Gartley pattern & Elliott Wave theory

Example where Elliott Wave theory confirms Gartley pattern validity:

For more about Gartley pattern confirmations read: Gartley pattern confirmations

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Cycle confirmation technique - Harmonic Bat pattern

Example to present the concept:

This is D1 bat bearish pattern recognized by the AMPmonitor:

Next screenshot presents the simple cycle that could be used to additionally confirm the entry time:

Different methods can be used to confirm the price patterns and fine tune the entry price and time.
For more on Bat pattern trading and confirmation techniques check our repository: http://tradingarsenal.com/bat-pattern/281-bat-pattern-table-content.html

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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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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



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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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Gartley pattern with complex internal structure

We often look on the charts for book -like Gartley patterns. Impulse, followed by nice ABC correction.
... but tradeable patterns can and will often take more complex forms.
Pattern location is very important to spot tradable patterns with complex structures. Location of pattern's X point is the key.

Daily harmonic setups discussion on : Interactive Trading Setups Discussion on www.TradingArsenal.com


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Exits are so much important

Cool, managed to find a perfect example of the fact that exits are very important, maybe even most important...

Daily harmonic setups discussion on : Interactive Trading Setups Discussion on www.TradingArsenal.com

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TradingArsenal Forum valuable content

Email that was sent today to the Forum members...

Dear User,


Due to the pleasant fact that the TradingArsenal forum and Community are growing so vast, we prepared this email to guide you a bit more - WHAT and WHERE can be found in the TradingArsenal "knowledge libraries".

1. If you are searching for a daily trading opportunities or want to discuss your trade ideas, or you simple seek for a PRO guidance and comments from people that are trading the markets and not just write about them…  visit the Trading Setups Discussions, the best place about live trading with geometry patterns: http://tradingarsenal.com/live-trades-interactive-trading/472-interactive-trading-setups-disscussion.html

2. Regardless if you are beginner or an experienced trader, there is always something new to learn in this business. Here you will find our finest base of market geometry & harmonic patterns knowledge. Even a simple picture with short description can be once an eye opener. This link will direct you to the powerful knowledge base about most popular and profitable harmonic patterns: http://tradingarsenal.com/market-geometry-harmonic-patterns-8/

3. Want to discover some new, inspiring and innovative systems and strategies ideas? We try not to mess up our forum with silly methods. Instead of that, we would like to direct you straight into intersting systems and concepts. They are proven to work. Check out if they make sense for you and fit your trading psyche. Here is the dedicated link to the Trading Systems section:http://tradingarsenal.com/trading-systems-81/

4. Finally, if you are an "indi guy", looking for some fancy indicators, here you will find what we and our community considers valuable and powerful (most used by us on MT4 platforms):http://tradingarsenal.com/indicators-exepert-advisors-52/

This and of course a lot more is just waiting for you to discover. See you on TradingArsenal!


Kind regards,
Trading Arsenal Team
www.TradingArsenal.com
http://www.facebook.com/TradingArsenal


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AMPmonitor - new Price & Time confirmations added

AMP indicator update!

New price and time fractal based confirmations were added to AMP indicator. Shortly they will be available on AMPmonitor.com platform.

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best results on Forex

These are the best Forex live account results I have ever seen. Just shows it is possible to get a lot when risk a lot.
First equity curve is "simple" 10000% how he is saying. He has many such in his Forex records beating career.

Forex Live account 10000% in 5 sessions

Second equity curve screenshot is his best record ever, although he tried several times, could not beat nor repeat this one again. Equity curve looks amazing. Doubt anyone can beat it. I assume market conditions had to be specific for these 5 days, and he had luck during each entry. Note however that it's difficult to be lucky 47 times in a row :)... maybe it's something more than luck :)

Forex Live account 26000% in 5 sessions

This thread explains how  this guy trades. Experience. Patience. Discipline. System. ...Amazing -> Forex real account

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deep harmonic Gartley pattern

Someone was asking lately if B point in the Gartley pattern can only be located around 61.8 XA swing retracement. Generally speaking yes, and we at TradingArsenal team try to stick with this assumption and restriction.
There are of course scenarios where B is located lower and deeper and still pattern looks so harmonic, with perfect AB=CD that it's too tempting for some traders to skip the opportunity.

