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).

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/




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