Harmonic Trading

In the Harmonic Trading Section we present you an overview of the Harmonic trading method an relative unknown trading method in the investment industry but with astonishing results. We urge you to go ahead and read about it as it will change you as a trader foreever bringing you results only profesionals are out for.

H.T. Overview

Written by MyFxCentral Team

Harmonic Trading is a methodology that uses the recognition of specific Harmonic Price Patterns and Fibonacci numbers to determine highly probable reversal points in stocks. This methodology assumes that trading patterns or cycles, like many patterns and cycles in life, repeat themselves. The key is to identify these patterns, and…

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Introduction

Written by MyFxCentral Team

Harmonic Trading techniques are relatively unknown in the investment industry. Many people might have difficulty believing that these methods are a valid means of trading Forex. However, our experience with the harmonic techniques has been truly incredible. These techniques have enabled us to decipher price action in markets that are…

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Bat Pattern

Written by MyFxCentral Team

1. B must be less than .618 (preferably .50 or.382). 2. D should be .886XA 3. BC projection for D should be at least 1.618 to validate. 4. Use candle setup to confirm.

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Butterfly Pattern

Written by MyFxCentral Team

1. Usually occurs near price extremes. 2. Completion of AB=CD is usually extreme (1.27 or 1.618). 3. AB=<CD. 4. Wait for candle setup before entering. 5. Point A is the highest/lowest point in the pattern. 6. Point C can not exceed point A. 7. In a bullish pattern point D…

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Gartley Pattern

Written by MyFxCentral Team

1. XA leg must be the largest price move. 2. D is equal to .786 of XA (some use .618 or .786). 3. D should not exceed X. 4. AB should equal the retracement of .618 of the XA leg. 5. A should be below/above C. 6. D must complete…

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Crab pattern

Written by MyFxCentral Team

1. D is equal to 1.618XA. 2. D is an extreme projection of BC (typically 2.24, 2.618, 3.14, 3.618). 3. Usually requires a very small stop loss.