We took a short trade using a head and shoulders pattern and a 50% fibonacci retracement on the NZDUSD We closed out 1/2 of the trade when price gave us +33 pips and moved stop loss to break even . Setting TP at 0.8375 Price then continued down and hit our take profit giving us […]

Opened a short trade on AUDUSD @ 1.0496 after getting a pattern alert and the price at the time not passing 1.05 As can be seen the price actually broke the lower trend line but did not continue much further, we had already moved stop loss in pretty tight in case of reversal. Reversal did […]

Version 2.0 of our popular Harmonic alerts module has now been released. When trading using harmonic alerts in a lot of cases  we are trying to take reversals in trend. This can as with any sort of trading have risks associated with it. The key is to try and minimise those risks as far as […]

Took a short trade this afternoon off a bearish bat harmonic pattern alert. We had the extra confirmation of some divergence and a shooting star on the 15 min chart. We took 1/2 profit around the b point of the pattern and moved stop loss to break even. A retracement occured and stopped us out […]