FOREX Harmonic Trading: August 2012

Tuesday, August 28, 2012

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

Monday, August 20, 2012

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

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.

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

Sunday, August 19, 2012

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/

Saturday, August 18, 2012

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.

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

Butterfly pattern located in Wave4 and Wave5.

Comments are welcome.

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

Wednesday, August 15, 2012

Harmonic Trading - butterfly bearish example

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

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!

Tuesday, August 14, 2012

"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:

Monday, August 13, 2012

121 pattern internal structure in Elliott Wave theory

We believe that when we talk about 121 pattern (in context of the Elliott Wave Theory) we talk about flat correction.

Based on this theory we should look for the following internal 121 pattern structures (1 case only, comparing to 4 cases for the Gartley pattern):

To read more about flat corrections, 121 internal structure and more ... check our TradingArsenal knowledge base on the 121 pattern -> trading 121 pattern - Table of Content

Sunday, August 12, 2012

latest TradingArsenal research - XABCD Diagonal

Just a glimpse on what we research currently at TradingArsenal before adding to AMPmonitor

something like Elliott Wave theory ending diagonal or WolfeWave, but again we want to go in direction to make it very practical tradable pattern...

121 pattern location in Elliott Wave theory

Location of the 121 pattern within Elliott fractal...

Check our TradingArsenal knowledge base on the 121 pattern -> trading 121 pattern - Table of Content

Reversal versus Continuation 121 pattern

Here lets present several examples of Reversal versus continuation 121 pattern.

First check the diagram:

Check our TradingArsenal knowledge base on the 121 pattern -> trading 121 pattern - Table of Content

Question: What do you think, which one offers better risk reward ration and success ratio? Which one is easier to trade?

Saturday, August 11, 2012

you trade on Forex? Learn about the 121 pattern !

... you want to learn about this most attractive price and geometry trading pattern.
Check our TradingArsenal knowledge base on 121 pattern -> trading 121 pattern - Table of Content

Simple 121 pattern version:

Enhanced 121 pattern version:

Note: Enhanced version of the 121 pattern introduces additionally the Fibonacci ratios.

Thursday, August 9, 2012

TradingArsenal Forum update email - 121 pattern

Dear Users,

If you follow us on Facebook-> http://www.facebook.com/TradingArsenal or twitter-> https://twitter.com/TradingArsenal you were notified yesterday.

For everyone else…
We are happy to announce that the NEW section dedicated to the 121 geometric trading pattern is now available.
Discover the nature of this strong pattern, learn its relation to Elliott Wave Theory, its internal structure and confirmation methods aided by plenty of clear examples. It's all available here: http://tradingarsenal.com/121-pattern/386-121-table-content.html

See you there!

Kind regards,
Trading Arsenal Team
www.TradingArsenal.com

Related Posts:

All about the 121 pattern trading
Geometric 121 pattern - location is the key
121 pattern (running correction) proceeds the impulse
121 pattern confirmed by the daily pivot point
classic running correction - 121 pattern
harmonic trading 121 pattern bearish
harmonic trading forex 121 bullish pattern GBPCHF M30
121 bearish GBPJPY M30

Wednesday, August 8, 2012

FTSE100 H4 harmonic bat pattern

korHarmonics versus AMP indicator example

Here you can check regarding differences between korHarmonics and AMP indicators (both very powerfull MT4 harmonic and price patterns recognition engines) -> korHarmonics versus AMP indicator

Example of the GBPUSD 121 pattern recognized both search engines:
AMP indicator:

korHarmonics indicator:

Tuesday, August 7, 2012

All about harmonic Gartley pattern trading

Note:TradingArsenal Forum thread dedicated to successful Gartley pattern trading is now updated.

Related Posts:

Ideal chart location for a Gartley pattern?

Gartley pattern - location & pivot point confirmation
Gartley pattern trading entry techniques
failed Gartley pattern - another scenario
support resistance line confirmation for Gartley
harmonic trading success ratio

AB=CD price and time in Gartley pattern

best harmonic trading pattern - Gartley

Harmonic Trading with supply demand zones
forex harmonic trading Gartley bullish
Gartley bearish pattern EURUSD M5

All about the 121 pattern trading

Many emails and questions about the 121 pattern ... so we decided to collect and process some info, and publish new TradingArsenal Forum THREAD regarding the 121 pattern.

Thursday, August 2, 2012

Ideal chart location for a Gartley pattern?

What is ideal chart location for the Gartley pattern? Many ask the same question and many talk about Gartley converting into Butterfly.
I put my thinking on it here: What is the ideal chart position for a Gartley?
Comments are welcome!

Related Posts:
Gartley pattern - location & pivot point confirmation
Gartley pattern trading entry techniques
failed Gartley pattern - another scenario
support resistance line confirmation for Gartley
harmonic trading success ratio

AB=CD price and time in Gartley pattern

best harmonic trading pattern - Gartley

Harmonic Trading with supply demand zones
forex harmonic trading Gartley bullish
Gartley bearish pattern EURUSD M5
All about harmonic Gartley pattern trading

Wednesday, August 1, 2012

Geometric 121 pattern - location is the key

Location of the pattern is the key in my geometric trading.

I guess, TradingArsenal team should prepare some videos to explain the proper locations of the geometric patterns. Hmmm... actually, any valunteer to work with us on it?

to see more about the geometric 121 pattern visit TradingArsenal - all about the 121 pattern

Gartley pattern - location & pivot point confirmation

Bearish Gartley pattern located properly and confirmed by the pivot point level.

For more about Gartley pattern check: TradingArsenal - all about the Gartley pattern

intersted in the Pivot Point confirmation method, take a look at our video:

AB=CD price and time in Gartley pattern

best harmonic trading pattern - Gartley

Harmonic Trading with supply demand zones
forex harmonic trading Gartley bullish
Gartley bearish pattern EURUSD M5
All about harmonic Gartley pattern trading

121 pattern (running correction) proceeds the impulse

The small (predefined in AMP indicator) stops were taken here unfortunately, ...but anyway, this screenshot presents well the proper location and the power of the running correction that proceeds the impulse wave.

USDCHF:

EURUSD:

121 pattern specifics to be explained on the www.TradingArsenal.com Forum