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Thread: Harmonic Trading...
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11-27-2012, 20:59 #181
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11-27-2012, 22:10 #182
Re: Harmonic Trading...
You should write a book HARMONIC TRADING FOR DUMMIES :-p
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12-01-2012, 14:04 #183
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Re: Harmonic Trading...
If you are good trader with $10.000, and can click so quickly, we can work together, and i give you rebate $10 for 1 Lot, but if there's $50000, i give you rebate $15 for 1 lot/pips, and consider like
if you are in $50000, can get 200 lot with 1 lot it means that $15x200 lot = $3000, only for your rebate in my broker, legal and can WD, in Bank, the biggest Bank in Asia like BCA, and seggregated Acc, my email, [email protected], email me and we make like corperation, iam respect with good traders, and my broker under the Indonesia Goverment and Law. Contact me for further information in my email.No Scams, For seriously for expert Traders
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12-12-2012, 07:10 #184
Re: Harmonic Trading...
does anyone have the latest version of the ZUP Harmonic indicator?
After killing the terrorists with his teeth and a tea cup, the astonished girl asks Toscani, "...But I thought you were a trader?"
Toscani Replies, "Well, I Also Trade."
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12-12-2012, 07:22 #185
Re: Harmonic Trading...
I think the highest is gartley success 80% something like that but the longer time frame charts is higher success rate than 1 minute or around there...
After killing the terrorists with his teeth and a tea cup, the astonished girl asks Toscani, "...But I thought you were a trader?"
Toscani Replies, "Well, I Also Trade."
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12-28-2012, 19:17 #186
Re: Harmonic Trading...
gartley, bat, whatever, they all are strange to trade, take patience and are subject to change at any minute... the harmonic strategy on the whole is a tough tough tough strategy to follow I've come to realize...
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03-28-2013, 16:44 #187
Re: Harmonic Trading...
The market, starting from Fourier Analysis, and ending finally to the Neural Networks and wavelets. I use the wavelets to extract the cyclic events that occur in the market (at every timeframe). Then I use a NN based trading system called NeuralSpray, to trade on the markets. When the direction predicted by the wavelets (Morlet is better than Mexican Hat) is the same of the one opened by NeuralSpray, I leave them to run. Counterwise, I close the order of the robot. Actually my equity is very interesting, but maybe it depends by the broker (fibo group), very honest respect to others.
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06-26-2013, 02:03 #188
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06-26-2013, 03:43 #189
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06-26-2013, 18:09 #190
Re: HARMONIC TRADE - BEARISH BAT GBP/JPY
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06-26-2013, 19:12 #191
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06-27-2013, 03:49 #192
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06-27-2013, 18:50 #193
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06-27-2013, 19:13 #194
USDJPY Harmonic Trade Fail
Here's a good example of why you should, if you are risk averse like me, always move your stop loss up to break even when a trade is going your way. The two options being, take that advice and lose NOTHING when the trade goes against you, or lose 10-20 or more pips when the trade goes against you and hits your original stop loss. And I am making these comments under the assumption you all are wisely using a tight but logical stop loss relative to your risk appetite and/or history of price action.
So you see here how a Bearish Bat harmonic pattern failed only after reaching half way to our taret near 97.55. But I did not trade this myself because it was a BEARISH signal in an overall BULLISH market for USDJPY specifically, since price has been moving upwards and/or sideways for nearly 2 weeks on this pair. So, trade these patterns which appear all the time at your own risk but a wise move would be only to trade the ones that are going in the direction of the longer term trend, i.e. 1 hour trend, 4 hour trend, and daily trend.Post Thanks / Likebear thanked for this post
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06-27-2013, 21:22 #195
Re: USDJPY Harmonic Trade Fail
I don't get it, why follow these patterns if they fail so often.
"The box said 'Requires Windows XP or better'. So I installed LINUX..."
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06-27-2013, 21:44 #196
Re: USDJPY Harmonic Trade Fail
Well, as I said there's much more to trading the Harmonic patterns than just blindly buying or selling when you see it.
Generally speaking, even though these patterns can signal a reversal in a short term trend (and precipitate huge moves), I don't ever trade them against a longer term trend, i.e., I'm trading these Harmonic patterns on 1 hour time frames because they are GREATLY more accurate than 30min, 15min, 5min, 1min Harmonic patterns. That being said 4h, Daily, and Weekly chart Harmonic patterns are supremely more accurate but much more rare. On a 1 minute chart there can be 10-15 Harmonic patterns appearing each day but only produce a few pips if they do work; whereas on a 4 hour chart a Harmonic pattern may only appear once a week but almost always produce pips. I did an analysis a year or so ago and it's somewhere around 80% accurate on a 4 hour chart, 60% accurate on a 1 hour chart, and so on. BUT, if you introduce filters or caveats on which patterns to trade, the big one for me is are we trading against a 4 hour or Daily trend on a 1 hour pattern no matter if it's bearish or bullish, if it's against the trend, I don't trade it, and in my experience it has increased the accuracy of the patterns on an hourly time frame.
In the end, like I said trade these at your own risk, I can only give you examples of these working and give you reasons why it worked, and conversely, like the chart above, I can give you examples of it not working and give reasons why.
Just trying to help
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06-27-2013, 21:51 #197
Re: USDJPY Harmonic Trade Fail
Okay that makes more sense, thanks Mike
"The box said 'Requires Windows XP or better'. So I installed LINUX..."
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06-27-2013, 22:16 #198
Re: USDCAD Harmonic Pattern Signal - Bullish Bat
Did this work out or fail like your other suggestion?
"The box said 'Requires Windows XP or better'. So I installed LINUX..."
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06-27-2013, 22:16 #199
Re: HARMONIC TRADE - BEARISH BAT GBP/JPY
Wow, that one really did work! Cheers mate!
"The box said 'Requires Windows XP or better'. So I installed LINUX..."
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06-28-2013, 07:35 #200
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