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).

Monday, September 16, 2013

benefits of Harmonic Patterns trading

Nice list of Harmonic Trading Benefits / Advantages:

1. Method offers excellent Reward:Risk ratio.

2. Leading indicator, projects future price move direction in advance.

3. Used on any Forex pair or market

4. Used on any timeframe

5. News independent

6. Well defined price patterns structures

7. Help to see kind of order in the market

8. High probability setups

9. Clearly defined pattern invalidation level (important for SL placement).

10. point D is the market decision point. Price will move strongly from D, or in the direction indicated by the pattern, or opposite (pattern failure). Anyway, it's high probability to have a strong move.

11. HT method is easy to combine with other trading methods (Elliott Wave theory, Pivot points, MACD, Stochastic, RSI, divergences, volume, Supply/Demand, candlestick formations, cycles and timing methods, grid and various money management techniques).

12. Perfectly fits to the traders law: "Buy low, sell high".

13. Trend reversal forecasting capability.

14. Technical, mechanical method, can be programmed, automatized. Free and commercial indicators available.

15. Combines price patterns with Fibonacci ratios.

16. Harmonic patterns occur frequently.

17. Harmonic patterns usually create a very tight potential trade area.

if you care, more on this on the Forum -> Benefits & advantages of harmonic patterns trading

Anyway, many years trading the markets already and no better method found :-)


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