When I loss...

Losing cause unstable emotional state; after taking a loss many feels they need to obtain what they loss soon as possible, that is “revenge” because they be beaten by the market. Of course, angry state, make us very euphoric; nobody wants to lose, but think this way… Nobody can win every time and losing trades are part of this business. Let’s see this recently example on Usd/Cad… See the chart below.

 Before I enter a trade, I built a clear image inside my mind about the possibilities. Nobody can know the future; and the price can go up or low. Of course; I expect the price goes down, but ever the possibilities of be wrong exist. I evaluate and put my stop loss and profit target. I know when get out if the price goes against me. I know the exit before I enter a trade and ever planning this before taking a position. I consider 3 possible exits: Taking profit target, Trailing stop and taking a loss. I not have problems taking a loss, because I know what I doing, and I understand this: taking a loss is part of this business.

 In the chart above you can see the position is turning against us. We can be taking 20 pips (or little more). Maybe used a trailing stop and our position at this time be closed; we not win nothing, but not lose nothing; break even trade; but in this example we not use trailing stop… or not move out stop to break event.

What happened?

See the chart below.

The price hit our stop loss... and the pattern mutated. Is ok for me; I sell inside the red circle. Because, for me is another opportunity. Not have problem if the first not works. The market is not a perfect thing. Success is like Soros says; the key is how much you lose and how much you win… something like that. I hope this was helpful. have a great weekend!

Patience rewards

As many says: Patience is a virtue. Inside the world of trading means; Patience is equal to reward.

 You can see the chart above... The AB=CD pattern looks really good. Maybe you enter your buy position and forget that trade the entire day... At this time you have a profit.
I hope this be helpful in your trading... Is just another example about how can improve your trading using Harmonics. AB=CD just means: Buy Low and Sell High. If you want make money, just do that: Buy low and Sell High... and viceversa.
Happy trading!

Buying again Gbp/usd

Hi Everyone! Ive wait to move my stop when I have 20 pips (profit) to Break Even. It is my first step to ride on risk free trade. I don't know if this time I can earn some pips. Maybe I lose, but I not have problem with that. because I find a pattern, and... trade this. My plan is easy to follow and very simple. I just search for a harmonic pattern and identify my PRZ. After evaluate that. I make a plan to enter, and... when the time arrive just pull the trigger. See in the chart Below my entry. Have a great Day!

At this time I move my stop. Because I go out... 15 pips at this time.

Gbp/Usd Buy Gartley

Hi everyone! Let's start the week. I find a pattern and I take it. Just now I move my stop to break even... If all goes bad, my trade was close. See my view in the chart below. Have a great week everybody!

Psycho

Hi everyone! Today I show you a Eur/Usd chart. You can see my PRZ inside the yellow circle, the 2.24 (red circle) was hit... and provide us a great signal to enter. See the chart below.

As you see I draw AB=CD pattern (pink lines) and maybe many enter; they sell and taking a position using that criteria and is ok. Maybe faced a small trades or Break even trades, but the pattern still valid. Have you see a divergence on MACD (Yellow line)? Patience ever rewards.

The 2.24 (2.259 in the cart above) are part of seconday harmonic numbers. Inside this case was work pretty well as you see in the chart above. Take a look at those levels and test. Train your mind.


The psychological aspect in trading is primordial and many other things in our daily lives required. Not just skills make us succeed, because our thoughts sometimes play tricky games inside our minds. Maybe you have heard some of these words: “Never trade what you think… Just trade what you see” Many scammers use this phrase saying: Robots no have emotions (the mean reason because many traders lose money in the markets) of course you not need to eliminate your emotions at all, because is impossible, you just need control them.  A robot not works and never works because the markets are very dynamic… who’s tried to send you a genius Robot, just is trying sell you a Dream: make a ton of pips every week, make you rich in a few months… But that is other story. You need be focused in your goals to be successful. Never do that stupid thing from the Movie “The Secret” In my opinion you not need to think beauty and positive things all the day with your arms crossed. That is ridiculous; what the matter with you? Are you insane? Maybe you have that idea inside your mind: I want to be rich… very powerful tough about. Monday, Tuesday, Wednesday, Thursday and the entire week. Positive mind 24hr daily focused in be rich. How you reach that goal? You need only one trade 500:1 and a lucky monkey who’s click your buy or sell button: You expect make 1000 pips because you have positive toughs about be rich? Have sense? Of course is possible someone say… But think about the probability… safer and more cheaply is buy a lottery ticket.
 Ok, more of that in the next post. Have a great weekend everyone.

GBP/USD Sell Gartley

I identify a possible Gartley on Gbp/Usd Their structure show us 0.786 setup. So, we need to take under consideration basic aspects before entry a position(sell position). Maybe take a look on 1hr time frame chart, or wait for confirmation. You need to study the probable PRZ (Potential Reversal Zone). And ever evaluate your money management. The big difference between novice traders and advanced ones is "Experience".

Take care and keep learning. Happy trading.

Alternate 1.27 or 1.618 AB=CD

Hi Everybody! As you know I short on Aud/Usd and Eur/Usd. Following the AB=CD pattern. I am not a perfect trader (simple human) and take a losing trade on Eur/Usd. My first entry was at 1.3980 and my stop was hit at 1.4010 only risking 30 pips. After that I re-enter at 1.3983 because the pattern still looks good for me. Impatience beat me little, but as you see our trade is working now.

The Aud/Usd gives us 3 break even trades and one losing trade, but is working pretty well now.

I have a short explanation for you: Sometimes AB=CD pattern Not have a ideal structure and present variations but still valid. In this specific trade we watch 1.27 AB=CD pattern.
Alternate 1.27 or 1.618 AB=CD

I hope this be helpful for ya.
Have a Good Week!