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.


Possible Entry, profit taking level will be....
Entry : 1.2733
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.



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