Today harmonic scanners i will share with you with chart pattern mt4 indicator.
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How to use the harmonic pattern scanners to the best of its ability the ins and outs and lots of people have been inconsistent with it.
I’m pretty much going to step by step on how to use this thing harmonic scanner iml and again make the most amount of money be the most productive with it.
First of all you got to trash the five minute into 15-minute time frames okay I just don’t use it at all even the one-hour time frames like harmonic scanner mt4 free download.
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I’ll show you right here hey you decad right the one-hour time frame I barely use that I use that more of an entry more or less.
What I mean is that harmonic scanner reviews I only use the one hour if it’s in conjunction with the four hours in the daily, but just for that as a signal.
I don’t know I’m kind of Harmonic pattern strategy if you want to but it again it does payout as you see like right here.
You know it does but me personally I like basing it off the four hour in the daily,
why because the higher time frames are definitely more solid and more probable alright.
The whole thing with training is you want to take low-risk high-reward trades.
You want to have the best probability and chances of making money when it comes to market you’re not trying to gamble you’re not trying to make it 50/50 right..
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You’re trying to make money and take the best probable setups forex harmonic pattern Indicator.
Let me go through like an example with NZD JPY.
This is on adding a chart guys right and it paints a nice batch structure.
Now when you’re looking at an entry you see Harmonic scanners reviews this bad structure and it’s on a daily chart you know it’s probably going to continue to go up it probably paint in early probably down.
Somewhere now your entry zone even though it says like up here.
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You want to align the harmonic pattern with a very strong resistance or support level in the markets on the higher time frames,London Forex Rush system
and that will execute you a really solid entry.
You would obviously put your stop-loss above here which would be anywhere.
Let’s let’s say from here to here a good 100 pips let’s say 88 let’s just say 80 pips.
Just to round it up so you’re risking 80 pips that’d be your stop-loss to potentially net through three hundred and fifty pips to five hundred pips.
I do that all day long you’re good so you’re telling me you’re going to risk 80 to potentially win 35:54 500 pips you know,
I mean like risk 80 to potentially win 500 sounds like a good risk to reward ratio to me right.
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You have to use it conjunction with your own analysis fs scanner harmonic.
You don’t just take a trade because our Monty pain alright or you won’t just hit a sell,
because oh my god it knows extended fso harmonic scanner and hit the resistance line.
Your own basic market analysis alright guys so you can’t forget this with your confirmation with your entries everything.
But don’t just make your trade solely off of this but it is an enhancer.
This isn’t a good example that’s like mediocre trade.
Let me go to let’s try this one AED CAD right so again add this line that I drew all right.
The entry up here somewhere now this would be the best possible entry.
This one right here why because it’s aligned with this resistance zone right here,
look right there right there that that that’s that’s where you want to buy or sell.
I’m sorry right so as I drew right price action trading strategy I do this line you know you want it to bounce off and then you take a nice sell in that zone somewhere .
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So all you have to do is accommodate make sure your risk is you’re risking a good percent of your account 2 3 4 or 5%.
- Whatever it is for you you know you’re not over leveraging your account obviously,
- because that’s to be able to handle a crazy swing you know good 50 60 70 pips swing .
- You want a low-volume order but again if you have low volume.
- Even if 2 3 cents guys and you catch the is 200 300 400 pips it’s money that’s money okay good money..
- Another example of where to get in which is the entry.
- I’m talking about is right here this entry where it says the most ideal entry probably would have been down here though that would have been beautiful.
- Around this area right here would have been a very nice buy zone right.
Because again you want to look Dolly Graphics system for that strong resistance or support area.
But this actually isn’t bad at all given because of the support zone .
Back you know the harmonic painted if you would have probably looked at the 15-minute chart for nice tile entry probably could looked at it and and seen something possibly.
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This is like perfect okay gold rush Trading system this is perfect because once it completed the pattern with software harmonic pattern.
You have this resistance zone down.
- But right that is what you’re looking for and then your stop would probably be somewhere up.
- I mean it says it up there but mine will probably be more like up here no more up trend.
- Somewhere depending you know to this next resistant zone so that would be like from here is a good 200 pips swing with harmonic indicator.
You got to remember if that’s a to intuitive swing you got to do a very very small order so this is well as a 200-page swing to possibly net 36 or 300 and 350 – 400 .
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You don’t have to continuously hold you know forever ever but that’s what you would look for that is the ideal setup,
this is beautiful because you have this strong resistance and it hits it boom.
this is best trading setup with harmonic pattern indicator scanners and candle pattern forex system.