Dragon harmonics pattern

Dragon is one of the most interesting harmonics pattern to trade. Have anyone made or seen any research concerning entry techniques for Dragons, which one is the most profitable?

Hi, most profitable of course. At the feet! but most common to catch the break of a backline or the B level.
http://i.gyazo.com/192dbc10b85a1c926009f1bb525c5a20.png

Entrance at the feet level will increase the distance to TP and thus profitability in a winning trade, but will probably decrease the win/loss ratio. What about the combination of these two factors and the profitability of the whole trading strategy?

yes, need to work on different scenarios, but when combined with structure, or any other supporting method, it is very profitable.
Here is a short video for just general description

The best way to test it is in strategy tester, using Simple forex tester v2 and if one likes might use the ZUP indicator.
Here is a short video, just to show how backtesting can help accelerate the testing and learning process.

Of course we might consider the dragon harmonic pattern in many ways.
One way to look at it is a double top or bottom.
Another way to look at it as aggressive C entry into a potentially developing 5 point harmonics pattern, i.e.: predicting and preparing for the future.
In this example the dragon pattern shows us an emerging bat.

Suri Duddella describes the dragon in his book "Trade chart patterns like the pros"
There one can find the harmonic fibonacci ratios to it.
Good Fibonacci ratio description is also available here:
http://www.for-exe.com/harmonic-patterns.html

A very nice example of a currently acting daily dragon on the AudUsd.
The dragon started out from a double bottom formed after a completed Cypher harmonic pattern.
Broke the back line (X-B trendline) - could be considered for 2nd entry.
Currently trying to break the B level (hump of the dragon) 3rd entry point to be considered
On breaking the B level we expect to complete a bear bat in a very nice supply (resistance) area.


On lower time frames more and more dragon can be spotted.
AudUsd H4 just as an other example a dragon formed a gartley supporting the aggressive C long on the daily dragon C-D leg

Actual dragon in progress, currently at B level (hump) fighting to break it on GbpCad.
Harmonic signal was posted last time about this dragon before todays London session here:
http://www.forexsticks.com/Signals/page/4

Current status of the dragon and potential bull bat emerging if B level breaks - looks like it is doing that :

My favour harmonic pattern is bullish/bearish white swan pattern. This is continue pattern.

Most of harmonic pattern are reversal pattern. So, highly risk if fail.

How can ZUP be fixed to show white swan pattern only ?

Hi,
Re-published some Dragon Neo-harmonic basics inspired by Suri Duddella and some indicators helping you to spot the beast. Good luck, and a lot of pips to you!

https://www.academia.edu/s/4ba0f5a543

https://www.forex-tsd.com/filedata/f...310&type=thumb
Session: Dragon - Neo harmonic pattern and its trading indicators MT4 / MT5 - Academia.edu
https://www.academia.edu
Academia.edu is a place to share and follow research.

look in to Jason Stapelton he calles it wedge trading, the same stuff as here, it is structure trade, not a harmonic pattern.

You will need to edit code or find a detailed description of the version you have.
In the code there is a list of pattern names, around 4 or 5 in each line.
Count the position of your favorite. .. between 1- 23/27... I do not remember for sure if to start with 0 or 1...
You will need to test.
1- Gartley, 2- bat... etc...
Then in the individual parameter settings of your ZUP indi you set:
Select pattern 7
11000000000000000000000
I.e. in the line where there are 23-27 zeros, you change 0 to 1 whee your pattern position is (the position you counted in the code, in the list)
Above setting shown would only show gartley and bat, and none of the restime (you might need to check other parameters e.g. dragon and set to false if you do not want to see that either.)
Search the net, some versions do have the pattern list described, but different versions have different patterns and paternity location.
Another way would be setting up custom pattern parameters in the individual parametric list.... e.g. white swan.. with its fibs.
Set select patterns to 7 as above, leave all zeros, end set any other pattern to false also.
Good luck!

Yes probably true. We might call different things differently, and looking at those from different angle.
Call it agresszív C entry if you want, or B level BAMM trade, as you wish, or call it traditional double top, triple top, H&S ... really does not matter
In the end, the only thing important for each of us, if we understand our view, and make money with it or not.

Lol , Stapleton may even say he found the wedge pattern....All these patterns have been used by traders since before Jason or his partners were even born...So go with the name they have used ( Dragon seems a lot better )

anyone have harmonic pattern indicator
can share me, please
thank all !

No dragon picked here, but still might be useful for some as a setup approach, then dragon traders to use it for dragon entry.
Will also name here some Harmonic Indicators (@thangdnd.1211 request)... probably too late, but might still help.
Not bragging, since all I have done, spent time to review existing stuff, but anybody looking for harmonic indicators, I suggest to have a look at a post I had about indis a while ago - not too rusty yet!:
https://www.academia.edu/17278713/Ha...e_WWWilde_2015

Anyways, back to the current subject (of mine for you )..
Built some templates with alerts, still working on finishing just majors, gold, Dax and WTI.
Used several indi inputs - mainly H1 and above TFs - generally up to weekly.
Indis used: Korharmonics, THI V1.2, Carney formation seeker, Ga1Search_patterns.
Marked the alert levels for setup, I am using the True TL alert v1.01 (TTL) for pop-up, possibly mail alerts.
Sound alert with the TTL indi is annoying though, since price at these levels might be struggling a lot.
Also marked yearly high and low levels for the banks to know where they need to take action https://www.facebook.com/images/emoj...1/16/1f642.png
The alert goes on (and on and on!!) when price is near or at trend lines
I drew horizontal TLs with names of patterns, possibly with entry range, some with recommended SL levels.
NZDUSD I generally find being harmonically a nice pair, so I publish its tpl (template) to be checked by anybody interested, having MT4 to load the template on an empty graph of NzdUsd.
It is just an example, feel free to apply, try and comment PLZ!
This is just harmonics, no entry exactly defined other than the HTF ranges.
This is just a set-up alert for me to start looking for a more precise and defined entry.
Good luck, I will be glad if anybody can use it, or comment for improvement opportunity!
Should look like this when template loaded on NzdUsd MT4 graph:
https://i.gyazo.com/93a90a73e551c3345c2823b4a531a02c.png

Please see in post No.17. there you find a good number of references for harmonic pattern indicators.
Sorry I am late noticing your request!!

hello traders?? anyone to share a DRAGON HARMONIC INDICATOR??