Ftse harmonic trading 80-90% win ratio

[drlobo]

Hi,

I am going to show and convince you that trading FTSE market offers a golden unique opportunity far beyond anything in FOREX to trade harmonics well with high success rate. I take harmonic trades, those are trades which uses specific price patterns with the alignment of exact Fibonacci ratios to determine highly probable reversal points. I am able to achieve 80-80 success rate and I would like to show I do this in this thread.

There is one caveat of sort that is I take about 3-4 trades per week depending on market conditions. So I sit out of the market most of the time, which does not bother me so much when I look at my golden equity curve. I try to make between 150 - 200 pips per month I believe less but more reliable is better formula for success.

I will post my trades on this thread.

Good luck trading

 

[drlobo]

search for on twitter ftsepips

 

[panda]

sounds interesting, go for it

 

[neil]

Could we have live trades ? Such as that run by Lord Flashearts thread ?

 

[drlobo]

Could we have live trades ? Such as that run by Lord Flashearts thread ?

Well trying this bullish butterfly with trend line support.
Long at 5850 targeting 50-60 pips

 

[drlobo]

This move took time to take of but when it did she moved swiftly and we were doing nicely with +30 pips within a few hours.

But quicker than brewing a cup of tea the market completely rejected price at this level and it dropped 20 pips in 5 minutes and printed a huge bearish pin bar on the H1 where I exit for 10 pips profit

 

[drlobo]

The most powerful pattern in trading

few pips SL and TP 30 Pips.
You can go ahead and calculate the RR

 

[D70]

Dead already?

That was quick!

 

[drlobo]

Dead already?

That was quick!

Buddy check my moves

Actually just taken the first of these two trades (for the second one I am actually waiting on a better setup)

This is the one that I did not take:

 

[drlobo]

I am doing well meeting that 80% win rate but I know I can do much much better ! Why because for example some of those failures were not harmonic trades like earlier this week I took a AB=CD patter ... what a stupid move that one was. But harmonics + Gann lines have been great

 

[drlobo]

Here you go guys have one on me ...

 

[brewski1984]

I can't understand a single thing on those charts. What are all the indicators you use?

 

[drlobo]

I can't understand a single thing on those charts. What are all the indicators you use?

DUDE I dont have 1 Indicator on my chart.
I just have levels.
This is called a 5-0 pattern and was invented by Scott Carney.

For all purposes you just need to know that I am selling and looking for 40 PIPS now and I am 80% sure I am going to get them :cheesy:

 

[brewski1984]

Ok, I was just trying to work out what your thinking was. I'll do some research on the 5-0 pattern.

 

[drlobo]

Ok, I was just trying to work out what your thinking was. I'll do some research on the 5-0 pattern.

Unfortunately one of the more difficult patterns to detect.
Here is some good info on it : http://www.harmonictrader.com/The5-0Pattern.pdf

And here is a completed 5-0 pattern I found on EU M30

 

[D70]

Can you post clearer charts. Your ftse one has no prices on.

 

[binary schminary]

sledgehammer to crack a nut

 

[drlobo]

ahh ok I suppose you are better trader than me then

 

[D70]

Only 1 month of history?

 

[drlobo]

August to October is not 1 month last time I checked. Are my results that unbelievable ? :clap:

Well unfortunately its not the case if you do your research you will find out that proper chart analysis and pattern identification has been around along time since the 30's.