Simulate Equity Curve for your System

A system with 50% success ratio can be a killer with always growing equity curve. Test is by yourself!
Very nice tool for simulating Equity Curve.

Here is more info:
http://tradingarsenal.com/tutorials-courses-webinars-books-info/559-generate-equity-curve-your-system.html



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benefits and disadvantages Harmonic Trading

We created a Skype Group to discuss the advantages and disadvantages of Harmonic Trading. Focused on the Practical aspects!

Based on the different discussions and questions that you send, it seems to be very interesting and wanted topic. Different traders see and approach it a bit differently. 

If you are willing to share your experience and activly participate in the discussion we have, drop a message to TRADINGARSENAL skype account (that holds this discussion group). 

aaa

Personally, I will also gladly share my experience, but I am even more intersted in your inputs.

here are the forum threads:

benefits of Harmonic patterns trading

disadvantages of Harmonic patterns trading

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Charts overlay correlation indicator

charts overlay mt4 indicator

Chart Overlay MT4 indicator for comparing several charts on 1 chart (example of EURUSD and GBPUSD on the same chart). 

Great if you benefit from instruments correlation in your trading system.

You can download this indicator (including source code) here -> Charts overlay indicator


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Expert4x forex GRID EA system explained

Pretty nice webinar -> http://expert4x.com/expert4x-no-stop-hedged-grid-forex-trading-ea-support-video/  Covers the pros and cons of the forex grid trading method. It presents (in details) the Expert-4x GRID EA (MT4 platform).
Presented material is rather for grid beginners and skips some important grid trading elements, ...anyway I want still recommend you see it.

Lately at TradingArsenal we verify options to combine grid trading with harmonic patterns trading. Both trading methods have pros and cons and we want to choose the best out of each.
Grid-harmonic trading systems ideas are presented here: TradingArsenal - Trading systems


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Interview with Market Expert - Bruno Estier

The best is to learn from the Experts, right?

Check the Interview with Bruno Estier -> http://www.samt-org.ch/pdf/estier_interview.pdf
Good luck!

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Ichimoku system profitable combined with Harmonic patterns trading

Just to point you to another interesting thread.
Interesting and seems like profitable way to combine Ichimoku system with Forex Harmonic patterns trading.
Comments are welcome.
Link is here: Ichimoku system
121 harmonic pattern traders will surly like the posts starting from #3.



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Gann SQ9 confirms Harmonic Bat pattern

Our project to verify Gann SQ9 methods as confirmations for Harmonic patterns continues ...
you can read about it here -> Gann trading - market turns timing - price projection

This time we played with calculating Gann SQ9 from harmonic Bat A and C points.
Gann 180degrees price level from A point and Gann 135degrees price level from C point are clustering.

Gann price levels calculated from Bat A point

Note the red vertical line calculated from Price x Time square.

Gann price levels calculated from Bat C point

More on this on the TradingArsenal Forum where you can find the Gann methods theory we apply here and Gann indicator used in this activities.


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Supply Demand confirmation for Harmonic Patterns

Supply Demand confirmation for harmonic Bat pattern

Here you will find lots of info regarding Supply and Demand zones, how to create them and how to use them when price reaches the level -> Supply & Demand - by Sam Seiden

Sam Seiden's method is my favourite technique to very precisely define the entry price level/sub-zone

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EURUSD M15 harmonic butterfly bearish with complex zigzag

Pattern internal structure is rather complex and was not recognized by pattern recognition engines, but an experienced eye can see it. 

There are actually not so many different fractals in which market trends are ending.

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Trend following MTF Parabolic PSAR indicator

Trend following MTF Parabolic PSAR indicator:
placed twice on EURUSD chart with M15 and H1 settings.

Can it be better and cleaner than Ichimoku indicators? -> Ichimoku methods confirming harmonic patterns trading


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Ichimoku methods with Harmonic Patterns trading

Watched webinar by Manesh Patel and read couple of articles about the Ichimoku methods. All this to validate practicality of this method, to combine with my harmonic patterns trading.

This resulted in newTHREAD about Ichimoku methods -> Ichimoku methods combined with Harmonic Trading

Links to the webinar and articles I found useful, as well as experience and examples shared by Ichimoku traders are included in the thread.


Time to look for some indicators that may support further Ichimoku vs Harmonic Trading investigations ;-)
happy trading!




