I spent more than a year studying the books, making the notes and creating my trading plan. I'm still a beginner and have much to learn but I decided to post some of my setups. I hope it will help me to increase my level of experience. Feel free to comment those setups - I'll appreciate any useful advice.

Setup #001: EUR/USD, 2D, Standard ABCD

I entered the trade on the bar pointed by the arrow. Right now I'm taking some heat right now but my stop loss put above the 2nd grouping hasn't been hit yet. I decided to stay and see how this trade will turn out.

Marcin - your setup was unfortunately against a major overhead resistance from higher time frame...

Thanks for your comment and putting those lines, Jarek. I should notice that, but I didn't. After taking my stop I entered the market again on the second grouping, but I secured only small profit that covered my initial loss.

Good job Marcin! You are one of the few here, who are not afraid to present their trades in real time. We all know that market can always go against you - this is what stops are for. Keep up the efforts!

Thanks, Jarek! That's very motivating!

Here's a new potential setup that I'm watching:

USD/CHF, Daily:



What I like about this potential trade:

* The price seems to be quite harmonic
* The B point of the pattern is supported by numbers from previous price action
* Adjusted ML set built on previous correction hits the same area as the ML sets from the pattern
* The ML sets confluence with the groupings
* The trade is supported by 50-, 100-, and 200-SMA's (at this moment)

Some things I don't like:

* The trend could be too old
* The trade area is near the previous low on the weekly TF

I will see if the D point will form and what happens when the price reaches the groupings (if it gets there at all).

Like you said this trend is rather old and may need bigger correction here. However another push down would form a nice 3D to finish it with (if it's going to bounce somewhere here at all):




I would be wary however if this downsloping ML is taken out - it could suggest that this 1.272 of the last bearish ABCD was already it

Thank you for your comments. I have put suggested lines on my chart. The location of the C point has changed and the correction in the BC wave has been formed. I'm just waiting and looking what happens next.

The placement of the C point has changed again. But there's something interesting that could possibly form. Just look at the place where:

* The upper || from the downsloping set
* ML from the upsloping set
* ML from the pattern set

intersect.

This is a place where a nice Gartley could form.

However, it exceeds the ML you mentioned before. And there's no guarantee that it will form at all. So I'm still waiting and looking for what happens next.

This potential BC leg got too big for me for a standard ABCD. I would call it a flat if it forms from here. Of course it may choose to go for a new low or ... straight up after this retest of the last low in the Game Zone

the hardcore forex traders think i'm the village idiot for trading the fxe...oh well

At this moment I'm looking at the potential setup on a daily TF of EUR/CHF:



I think that the trade might be too old but there's a very nice geometry in this setup. All these lines confluence in AB=CD area:

* Upper || from upsloping ML set
* ML from downsloping ML set
* The lines from pattern ML sets

Hey guys,

Just been really busy with life :)
Not much time for trading at all. Haven't been following the markets much.Seems like the only way is up, heh heh.
I hope/believe you guys are as successful as can be in what you do and most importantly that it's still fun :)