Learning to trade with harmonics

Just recently came to know the existence of the term "harmonics"

I don't know anything about it, and would like to learn more about them, and eventually maybe incorporate it in my trading.

Anyone know any good material on this?

what s harmonic s?

not exactly the reply that i was looking for.

Harmonics are Price Patterns that yield a high chance of reversals. such as the butterfly or the W pattern. some of them have accuracy of 80%+.

The hard part is on identifying them, and then learning to where to TP when entering a harmonic trade

Google harmonic trader and you will find a bunch of material, harmonics deal with repeating price patterns defined with fibonacci measurements. You'll find bats, butterflies, gartleys, 3 dives/drives, ab=cd's and a few other exotics.

Tis good information, but just a piece of the puzzle, not the whole answer.

good luck, regards

Not to throw harmonic trading by definition, but rather reidentify under another name: Elliott waves. I would just gaze back at several charts and note the behavior around 60 Minute M and W patterns. Key: note the overall market condition on the First , middle W or M pattern the exit is the last signature mark (last leg of the W or M) When you get what I called a staggered last leg (sideway action) this is where the Fundametals are key for a completion or failure of the pattern. This about as harmonic as it gets for real world trade harmonic discussions. I did much research over the years on HARMOINC trading it gets rediculous so much that one can hardly explain what they are attempting to do let alone be profitable enough to keep at it. My long time system is so simple and works daily for me without a worry of major failure.
just a few cents dude, before you embark on a long journey of a complex trading scenario utilizing harmonics as defined.

Hi dude...

Harmonics imo is best traded on long term charts for better results... i use harmonics as a guide but there are many possibilities as to where we are and at which point....

definately recommend studying it to see if it fits your style....

different strokes for different folks. i use harmonics by themselves and like everything out there you will take your share of losing trades. after using them for a couple years you do get an edge if you know how to trade them correctly

Agree. i've been trading just the patterns now for a couple years and its been the only way of trading that has made me money. Even in the last two years there have been a lot of improvements.

ive used the patterns for quite some time now and i find them to be very good with the addition of money management. in order to be successful imo you can't have a strategy without the money management.

my favorite pattern is probably the butterfly pattern. I found this site that reports stats on it, not sure how it works but it was the only site i found that reported this information.

Total Patterns: 172,703
Successful Patterns: 155,394
Failed Patterns: 17,309

I looked through the other pages and noticed the crab pattern was higher but the number of patterns were very few in comparison.

Check out the thread that is already started here on FF......"Ratios & Harmonics: A Different Way to Trade"

yes take these two books best of luck

You're replying to a 9 year old post lmao