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Harmonic and Classic Patterns

  • #1,781
  • Feb 7, 2016 1:30am Feb 7, 2016 1:30am
Quoting maxss280
EURNZD did get pushed up and I got stopped out but still valid for Shark so going to take that one. Kill zone right in the resistance Structure high so fairly good trade I think. {image}
are u use harmonic indicator or doing manual sir....?
  • #1,782
  • Feb 9, 2016 1:00pm Feb 9, 2016 1:00pm
Can someone tell me how I can only display the Cypher Patterns and please tell me what all these lines mean?
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  • #1,783
  • Feb 9, 2016 6:11pm Feb 9, 2016 6:11pm
Quoting Mustafoinc
Can someone tell me how I can only display the Cypher Patterns and please tell me what all these lines mean? {image}
Use fib tool, it takes 3 sec to draw cypher
  • #1,784
  • Feb 9, 2016 6:31pm Feb 9, 2016 6:31pm
Quoting fxnikolaev
{quote} Use fib tool, it takes 3 sec to draw cypher
fxnikolaev, thank you for that info. But what I meant was how can I use this MT4 Indicator to draw it for me so I can backtest and save the time to draw. Or when I am watching over multiple pairs, instead of spending that time to draw that I can use this so that time can be spend on other things in trading.
  • #1,785
  • Feb 10, 2016 6:39am Feb 10, 2016 6:39am
Quoting Mustafoinc
{quote} fxnikolaev, thank you for that info. But what I meant was how can I use this MT4 Indicator to draw it for me so I can backtest and save the time to draw. Or when I am watching over multiple pairs, instead of spending that time to draw that I can use this so that time can be spend on other things in trading.
You can't, bcz it based on zig zag. I will give you a grantee, that indicator will not draw all the cypher patterns on the chart. Plus you will not be able to trade it, zig zag repaints.
Don't waist your time on those indicators, stop being lazy and start learning.

Here is Cypher, indicator can draw it for you, but It is not tradable
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  • #1,786
  • Edited 9:57am Feb 10, 2016 8:10am | Edited 9:57am
Placed a sell order GbpChf flag
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  • #1,787
  • Feb 10, 2016 8:11am Feb 10, 2016 8:11am
Quoting fxnikolaev
{quote} You can't, bcz it based on zig zag. I will give you a grantee, that indicator will not draw all the cypher patterns on the chart. Plus you will not be able to trade it, zig zag repaints. Don't waist your time on those indicators, stop being lazy and start learning. Here is Cypher, indicator can draw it for you, but It is not tradable {image}
Totally understand where you are coming from about being lazy, but I am aiming for efficient. I am currently back-testing a pair and it takes me 4 hours to go over 6 months of just finding the Cypher and then drawing the Fibs and then checking off or writing how this trade could have won. So I wanted to make that easier/efficient as much as I can. So in your back-testing is there any tips/advice you can give me on how I can make it smoother/faster so I can do more in less time, or what I should look for, or what I should label or not label. Thank you for your responses thus far, I really do appreciate the advice from a fellow trader.
  • #1,788
  • Feb 10, 2016 8:57am Feb 10, 2016 8:57am
Quoting Mustafoinc
{quote} Totally understand where you are coming from about being lazy, but I am aiming for efficient. I am currently back-testing a pair and it takes me 4 hours to go over 6 months of just finding the Cypher and then drawing the Fibs and then checking off or writing how this trade could have won. So I wanted to make that easier/efficient as much as I can. So in your back-testing is there any tips/advice you can give me on how I can make it smoother/faster so I can do more in less time, or what I should look for, or what I should label or not label....
Well, It is how you learn, spending hours testing and getting results, in this way you training your eyes to see harmonic on the chart. There is no free cheese. You can ask any trader, it takes thousand hours even more, before you will see market.

