EURUSD M15 harmonic butterfly bearish with complex zigzag

Pattern internal structure is rather complex and was not recognized by pattern recognition engines, but an experienced eye can see it. 

There are actually not so many different fractals in which market trends are ending.

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Trend following MTF Parabolic PSAR indicator

Trend following MTF Parabolic PSAR indicator:
placed twice on EURUSD chart with M15 and H1 settings.

Can it be better and cleaner than Ichimoku indicators? -> Ichimoku methods confirming harmonic patterns trading


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Ichimoku methods with Harmonic Patterns trading

Watched webinar by Manesh Patel and read couple of articles about the Ichimoku methods. All this to validate practicality of this method, to combine with my harmonic patterns trading.

This resulted in newTHREAD about Ichimoku methods -> Ichimoku methods combined with Harmonic Trading

Links to the webinar and articles I found useful, as well as experience and examples shared by Ichimoku traders are included in the thread.


Time to look for some indicators that may support further Ichimoku vs Harmonic Trading investigations ;-)
happy trading!




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10 Warren Buffett Quotes You Must Know

10 Warren Buffett Quotes You Must Know

1 .“Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.”
2 . “You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.”
3.“ Never invest in a business you can’t understand.”
4 “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
5. “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
6. “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
7. “It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.”
8. “Our favorite holding period is forever.”
9. “Only when you combine sound intellect with emotional discipline do you get rational behavior.”
10. “Without passion, you don’t have energy. Without energy, you have nothing.”


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Fibonacci and ABCD pattern webinar

FXStreet Webinar on Fibonacci and ABCD pattern --> Fibonacci Friday Webinar Link


Summary:
Fibonacci need not be difficult! Andrei Knight will share his ABCD pattern which can easily be used to trade news spikes, long-term positions lasting several months, and just about everything in between - a simple pattern which yielded a powerful 77% win ratio over the past 6 years. When Fibs are properly applied to the major moves we've seen during the week, they reveal clues as to where price is likely headed next, as well as the key support and resistance levels it is likely to encounter along the way. Here's your chance to have your favorite currency pairs and time frames analyzed by a professional trader.


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Gann Angles and Speed Angles trading

Gann Angles are Speed Angles which give us a bunch of informations about the (relative) speed and acceleration of the prices of a market within a specific trading frame.

Gann Angles and Speed Angles trading

To read more on the topic (explained by parisboy) and other guys discussion check -> Gann Angles Speed Angles

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Golden Ratio Spiral - Hurricane Sandy

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Introduction to Hedge Grid trading

You may be interested to see our new threads covering the topic of grid trading -> Hedge grid methods explained

An introduction to grid trading, covers the theory and basic concepts of grid trading, presents couple of basic and popular strategies that grid-traders use.
Grid trading in its pure and basic concept does not work very well. Combined with other methods can be very powerful.

Check this post to get to system ideas where harmonic patterns trading is combined with different grid approaches: http://forexharmonictrading.blogspot.com/2012/11/harmonic-grid-trading-system.html


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Gann methods - 45 angles, trend, trendlines

Gann methods - research continues!!!!!! -> gann methods on Forex explained


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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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Gann trading on Forex - market timing & price projection

We have started new project on TradingArsenal Forum about the Gann trading methods.
There is a PDF available in the thread where you can read about Gann secrets to find the market turns by calculating both time and price.

Interesting!

We will investigate to check if it's just a book's theory or a practical method that could additionally confirm the market geometry/harmonic patterns entries.

Gann trading method on Forex market

Gann trading method on Forex market

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Harmonic patterns, market geometry & grid trading approach

Testing grid trading approach combined with harmonic trading. Some of such harmonics+grid ideas are presented by Ziemo here -> TradingArsenal Trading Systems

This is only 1 month results. So far so good, but too early to conclude. Couple of negative scenarios were identified.


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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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AMP indicator and complex ZigZag patterns

Example from Forex market of the harmonic pattern with complex internal ZigZag structure. Therefore such pattern would not be recognized by the leading MT4 harmonic patterns recognition indicators like ZUP nor korHarmonics.
AMP indicator due to it's unique pattern definition capabilities is able to identify and alert even more complex price patterns.

harmonic butterfly pattern with complex internal ZigZag structure

 To learn more about the AMP indicator visit -> AMP indicator Realeases


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Harmonic Grid trading system - Volcano Setup

First from the new series of Harmonic Grid trading systems was published. 

Harmonic Grid Trading system - Volcano Setup

Check Harmonic grid trading system Volcano setup

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Trading Systems thread on TradingArsenal Forum - UPDATE

Dear User,

we would like to notify you, that we finally decided to start new thread named Trading Systems.

Here is the direct link: http://tradingarsenal.com/trading-systems-81/

We encourage you to submit your own ideas and systems that you would like to discuss in a group and improve.
During next weeks Ziemo is going to present several Harmonic Grid based systems where harmonic trading benefits are combined with GRID methods.

The first one, called 'Harmonic Grid Trading System - Volcano Setup', you can find already there! Enjoy it and post your comments and opinions.

Link to the system: http://tradingarsenal.com/trading-systems/526-harmonic-grid-trading-system-volcano-setup.html

Kind regards,
Trading Arsenal Team
www.TradingArsenal.com


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RSI divergence confirmation for Butterfly patterns

Divergence is popular method to identify trend reversal places, so to sell near the top of a trend or buy near the bottom. Very useful method to confirm validity/proper location of a butterfly pattern.

Example (Forex USDCHF) of the harmonic butterfly pattern confirmed by the RSI divergence, but also by the 2 pivot levels (confluence of monthly and weekly pivot levels)

RSI divergence confirmation method

To learn more about divergence concept and how it shell be used to confirm valid butterfly patterns check this dedicated thread -> Butterfly Pattern divergence methods

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TradingArsenal trades and Forum updates on Twitter

To get real-time trades and Forum updates Follow on Twitter: https://twitter.com/tradingarsenal

TradingArenal  on Twitter
https://twitter.com/tradingarsenal

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Sam Seiden's supply demand method example

Here is all what we collected till now regarding the Sam Seiden's supply demand trading method -> http://tradingarsenal.com/confirmation-methods/9-supply-demand-sam-seiden.html

Example from today (Forex EURUSD instrument):
Identify emerging opportunity:

Enter without hesitation (your preferred entry and money management technique):

Check out this post to learn about Sam Seiden's Probability Enhancers



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Butterfly Bullish pattern with double D point retest

Butterfly bullish with double D point retest

Common scenario where D point of the butterfly pattern is retested, Stop Losses are taken and only then the proper up move follows.

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