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Harmonic and Classic Patterns

  • #21
  • May 5, 2009 5:00pm May 5, 2009 5:00pm
Quoting SwellTrader
This is a possible Head & Shoulder pattern in H4 time frame.
Is important to note the previous Butterfly Harminoc Pattern which conforms Left Shoulder.

The Neckline breakout and retest is not so clear, but a new low below 1.1977 will confirm the bearish move.

As per the Patternīs theory, we`ll expect an aproximately 800 pips bearish move from the neckline to the south.
Hi all,
This is a possible Bearish Head And Shoulders, within the bigger one.
Note the Bearish Butterfly, conforming the left Shoulder.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-05-05_1651.jpg Size: 134 KB
  • #22
  • May 5, 2009 7:55pm May 5, 2009 7:55pm
The Higher Low, almost double bottom @ 1.3283 (if it maintain), will open the possibilities for a bullish AB=CD pattern.
If that double bottom fails, i`ll expect that price unfolds a bullish Gartley, which will lead price to 88.6% Fib Retracement of XA Leg @ 1.3239.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-05-05_1944.jpg Size: 177 KB
  • #23
  • May 6, 2009 12:41pm May 6, 2009 12:41pm
Hi,
Happy to see the thread.
Some months ago i started my internal project - Harmonic Trading.
I have developed an MT4 indicator korHarmonics that looks for some harmnonic paterns. The list of patterns implemented for now:
"ABCD_Bullish",
"ABCD_Bearish",
"I ABCD_Bullish",
"I ABCD_Bearish",
"I+T ABCD_Bullish",
"I+T ABCD_Bearish",
"Gartley Bullish",
"Gartley Bearish",
"Butterfly Bullish",
"Butterfly Bearish",
"Crab Bullish",
"Crab Bearish",
"Bat Bullish",
"Bat Bearish",
"Batman Bullish",
"Batman Bearish",
"RGR Bullish",
"RGR Bearish",
"I+RGR Bullish",
"I+RGR Bearish",
"3Drives Bullish",
"3Drives Bearish",
"5-0 Bullish",
"5-0 Bearish",
"Running Corr Bullish",
"Running Corr Bearish"

Currently i am trying to figure out some other entry/exit confirming elements. Will gladly observe your progress on the topic.
Cheers,
kor4x
Attached Image(s) (click to enlarge)
Click to Enlarge Name: harm100.gif Size: 21 KB
Click to Enlarge Name: harm101.gif Size: 25 KB
  • #24
  • May 7, 2009 1:55am May 7, 2009 1:55am
hi guys, can anyone show me how to use the fib projection tool???
i get mixed info when i look on the net.
cheers
jon
PATIENCE... DISCIPLINE
  • #25
  • May 8, 2009 9:33am May 8, 2009 9:33am
I would like to hear which types of confirmation you would use for the formation that we just got on EURUSD H4 :-)
Looking forward to hear your ideas...
Attached Image (click to enlarge)
Click to Enlarge Name: harm102.gif Size: 24 KB
  • #26
  • May 8, 2009 11:11am May 8, 2009 11:11am
This is very interresting..i would love to have some more info on this indicator you have developed. i use met4

Quoting kor4x
Hi,
Happy to see the thread.
Some months ago i started my internal project - Harmonic Trading.
I have developed an MT4 indicator korHarmonics that looks for some harmnonic paterns. The list of patterns implemented for now:
"ABCD_Bullish",
"ABCD_Bearish",
"I ABCD_Bullish",
"I ABCD_Bearish",
"I+T ABCD_Bullish",
[FONT=Times...
  • #27
  • May 8, 2009 11:28am May 8, 2009 11:28am
EURGBP M30
Attached Image (click to enlarge)
Click to Enlarge Name: harm103.gif Size: 31 KB
  • #28
  • May 8, 2009 11:41am May 8, 2009 11:41am
@StarChild,
Well, indicator works really nice , especially as REMINDER, as it is not missing/skipping any formation :-)
I am using it to monitor number of markets, any TF. So many of harmonics is found each day.
Drop me an email ([email protected]) so i can sent you a short pdf about it (Polish version only, sorry, but screens show the functionality)

The problems I am facing are related to finding good confirmation methods, as too often (for me) the nice looking harmonic formation finishes with SL, just to behave correctly on the next swing.
So my internal project priorities shifted now from work on indicator itself into working on the confirmation methods.
  • #29
  • May 8, 2009 12:11pm May 8, 2009 12:11pm
Hi Kor4x..I sent u a private message..this is the chart I was talking about..bearish butterfly??

