Hey fellow traders,
At the beginning of embarking on the harmonic journey I was strictly looking for patterns. They are powerful and do work well but only in context. I was struggling and after talking personally with Mr. Pip himself and his close students I understand the patterns aren't very meaningful. It is the Price Action in terms of structure (series of Higher Highs LH LL HL's, New structure high/New structure lows) in conjunction with other confluence such as key resistance/support levels that is by far the most important. Its the true market that a trader is trading regardless of patterns of any kind as they are simply a reflection of what structure has and most likely will form. I was surprised to see how the most basic aspects of technical analysis reign supreme. PA is King!
I urge others who aren't looking at the market this way to join me in learning how this works so we can respect and trade this system to the best we can. The excercises Mr pip posted on youtube are the best. To those who have been able to achieve this good job lets learn from each other. Lets start posting some charts with just confluence without the harmonic patterns to better work on the essential skills.
Have a good weekend guys
At the beginning of embarking on the harmonic journey I was strictly looking for patterns. They are powerful and do work well but only in context. I was struggling and after talking personally with Mr. Pip himself and his close students I understand the patterns aren't very meaningful. It is the Price Action in terms of structure (series of Higher Highs LH LL HL's, New structure high/New structure lows) in conjunction with other confluence such as key resistance/support levels that is by far the most important. Its the true market that a trader is trading regardless of patterns of any kind as they are simply a reflection of what structure has and most likely will form. I was surprised to see how the most basic aspects of technical analysis reign supreme. PA is King!
I urge others who aren't looking at the market this way to join me in learning how this works so we can respect and trade this system to the best we can. The excercises Mr pip posted on youtube are the best. To those who have been able to achieve this good job lets learn from each other. Lets start posting some charts with just confluence without the harmonic patterns to better work on the essential skills.
Have a good weekend guys