  #5 (permalink)
 
wh's Avatar
 wh 
Neubrandenburg, Germany
 
Experience: Advanced
Platform: R
Trading: Stocks
Posts: 538 since Jun 2009
Thanks Given: 298
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thaifans View Post
Keep going i also like harmonic step up. Beside harmonic set up, did y use any indicator ? Anyway nice start..

The main idea: Do not use any indicator for trading, the reason is the lag on sr-levels.

3 minute chart: only WMAs from 1 - 200 for Breakout and Trendline.
15 minute chart: my InsideBar for SL - Calculation
4 hour chart: clear only fib-levels
2.5 day chart: clear only fib-levels


Causality is the relationship between an event (the cause) and a second event (the effect), where the second event is a consequence of the first.
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  #6 (permalink)
 
wh's Avatar
 wh 
Neubrandenburg, Germany
 
Experience: Advanced
Platform: R
Trading: Stocks
Posts: 538 since Jun 2009
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Here a mindmap with all my rules ...
Sorry all in german ... but i do not translate, this are my thoughts.

But hope it helps. The image is on my second screen.
New Version ...


Causality is the relationship between an event (the cause) and a second event (the effect), where the second event is a consequence of the first.
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wh's Avatar
 wh 
Neubrandenburg, Germany
 
Experience: Advanced
Platform: R
Trading: Stocks
Posts: 538 since Jun 2009
Thanks Given: 298
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http://www.golearnforex.net/forex-101-classroom/104-understanding-the-risks-in-forex-trading.html
Forex: To trade, or not to trade? Many are reluctant to involve in Forex trading because of its ‘risks’. Generally speaking, there are risks everywhere in our life: Factories may malfunction, customer may not walk-in if you open a shop, stock market may crush, and if you are employed you may get fired during company downsizing. There are risks everywhere! The important issue here is how you learn and maintain your risk. So if you are considering participating in Forex market, you should learn managing the risk involved, instead of being terrified.

Here a nice link of live and forex ...

https://www.golearnforex.net/forex-101-classroom/104-understanding-the-risks-in-forex-trading.html


Causality is the relationship between an event (the cause) and a second event (the effect), where the second event is a consequence of the first.
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  #8 (permalink)
 
wh's Avatar
 wh 
Neubrandenburg, Germany
 
Experience: Advanced
Platform: R
Trading: Stocks
Posts: 538 since Jun 2009
Thanks Given: 298
Thanks Received: 512

Here my harmonic numbers and how i use them.

And now go intraday -- what you want.

You will understand the market behavior. It is not
the Grail, Money Management is the key to success
and discipline.


Causality is the relationship between an event (the cause) and a second event (the effect), where the second event is a consequence of the first.
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  #9 (permalink)
SeM0s
new-delhi-india
 
Posts: 2 since Dec 2010
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has this thread been discontinued?


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  #10 (permalink)
 Buddy 
BC Canada
 
Experience: Beginner
Platform: Several
Trading: Stocks, Currency
Posts: 23 since Apr 2011
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Hi;
Nice post keep going i also like harmonic step up.
Regards


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Last Updated on August 22, 2011


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