is it possible to use fractals instead of zig-zags to construct a similar indicator? i mean, why not replace zig zag in indicators like ZUP with fractals! though i am a non techie, i think it shud solve the repaint problem!
Learning to trade with harmonics 11 replies
180 reasons to trade Harmonics and Patterns 13 replies
DislikedYes this was pointed out in the chart I posted last night.It is not uncommon the see patterns within patterns and other harmonic elements. These elements help us in the confirmation and validation process of our analysis. Good eye!
First of all Im sorry for posting pictures of my indicator and I agree with you using indicators to identify harmonic pattern is not the best way.
But it can give you hints on patterns that you would normally not see with your naked eye (my untrained eye ).
Maybe when I get enough experience in spotting patterns I will choose to stop using indicators but until then its a nice way to get some hints.
From now on I will post only pictures of patterns that I draw.
Im currently following a AB=CD pattern on the daily EURUSD.
Dislikedmy main problem is were to put the sl ,end the entry in general .
i used to test the indicators also and they like you seed rapidly changed criating lot of bad signals.
i always whanted to learn how to trade thise way i hope that under your guide i will do it in the neer futher .
i hop its ok to recomend same books
(hopfuly the speling is correct , just google it ,for the benefit of the thread members)
thanks for your educator comment looking forword to read your next posts.
DislikedMr. Pip, I read the book you liked in your profile and wow it contains a lot of useful information. I recommend it for anyone!
DislikedI think now is a good time to discuss swings. We will not get into counting waves as these patterns do not call for this type of analysis. I believe wave may add value in adding further confirmation but it is not required to identify the patterns we will be looking at.
[font=Calibri][size=3]We look for price to be within a high and a low of a swing this is what I refer to a dominant swing. We also look for sore thumb high and a low. I refer to this as the main swing and always have the dominant swing within...Ignored
DislikedI have to run out for a few hours will be back later to add some more and answer questions. So keep them coming.
Price has an immediate response to the PRZ on EU we can discuss this latertoday but a beautiful trade if anyone got in on it. Profit area is around 1.3205 stops are at break even. So far 60 + posspips. How powerful are PRZ????
I did not take this trade. I'm done for the year but am pointing out to you so you can see the power.
DislikedThis seems to be a very interesting thread. I have used harmonics a little in the past but never really understood how to trade them. I hope to learn more here. May I ask what harmonics indi are you using or would recommend?Ignored