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Harmonic trading-harmonic patterns

  • #341
  • Mar 11, 2019 11:50am Mar 11, 2019 11:50am
I have modified the BPS auto harmonic patterns v1.7, one of the harmonic indicator that shows best accuracy.
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  • #342
  • Mar 13, 2019 7:57pm Mar 13, 2019 7:57pm
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Patterns have an underlying mathematical structure.
  • #343
  • Mar 15, 2019 3:48pm Mar 15, 2019 3:48pm
Quoting noorghani121
I have modified the BPS auto harmonic patterns v1.7, one of the harmonic indicator that shows best accuracy. {image}
There is no auto trader that consistently works for harmonic patterns (or most of everything). It can work for a period of time but never works forever. For the same reasons why back testing give you inaccurate results over forward testing. Personally thinking if your trying to get something to work you're wasting your time. Just one mans opinion.
  • #344
  • Mar 15, 2019 3:49pm Mar 15, 2019 3:49pm
Quoting Sajidhelp
I have tried harmonic trading 2 years ago and the most annoying problem that faced me is that Harmonic patterns, which develop in different timeframes, may show conflicting signals.you may see a bullish and bearish pattern in two immediate timeframes. This created big confusion in my mind also I couldn't find the end of the pattern (unfortunately my s.l. was hit many times) as There is no guarantee that a harmonic pattern may complete as expected. One of the legs can extend more resulting in a failure of the pattern. Furthermore, the pattern can...
I think it's important to note with any patterns that they are forecasting a reversal and not a target. This makes stop management so important in order to do well.
  • #345
  • Mar 27, 2019 5:03pm Mar 27, 2019 5:03pm
Quoting Amir_Forex
Fiber Update {image}
That screenshot is 7 hours old and posted after the fact
  • #346
  • Apr 2, 2019 2:23am Apr 2, 2019 2:23am
Fiber Update
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Patterns have an underlying mathematical structure.
  • #347
  • Apr 12, 2019 4:35am Apr 12, 2019 4:35am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M30.jpg Size: 150 KB
Patterns have an underlying mathematical structure.
  • #348
  • Apr 12, 2019 9:47am Apr 12, 2019 9:47am
Quoting Amir_Forex
{image}
Attached Image (click to enlarge)
Click to Enlarge Name: Butterfly - Bearish.jpg Size: 27 KB
Patterns have an underlying mathematical structure.
  • #349
  • Apr 12, 2019 8:18pm Apr 12, 2019 8:18pm
these is a good good start , bat dracula , crab bites , so how do you dont get suck and get bite ?
  • #350
  • Apr 18, 2019 1:09pm Apr 18, 2019 1:09pm
Quoting Amir_Forex
{image}
Well , The Bearish Pattern has acted successfully so far ,
just wait to see how deep will it continue to fall ,
Genius traders realize what the kind of Pattern is going to form in return.
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Patterns have an underlying mathematical structure.
  • #351
  • Apr 18, 2019 7:56pm Apr 18, 2019 7:56pm
Quoting Amir_Forex
{quote} Well , The Bearish Pattern has acted successfully so far , just wait to see how deep will it continue to fall , Genius traders realize what the kind of Pattern is going to form in return. {image}
Amir, why you called it butterfly pattern,
Your last point is over 141%.
And the B point is not exact 78.6 %
Is it allow to take B, C instead of B' , C'
Maybe I missed something,please explain more.
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  • #352
  • Apr 19, 2019 3:28am Apr 19, 2019 3:28am
Quoting Musanto
{quote} Amir, why you called it butterfly pattern, Your last point is over 141%. And the B point is not exact 78.6 % Is it allow to take B, C instead of B' , C' Maybe I missed something,please explain more. {image}
1. last point can be between 1.272 to 1.618 .

2. If it was exact 0.786 , it would be an AB=CD pattern.

3. a trend has 5 waves & sometimes wave 4 ( your C' ) is higher ( lower ) than wave 2 .

Good Luck
Attached Image
Patterns have an underlying mathematical structure.
  • #353
  • Apr 19, 2019 6:45am Apr 19, 2019 6:45am
Quoting Amir_Forex
{quote} 1. last point can be between 1.272 to 1.618 . 2. If it was exact 0.786 , it would be an AB=CD pattern. 3. a trend has 5 waves & sometimes wave 4 ( your C' ) is higher ( lower ) than wave 2 . Good Luck {image}
Still confuse.. but I really appreciate your answer,
I'm sure this is a good start for me to start digging deeper about harmonic trading.
  • #354
  • Apr 23, 2019 4:14am Apr 23, 2019 4:14am
all is valid as cypher, only it's in m5
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  • #355
  • Apr 24, 2019 5:21am Apr 24, 2019 5:21am
even it's confirmed with another pattern in lower time frame
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went straight to opposite direction .. big time
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  • #356
  • Apr 24, 2019 5:55am Apr 24, 2019 5:55am
Quoting Musanto
even it's confirmed with another pattern in lower time frame {image} went straight to opposite direction .. big time {image}
It is just a triangle pattern, not harmonic.

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  • #357
  • Apr 28, 2019 7:13am Apr 28, 2019 7:13am
Hello everybody.
I am an harmonic trader from Germany. I have been trading harmonic patterns for more than 10 years with a big break included.
They just give me an idea of an entrance. What really counts is your money managment.

I will post some selected ideas here and would like to discuss it. These are only ideas and i dont recommend to follow me.

#1
Crude Oil. Bearish Bat
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  • #358
  • Apr 30, 2019 8:08am Apr 30, 2019 8:08am
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Patterns have an underlying mathematical structure.
  • #359
  • Apr 30, 2019 2:00pm Apr 30, 2019 2:00pm
Quoting Amir_Forex
{image}
Hello Amir I love what you're doing here. I noticed you from EURUSD only thread. Please how do you determine you target when trading the Crab (deep crab) pattern? Usually I thought 50% fib level is ok but I lack the confidence to stick to it. My favourite is the shark pattern
  • #360
  • Apr 30, 2019 11:19pm Apr 30, 2019 11:19pm
Quoting alphabear
{quote} Hello Amir I love what you're doing here. I noticed you from EURUSD only thread. Please how do you determine you target when trading the Crab (deep crab) pattern? Usually I thought 50% fib level is ok but I lack the confidence to stick to it. My favourite is the shark pattern
.
Attached Images
Patterns have an underlying mathematical structure.
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