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My Harmonic Swing Trades 12-7-10 (With a Bullish AB=CD Trade I took)
Posted 12-07-2010 at 04:15 PM by larryfolson
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Updated 12-07-2010 at 08:30 PM by larryfolson
Updated 12-07-2010 at 08:30 PM by larryfolson
I went long the U/J @ 82.686 & 82.771 off of a 50% fib correction.
I took a long on the U/C for the 3rd time. They say the 3rd time is a charm.
I fill I have exhibited extreme patience and trade management with this pair.
Please note that The daily chart below is an example of a Bullish AB=CD. It's not pretty but it will do!!!
The PA measurements are holding
Oh BTW, I have not been able to do my reading review on Trading in the zone, I have been running like crazy today. In fact I'm off to see my baby girls play (It that time for the kids performances. This will be fun)
My Trading Plan
http://www.informedtrades.com/blogs/...dont-look.html
I took a long on the U/C for the 3rd time. They say the 3rd time is a charm.
I fill I have exhibited extreme patience and trade management with this pair.
Please note that The daily chart below is an example of a Bullish AB=CD. It's not pretty but it will do!!!
The PA measurements are holding Oh BTW, I have not been able to do my reading review on Trading in the zone, I have been running like crazy today. In fact I'm off to see my baby girls play (It that time for the kids performances. This will be fun
)My Trading Plan
http://www.informedtrades.com/blogs/...dont-look.html
Total Comments 6
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Larry, would you mind going a little more into detail on your trades?
Thanks!Posted 12-07-2010 at 07:39 PM by The Chartist
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Trade management Update
I am + 90 pips on U/J and +74 on U/C
I am moving stops to breakeven. Till price finds support above ATR level 3. then I will move stops to ATR level 1.Posted 12-07-2010 at 08:15 PM by larryfolson
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I would love to but I can't,Quote:Originally Posted by The Chartist
Larry, would you mind going a little more into detail on your trades?
Thanks!
I must trade the Harmonic signals as out lined in my system and manage the trade as P.A. dictates to protect my trading capital.
The only subjectivity that I put in is. I try to chose the one I think has the best R to R.
And I am working on developing an ATR score, that will help me with this.
(any thing more is not good for me. I hope you can understand.)Posted 12-07-2010 at 08:24 PM by larryfolson
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Whatever works for you
Nice trades
Posted 12-07-2010 at 09:25 PM by The Chartist
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Trade management up date 12-7-10
On U/C PA is looking very good. But it has a long way to go before I will ad a 2nd position.
When PA finds suport above ATR level 1.01578. I will move stop to ATR level 1.0446
U/J is moving right a long. Depending on PA I will look to add a 3rd position after the next correction.
When PA find support above ATR level 85.267. I will move stops to ATR level 83.525.
Well that is it, must work on my reading review of trading in the zone.
Then prepare to teach the 2nd of a 3part teaching on faith at a Church tonight.
Wow I'm living my dream. Making money trading and teaching that Bible, God is so good!Posted 12-08-2010 at 10:06 AM by larryfolson
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Closed U/C trade for 56.7 pips. (No need to tie my capital up with this pair)Posted 12-10-2010 at 03:10 PM by larryfolson
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