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10 Warren Buffett Quotes You Must Know

10 Warren Buffett Quotes You Must Know

1 .“Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.”
2 . “You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.”
3.“ Never invest in a business you can’t understand.”
4 “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
5. “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
6. “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
7. “It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.”
8. “Our favorite holding period is forever.”
9. “Only when you combine sound intellect with emotional discipline do you get rational behavior.”
10. “Without passion, you don’t have energy. Without energy, you have nothing.”


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Fibonacci and ABCD pattern webinar

FXStreet Webinar on Fibonacci and ABCD pattern --> Fibonacci Friday Webinar Link


Summary:
Fibonacci need not be difficult! Andrei Knight will share his ABCD pattern which can easily be used to trade news spikes, long-term positions lasting several months, and just about everything in between - a simple pattern which yielded a powerful 77% win ratio over the past 6 years. When Fibs are properly applied to the major moves we've seen during the week, they reveal clues as to where price is likely headed next, as well as the key support and resistance levels it is likely to encounter along the way. Here's your chance to have your favorite currency pairs and time frames analyzed by a professional trader.


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Gann Angles and Speed Angles trading

Gann Angles are Speed Angles which give us a bunch of informations about the (relative) speed and acceleration of the prices of a market within a specific trading frame.

Gann Angles and Speed Angles trading

To read more on the topic (explained by parisboy) and other guys discussion check -> Gann Angles Speed Angles

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Golden Ratio Spiral - Hurricane Sandy

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Introduction to Hedge Grid trading

You may be interested to see our new threads covering the topic of grid trading -> Hedge grid methods explained

An introduction to grid trading, covers the theory and basic concepts of grid trading, presents couple of basic and popular strategies that grid-traders use.
Grid trading in its pure and basic concept does not work very well. Combined with other methods can be very powerful.

Check this post to get to system ideas where harmonic patterns trading is combined with different grid approaches: http://forexharmonictrading.blogspot.com/2012/11/harmonic-grid-trading-system.html


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Gann methods - 45 angles, trend, trendlines

Gann methods - research continues!!!!!! -> gann methods on Forex explained


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Harmonic Grid trading system - Directional Profits

Posted yesterday ... another grid trading system (combined with harmonic patterns trading) presented by Ziemo:

Harmonic trading system - Directional profits

In the case you missed the previous systems here are the direct links:

Harmonic martingale entries system

Harmonic grid trading system - Volcano setup

Check the people's comments with their trading ideas and improvements suggestions.

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Gann trading on Forex - market timing & price projection

We have started new project on TradingArsenal Forum about the Gann trading methods.
There is a PDF available in the thread where you can read about Gann secrets to find the market turns by calculating both time and price.

Interesting!

We will investigate to check if it's just a book's theory or a practical method that could additionally confirm the market geometry/harmonic patterns entries.

Gann trading method on Forex market

Gann trading method on Forex market

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Harmonic patterns, market geometry & grid trading approach

Testing grid trading approach combined with harmonic trading. Some of such harmonics+grid ideas are presented by Ziemo here -> TradingArsenal Trading Systems

This is only 1 month results. So far so good, but too early to conclude. Couple of negative scenarios were identified.


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Harmonic Martingale Entries system

Another trading system idea was published today on TradingArsenal Forum.

This time it's about harmonic patterns trading combined with martingale sized entries. Even if not for your trading style and psyche, worth to take a look. This non standard approach should at least stimulate you for further researches.

Harmonic Martingale Entries System

Check full system idea description -> Harmonic martingale entries system


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AMP indicator and complex ZigZag patterns

Example from Forex market of the harmonic pattern with complex internal ZigZag structure. Therefore such pattern would not be recognized by the leading MT4 harmonic patterns recognition indicators like ZUP nor korHarmonics.
AMP indicator due to it's unique pattern definition capabilities is able to identify and alert even more complex price patterns.

harmonic butterfly pattern with complex internal ZigZag structure

 To learn more about the AMP indicator visit -> AMP indicator Realeases


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Harmonic Grid trading system - Volcano Setup

First from the new series of Harmonic Grid trading systems was published. 

Harmonic Grid Trading system - Volcano Setup

Check Harmonic grid trading system Volcano setup

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Trading Systems thread on TradingArsenal Forum - UPDATE

Dear User,

we would like to notify you, that we finally decided to start new thread named Trading Systems.

Here is the direct link: http://tradingarsenal.com/trading-systems-81/

We encourage you to submit your own ideas and systems that you would like to discuss in a group and improve.
During next weeks Ziemo is going to present several Harmonic Grid based systems where harmonic trading benefits are combined with GRID methods.

