Key Practical Ein55 action take

Pennant pattern SD setup

When impt flip zone is removed.. change of trend likely

Key - what has the SD level accomplish?

E.g of over extension and BIG DROP

When over extension. . CT trades can happen only AFTER TL break

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Market optimism Mar 2015

Good Flip zones e.g. (using weekly as curve support for H4 CT longs)

Dynamic stop loss

E.g. EURGBP move 30 pips a day versus GBPNZD move 300 pips a day..

Can stop loss of 10 pips be correct for both pairs?

How to plan a Harmonic Trade

1. Find a pattern

2. Check the Confluence zone for a daily support or resistance

3. Check on the Stop Loss

4. Calculate the Dynamic stop loss

5. Position Sizing

6. Check risk to reward ratio

7. Place a limit order and walk away!

Nice pre CP on break of pennant pattern

E.g difference bet. CP and peak