Quoting kor4x
@StarChild,
Well, indicator works really nice , especially as REMINDER, as it is not missing/skipping any formation :-)
I am using it to monitor number of markets, any TF. So many of harmonics is found each day.
Drop me an email ([email protected]) so i can sent you a short pdf about it (Polish version only, sorry, but screens show the functionality)

The problems I am facing are related to finding good confirmation methods, as too often (for me) the nice looking harmonic formation finishes with SL, just to behave correctly on the next swing.
So...
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 23 KB
  • #30
  • May 10, 2009 2:10pm May 10, 2009 2:10pm
Hi everyone, is it possible that the PA will move down?
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy h1 20090510.gif Size: 38 KB
  • #31
  • May 10, 2009 2:16pm May 10, 2009 2:16pm
Quoting kor4x
Hi,
Happy to see the thread.
Some months ago i started my internal project - Harmonic Trading.
I have developed an MT4 indicator korHarmonics that looks for some harmnonic paterns. The list of patterns implemented for now:
"ABCD_Bullish",
"ABCD_Bearish",
"I ABCD_Bullish",
"I ABCD_Bearish",
"I+T ABCD_Bullish",
[FONT=Times...
Very good work all patterns together, do you like to share your indicator.
Thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #32
  • May 11, 2009 5:18am May 11, 2009 5:18am
This is very nice wolfe wave that I have spotted earlier in Asian session. Entry at 8/8 MML which also confluence with fib 61.8 retracement. First tp when price hits the WW1-WW4 and 2nd tp at 127.2 fib.
Attached Image (click to enlarge)
Click to Enlarge Name: wwgj30min.jpg Size: 158 KB
  • #33
  • May 11, 2009 6:41am May 11, 2009 6:41am
It's something like proof for me, that these patterns work. I find out about harmonic patterns just this weekend and already now made pips. Sell at point D, 22:00 open price
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy h1 20090511.gif Size: 38 KB
  • #34
  • May 11, 2009 9:01am May 11, 2009 9:01am
@fontu,
I may place the korHarmonics trial this week, however i would like to indicate that there is no documentation in English (only Polish available) and I will not have much time for support and basic questions.

However gladly will hear comments on functionality and possible improvements.
Also hope to learn more from you how to confirm the pattern before taking a position.
  • #35
  • May 11, 2009 9:35am May 11, 2009 9:35am
Quoting kor4x
@fontu,
I may place the korHarmonics trial this week, however i would like to indicate that there is no documentation in English (only Polish available) and I will not have much time for support and basic questions.

However gladly will hear comments on functionality and possible improvements.
Also hope to learn more from you how to confirm the pattern before taking a position.
Thanks for the information ,hopefully will watch your trail.Language should not any problen we may some site for translation timebeing and actually matters if it identify most visible patters those may be overlooked by us. if show on the chart by some sorts of graphics are better than text .
thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #36
  • May 11, 2009 11:22am May 11, 2009 11:22am
Quoting SwellTrader
This is a possible Head & Shoulder pattern in H4 time frame.
Is important to note the previous Butterfly Harminoc Pattern which conforms Left Shoulder.

The Neckline breakout and retest is not so clear, but a new low below 1.1977 will confirm the bearish move.

As per the Patternīs theory, we`ll expect an aproximately 800 pips bearish move from the neckline to the south.
The pattern unfolded very nice.
Pair should rise up to upper side of the bearish channel. Then we`ll see if price breaks bullish or resume the bearish trend.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-05-08_1707.jpg Size: 161 KB
  • #37
  • May 12, 2009 8:10am May 12, 2009 8:10am
now in this pair is butterfly patern
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h1 20090512.gif Size: 23 KB
  • #38
  • May 12, 2009 11:10am May 12, 2009 11:10am
Butterfly on the 5 e-wave.
Attached Image (click to enlarge)
Click to Enlarge Name: harm104.gif Size: 16 KB
  • #39
  • May 12, 2009 1:10pm May 12, 2009 1:10pm
what is the Entry Point ?? is it A or B or C or D ??
Never sell @ lower upward channel unless breacked and vise versa .
  • #40
  • May 12, 2009 9:50pm May 12, 2009 9:50pm
Here is my chart, is it right ?

Attached Image


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