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).

Saturday, April 7, 2012

failed harmonic patterns by AMPmonitor

AMPmonitor functionality thread on the TradingArsenal Forum explains the idea behind AMPmonitor emerging, completed, live, running and invalidated patterns.

What are the invalidated (also called failed) patterns? These are the patterns that hit the StopLoss price level before reaching any of TakeProfit levels (TP1 or TP2).

Following examples present invalidated/failed patterns:





HINT: With experience person may trade failed harmonic patterns by reverting the position on the StopLoss price level or looking for even better entry in the opposite direction than suggested by the harmonic pattern. However, do not even think about this idea, till you master the book-like harmonic trading.
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