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Harmonic trading-harmonic patterns

  • #1
  • First Post: Nov 7, 2006 7:53pm Nov 7, 2006 7:53pm
I just learned of these recently. Has anyone had any experience with this?
  • #2
  • Nov 23, 2006 12:13pm Nov 23, 2006 12:13pm
Quoting clam61
I just learned of these recently. Has anyone had any experience with this?
Yep, a buddy of mine turned me on to harmonic trading about 3 mos. ago. Been using Gartley and Butterfly (a few Crab & Bat) patterns since - seems like about 60-80% accurate. Hardest part is identifying the proper target zones and when to move stops up.
  • #3
  • Nov 23, 2006 12:56pm Nov 23, 2006 12:56pm
You need to talk with Accrete and Lou... They are resident experts at Harmonics.. Accrete has taken all of the courses in it.
Quoting clam61
I just learned of these recently. Has anyone had any experience with this?
  • #4
  • Nov 23, 2006 2:25pm Nov 23, 2006 2:25pm
Quoting smjones
You need to talk with Accrete and Lou... They are resident experts at Harmonics.. Accrete has taken all of the courses in it.
Greetings. Scott you are waaaaay to kind. Though the type of "Harmonics" i am privy to is quite different than picking price patterns out...I don't consider myself an expert in the kind of "Harmonics" the above have mentioned.

I deal mainly in the theory of "Harmonic Beats" as taught by one of my trading mentors Jared Martinez. His 20 ish year old theory states that all currencies move in relation to a pattern of advancement and retracement within a given fraction of 60 pips (60pips = 1HB). This is what i utilize in my daily routine and my breakout trading that i typicaly trade on intraday charts.

Sooooo....in keeping in the context of the first post? Well i don't think i have any intellegent thing to add except that the Oregon Coast has lots of great crab, our caves do have bats, and the butterflys will return this spring.

Lou? Now that boy has some Rocket Scientist stuff on harmonics/time-cycles. Very cool stuff and way over this kids head!

Happy trading your "Harmonics". I know they can be powerful tools, just have yet to make time/desire to learn the ins and outs of patters beyond simple bar/candle stuff as i'm still more of a level-breakout trader.

: ) Thom
  • #5
  • Nov 23, 2006 4:44pm Nov 23, 2006 4:44pm
Clam if you want to study more then simple harmonic price patterns, there are yahoo groups that deal with more advanced kind of stuff. Just go there and download all the books you can Two groups I have in my browser's history are gann_harmonic_traders and gannsghost.

And then if you feel you're suddenly hooked in this stuff, get anything by Michael Jenkins, I highly recommend it, it did wonders for me .
-soso
  • #6
  • Nov 23, 2006 6:08pm Nov 23, 2006 6:08pm
This indicator may help out also.
Attached File(s)
File Type: mq4 Harmonic 0_Harmony_06.mq4   15 KB | 12,199 downloads
  • #7
  • Nov 23, 2006 6:47pm Nov 23, 2006 6:47pm
Wrong indicator try this one.
Attached File(s)
File Type: mq4 Harmonic ZUP_v20.mq4   55 KB | 17,989 downloads
  • #8
  • Nov 23, 2006 7:30pm Nov 23, 2006 7:30pm
Quoting Markj
Wrong indicator try this one.

Thank you! looks like a spider web to me(newbies). Could u please tell me what is the best TF for your indicator and whats the numbers are for(well...basically how to use it...LOL)
  • #9
  • Nov 24, 2006 10:08am Nov 24, 2006 10:08am
Clam, I spent about a year on Brad Cowan's Stock Market Geometry which is a course that covers heliocentric planetary alignments with Commodity market cycles as well as harmonics and sympatheitic resonance and multi dimensional geometry (time is not linear).

Its all interesting stuff but its very heavy and would take years to master properly. I never got there and felt the possibility of making any money with it was very slim. Despite the time I spent I have no regrets since it was intellectualy stimulating.

Good luck
  • #10
  • Dec 9, 2006 1:07pm Dec 9, 2006 1:07pm
Quoting Enroth
I never got there and felt the possibility of making any money with it was very slim. Despite the time I spent I have no regrets since it was intellectualy stimulating.

Good luck
Take it easy !

Silver Weekly

Ideal Gartley Pattern ( 76-61 )
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  • #11
  • Dec 9, 2006 1:16pm Dec 9, 2006 1:16pm
Silver Daily

Ideal AB=CD Pattern (127-76 )
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  • #12
  • Dec 9, 2006 4:56pm Dec 9, 2006 4:56pm
Quoting smjones
You need to talk with Accrete and Lou... They are resident experts at Harmonics.. Accrete has taken all of the courses in it.
Wow, thanks... If I am an expert, heaven help the novice. Maybe he meant ' harmonica ' ... I used to be pretty good at that.

