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).

Thursday, March 7, 2013

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
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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