We just had such an Gartley example on Forex EURJPY pair. It's a continuation Gartley pattern with pretty perfect AB=CD, although point B is located at 88.6.

deep Gartley continuation pattern

To learn more about the Gartley patterns and about specific reversal and continuation versions read more here -> Gartley pattern - Table of Content

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APAMI price movement indicator

TradingArsenal update email...

Dear User,

A very interesting insight was published on the forum recently.  Imagine an indicator that never repainted or lagged behind current price movement; instead it measures trending price action in real time. It is called the awesome price action movement indicator, or APAMI for short. Complete documentation, including a video overview of how it works, and a free download is available for you at this link: http://tradingarsenal.com/trading-systems/532-awareness-forex-system-apami-indicator.html

Let us know what you like about it the most (or least) on the forum thread.

Kind regards,
Trading Arsenal Team
www.TradingArsenal.com
http://www.facebook.com/TradingArsenal


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6 benefits of APAMI Forex indicator

6 benefits of APAMI Forex indicator VIDEO by the APAMI author. Well done!

To read more about APAMI indicator and APAMI system check: Awareness Forex System APAMI indicator

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APAMI indicator FREE download - finally!!!

Traders,
This is something I would like to recommend. APAMI indicator - very interesting concept and useful indicator for MT4 and MT5 platforms. It's zero lag, trend detection indicator. Can be combined with many different trading methods, including harmonic trading.

More on APAMI indicator here: Awareness forex system APAMI indicator

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Shark pattern bad chart location

Each pattern has it's proper location.
Traders trying to pick up any of the pattern appearance on the chart are asking for failure. It's simple and hopefully obvious rule.

New threads dedicated to Shark pattern trading is under construction and will be available here -> http://tradingarsenal.com/shark-pattern-80/


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MT4 indicators will not find such harmonic patterns

Another complex zigzag pattern that it's unlikely to be found by common MT4 indicators for pattern recognition.

Check regarding the AMP indicator -> AMP indicator releases

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Best two locations for the butterfly pattern

It was clearly explained here -> Butterfly pattern and Elliot Wave theory about the 2 best locations for the harmonic butterfly pattern.
To remind.
First, is at the end of impulse swing.

Second, is at the end of corrective move, example from EURUSD below.

Check the examples on the Forum.

Consider ignoring all the other butterflies. Note that harmonic pattern recognition indicators rarely analyse the location of the pattern on the chart, they often present butterfly pattern (meeting the Fibonacci price relations) in the wrong location. Now you should not be surprised anymore why so many of them fail. :-)

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Butterfly pattern recognition indicator - AMP indi from TradingArsenal.com

butterfly invalidated and running harmonic patterns

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Magic of the Pivot Points as trade entry confirmation

Yes! I use Pivots, especially pivot points confluence ( clustering ) from multitimeframe, example from today's EURUSD rally:

...but pivots for best effects should be combined with something. In my case, I successfully combine pivots with harmonic patterns trading, but if you are not fun on market geometry, you can combine pivot points analysis with your prefered methods.
For more on this topic check here -> Confirmation Techniques for the Gartley pattern: Pivot Points



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XABCD diagonal pattern Artwork

Check XABCD Diagonal pattern definition to learn more about XABCD diagonal pattern.
Amazing when well located!

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What is korHarmonics indicator for MT4 platform ?

korHarmonics is an indicator written in mq4 for Metatrader4 (MT4) platforms.

It automatically looks and presents (real-time and history) harmonic and price patterns appearing on any market and instrument supported by MT4.

For the user it means:

• possibility to monitor multiple markets, instruments, timeframes
• possibility to define set of favorite patterns to look for
• assurance that each pattern will be spotted and the user alerted
• at the end spending less time looking at the monitor, but not missing an opportunity

The market repeats continuously and on each timeframe. It does not draw anything new and will never draw anything new. It is just important to spot repetitive patterns, in order to remember their past behavior and get alerted on time when they show up next time. korHarmonics supports you in this.

