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Harmonic and Classic Patterns

  • #701
  • Feb 13, 2013 5:01am Feb 13, 2013 5:01am
Hi Waltpips, very impressive results so far! Are you running the pairs on 4h timeframe?
  • #702
  • Feb 13, 2013 10:35am Feb 13, 2013 10:35am
Quoting happyhappy
Hi Waltpips, very impressive results so far! Are you running the pairs on 4h timeframe?
Well, this is one of the (early) users' accounts and he is running it on H1 and H4 TF (link is H1)
I'm running it only on the H4 TF.
If you visit the web site, there are some more links.
  • #703
  • Feb 15, 2013 8:01pm Feb 15, 2013 8:01pm
hi... one question, can i set the ZUP indicator so that it will scan only AB=CD pattern? or do i have to use other indicator? i found that this pattern should be the most reliable pattern for me... thanks....
  • #704
  • Feb 15, 2013 8:22pm Feb 15, 2013 8:22pm
only AB=CD - SELECT PATTERN=8

(dragon,5-0,4-p-cont)=false
  • #705
  • Feb 16, 2013 8:48pm Feb 16, 2013 8:48pm
ZUP 130

ABCDAlternate - sets the list of alternative patterns of ABCD. Coefficients of X-th of a formula X*AB=CD are listed in this list through a comma

(0.382,0.618,0.786,0.886,1.272,1.618,2.618)
Attached Image (click to enlarge)
Click to Enlarge Name: cdf.gif Size: 20 KB
Attached File(s)
File Type: mq4 ZUP_v130.mq4   657 KB | 1,022 downloads
  • #706
  • Feb 17, 2013 11:05am Feb 17, 2013 11:05am
Hi

Please See below attachment its of ZUP 130

How do I get rid of all of the analysis lines to simplify it , as show in your above post

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Zup 130.PNG Size: 80 KB
  • #707
  • Feb 17, 2013 12:11pm Feb 17, 2013 12:11pm
test it
Attached File(s)
File Type: mq4 ZUP_v130 WHITE Swan.mq4   657 KB | 1,287 downloads
  • #708
  • Feb 17, 2013 1:10pm Feb 17, 2013 1:10pm
Quoting poruchik
test it

That's brilliant .....................THANK YOU
  • #709
  • Feb 17, 2013 6:55pm Feb 17, 2013 6:55pm
Quoting forexft
Hi guys, bullish dragon has formed on NZDCHF on 1H and 4H. I have personally had a great winning rate win this pattern so far. Somebody wants to share his/her experience with this pattern? Does somebody know who is the 'inventor/founder' of this pattern? Thanks
Hi forexft,
You say that you have a great winning rate with this pattern so far.
May I ask which zup version and setting, preferred TF, and what do you use as confirmation, if any?
Well, anything you can share. Thanks.
  • #710
  • Feb 17, 2013 10:13pm Feb 17, 2013 10:13pm
i am interested too

Quoting waltpips
Hi forexft,
You say that you have a great winning rate with this pattern so far.
May I ask which zup version and setting, preferred TF, and what do you use as confirmation, if any?
Well, anything you can share. Thanks.
  • #711
  • Feb 18, 2013 5:17am Feb 18, 2013 5:17am
Quoting poruchik
test it
First Image:v130ws
Second Image: v129
http://b1302.hizliresim.com/16/l/k7lhb.jpg






http://b1302.hizliresim.com/16/l/k7lfq.jpg
  • #712
  • Feb 18, 2013 5:57am Feb 18, 2013 5:57am
129 and 130 use different setting thats why they find different patterns in same timeframe.
  • #713
  • Feb 18, 2013 9:53am Feb 18, 2013 9:53am
Further one after another we look for the following patterns:
Dragon, the user patterns if it is set, potential levels of a retresment of XD of potential "exact" patterns,
The 4-Point Continuation Pattern, pattern 5-0 and, at last, AB=CD.
++++++

130 ws - default dragon - false
+++++++++

17 patterns are found
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nmgghf.gif Size: 36 KB
Click to Enlarge Name: htr5g.gif Size: 41 KB
  • #714
  • Feb 18, 2013 10:51am Feb 18, 2013 10:51am
Is there any option in zup to make particular fibo levels visible in potencial reversal zone (rectangle) ? Empty rectangle doesn't give enough information to take the trade imo ...
  • #715
  • Feb 20, 2013 3:25pm Feb 20, 2013 3:25pm
Quoting waltpips
Hi forexft,
You say that you have a great winning rate with this pattern so far.
May I ask which zup version and setting, preferred TF, and what do you use as confirmation, if any?
Well, anything you can share. Thanks.
Hi Waltpips,

Thanks for asking. I use the zup125, that Poruchik so nicely share with us. Time frame wise, it works on any time frame, I personally trade and find a lot of Dragons on the 1H and 4H TF, but you'll find them on lower ones as well. For the confirmation, Dragons usually form at support/resistance level, I like to see some nice price action going on as well. There is a nice PDF that has been shared on the subject earlier in the thread, it is worth reading it for sure. Hope it answer your questions.

Happy trading
  • #716
  • Feb 20, 2013 4:08pm Feb 20, 2013 4:08pm
Thanks forexft.
I've read the pdf, but also saw some other approaches.
The pdf says "These two legs usually form within 5% to 10% of the price difference"
This is not very clear to me.
Does it mean that there may not more than 10% difference between the legs? (one too short leg )
I also see the pattern fail very often: (bullish pattern) price closes above trend line and immediately reverses and hits SL under the legs.
Should we always wait for price to go above the hump?
  • #717
  • Feb 21, 2013 2:03am Feb 21, 2013 2:03am
Quoting waltpips
Thanks forexft.
I've read the pdf, but also saw some other approaches.
The pdf says "These two legs usually form within 5% to 10% of the price difference"
This is not very clear to me.
Does it mean that there may not more than 10% difference between the legs? (one too short leg )
I also see the pattern fail very often: (bullish pattern) price closes above trend line and immediately reverses and hits SL under the legs.
Should we always wait for price to go above the hump?
Hey, i learned dragon pattern from Suri Duddella book Trade chart patterns like pros and there it is classified as Double Top or Double Bottom Pattern.
If legs Price diffrence would be lets say 50 % would you call it anymore Double Top or Bottom . I think not. At least thats my Logic

And about Pattern failing often i must ask how big sample size you used to reach this conclusion?

Where to enter is your own choice in long run sometimes you would have been better of if you would entered on Hump other times on trendline. There isnt
rock solid answer. I use Trendline entry and some times i have earned lot more pips because of that but sometimes i have lost because of that.
Isnt Trading Fun?
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 74 KB
  • #718
  • Feb 21, 2013 2:36am Feb 21, 2013 2:36am
hey guys I've been trading harmonics for a bit over the past 2 months, and i stumbled across your forum and noticed you guys have been using a custom indicator how has it been going for everyone? and do you use it on MT4??
  • #719
  • Feb 21, 2013 4:35am Feb 21, 2013 4:35am
Hi to all,

How can we make the PRZ more wider horizontally? is there an option for that to change?
And when i use zigzag number 12 instead of number 11, it doesnt find any pattern in non of the time frames?

Thanks
  • #720
  • Feb 21, 2013 5:29am Feb 21, 2013 5:29am
Truely great indicator! (well, you probably know that already)

Can anybody tell me where can I find some explanation how to use it?

>I need to know when is the entery (what is that red box on the end of formation?).
>I'd be glad to get list of formations (with examples).

I know it's all somewhere in this thread but it's kinda over me to ready 400 pages...
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