Harmonic patterns trading ideas
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- This topic has 67 replies, 8 voices, and was last updated 3 years ago by Antoine.
Tagged: ABCD pattern, Bat pattern, Butterfly pattern, Crab pattern, Cypher pattern, Gartley pattern, harmonic pattern, harmonic patterns, Screener, Shark pattern, Trading ideas
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10/20/2020 at 9:09 AM #14785110/20/2020 at 2:03 PM #147911
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
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10/20/2020 at 2:25 PM #147914Thanks 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! 😀
10/20/2020 at 2:44 PM #14792010/21/2020 at 5:45 AM #147965Hello 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.
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10/21/2020 at 6:21 AM #147966Hello 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
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10/22/2020 at 7:09 AM #148042Hello 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
Ale1 user thanked author for this post.
10/22/2020 at 1:57 PM #14808710/22/2020 at 4:55 PM #148109I 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.
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10/26/2020 at 6:30 AM #148456Hello 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
Ale10/26/2020 at 1:47 PM #14851010/27/2020 at 6:32 AM #148611Hello 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
Ale10/29/2020 at 11:44 AM #148882Hello 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
Ale10/30/2020 at 6:41 AM #148962Hello 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
Ale1 user thanked author for this post.
11/02/2020 at 7:18 AM #149238Hello 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 -
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