180 reasons to trade Harmonics and Patterns

There are a couple of patterns forming that could pay off big if complete.

First is the EUR/GBP 4hr where a butterfly is completing. If you go long a good target is the 38.2 retracement of the C to D leg which takes us back to a previous support level for around 60 pips.

Also, the GBP/CHF 4hr has a butterfly completing. If you short this one a good target is the 38.2 retracement of the C to D leg for around 120 Pips.

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not working out so well, at least thus far...

?

Actually it is working out. The pattern completed a little further than the intial call. Started to turn Friday. Sunday should show some push for profit.

trading from a long time friend ?

You are correct but when you are a professional, patients pays off on a pattern that has a 80+% success rate.

I can help start your list and see if we reach 180!


1) Patterns show up on their own and is not created by a holy grail indicator
2) They allow for small stops with LARGE wins
3) Allow's for us to do quick analysis the same way over thousands of trades
4) Does not require us to guess the direction since the pattern points the way
5) A very clear and transparent way to trade

nice idea. feel free people to add to the list.

i used to trade harmonics but decided on a different system a year ago. i came full circle and ended up using it again since it was the only one i was able to turn a profit.

i was being greedy and wanted more but i should had figured larger capital in my account would get me that and not a new system

Looks like both those trades bit it. Not sure why long a Euro that's in the midst of collapsing or sell Pounds for Francs during intervention by the SNB. Something to keep in mind.

6) Patterns w/ such fib confluences give trader's a reason to trade.
7) Depending on the immediate work/fail of the pattern we can predict how these traders will exit their trade. (ie; adding opposing liquidity demand in case of pattern failure)

Great add's there on 6+7!

8) They provide a clear place to put a stop so that if you do get stopped out for a small loss you won't feel the need to go back into the market and second guess yourself.
9) You can trade any market and any time frame the exact same way. A good strategy does not depend on the symbol or timeframe traded.

10) Helps one clearly see the ABCD or AB=CD wave patterns and Fibonacci Sequences for the best entries into the market

11) Pattern start/end points normally align perfectly with Fractal Swing Highs/Lows and other strong areas of Support and Resistance giving a trader confluence and more reasons to feel confident about placing a trade

12) Using Fibs allows a trader to use the Fibonacci Levels for both Take Profit Targets (T/P's) and Protective Stops (S/L's)

13) Harmonic patterns are sleek, cool and fun to draw! They can make your charts look much more colorful, sexy and eye-catching [if you get bored with looking at charts for hours]...he, he, he


14) Harmonic patterns align with the immutable forces of mother nature, mathematics and the universe

15) Helps one to see symmetry and harmony even within asymmetric fields of chaos

16) Shows when market should reverse near extreme OB/OS levels when paired with an Oscillator such as (Stochastics, RSI, CCI, Williams %R, etc.)

17) May help identify areas of Divergence or where momentum may be weakening

18) Similar to #12 above, a harmonic pattern's start/end points can be used as future Take Profit Targets (T/P's) and/or Protective Stops (S/L's) since they too are perfectly aligned with strong S&R zones and market structure [most of the time]

19) Harmonic patterns can give further confirmation of Support and Resistance zones from the past when one <<<+++ {looks to the left of the charts}

20) Helps one trade more like a crafty scientist and patiently wait for sniper-like "killer" setups

21) Allows traders to ditch and throw away most useless indicators and stop relying on other traders or "gurus" for signals, trade setups, strategies, etc. Can help traders become more confident, self-reliant and independent

22) When paired up with a set of good Currency Strength Meters + a little bit of fundamental economic data to back up the trade decision, can be extremely powerful and profitable

23) The higher the time frame, the more reliable and profitable the trade should be on any harmonic pattern or ABCD Sequence

24) Helps traders "go with the flow" of the market and ride the naturally occurring AND re-occurring wave cycles instead of trying to predict the absolute future with some sort of mystical crystal ball. Why expend so much energy predicting when the ship will arrive, when you can simply hop aboard the moving train?

25) Whether you believe in Harmonic patterns or the ABCD pattern or not. The fact remains...these patterns are based on and align [almost perfectly] with the strong areas of Support/Resistance and Fractal Swing levels which all major Price Action seems to respect {both technically and fundamentally}

26) Harmonic patterns help make trading not easy but just a little bit easier

Hello guys
1-Is there anyway to find out a harmonic pattern is forming before forming completely?
thank you

Bro, mind telling us the 180 reasons for trading harmonics? And also the 80% success rate of harmonics?

*If not this should belong to commercial.

Thanks.

Don't waste your time Bro, have you find a CFT or MTA claiming the above?

anyone have harmonic pattern indicator
can share me, please ?
thank all