Harmonic patterns trading ideas

Forums ProRealTime English forum General trading discussions Harmonic patterns trading ideas

Viewing 15 posts - 16 through 30 (of 68 total)
  • #147851

    Thank you ALE for the daily update about that possible setup on US stocks. I see that there are ‘target profit’ and ‘invalidation’ price levels, how does it works please?

    #147911
    ALE

    Hi Nicolas,
    Thanks for your comment. It is a pleasure.

    Invalidation is the level considered to deduce whether the actual pattern is canceled. Tp1 and Tp2 are considered the profit targets of the pattern.
    The levels are taken from the HARMONIC TRADING book – SIXFIGURECAPITAL.COM.
    The figure on the daily time frame can remain valid for days, i.e. until the level of invalidation or the first target is reached by the price.
    Usually I don’t consider the second target, because the first target can generate strong rebounds  as show in the attached pic.
    Thanks
    Ale

    1 user thanked author for this post.
    #147914

    Thanks for the detailed explanation, it is very clear. So, for a better understanding for people who are reading this topic, you are finding those patterns automatically? How does it work please? Never hesitate to explain what you have achieved with your coding knowledge 🙂 It could encourage people to learn programming and create great tools too! 😀

    #147920

    @ALE

    I think you have already tested harmonic pattern with an automatic strategy in order to reach TP1 for example ?

    Thank you for sharing

    #147965
    ALE

     

    Hello Makside
    No, never used an EA for technical trading, also in this case the trades must be evaluated for a set of exogenous factors, such as bias, basic fundamental analysis, etc etc.

    The appearance of the pattern can only confirm other factors, primarily my cognitive bias.

    1 user thanked author for this post.
    #147966
    ALE

    Hello Guys,

    here below the Harmonic patterns detected today:

    Time Market Name Pattern Direction
    06:57.52 Shares – XETRA Deutsche Lufthansa AG Gartley Bearish
    06:57.54 Azioni – Sud Africa Tiger Brands Ltd Gartley Bearish
    06:57.55 Shares – XETRA Leoni AG Butterfly Bullish
    06:57.59 Shares – XETRA B+S Banksysteme Aktiengesellschaft Bat Bearish

    Regards

    Ale

    1 user thanked author for this post.
    #148042
    ALE

    Hello Guys,

    here below the Harmonic patterns detected today :

    Date Time Market Name Pattern Direction
    2020-10-22 7.15.50 Azioni – US (NASDAQ) CBTX Inc Gartley Bearish
    2020-10-22 7.15.51 Azioni – US (NASDAQ) Asure Software Inc Gartley Bearish
    2020-10-22 7.15.52 Azioni – US (NASDAQ) Intellicheck Inc Bat Bearish
    2020-10-22 7.15.53 Azioni – US (NASDAQ) Arrowhead Research Corp Gartley Bearish
    2020-10-22 7.15.54 Azioni – US (NASDAQ) Spectrum Pharmas Inc Butterfly Bullish

    Regards
    Ale

    1 user thanked author for this post.
    #148087

    Do you know what is the number of invalitated signals ?

    difficult to assess but what is the average time to reach the target profit ?

    i followed some patterns and very often, not the right direction.. 🙂

    #148109
    ALE

    I have never done backtests, I have always used them for confirmation. I believe they should be used only at the discretion.
    There are many factors that contribute to the price movement, the pattern must always be used in order to confirm the market sentiment. As I said earlier, it is rational to use patterns by contextualizing them.
    Thanks

    1 user thanked author for this post.
    #148456
    ALE

    Hello Guys,

    here below the Harmonic patterns detected today :

    Date Time Market Name Pattern Direction
    2020-10-26 7.15.50 Azioni – US (NASDAQ) Lakeland Financial Corp Gartley Bearish
    2020-10-26 7.15.50 Azioni – US (NASDAQ) Bank OZK Bat Bearish
    2020-10-26 7.15.51 Azioni – US (NASDAQ) People’s United Financial Gartley Bearish
    2020-10-26 7.15.51 Azioni – US (NASDAQ) Tilray Inc Gartley Bearish
    2020-10-26 7.15.51 Azioni – US (NASDAQ) Atlantic Cap Baneshares Butterfly Bearish

    Thanks
    Ale

    #148510

    Thank you for the continuous updates ALE 🙂

    1 user thanked author for this post.
    avatar ALE
    #148611
    ALE

    Hello Guys,

    here below the Harmonic patterns detected today:

    Date Time Market Name Pattern Direction
    2020-10-27 7.15.50 Shares – Mib Avio SpA Bat Bullish
    2020-10-27 7.15.50 Shares – LSE Purplebncks Grp PLC Gartley Bullish
    2020-10-27 7.15.50 Shares – LSE Jet2 PLC Bat Bearish
    2020-10-27 7.15.50 Shares – LSE Sainsbury (J) PLC Gartley Bearish

    (These days the market is bearish due to the pandemic, and general uncertainty. I am flat, waiting for opportunities to buy).
    Regards
    Ale

     

    #148882
    ALE

    Hello Guys,

    here below the Harmonic patterns detected today:

    Date Time Market Name Pattern Direction
    2020-10-29 8.08.10 Shares – XETRA Paion AG Bat Bullish
    2020-10-29 8.08.11 Shares – LSE Xtrackers FTSE 100 Short Daily Sw… Bat Bearish
    2020-10-29 8.08.12 Shares – LSE Babcock Inti Grp PLC Bat Bullish
    2020-10-29 8.08.13 Shares – XETRA Vonovia SE Bat Bullish
    2020-10-29 8.08.14 Shares – LSE Land Secu Grp PLC Gartley Bullish
    2020-10-29 8.08.14 Shares – LSE Aviva PLC Butterfly Bullish

     

    Thanks
    Ale

    #148962
    ALE

    Hello Guys,

    here below the Harmonic patterns detected today:

    Date Time Market Name Pattern Direction
    2020-10-30 6.25.09 Azioni – US (NASDAQ) The ExOne Co Gartley Bullish
    2020-10-30 6.25.09 Azioni – US (NASDAQ) The RealReal Inc Bat Bullish
    2020-10-30 6.25.09 Azioni – US (NASDAQ) FibroGen Inc Gartley Bullish
    2020-10-30 6.25.09 Azioni – US (NASDAQ) Harpoon Therapeutics Inc Gartley Bullish
    2020-10-30 6.25.09 Azioni – US (NASDAQ) Gilat Satellite Networks Ltd Butterfly Bearish

    Thanks
    Ale

    1 user thanked author for this post.
    #149238
    ALE

    Hello Guys,

    here below the Harmonic patterns detected today:

    Date Time Market Name Pattern Direction
    2020-11-02 06:57.55 Azioni – US (NASDAQ) Riot Blockcham Inc Bat Bullish
    2020-11-02 06:57.55 Azioni – US (NASDAQ) Aspen Grp Inc Bat Bullish
    2020-11-02 06:57.55 Azioni – US (NASDAQ) Service Properties Trust Gartley Bullish
    2020-11-02 06:57.55 Azioni – US (NASDAQ) MediWound Ltd Bat Bullish
    2020-11-02 06:57.55 Azioni – US (NASDAQ) Verrica Pharmas Inc Butterfly Bullish

    These days there will be a lot of volatility, the structure of the harmonic patterns always involves a reversal, but these days it is very dangerous.
    Regards
    Ale

Viewing 15 posts - 16 through 30 (of 68 total)

Create your free account now and post your request to benefit from the help of the community
Register or Login