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Harmonic and Classic Patterns

  • #321
  • Feb 21, 2012 4:09am Feb 21, 2012 4:09am
hello kor4x and everybody
one to one bullish has come out and touched demand zone.
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  • #322
  • Feb 21, 2012 4:13am Feb 21, 2012 4:13am
Quoting fantom
hello kor4x and everybody
one to one bullish has come out and touched demand zone.
- I think it is a dead cat bounce (pattern will be failed) but who knows, now Greece is on the news.

- Btw how can you draw gann grid like that in your chart?
  • #323
  • Feb 21, 2012 4:42am Feb 21, 2012 4:42am
Quote
Btw how can you draw gann grid like that in your chart?
10000/1000 scale for 5 digit.
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File Type: mq4 GB 360.mq4   45 KB | 1,162 downloads
  • #324
  • Feb 21, 2012 4:58am Feb 21, 2012 4:58am
Quoting fantom
10000/1000 scale for 5 digit.
- Thanks for the indicator but in the inputs I didn't find scale and what do you mean by 5 digit (because the prices in my mt4 is 4 prices on the right of the decimal point).

- Is there is any place I could read about this indicator and how does it work?
  • #325
  • Feb 21, 2012 6:52am Feb 21, 2012 6:52am
try price-1000/time-100 ;unfortunately ,coders forum is in russian language and i couldnt any info.double click arrow and place it on swing high/low where you want.this indi seems meaningless at the beginning but retest-rejections make it meaningful.as long as you experience it, you are goingto understand what i mean.

good evening
  • #326
  • Feb 21, 2012 8:22am Feb 21, 2012 8:22am
Quote
- Dear Kor4x, you said in post #316, you have used both Murrey Maths. and pivot points and you didn't find them helpful, but now in post #319 you are finding them helpful:

1) Did you change your pivot point indicator?

2) If you didn't change your indicator, what makes it work now?

3) What indicator did Ziemo use in his video?

4) Did his indicator can be used in M5 time frame?

- Thanks in advance.

i do not see in #316 anything about not finding them helpful. Misunderstanding i guess.

ad1. no, i am having couple of pivot indicators from different www places. Still did not defined which one is the best. Anyone i think i will prepare my own, so it will fit my style best.

ad2. not sure what you mean.
ad3,4. not sure which one he used, but all of them seem to give same/very similar levels.

yes, i am looking at pivots now every day, and find them helpful as confirmations for the harmonic trades.
  • #327
  • Feb 21, 2012 8:23am Feb 21, 2012 8:23am
@fantom: could you please explain a bit regarding this Gann approach? so many lines on the chart...
  • #328
  • Feb 21, 2012 8:28am Feb 21, 2012 8:28am
Regarding different confirmations for the harmonic trading this is our TradingArsenal collection:
http://tradingarsenal.com/gartley-pa...e-content.html

some of them unfortunatelly i find a bit too complex and my approach lately is to simplify the trading as much as possible. This is also why Gann is not on the list, although maybe one day i will discover the power of Gann :-) I hope.

could you please share your approach for confirming the entries?
based on price?
based on price and time?

thanks,
kor4x
  • #329
  • Feb 21, 2012 9:18am Feb 21, 2012 9:18am
Quoting kor4x
Regarding different confirmations for the harmonic trading this is our TradingArsenal collection:
http://tradingarsenal.com/gartley-pa...e-content.html

some of them unfortunatelly i find a bit too complex and my approach lately is to simplify the trading as much as possible. This is also why Gann is not on the list, although maybe one day i will discover the power of Gann :-) I hope.

could you please share your approach for confirming the entries?
based on price?
based on price and time?

thanks,
kor4x
1) Unfortunately, I have been searching for one, only one thing, that works consistently to confirm entry points and patterns but I don't find anything yet.I have studied all things that it comes or not to your mind and never sleep during Saturdays and Sundays but in vain but I keep telling my self that, one day I will find it and when is that happens, it will be the holiest grail.

2) I assume with you that we have founded what can confirm our pattern in exact price then the time will be our problem (the news can erupt like a volcano in any second and our stops is eaten).

GL.
  • #330
  • Feb 21, 2012 9:46am Feb 21, 2012 9:46am
Quote
1) Unfortunately, I have been searching for one, only one thing, that works consistently to confirm entry points and patterns but I don't find anything yet.I have studied all things that it comes or not to your mind and never sleep during Saturdays and Sundays but in vain but I keep telling my self that, one day I will find it and when is that happens, it will be the holiest grail.

