Harmonic Trading Made Easy



http://www.forextradingseminar.com Have you heard any recent "buzz" about something called Harmonic Trading or Elemental Trading? Until recently not many people in the investment and trading world were familiar with these techniques. Fortunately, you don't need to be a mathematician or engineer in order to get results in your trading from employing these highly probably chart patterns as part of your overall technical analysis. Part of the knowledge now known as harmonic trading began with H.M. Gartley who published a book in 1935 called Profits in the Stock Market. This video illustrates what the original Gartley pattern is and how this pattern as well as the more recent discoveries can be easily employed in your trading business in Forex, stocks, commodities, and futures. When a pattern forms with specific high and low proportions that are measured with fiboncacci ratios it has been discovered that these patterns will be followed by a "potential reversal zone" which creates a highly probably trading opportunity. Besides the original Gartley pattern including the bullish Gartley and bearish Gartley, there are patterns discovered more recently by Scott Carney in 2000 and 2001. Carney is credited with discovering and researching these patterns including the bullish bat, bearish bat, bullish crab, bearish crab, Traders who are familiar with Elliott Wave will also see how these patterns correspond to Elliott Wave patterns but are a specific type of pattern that is known to be highly probably for producing a turning point and a trade entry that is likely to work out as a profitable trade. The structure of the Butterfly pattern was discovered by Bryce Gilmore. The butterfly includes a 78.6 Fibonacci retracement of the XA leg as the B point. The CD leg is extended to 127% or 161.8% of AB. These patterns have now been incorporated into an indicator for Metatrader 4 which draws the pattern clearly on the chart when it forms and produces a trading alert which can be emailed or sent as SMS text to a cell phone. At least one company other than Scott Carney's company is now selling the indicator with some training and support while a Russian developer has been making a free version available. For information on what really works in Forex trading go to www.forextradingseminar.com Harmonic Trading Made Easy http://www.youtube.com/watch?v=mVgKzpjDvd0

Comments

  1. hi there, if you ended up making money, please buy a better camera. thanks
  2. I know someone had sent me this free indicator. can you send me the indicator?
  3. Easy forex with harmonic trading
  4. what's the pluggin for mt4 that you mentioned?
  5. I know what you mean. But part of that is a kind of paranoia that we sometimes get in the trading industry and the real problem is in our own skill and developing the ability to really know when to enter a trade and when to exit.
  6. I got the feeling that every time when the patterns stays, it's like somebody knows about and takes positions against you !
  7. The tactic of the big traders is to enter at the beginning of a trend and exit at the end of a trend. Nothing intentional is done to other traders in that process. The tactic of the little traders is to not know how to do that unless they have seen it demonstrated in our live sessions.
  8. the tactic of big traders is simple - make believe others that the prive will rise or fall and the art is to sell right to the last guy before it fall or buy from the last guy minutes before it rises.
  9. There is a lot of paranoia about fighting against big traders. Does it benefit big traders to cause small traders to lose? It benefits them to get into good trades and small traders do the same thing. If a small trader wins or loses it will never have any effect on the big traders. Weird the paranoia that prevails in the trading industry.
  10. hello. If the Gartley's method is not a secret any more small micro traders knows that there will be a Price Reversal Zone at some point. Big hedge funds may trick these small micro traders and continue to buy and force small micro traders to buy and buy and then boom the draw back happens like 4 minutes after the Buterfly Patern happened ! That is my feeling every time when a pattern fails


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Duration: 9m 54s

Rating: 80