The first one, called 'Harmonic Grid Trading System - Volcano Setup', you can find already there! Enjoy it and post your comments and opinions.

Link to the system: http://tradingarsenal.com/trading-systems/526-harmonic-grid-trading-system-volcano-setup.html

Kind regards,
Trading Arsenal Team
www.TradingArsenal.com


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RSI divergence confirmation for Butterfly patterns

Divergence is popular method to identify trend reversal places, so to sell near the top of a trend or buy near the bottom. Very useful method to confirm validity/proper location of a butterfly pattern.

Example (Forex USDCHF) of the harmonic butterfly pattern confirmed by the RSI divergence, but also by the 2 pivot levels (confluence of monthly and weekly pivot levels)

RSI divergence confirmation method

To learn more about divergence concept and how it shell be used to confirm valid butterfly patterns check this dedicated thread -> Butterfly Pattern divergence methods

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TradingArsenal trades and Forum updates on Twitter

To get real-time trades and Forum updates Follow on Twitter: https://twitter.com/tradingarsenal

TradingArenal  on Twitter
https://twitter.com/tradingarsenal

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Sam Seiden's supply demand method example

Here is all what we collected till now regarding the Sam Seiden's supply demand trading method -> http://tradingarsenal.com/confirmation-methods/9-supply-demand-sam-seiden.html

Example from today (Forex EURUSD instrument):
Identify emerging opportunity:

Enter without hesitation (your preferred entry and money management technique):

Check out this post to learn about Sam Seiden's Probability Enhancers



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Butterfly Bullish pattern with double D point retest

Butterfly bullish with double D point retest

Common scenario where D point of the butterfly pattern is retested, Stop Losses are taken and only then the proper up move follows.

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Continuation Gartley pattern example

Continuation Gartley pattern located within channel. Example from today's Forex USDCAD M5 chart.

Continuation Gartley pattern

Continuation Gartley pattern in the channel

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Gartley pattern with supply demand confirmation

Nice harmonic Gartley pattern example from today. Gartley pattern in action!

Continuation Gartley pattern on USDCAD

See how Supply Deman level (explained best by Sam Seiden) confirms the location of D point.

Continuation Gartley pattern with Supply Demand confirmation

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Emerging, Completed and Failed Gartley pattern

In the Interactive Trading Setups Disscussion we discussed today's Gartley patten that failed/got invalidated. After pattern failed and stop losses were taken out, price returned to the SL level. 

Since some of you asked for the video on the topic, here it comes - short one - about the failed harmonic Gartley pattern with 2 extra trading hints included.

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How to trade failed harmonic Gartley pattern

Not sure if you benefit from it in your harmonic trading strategy, but when harmonic pattern fails - relatively quickly price returns to test the StopLoss price levels. If someone stayed in the losing position (did not accept the natural SL at X), this method (after price retests the SL levels) may allow to exit on Zero or small plus, or may be a good location to enter in oposite direction than indicated by the pattern. hmm... but what if price will never test the StopLoss levels :-) ... anyway, worth to consider the method.

Comments/opinions are welcome.

more on trading the failed Gartley pattern here -> Gartley pattern failure setups (Failed Gartley pattern)


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harmonic and price patterns automatic recognition

AMP indicator and AMPmonitor.com functionality!
Visit http://www.TradingArsenal.com to learn more about successful Harmonic Trading, AMP automatic pattern recognition engine and AMPmonitor.com project. Join us!

Emerging patterns recognition parameter is by default set to 70%, so as soon as 70% of potential harmonic or price pattern is formed, AMP indicator will find it and present to you. To learn more about AMP indicator and AMPmonitor functionality visit TradingArsenal Forum and check AMP Indicator Releases and AMPmonitor threads.


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new AMP engine on AMPmonitor Test environment

New version of AMP indicator pattern recognition engine was placed today on the Test environment. After internal tests new AMP version will be uploaded on the Production AMPmonitor.com server.

More info regarding new features/changes here: http://tradingarsenal.com/ampmonitor/43-ampmonitor-informations-suggestions-improvemets-25.html#post4322

Example AMPmonitor screenshots will be uploaded/added to this post during next days.


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"The Biggest Secret In Forex Trading" - Larry Pesavento

Follow the link -> http://tradingarsenal.com/tutorials-courses-webinars-books-info/48-interesting-links-2.html#post4182 and check "The Biggest Secret In Forex Trading", video by Larry Pesavento.

