AUDCAD Potential bullish cypher at structure support
Okay i have an announcement, i have been getting tons and tons of PM´s every day from people that tell me to please post my trades, but i´m very hung up with time at the monent, partiaclly for helt issues of a spine surgery that i´m trying to heal from that giving a lot of problems, and i got some investors now so i got a lot on my plate.
So what i will try now for a while is just make some very simple sharings for people that understands Harmonics and Advanced harmonic fib patterns, so i can just share the setup without having to explain the reason for entry and why its a good area of entry and what we should do to manage this trade as it progresses and so on. So people can just follow it as a small daily or weekly plan maybe compared to their own trades. So its just the setup, the Blue line is the entry, Red is the stop and the Orange is the Target. And normally i put arrows to where price should go like in this setup.
So here it goes: Potential bullish Cypher pattern with trend on the 240 min. with stops protected below a good support level, if price closes above the Blue line at the C. point the setup is invalid. Remenber we like to see an RSI close or at overbought condition.
August month just finished and although the China crisis and the new currency was started, and i was only able to trade for 2½ weeks because i was in the hospital we still managed to close the month out at 34,1 Pips and 5,9% return on equety. Its our worst month this year but i only had half a month to trade and we hit the 50% return mark last week after only 4 months of trading, we are actually at 53,7% as we speak so we don´t complain.
Kind Regards
Thomas Jeff
So what i will try now for a while is just make some very simple sharings for people that understands Harmonics and Advanced harmonic fib patterns, so i can just share the setup without having to explain the reason for entry and why its a good area of entry and what we should do to manage this trade as it progresses and so on. So people can just follow it as a small daily or weekly plan maybe compared to their own trades. So its just the setup, the Blue line is the entry, Red is the stop and the Orange is the Target. And normally i put arrows to where price should go like in this setup.
So here it goes: Potential bullish Cypher pattern with trend on the 240 min. with stops protected below a good support level, if price closes above the Blue line at the C. point the setup is invalid. Remenber we like to see an RSI close or at overbought condition.
August month just finished and although the China crisis and the new currency was started, and i was only able to trade for 2½ weeks because i was in the hospital we still managed to close the month out at 34,1 Pips and 5,9% return on equety. Its our worst month this year but i only had half a month to trade and we hit the 50% return mark last week after only 4 months of trading, we are actually at 53,7% as we speak so we don´t complain.
Kind Regards
Thomas Jeff
