KarmaCashflow

KarmaCashflow Updated 

Guys, This is why I don't take multiple profit targets. Most harmonic traders will take targets at the 38.2% Fib level, and the 61.8% Fib level and maybe even a third profit target at the 100% level. I ONLY take at the 38.2% Fib level. And I take everything off at that point. The Reason: In my testing,(backtesting, demo trading and Live trading) I found that...

KarmaCashflow

So I have been doing a HUGE backtest on Cypher patterns. 2500+ hours and 15k patterns found on 26 currency pairs, 4 timeframes. Even did a YouTube video on it. Check out my YouTube page at karmasenge.com/youtube. The MAX win ratio that I could find is a 46% win rate on the USDJPY, Daily TF. And the average was around 43% win rate. Couple that with an inverse Risk...

KarmaCashflow

Entry around 0.76025 Stops below X Target at 0.76610

KarmaCashflow

Bear Bat Pattern Entry at 0.69815 Stops at 0.70128 Target at 0.69224

KarmaCashflow Updated 

Here we have a bearish bat on the EURUSD 15M chart. Entry around the 1.0824 area Stops above 1.0848 1st Profit Target is at 1.07807 2nd Profit Target is at 1.07538

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Bull Butterfly Entry at 1.52373 Stop at 1.51235 Target at 1.54637

KarmaCashflow Updated 

USDCAD Bear Gartley Pattern Entry at 1.41439 Stop @ 1.41791 Target 1 @ 1.41079 Target 2 @ 1.40858 RR 1:1

KarmaCashflow Updated 

GBPAUD Bearish Bat Pattern Profit target #1 is at the 38.2% Fib level Profit Target #2 is at the 61.8% Fib level

KarmaCashflow

Here we have a secondary retest of the PRZ. If you missed the Entry on the initial test of this Bearish Bat Pattern, you could entry here. Stops above X TP1 at the 38.2 Fib level TP2 at the 61.8 Fib level

KarmaCashflow Updated 

Bull Bat found on EURGBP H1 TP1 at the 38.2% Fib level RR 1.54

KarmaCashflow Updated 

Gartley Pattern Entry @ 0.98473 SL @ 0.98190 TP1 @ 0.99093 2.2:1 RR Decided to enter a bit lower due to structure and a better RR.

KarmaCashflow

I meant to post both of these trades up but forgot to actually post them. But here you can see two very distinct patterns (Bat & Cypher) that were back to back and both very successful. I might not have posted them in time but you can learn from just looking at the patterns and seeing how successful harmonic patterns really are.

KarmaCashflow Updated 

I will be looking to short this level due to the convergence of 3 harmonic patterns (Gartley and 2 bat patterns) along with some decent support and resistance. TP1 will be at the 382 level and TP2 at the 618 level.

KarmaCashflow

Entry at 1.0627 SL below 1.0605 TP1 1.0661 TP2 1.0683

KarmaCashflow

Entry at 1.0627 SL below 1.0605 TP1 1.0661 TP2 1.0683

KarmaCashflow

Bear Gartley Entry at 0.72008 (although I do front run) SL at 0.7243 TP1 at 0.7130

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Bear Cypher

KarmaCashflow

Bear Cypher on USDCAD 1H