Seriously, I am enjoying my work with Gann and the Square of 9.


Lou
  • #13
  • Dec 9, 2006 5:51pm Dec 9, 2006 5:51pm
Does it seem to be accurate for you. More so then what I cal tell of Elliot wave. Now I know not much(nice english huh) of Elliot wave. But it seems like there is a lot of discrepencies on that and interpatational changes.
Quoting Lou
Wow, thanks... If I am an expert, heaven help the novice. Maybe he meant ' harmonica ' ... I used to be pretty good at that.

Seriously, I am enjoying my work with Gann and the Square of 9.


Lou
  • #14
  • Edited 6:43pm Dec 9, 2006 6:24pm | Edited 6:43pm
A good reversal situation ...

EUR/USD WEEKLY

Ideal Gartley (61-76)
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  • #15
  • Dec 10, 2006 7:03am Dec 10, 2006 7:03am
Special kind of Butterfly Pattern (76-161)

SGD/USD WEEKLY
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  • #16
  • Dec 10, 2006 7:19am Dec 10, 2006 7:19am
Ideal Butterfly (76-127)

AUD/USD DAILY
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  • #17
  • Dec 10, 2006 3:05pm Dec 10, 2006 3:05pm
"Does it seem to be accurate for you. More so then what I cal tell of Elliot wave. Now I know not much (nice english huh) of Elliot wave. But it seems like there is a lot of discrepencies on that and interpatational changes."


From what I have seen so far, the discrepancies one typically sees have far less to do with deficiencies in Elliott Wave theory, and far more with the deficiency of people to properly understand and apply it. Incompetency, confusion, dishonesty and laziness seem to be endemic in the human race as currently configured, and these traits are easily identifiable in any field where they are tolerated. Academic mathematics and engineering are two fields where these traits are not readily tolerated, which is why I think mathematicians and engineers are likely to be the best traders.
  • #18
  • Dec 10, 2006 8:20pm Dec 10, 2006 8:20pm
Quoting itme
"Does it seem to be accurate for you. More so then what I cal tell of Elliot wave. Now I know not much (nice english huh) of Elliot wave. But it seems like there is a lot of discrepencies on that and interpatational changes."


From what I have seen so far, the discrepancies one typically sees have far less to do with deficiencies in Elliott Wave theory, and far more with the deficiency of people to properly understand and apply it. Incompetency, confusion, dishonesty and laziness seem to be endemic in the human race as currently configured, and these traits are easily identifiable in any field where they are tolerated. Academic mathematics and engineering are two fields where these traits are not readily tolerated, which is why I think mathematicians and engineers are likely to be the best traders.
Just curious as to what your reply is to the observation: 'that it is people who trade and therefore people are the cause of price action'.

Lou
  • #19
  • Dec 10, 2006 11:45pm Dec 10, 2006 11:45pm
I don't really know who or what trades. I know that between $1 trillion and $3 trillion regularly changes hands daily. I've heard that there are $550 trillion dollars tied up in Forex positions. I've heard that over 95% of Forex positions are taken as speculative investments, rather than real currency exchange to facilitate international commerce or non-Forex investment transactions. I've heard that the value of over 97% of Forex transactions are undertaken by large institutions.

I surmise that institutions employ rigorous models to trade, that many or most trades are initiated by computers, and that those computers are programmed by mathematicians, institutionally trained traders and macro-economists. I surmise that the behavior of the Forex market is essentially or precisely the collective behavior of about 1.5 million computers and teams of people following inflexible protocols that have been developed and approved by committees. The theories that underlie the protocols and programs are the theories that are prevalent in universities and banking courses - efficient market hypothesis, macro-economics, etc.

I theorise that fear and greed are insignificant factors in Forex behavior - but instead the Forex is the collective behavior of 1.5 million programmed computers and disciplined trading rooms.

My observations of the Forex market, in terms of the precision predictibility of most if not all of its movements, when the generalised principles of the system have been isolated, can be best be explained by the hypothesis that rigid protocols, not human emotions, drive the Forex market.
  • #20
  • Dec 11, 2006 2:32am Dec 11, 2006 2:32am
'Profitable Patterns for Stock Trading' Larry Pesavento -- an old book (circa 1999) but a very useful introduction to the above. Cuts through a lot of intellectual fog and outlines 10 major patterns and the trading rationale. Gives the key harmonic numbers for various markets -- not Forex.

I use Ensign software with an eSignal data feed to trade the e-mini's because my system utilises 'Pesavento Patterns' and to the best of my knowledge only Ensign has these as standard. It updates graphically all the patterns and fib ratios in real time and I find it very helpful indeed.

HTH --- Bramhall17

p/s Check out Maceo Jourdan I think he uses Harmonics for Forex he is a professional Forex trader . I don't use him myself so I can't give an opinion.
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