As mentioned in one of my previous posts, these setups are Harmonic Patterns based on multiple fibonacci zones as well as price structure/price action.. Although I trade futures only, a lot of professional Forex traders use Harmonic Patterns.
I started posting these setups in hopes that other Harmonic traders would recognize the patterns and join in (no luck thus far in that area
Concerning your inquiry into the methodology: I would suggest that you do what I did many months ago. I simply "Binged" the term "Harmonic Patterns" to find info. Then I took that info, manually backtested and forward/live tested patterns for countless hours to learn the patterns. Then based on the stats collected, I developed specific rules based on my trading style. If Harmonic Pattern trading interests you, then I would suggest checking out all the free info on the internet and see if it resonates with your trading style. FYI, I never paid for courses/videos/webinars - there is enough free stuff out there to get you started.
I plan to continue posting potential setups for a while, but don't know for how long. I generally take 3-5 of these setups per week. I also trade CL, NQ, and YM using a much more active methodology.
(Disclaimer - these posts are for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)
I haven't seen much literature or demonstrations online on what it is that you do, would you kindly elaborate what it is that you do to draw your levels, and what requirements need to be met to engage in a trade?
Our just point me to a place where I can learn more. Thanks[/quote]