2) I assume with you that we have founded what can confirm our pattern in exact price then the time will be our problem (the news can erupt like a volcano in any second...
ad1. From my experience, 1 confirmation is not enough. I have couple of favourites that work well enough. And i have found with them my holly grail :-)
ad2. price and time working together is very important. In AMP indicator we analyse price+time fractals on multitimeframes and i trust it's good approach. Yes, price can move any time in any direction. Any harmonic can fail. But it's important so we have more winners than losers. Only this :-)

a bit about AMP indicator is here: http://tradingarsenal.com/amp-indicator-releases/
and a bit about AMPmonitor (web monitoring solution based on AMP is here): http://tradingarsenal.com/ampmonitor/

still, development is not over. For example now thinking how/when to incorporate Pivot Points into it.
  • #331
  • Feb 21, 2012 9:55am Feb 21, 2012 9:55am
Quoting kor4x
ad1. From my experience, 1 confirmation is not enough. I have couple of favourites that work well enough. And i have found with them my holly grail :-)
ad2. price and time working together is very important. In AMP indicator we analyse price+time fractals on multitimeframes and i trust it's good approach. Yes, price can move any time in any direction. Any harmonic can fail. But it's important so we have more winners than losers. Only this :-)

a bit about AMP indicator is here: http://tradingarsenal.com/amp-indicator-releases/
and a bit...
- Thanks Kor4x for helping us in this abandon thread, I will check the 2 links that you give me in Saturday and Sunday.
  • #332
  • Feb 21, 2012 10:03am Feb 21, 2012 10:03am
sure. take your time.
it's not easy road to master harmonics, but you seem to be the one that tries to understand. Many people just trade all what an pattern recognition indicator is displaying. Madness!
  • #333
  • Feb 27, 2012 11:24pm Feb 27, 2012 11:24pm
Foxmehrabi, hows it going with your testing? Have you placed an order for your Ferrari
  • #334
  • Feb 28, 2012 2:04am Feb 28, 2012 2:04am
Quoting rabhni
Foxmehrabi, hows it going with your testing? Have you placed an order for your Ferrari
hahha. not for a while yet i think. But yeah, its going ok. im using an additional method to confirm a reversal. Its by a guy called michael parsons, you should check it out. ive had some good results with using his balance points on the cd legs, and reading if the price action shows a bearish or bullish indication.

Sorry i havent been posting here for a while. TBH i find it a bit of a distraction to my trading.
  • #335
  • Edited 2:44am Feb 28, 2012 2:36am | Edited 2:44am
Quoting foxmehrabi
hahha. not for a while yet i think. But yeah, its going ok. im using an additional method to confirm a reversal. Its by a guy called michael parsons, you should check it out. ive had some good results with using his balance points on the cd legs, and reading if the price action shows a bearish or bullish indication.

Sorry i havent been posting here for a while. TBH i find it a bit of a distraction to my trading.
- Thank you foxmehrabi for keeping me busy for may be another month of studying!

- Every time I finishes studying any thing I thought this it, this the end of science, but then anyone share thoughts, open the tap of science again and when it rains, it pours.

- What do you think of that foxmehrabi (the interesting things never end)?

- What do you mean by distraction in trading? (please give us an example)

- Btw check your private messages & page 21 post #313, we can't lose at the moment.
  • #336
  • Feb 28, 2012 3:44am Feb 28, 2012 3:44am
Thanks foxmehrabi. It looks like there are no free stuff from Michael Parsons..Do you have any link to get some PDFs or videos?
  • #337
  • Feb 28, 2012 3:48am Feb 28, 2012 3:48am
Quoting rabhni
Thanks foxmehrabi. It looks like there are no free stuff from Michael Parsons..Do you have any link to get some PDFs or videos?
ah, so you only want free stuff. Hmmm.
  • #338
  • Feb 28, 2012 3:59am Feb 28, 2012 3:59am
Quoting Ziko9o8
- Thank you foxmehrabi for keeping me busy for may be another month of studying!

- Every time I finishes studying any thing I thought this it, this the end of science, but then anyone share thoughts, open the tap of science again and when it rains, it pours.

- What do you think of that foxmehrabi (the interesting things never end)?

- What do you mean by distraction in trading? (please give us an example)

- Btw check your private messages & page 21 post #313, we can't lose at the moment.
I think trading as a career, has you constantly reading and updating your methodology. i must say this parsons guy has really shaken my methods and ideology. There seems to be two things that has revolutionised my practice. one is Balance magic, and the other is Channel surfing. The balance magic gives you the midway point of a swing, what to look for and how to read it.This alone will help you with having confirmation for a move in your intended direction. not only can you know when it will go down, but also how far it will go. you can then project to a further swing. you can also measure how long will take to make these moves. With everything being perfect you get it to the day. but this doesnt happen all the time, and you need to adjust for bias and volatilitiy but it is all possible to work out.
pm me for the pdfs .

Regarding a distraction, what i find is trawling through ff or other forums looking for like minded people tends to distract me from my trading.

yes, i do believe that 'interesting things never end' its the journey of discovery that is the thrill, the more knowledge you learn, the more you realise there is to learn.
  • #339
  • Feb 28, 2012 4:18am Feb 28, 2012 4:18am
Quoting ziko9o8
- hello foxmehrabi, where are you?

- if you are a life , please post anything, but if you are dead then rip.

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  • #340
  • Feb 28, 2012 4:25am Feb 28, 2012 4:25am
Quoting foxmehrabi
|/|
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|/|/
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- What does that suppose to mean?
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