Can you apply it to your trading? Some forum members started to play with it already ... and shared the first findings -> http://tradingarsenal.com/confirmation-methods/8-different-confirmation-techniques-harmonic-patterns-8.html#post4189


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AMPmonitor - Main Page new layout

Couple of suggestions for the new AMPmonitor main page layout.
Take a look and let us know what you think. Vote for the one you like most.

http://tradingarsenal.com/ampmonitor/43-ampmonitor-informations-suggestions-improvemets-24.html#post4196

thanks!
btw: New AMPmonitor with lost of new functional features and quality improvements SOON! Stay tuned!


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"Zen in the markets" - must read book pdf

For me it was the eye opener and learnt from it more than from any other technical analysis or system description type book.

I am sure everyone will find there something for himself/herself. For me the very important point I remember was that Market from any moment can go only 2 directions: UP or DOWN and author suggested what to do to be always on the right side on the market move. Priceless! At least was and is priceless for me!

To read more about it on the TradingArsenal Forum check -> http://tradingarsenal.com/tutorials-courses-webinars-books-info/499-zen-markets-must-read-book-pdf.html


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Shark pattern AMPindicator AMPmonitor examples

Lots of examples of successful and failed Shark patterns (recognized by AMP indicator and available on AMPmonitor platform) available here: http://tradingarsenal.com/shark-pattern/496-shark-pattern-amp-indicator-ampmonitor.html

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Harmonic Trading - shark pattern example on EURUSD

Harmonic Trading - shark pattern example on EURUSD

Seems like we are going to describe this pattern as well. Again the pattern location is the key.

Check soon here -> Market Geometry & Harmonic Patterns

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Gartley pattern - where is the D point location

Not sure about the author of this picture but nicely presents the location (zone) of the D point within the harmonic Gartley pattern.

to learn more about the Gartley pattern check: All about the Gartley pattern trading



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Butterfly pattern - 161.8 and 113 extreem XA retracements

See examples of the butterfly pattern with extreem D point positions -> http://tradingarsenal.com/butterfly-pattern/470-ideal-tradeable-butterfly-pattern.html

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Butterfly pattern - internal structure of the CD swing

Based on the Elliott Wave theory we should look for the following internal CD swing structure in the butterfly pattern.

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ideal versus tradeable butterfly pattern

Note the differences (Fibonacci ratios) between ideal and tradeable butterfly pattern.
Ideal butterfly pattern:

Tradable butterfly pattern:

To learn all about the butterfly pattern visit ->  Butterfly pattern - Table of Content

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How to find and draw the Butterfly pattern?

We look here at probably most powerful and profitable price pattern forming on the charts (of course together with the Gartley, 121 and Bat patterns). When you see its first 3 legs of the butterfly pattern completed and forming swing CD crossing the point B price level - GET READY. Now your work starts. See the following diagram presenting the moment (price location) where it's worth to observe the emerging butterfly pattern. Attempts trying to prognose potential butterfly pattern before price reaches presented point is in our opinion loss of time, efforts and money.

At TradingArsenal Forum we prepared a dedicated thread for this fantastic pattern -> http://tradingarsenal.com/butterfly-pattern/

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butterfly pattern in Elliott Wave correction (BC wave)

Butterfly pattern located at the end of corrective move in Elliott Wave fractal - wave B-C butterfly.

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butterfly pattern in Elliott Wave fractal (wave 4-5)

Butterfly pattern located in Wave4 and Wave5.

Comments are welcome.

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ideal Butterfly pattern: slow vs aggressive type

From our observations and experience there are 2 types of butterfly pattern: slow butterfly pattern and aggressive butterfly.

Slow butterfly pattern diagram:

Aggressive butterfly diagram:

To learn more about the butterfly pattern visit TradingArsenal Forum

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Harmonic Trading - butterfly bearish example

Harmonic Trading - butterfly bearish example with Weekly and Daily Pivot points confirming the exact harmonic pattern point D.

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Harmonic Trading - BAT bearish example

Example of well located and structured Bat pattern.

At TradingArsenal Forum we are going to cover the Bat Pattern in details. Very powerful pattern! Read more...

"Harmonic Elliott Wave" by Ian Copsey

If you are interested in harmonic trading and want to combine this method with the Elliott Wave Theory, check this out: Webinar: "Harmonic Elliott Wave" with Ian Copsey

It's interesting to see counting waves in 3s (3 subwaves in an impulse wave), not 5s.
A bit too theorectical I would say, .... but theoretical things may give good practical trading ideas.

and here is Ian's book:

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