There is no indicator that completely replaces an investor’s eyes. Some recognized formations are ‘DO NOT TOUCH”. Some look good, but still fail. It’s the responsibility of each investor to study and learn when to play and when to stay out of the market.

See www.TradingArsenal.com. This sub-forum Forum: KorHarmonics Indicator Releases is dedicated to the korHarmonics indicator and korHarmonics related initiatives. You may ask questions, look for the answers, share your strategies and entries screenshots. You will find there also information related to the latest public versions of the indicator and comments to your ideas.

Functionality in the last publicly available korHarmonics version (6.7.13):

1.       Automatic real-time and history harmonic and price patterns recognition and presentation. See korHarmonics manual korHarmonics Manual Documentation for the full list of supported formations.

2.       Support for multiple markets, instruments and timeframes

3.       Early identification of the emerging/potential formations (“Emerging patterns”).

4.       ZIGZAG with its price and time relationships

5.       Possibility to automatically save found pattern picture into a GIF file.

6.       Alerts and sound alarms.

7.       Choosing favorites patterns, filtering out the others

8.       Templates with predefined optimal parameters

9.       Default MinSwing pre-configuration for ZIGZAGs

10.    Integration with korSigMonitor the indicator which allows you to monitor multiple formations, markets, instruments, timeframes on the single page.

The latest official public version of the korHarmonics indicator is available here -> korHarmonics indicator - the latest official public release - FREE download

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Not necessary harmonics - Triangles

Non-harmonic price patterns - Triangles. 

Any worse or any better?

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Wall Street bull

Wall Street bull ;-)


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Market Correlations explanation

Market Correlations explanation.

Nicely presented ...

market Correlations explained

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harmonic Bat pattern Reward:Risk ratio

Bat pattern Reward:Risk ratio - case1

Bat pattern Reward:Risk ratio - case2

For the details regarding the Bat pattern and Reward:Risk ratio check this thread on the Forum: harmonic Bat pattern Reward Risk ratio


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XABCD harmonic diagonal pattern example

Today's EURUSD XABCD harmonic diagonal pattern:

To learn more about the XABCD diagonal pattern check out this thread -> XABCD diagonal pattern definition

These XABCD diagonal patterns together with harmonic Butterfly patterns allow to spot the very exact market tops and bottoms, so to enter the trade at the begining of new trend. Amazing ... if confirmed properly.


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Gartley pattern Entries Exits StopLoss

You may check first the previous post where is the Gartley first natural Exit presented (Entry, Exit/Take Profit and StopLoss). Since the proper Gartley pattern is a correction (corrective move) the impulse must follow and this impulse must take/reach the previous high (Gartley pattern point A) -> Gartley pattern Reward Risk ratio

Here we go even further, the Gartley pattern in the proper location should forcast the start of the strong impuls wave (Wave3 in EWA/Elliott Wave theory). Such impuls reaches 161.8% of the initial impulse move (XA swing), therefore we place the Exit at 161.8% of XA measured from point D.

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Gartley pattern Reward Risk ratio

For the details regarding the Gartley pattern and Reward:Risk ratio check this thread on the Forum: Gartley pattern Reward:Risk ratio
Since the proper Gartley pattern is a correction (corrective move) the impulse must follow and this impulse must reach the previous high.

Scenario when the impuls reaches 161.8% Fibonacci of the XA swing is presented in post Gartley pattern Entries Exits StopLoss

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Extreem butterfly bullish pattern

extreem butterfly bullish pattern

Here you can find the definition of ideal and tradable harmonic butterfly patterns -> Ideal and Tradeable butterfly pattern

Tradeable scenario description gives examples of 2 extreem cases. Today we had one such on USDPLN, see the attached example. Very precise, harmonic butterfly pattern, ...very powerful if located correctly, ... btw: additionally confired by several methods we described in Butterfly pattern confirmations

All the Best in 2013!

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