With cypher, if you heard that cypher is 80% win, that is BS, in my experience Cypher is about 40%. It works only if you have a whole picture, price is in the channel, or some think like this. You can trade cypher by it self, including structure, but not lower then H1 chart.
Where is no tips with Cypher, classic structure, 38-61 XA - no close at 61, 127 extension- no close at 141, and D completion - 127 of BC and 78 XA, including structure.
If I would choose pattern, my preference would be Gartley or Bat, but not a cypher
  • #1,789
  • Feb 10, 2016 9:27am Feb 10, 2016 9:27am
Quoting fxnikolaev
{quote} Well, It is how you learn, spending hours testing and getting results, in this way you training your eyes to see harmonic on the chart. There is no free cheese. You can ask any trader, it takes thousand hours even more, before you will see market. With cypher, if you heard that cypher is 80% win, that is BS, in my experience Cypher is about 40%. It works only if you have a whole picture, price is in the channel, or some think like this. You can trade cypher by it self, including structure, but not lower then H1 chart. Where is no tips with...
That is informative! Do you mean D leg is 1.27 AND 78 of AB (not BC like you said?). And does that mean it must be both: 78 of XD AND 127 of AB (or BC like you said) and if not, then you shouldn't enter?
  • #1,790
  • Feb 10, 2016 9:46am Feb 10, 2016 9:46am
Someone share Zz cycle identifier indicator that's doesn't repainting
  • #1,791
  • Edited 10:17am Feb 10, 2016 9:57am | Edited 10:17am
Quoting fxnikolaev
Placed a sell order GbpChf flag {image}
Got BE
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  • #1,792
  • Edited Feb 14, 2019 5:41pm Feb 10, 2016 10:08am | Edited Feb 14, 2019 5:41pm
Quoting Mustafoinc
{quote} That is informative! Do you mean D leg is 1.27 AND 78 of AB (not BC like you said?). And does that mean it must be both: 78 of XD AND 127 of AB (or BC like you said) and if not, then you shouldn't enter?
127 and 78, it is that box which you have with indicator, which says possible D completion. Not every pattern is tradeble, you have to choose, find a confirmation, why and where you place sell or buy order, based on the pattern completion point.

127 of BC, it is basic.
I suggest that you start from reading this book, to have at least basic in harmonic


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  • #1,793
  • Feb 12, 2016 10:25am Feb 12, 2016 10:25am
GU will keep it over weekend, looking to get 7 to 1, if I will get triangle break out
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  • #1,794
  • Feb 16, 2016 9:19pm Feb 16, 2016 9:19pm
Quoting ramzam
taken crude oil long based on this pattern yield 50 points in crude oil mini lot in mcx exchange thank you all people here with pattern trading. {image}
Hello,ramzam can you share Zz cycle identifier indicator here.thank you
  • #1,795
  • Feb 17, 2016 9:19am Feb 17, 2016 9:19am
Potential Harmonic pattern developing on the USD/JPY 1H chart.
Can anybody comment?
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  • #1,796
  • Feb 17, 2016 11:34am Feb 17, 2016 11:34am
Here is another one that completed nicely. XAUUSG on the 15 minute chart.
Did anyone manage to catch this one?
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  • #1,797
  • Feb 20, 2016 12:00pm Feb 20, 2016 12:00pm
Quoting poruchik
------------------ {file}

da f is this shit
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  • #1,798
  • Feb 20, 2016 12:04pm Feb 20, 2016 12:04pm
Drink poison
  • #1,799
  • Feb 20, 2016 1:22pm Feb 20, 2016 1:22pm
It's too much imo
  • #1,800
  • Edited 5:41pm Feb 21, 2016 11:27am | Edited 5:41pm
Latest training video from Scott Carney:
Inserted Video

Does anyone use his formationseeker? I use Zup, PZ and formationseeker but they show all different patterns. None of them have accuracy in my oppinion. When i wait until pattern completion, price action often becomes instable and pattern fails. I'd like to refer to patterns while they are forming as a price target, rather than as an entry after pattern completion. I like formationseeker because it's visually cool and conveient. It's also free with minor limitations. But the permormance is just so-so. It looks only half of the the patterns identified by it work. Also, i was once interested in Jason Stapleton's Constallation, which is another Zup variant. But when i saw his trading performance, it's quite disappointing. His Constallation dosen't have accuracy either. One thing that interesting is he examplified PZ software as one of the poorly designed open source based harmonic pattern reconition products in the market... Anyway, my conclusion is that harmonic patterns alone don't have edge, but it can be used as a part of the bigger system.
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