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 - 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 25, 2013

AMPmonitor TakeProfit levels

FYI: another change to the AMPmonitor platform ...

StopLoss and TakeProfit levels in AMPmonitor are only to demonstrate an idea about possibile levels and Reward:Risk. Traders use different approach to TP and SL and will use their levels anyway.

Since Gartley should be ideally first correction in new trend or for continuation "Gartley" should be any later correction within ongoing trend, the TakeProfits/SLs levels are to be corrected in AMPmonitor.

What AMPmonitor presents now is:

What we will change it to is:

In this specific case the pattern will become invalidated (as did not reach TP before reaching SL) instead of Running (successfully meeting TP level). It's more proper anyway.

If you have additional comments or ideas for AMPmonitor improvements feel free to post them here: AMPmonitor comments and improvements


Harmonic Trading - patterns & setups


Just a brief note to let you know that this Forum thread Harmonic Trading discussions  becomes more and more active.

Here we discuss harmonic trading method, the pros and cons. Here people present the emerging harmonic setups and trade opportunities. Here traders share their harmonic patterns experience. The confirmation methods, entry and exit rules are discussed.

If you use this type of trading feel free to join us and the discussions.

Kind regards,
TradingArsenal team