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Harmonic and Classic Patterns

  • #261
  • Jan 9, 2012 2:15pm Jan 9, 2012 2:15pm
Hi Harmonic traders,

When harmonic pattern occured and you decide to enter at point D, you are expecting to have a target at point E, or you just get out when you touch B level?

The aim of my question is: is there any calculation for point E?

Thanks.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #262
  • Jan 10, 2012 1:42am Jan 10, 2012 1:42am
completly depends on your strategy...

since (for example) Gartley is a correction in a trend than you may aim for a trend continuation move so your TP can be higher/lower than A-point.

you can also aim for B points TP, but it's not so good RR usually.
  • #263
  • Jan 10, 2012 2:34am Jan 10, 2012 2:34am
good kor harmonic pattern
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  • #264
  • Jan 11, 2012 8:56am Jan 11, 2012 8:56am
We have opened the Harmonic Trading Chatroom, if anyone is intersted to join and share the knowledge:

http://tradingarsenal.com/showthread...atroom-Join-Us!
  • #265
  • Jan 11, 2012 11:53am Jan 11, 2012 11:53am
Bad kor harmonic pattern
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  • #266
  • Jan 14, 2012 8:36am Jan 14, 2012 8:36am
- I've downloaded the book The Gartley Trading method by Ross Beck and he uses Beck Emblem method to enter a Gartley pattern if any one know how to draw it on mt4 or have an indicator for it please share.

- I have tried to upload the book and the videos but the connection was rest so many times, So search the name on the forum and u will find it and also u will find 4 videos about Ross Beck, the author of the book .

- Thanks in advance.
  • #267
  • Jan 14, 2012 12:01pm Jan 14, 2012 12:01pm
I got his book too. For the emblem you have to buy his software.
I have pretty good luck just using the fib & extension tools in MT4 and drawing them myself, I don't think you need the emblem but that is just my view.
GL

Quoting Ziko9o8
- I've downloaded the book The Gartley Trading method by Ross Beck and he uses Beck Emblem method to enter a Gartley pattern if any one know how to draw it on mt4 or have an indicator for it please share.

- I have tried to upload the book and the videos but the connection was rest so many times, So search the name on the forum and u will find it and also u will find 4 videos about Ross Beck, the author of the book .

- Thanks in advance. ...
  • #268
  • Jan 14, 2012 12:53pm Jan 14, 2012 12:53pm
- Hello elitejets, I only use crabs and bats patterns and i missed a great opportunities on gartley and butterflies So, I want to know where we enter If we have a prz of 100 pips, So I think the emblem tool will be perfect because Ross L.Beck spend ten years studying and developing only gartley pattern.

- Take the example here on AUD/USD I have entered this trade perfectly but scared:

1) Perfectly, on the support of Gann fan (Yellow lines) btw I've developed this strategy by myself so I don't know if it work consistently or not.

2) Scared, because of another 50 pips risk to the downside.

- So I want to enter at the perfect spot of both gartley and butterfly and not to be scared to take them, If u have any information please share on how to choose a point from huge prz.

- Thanks elitejets and hoping that u post your trades here to learn from you.
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  • #269
  • Jan 14, 2012 1:53pm Jan 14, 2012 1:53pm
Most people who trade patterns use an entry trigger, there is nothing wrong with using fan if you have developed rules for it.
If there is 50 pips risk to the downside then you have to adjust your position size to accomodate that so you do not lose more than you are willing to. Managing your risk is the most important part of trading.

If you really want to use the emblem I suggest you contact him here http://www.geometrictrading.com/Pages/contactus.aspx and ask him but I am pretty sure you have to buy his software and you can't use metatrader.

Good luck
  • #270
  • Jan 16, 2012 12:35pm Jan 16, 2012 12:35pm
M5 EUR/USD
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  • #271
  • Jan 16, 2012 12:52pm Jan 16, 2012 12:52pm
GOLD :
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  • #272
  • Jan 16, 2012 1:13pm Jan 16, 2012 1:13pm
- Hello Mehrdadovic, I've sent u e-mail yesterday regarding your drawing of square inside of it a triangles. I've seen it before on your AUD/USD chart in EurUsd thread. The problem is how could you draw it using mt4 .

- Thanks for posting Here.
  • #273
  • Jan 16, 2012 1:19pm Jan 16, 2012 1:19pm
Quoting Ziko9o8
- Hello Mehrdadovic, I've send u e-mail yesterday regarding your drawing of square inside of it a triangles. I've seen it before on your AUD/USD chart in EurUsd thread. The problem is how could you draw it using mt4 .

- Thanks for posting Here.
You can use these anlysis by DT5 software.Search it .
Be cool in trade
  • #274
  • Jan 16, 2012 3:14pm Jan 16, 2012 3:14pm
- Hello alidoust, I've search and download DT5 that doesn't work, if u give me the link, i would be greatful.
  • #275
  • Jan 18, 2012 10:28am Jan 18, 2012 10:28am
-H1 EUR/JPY
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  • #276
  • Jan 18, 2012 9:07pm Jan 18, 2012 9:07pm
Quoting Ziko9o8
-H1 EUR/JPY
quite like this one. fits my criteria,

in line with resisitance with more than 3 contact points.
crab has more than 30 candles, giving it good structure.

I would expect the trade to complete within a 12 hours period. (at least to the B point)

got a nice 1:2 RvR. or greater.

Good find Ziko9o8
  • #277
  • Jan 21, 2012 5:55am Jan 21, 2012 5:55am
..........
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  • #278
  • Jan 21, 2012 8:17am Jan 21, 2012 8:17am
Quoting Cinder Man
..........
nice find Cinder Man, lets hope it goes a bit higher and we can use the recent high to place a stop.
  • #279
  • Jan 25, 2012 11:51pm Jan 25, 2012 11:51pm
...........
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  • #280
  • Jan 27, 2012 9:55am Jan 27, 2012 9:55am
- M5 Pound/Swiss
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