Harmonic and Classic Patterns

Hi everyone.

I just recently got into harmonics about a week ago and fell in love. I think I put in about 30 hrs. studying up on whatever material I could find on the net and then I stumbled on to this section of the forum. God loves those who help themselves, as they say.

I just loaded the KorHarmonics V5 but I don't know if I configured it right. I can't seem to find any patterns emerging. I can't even see past patterns in any time frames. Right now my ZUP_v6 indicator has been my saving grace.

I have another question for you guys. Ever consider taking the trade after point B is formed and ride the formation of C to D (also put stop above or below A depending on the pattern) and then prepare for reversal at D? From what I'm looking at the C to D formation always seem to be a larger move.

Any help with KorHarmonics indicator and opinions on my trade idea of C to D would be appreciated.

By the way, big THANK YOU to the guys who contributed to this tread. Seriously, I think this is hugh!

Jonathan

Hi,
what is the error you are getting? (see what Alert is displaying)
See in the pdf, all errors are listed and solution provided.
Make sure you did properly step 3 from installation.
Which currency pair you run it on, standard ones are prefonfigured in the txt file, but if you use it on the specific one you may need to add a line.
Cheers!

Hello every one.. interesting Thread..

I dont have this indicator or option on my plat form..

Could some one do a harmonic pattern on GBP/ JPY. please...

will be greatly appreciated..!!

Thanks.

its been 40 hours ...hmm ... NO reply... guess this thread is DEAD..!!

I used to run searcg pattern before but not now-a-days as it use too much recources & mt4 crush very frequently.

After seeing your post run it & see future patterns not any running .
fontu

You can trade the ABC formation!! Its simple retracement!
Take care!

Hi,
I am preparing the korSigMonitor v001 to monitor multiple instruments and TFs for harmonic and price patterns. Signals are generated from korHarmonics v006 (006 got also a bit updated, especially regarding the emerging patterns functionality, ...and more changes to happen).

See the layout with explanations. Your comments and ideas are welcome, so i can still perform the updates this week.

I hope to make the Test versions available on the site soon.
Cheers,
kor4x

Hey kor4x,

That type of monitor would be awesome. Great work. Hope you get it the way you want it soon.

Excellent work Kor

Very interesting work.

Hello everyone. Just registered as I'm really interested in this harmonic trading thing.

But for know, just a little doubt for Kor4x.

Yesterday on my 30 min GBPUSD I had a bat Bullish pattern detected by your indicator. The market starts to go up in that time but a few bars later the pattern is gone, vanished. Where did he go? history only see's patterns that have worked out?

Best to your trading
PH

@phneutral

Hi,
I think you are right with your findings.
Pattern looks back number of points defined by a user, default 7 (if in real-time mode, in history of course much more). It looks for defined geometries, so i assume it was a bat formation (displayed, and even crowed reaction) but then was invalidated some minutes later and disappeared as not anymore meeting the bat relationships.

BTW: I am working on a feature that will allow to take immediate picture/snapshot when the pattern shows up and just before pattern disappears. We will use it to test the patterns in Strategy tester for example, so during the night indi can run and take all the snapshots and in the morning we will be able to review the results, count the number of patterns that worked and that failed, look for confirmation signals.
Cheers,
kor4x

I'm still missing something Kor4x.

If the pattern shows up and the market Really reacts to him, (not sure is 23.6 were taken) how could he a few bars later be invalidated? If the bars were downside i would understand your explanation but they were not.

I leave you the chart were all that thing happens.

Many many thanks to your work with this indicator kor4x, this is really really something...

Best to your trading
PH

@phneutral
Sorry, not sure why it could happen.
I have run this part of the chart in MT4 Strategy Tester, but did not discover any formation that came up and disappeared immediately.

A nice catch

sorry kor4x, is one leg up, i will post it tomorrow.

I really think it was here. Can u test it?

Best regards
PH

Hi PH,
What a surprise...
I was actually checking sth on my friend's site and i have found a link to your blog (nice one!). You are preparing very nice pics using korHarmonics :-) Thanks!
Drop me an email, I will be glad to hear your comments and suggestions regarding my indi. I still work on Test3 where i change a lot, probably too much, ...so there is a chance to advise me now.
Cheers,
kor4x

Hi Kor4x!

We are the very best fans of your indicator. I think he is going on a great way and it's us who should thank you for such a job.

Yes we are preparing some trading setups Korharmonics based and i will try to post them here too. Objective is to conciliate patterns with Elliot waves for accurate trading entries.

Best to you! I'll leave u an email soon.
PH

http://phneutral.do.sapo.pt/usdjpy.gif