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Thread: More than 70% invalidated - Does than means accuracy is less than 30% ?

  1. #1
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    More than 70% invalidated - Does than means accuracy is less than 30% ?

    Was looking at the AMP Monitor and realised something puzzling when I was looking at the invalidated amount of signals its rather huge... i filtered the H1 and H4 and its above 70% are invalidated. does that mean the accuracy of harmonic trading is only less than 30%?
    Experts please advice.. if so it would be very discouraging to trade Harmonic Patterns even if R:R is good.
    dezire likes this.

  2. #2
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    I'm also interested to know the percent accuracy of the AMP Monitor !!??!!

  3. #3
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    You don't take every trade that pops up guys. Use AMPMonitor to simply help keep you aware of potential trades coming into be. You still need need to analyze the potential reversal zone and work through the details of every single individual trade. Every trade is unique. Just because the measurements add up, does not mean that a trade exists. There is still a lot more to be done to validate a trade. Take note of the "30%" that are correct, and build a system off of them. Look at the ones that failed, and avoid those setups in the future.
    dezire likes this.

  4. #4
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    man, thanks, you explained it very well.

  5. #5
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    in the daily setups discussion thread I do posy sometines ones i find best opportunity.

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    So if i understand it well its just a warning that a potential pattern is developing. And out of all these warnings 30 % of them turn into real validate patterns?

  7. #7
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    Quote Originally Posted by Shinwi View Post
    So if i understand it well its just a warning that a potential pattern is developing. And out of all these warnings 30 % of them turn into real validate patterns?
    not sure how to understand your question.
    from emerging patterns not every gets completed, of course.
    from completed ones (presented by AMPmonitor) not every is a candidate for the trade, only if meets our own trading rules/confirmations.
    For example, I never look for butterfly at the begining of the trade, but only at the potential end. And oposite with Gartley/Bat should be at the begining, not at the end of the trend. Or, if 1 timeframe shows potential up move, but higher timeframe shows downmove, I do not care how the harmonic pattern looks like, as anyway I will skip it.

    trading with nice R:R, the 30-40-50% success ratio is just perfect.
    Harmonics Tube - daily trading setups based on harmonic patterns
    Forex Harmonic Trading - Harmonic trading practical tips, tricks and hints
    AMPmonitor - harmonic and price patterns recognition Scanner that I use
    TradingArsenal Quiz project - best edu material regarding the Harmonic Patterns Trading

  8. #8
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    Is there another way to pay for ampmonitor instead of Paypal?

  9. #9
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    as far as I know, not.
    Harmonics Tube - daily trading setups based on harmonic patterns
    Forex Harmonic Trading - Harmonic trading practical tips, tricks and hints
    AMPmonitor - harmonic and price patterns recognition Scanner that I use
    TradingArsenal Quiz project - best edu material regarding the Harmonic Patterns Trading

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