Thank you for visiting and Welcome to excellent way to learn about Harmonic Trading. This site will be updated regularly and will focus on presenting harmonic trading and harmonic patterns together with practical tips / tricks / hints to trade patterns like Gartley, Bat, Butterfly, Crab and 121 successfully. Lots of methods ilustrated with detailed exmaples. Your valuable comments will be added here or taken for further discussions on the TradingArsenal Forum . Note that from the TradingArsenal site you may download a test version of our korHarmonics - harmonic and price patterns recognition indicator (MT4 only). Examples are taken mainly from www.AMPmonitor.com - powerful web based platform that scans and alerts you on the price patterns and harmonic trading opportunities (check for more info on AMP indicator and AMPmonitor).

Friday, April 27, 2012

failed Gartley pattern - another scenario

Another example of failing harmonic Gartley pattern. Common scenario. 
Minimum point B price level was reached, but this is not what we usually expect when trading Gartley. We count for strong impuls (Elliott wave 3) to follow.
Here after reaching point B market continued to drop:
EURGBP - failed Gartley bullish

EURUSD - failed Gartley bullish


HINT: Take part in this poll, it should help you to understand better this scenario and understand which point is really key to increase the Gartley pattern success ratio Gartley pattern quiz - how to increase Gartley pattern success ratio
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