Wednesday, April 11, 2012

how to master harmonic trading


Note: This is first version of this post. It will be modified and extended with time.

- How to master harmonic trading?
- Simplify!

From the big harmonic patterns collection (Gartley, Bat, Butterfly, Crab, 121, 3Drives, etc):
1. pickup 1 pattern only - my suggestion would be Gartley: important basics on the Gartley pattern
2. pickup only 1 version of it - let's say Bullish
3. ignore all other patterns, forget them, and learn to spot on the charts the one you selected
4. ignore Fibo measurements, ignore building clusters from price and time relationships, just choose patterns that look good for the eyes (your eyes)
5. master the pattern identification process, learn how the profitable patterns look and behave, learn how they fail

... when you are done with it, let me know, you are in half way :-)


No comments:

Post a Comment