Harmonic trading-harmonic patterns

Lots of indicators showing reversal on the Aussie anyway, and looks like they're chilling on the interest raises too, so makes sense. When fundamentals jive with patterns...yummy.

At any rate, didn't see this indicator in the thread so thought I'd add it. Some have been looking for indi's that will show the patterns. Lots of the ones I've seen only show the patterns once they are completed and reversed though, so doesnt help much in trading. As you see, this one does put up potential pattern completions. The Kor indicator I think does as well but I dont understand it to that level yet.

By the way, comparing the two in these charts...the pattern indi may have missed the big pattern, or it could be that it was just too far in the history to care to display it. Kor did display it, but doesnt display the potential completion of the next one. At least thats what I see so far.

Here is what i see on Gbp / Jpy !

Bullish Gartley

and also bearish Gartley on EUR / GBP !

You can read a book called " Trade what you see" and search for "Gatley-222" on internet, you may get some idea of it.

.
.
.
.
.
.
.
.
.
.
.
.
.

.

.
.
.
.
.
.
.
.
.
.
.
.

nice

Link to chart & target suggestions ... click here.

HI traders,
I'm completely new to harmonic .Can anybody gives me some tutorial sources for learning?

Thanks

Harmonic patterns are specific price structures that develop in markets. Essentially a harmonic pattern is an impulse wave followed by 2 corrective waves. One of the earliest such patterns was the Gartley, which was identified by HM Gartley in the 1930s. A lot of work has been done on these patterns over the last several decades by independent sources. One of the refinements has been the assignment of specific Fibonacci ratios to define the various legs of the formation. These patterns are fairly specific and often accurate.

There are a lot of other details on how to identify these as well as trade them.

For more information, refer to the following

Harmonic Trader Site


Fibonacci Ratios With Pattern Recognition by Larry Pesavento


Harmonic Trading, Volume One by Scott Carney


Harmonic Trading, Volume Two by Scott Carney


The Gartley Trading Method by Ross Beck

Geometry of Markets by Bryce Gilmore

Link to analysis and chart - here.

Nice thanks!

Is this group dead or what. I am just starting to learn about Harmonic trading and would love to have this group start up again with more posting and leaning from each other.

One thing I wanted to know. In the picture that hopefully is attached. How are they finding the angles from the top of the pattern? I think it says 1.618 from X to D. What's the easiest way to get that number? I understand they are Fibonacci numbers.

thanks all

Michael

XD is measured from XA

maybe this thread is quiet because it took longer times for the pattern to develop ? compare with other methods.. or much more difficult to master..
I used the elemental trader indicator at my MT4 platform to check if there's any pattern show up..

Good luck !!

enabled p&f patterns + some exotics on harmonics

not very much signals but very good

24/7 on my vps sent to email ... if you want i can include your email to reciever list

any one hear that one 2 one bearish pattern ?

both ready to go up

hi cooltrader

can u plz post mt4 indicator for pattern recognising

harmonic patterns are said to be very perfect. They may not all reach the profit target but they will certainly give some good profits which we can take.