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Hi all :)
Here's a message from the founder :
Hello and welcome to TradeWise
All my life i have been trading harmonic patterns like Gartley, Butterfly, Crab, Bat, Shark and Cypher. I have always been fascinated about the perfect movements in the charts and it took me about 15 years to understand every move in the chart.
After about 10 years of trading only harmonic patterns only, i set a new challange.
How to find the EXACT turning point of a harmonic pattern with 100% precision. Is that possible?
It took me about 5 years to achieve this but i finally understood and found out where the market turns and why.
I am discovered few custom levels on the fib retracement tool, which help me to find out the retracement of a trade with 100% precision. The levels will not be disclosed because there is a much complex algorithm behind them.
I will be mostly trade using pending orders and the risk/pattern will be maximum 10% for each pattern.
Every pattern has 2 possible entry points (EP1 & EP2). Sometimes i will be trading both EPs, sometimes only one, depending on the analyses but the DD should never exceed 10% for the entire pattern.
EP - Entry Price
BE - Break even
TP - Take profit
SL - Stop loss
What does “Risk” mean?
Every pattern is given a risk % based on multiple parameters. This is the risk i will be taking when trading this pattern. Its your decision what risk you want to use.
Higher percentage, higher probability for that pattern to complete. The maximum risk i will be taking for the best pattern will be 10% of my account.
How many trades will be each week?
It depends on the market. There will be weeks when we will wait from monday to thursday and no pattern will be formed. Then on friday we will have a lot of trading. If you want to follow this strategy, you need patience. We will wait and trade only the patterns that show highest potential. So please do not ask me questions like “Do we have some trades today?, Anything today?”. IF YOU HAVE NO PATIENCE, PLEASE DO NOT FOLLOW THIS STRATEGY
How long will you keep the positions open?
When we detect a pattern we calculate the lot size, TP & SL. Once we get filled, we will wait until we hit our TP. In some cases we might close partially earlier and wait for a better price, then trade the same pattern again. There were cases where i traded the same pattern 10 times as long as it reached the EP
What timeframe do you trade?
I only trade on 4H and 1D chart
Will you keep positions over the weekend?
I will try not to. Also i will delete all the pending orders on fridays
What broker do you use?
I use IC Markets and i have True ECN account. If you want perfect copy, please use ECN account.
What do you trade?
AUDCAD, AUDJPY, AUDNZD, AUDUSD, CADJPY, EURAUD, EURCAD, EURUSD, EURNZD, EURJPY, GBPAUD, GBPCAD, GBPJPY, GBPNZD, GBPUSD, NZDUSD, NZDCAD, NZDJPY, USDCAD, USDJPY
If the signals are so good, why do you give me them out for free?
Well, is not entirely free. In return for the signals, i would like you to contribute in growing the channel together (https://t.me/trade_wise).
I will set weekly targets and if the target is not reached, i will stop posting signals. Your job is to make sure we hit the targets.
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