Harmonic trading-harmonic patterns -
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thread: Harmonic trading-harmonic patterns

  1. #11
    You need to talk with Accrete and... They're resident experts at Harmonics. . Accrete has taken each of the courses .
    Wow, thanks... If I am an expert, heaven help the newcomer. Maybe he meant' harmonica'... I used to be pretty good at that.

    Seriously, I am enjoying my work with Gann and the Square of 9.

  2. #12
    Does this seem to be accurate for you. More so then that I cal tell of Elliot wave. Now I understand not much(nice english huh) of Elliot wave. Nonetheless, it feels like there is a lot of discrepencies on that and interpatational changes.
    Wow, thanks... If I'm an expert, heaven help the novice. Maybe he intended' harmonica'... I used to be quite good at that.

    Seriously, I'm enjoying my work with Gann and the Square of 9.


    Lou

  3. #13
    Junior Member pkrrat's Avatar
    11
    1 Attachment(s) A Fantastic reversal situation...

    EUR/USD WEEKLY

    Ideal Gartley (61-76)

  4. #14
    Junior Member pkrrat's Avatar
    11
    Special kind of Butterfly Pattern (76-161)

    SGD/USD WEEKLY

  5. #15
    Junior Member pkrrat's Avatar
    11
    Ideal Butterfly (76-127)

    AUD/USD DAILY

  6. #16
    Does this appear to be accurate for you. More so then what I cal tell of Elliot wave. I understand not much (nice english huh) of Elliot wave. Nonetheless, it seems like there is a lot of discrepencies on this and interpatational changes.


    From what I have seen so far, the discrepancies one typically sees have far less related to deficiencies in Elliott Wave theory, and far more with the deficiency of people to correctly understand and apply it. Incompetency, confusion, dishonesty and laziness appear to be endemic in the human race as currently configured, and such traits may be identifiable in any area where they are tolerated. Academic mathematics and engineering are two areas where these traits are not easily tolerated, which explains the reason why I believe mathematicians and engineers will likely be the greatest traders.

  7. #17
    Does it appear to be accurate for you. More so what I cal tell of Elliot wave. Now I understand not much (nice english huh) of Elliot wave. But it seems like there is a lot of discrepencies on this and interpatational alterations.


    From what I have seen up to now, the discrepancies one typically sees have much less to do with deficiencies in Elliott Wave theory, and much more with the lack of individuals to correctly understand and use it. Incompetency, confusion, dishonesty and laziness appear to be endemic in the human race as currently configured, and these traits are easily recognizable in any field where they're tolerated. Academic mathematics and technology are two areas where these traits aren't easily tolerated, which explains the reason why I think mathematicians and engineers will likely be the best traders.
    Just curious as to exactly what your answer is to the monitoring:'that it is individuals who trade and therefore people are the reason for price action'.

  8. #18
    I do not really know what transactions or who. I know that between $1 trillion and $3 trillion changes hands daily. I have discovered there are $550 trillion dollars tied up in Forex places. I have discovered that over 95% of Forex places are taken as speculative investments, rather than real currency exchange to ease international trade or non-Forex investment transactions. I have discovered the worthiness of over 97 percent of Forex transactions are undertaken by large associations.

    I surmise that associations employ rigorous models to exchange, which many or many transactions are initiated by computers, which these computers are programmed by mathematicians, institutionally edued traders and macro-economists. I surmise that the behavior of the Forex market is essentially or the collective behavior of roughly 1.5 million computers and groups of people following inflexible protocols which have been developed and accepted by committees. The theories which underlie the protocols and progr are the theories which are prevalent in universities and banking courses - efficient market theory, macro-economics, etc..

    That I theorise that greed and fear are insignificant factors in Forex behavior - but rather the Forex is the collective behavior of 1.5 million programmed computers and disciplined trading chambers.

    My observations of the Forex market, concerning the precision predictibility of most if not all its moves, once the generalised principles of the system have been dispersed, can be best be explained by the hypothesis that rigid protocols, not individual feelings, push the Forex market.

  9. #19
    Junior Member Jaume's Avatar
    12
    'Profitable Patterns for Stock Trading' Larry Pesavento -- a classic book (circa 1999) but an extremely helpful introduction to the preceding. Cuts through a lot of intellectual fog and outlines 10 major patterns and the trading justifiion. Gives the crucial harmonic numbers for various markets -- not Forex.

    I use Ensign appliions with an eSignal data feed to trade the e-mini's because my system utilises'Pesavento Patterns' and also to the best of my knowledge only Ensign has these as standard. It updates graphically all of the patterns and fib ratios in real time and I find it very helpful really.

    HTH --

    p/s Have a look at Maceo Jourdan I believe he uses Harmonics for Forex he is a professional Forex trader. I don't use him myself therefore I can't provide an opinion.

  10. #20
    Junior Member frank20170416's Avatar
    16
    brief
    Depending on what TF you are using here and depending on per trade minimum revenue expectations (which determines the type of trader you are), you could wait till a true five candle Fractal forms on top, before entering the short - given the distance expected in the retracement back towards stage C. It is technically a conventional short harmonic entrance with a conventional bullish fractal trigger. Use whatever stop matches your money management egy.

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