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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Harmonic Trading - patterns & setups

Hi,

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
www.TradingArsenal.com



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Harmonic Grid trading system - Directional Profits

Posted yesterday ... another grid trading system (combined with harmonic patterns trading) presented by Ziemo:

Harmonic trading system - Directional profits

In the case you missed the previous systems here are the direct links:

Harmonic martingale entries system

Harmonic grid trading system - Volcano setup

Check the people's comments with their trading ideas and improvements suggestions.

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Harmonic Martingale Entries system

Another trading system idea was published today on TradingArsenal Forum.

This time it's about harmonic patterns trading combined with martingale sized entries. Even if not for your trading style and psyche, worth to take a look. This non standard approach should at least stimulate you for further researches.

Harmonic Martingale Entries System

Check full system idea description -> Harmonic martingale entries system


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