Adaptation on a CRAB Harmonic

2019年7月23日

This is my adaptation on a Crab harmonic and where i expect it to reach. I am currently waiting for a completion of the D point which should show a reversal candle or pattern, once it does i will enter the trade. The current Risk:Reward is 1:2 or 1:4 what is acceptable as i believe that it should hit the Take Profit. I have set the TP below the expected level (121.204/121.640) to ensure it does not fall short by a few pips. The Stop loss is slightly below the D point if/when it completes with a reversal.

2019年7月24日

註釋

D point level surpassed the first level i expected it to have a reversal and is moving to the second level already. there are a few more levels it can hit if it continues heading bearish before a reversal pattern is formed. the TP and SL have been adjusted for the level which it is currently at according to my rules.

2019年7月24日

註釋

seems like an inverted hammer candle stick has appeared at the next level which i could have used, just waiting on the next candle to close bullish before entering the trade with adjusted TP and SL

2019年7月24日

交易進行

trade entered
SL = 120.470
TP = 120.950
close to these values, return is 1:1.1

2019年7月25日

交易結束：達到停損點

quite annoyed with this one as we were stopped out by a stop hunt, maybe the SL was a bit tight to the D point because normally i range it from 5 to 20 pips. if 20 pips was selected i would have not have been stopped out.
SIDE NOTE: the TP were hit on the same candle which stopped me out. prediction it would rise at this level was still correct :)