Harmonic VSA Week 1
My First Forex post.
Firstly, please take a look at the link below.
http://harmonicforex.com/wp-content/uploads/2012/12/euraudbat.png
Stolen from Gump's website. If you do not know, Terry is a fx trader and is the founder of his own website of harmonicforex.com. On the month of December, he is up by 60% of his portfolio. Unbelievable if you were to ask me. As I mentioned that I will be doing FX too, Gump will be guiding me in learning harmonic while I try to provide some analysis, using SVSA.
Of all the pairs that he mentioned, I am very interested in this pair, EUR/AUD Bat.
Exit : 1.2834
Profit Taking Level : 1.2550
Notice the ultra high volume shown on the chart. This will provide some kind of support for this pair which I am wary of. Thus, my profit taking level will be closed to the bar over there.
An updated post on 12/31/2012, 3:53 PM GMT
On top of the EUR/AUD that I mention, USD/CHF is looking good as well.
Yesterday, I told Gump that signal was mixed on this pair. Thus I decided not to blog about.
At the moment, this pair seem to be doing well and the Smart background scanner works like a charm again.
From Harmonicforex.comHarmonicforex
etups
What SVSA is showing.
Firstly, please take a look at the link below.
http://harmonicforex.com/wp-content/uploads/2012/12/euraudbat.png
Stolen from Gump's website. If you do not know, Terry is a fx trader and is the founder of his own website of harmonicforex.com. On the month of December, he is up by 60% of his portfolio. Unbelievable if you were to ask me. As I mentioned that I will be doing FX too, Gump will be guiding me in learning harmonic while I try to provide some analysis, using SVSA.
Of all the pairs that he mentioned, I am very interested in this pair, EUR/AUD Bat.
Possible Entry, profit taking level will be....
Entry : 1.2733Exit : 1.2834
Profit Taking Level : 1.2550
Notice the ultra high volume shown on the chart. This will provide some kind of support for this pair which I am wary of. Thus, my profit taking level will be closed to the bar over there.
An updated post on 12/31/2012, 3:53 PM GMT
On top of the EUR/AUD that I mention, USD/CHF is looking good as well.
Yesterday, I told Gump that signal was mixed on this pair. Thus I decided not to blog about.
At the moment, this pair seem to be doing well and the Smart background scanner works like a charm again.
From Harmonicforex.comHarmonicforex
etups
What SVSA is showing.
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