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Thread: Different Confirmation Techniques for Harmonic Patterns

  1. #71
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    Hi Sam,.
    Thanks for postind the THV indi. Have some questions about it:
    1) Why are some chart divergence lines solid red and some dotted red?
    2) Divergence lines drawn on price often pass through peaks, instead of going from peak to peak. Is this normal or can it be adjusted; if so, is it desireable to adjust it?
    3) Do you have a description please of the terms used in the inputs box?

    Mike

  2. #72
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    1. I'm not 100% sure about the dotted lines but I think it's when the divergence goes from bull to bear and bear to bull on either the top side or bottom side of the trix.

    Divergence is from the turn of price to turn of price. I'm not sure if it can be changed.
    I have just used the standard settings that come with the indicator.

    It's is the trix that comes from the THV system.

  3. #73
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    timing is everything ... Check this out. Useful to confirm the harmonic patterns entries:

  4. #74
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    A fantastic tip from Larry

    Quote Originally Posted by kor4x View Post
    timing is everything ... Check this out. Useful to confirm the harmonic patterns entries:
    Here are some examples I found just this morning illustrating Larry's point.

    Purple = London Opening

    GBP/USD as you can see within 45 mins of London opening the Pattern completes and goes bearish/
    Different Confirmation Techniques for Harmonic Patterns-untitled-40.jpg

    AUD/USD - Once again London opens and boom the market makes its move as the pattern completes.

    Different Confirmation Techniques for Harmonic Patterns-untitled-41.jpg

    Thanks Larry and Kor for this great tip. I hope this helps.

    Samtastico

  5. #75
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    I like your setup (set of indis) on the chart. Different techniques that used together make good sense, mate. Do you mind placing all the indis and the MT4 template? I am sure many would find it very usefull. thanks!

  6. #76
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    Quote Originally Posted by kor4x View Post
    I like your setup (set of indis) on the chart. Different techniques that used together make good sense, mate. Do you mind placing all the indis and the MT4 template? I am sure many would find it very usefull. thanks!
    Sure. I hope it helps others and others can help me refine myself and my trading.

    Harmonic indicators ...

    Zup and KorHarmonics - I find that ZUP picks up smaller patters and KorHamronics picks up the lager patters.
    TRIX and Better Volume - Cycles and Volume
    TMA+CG
    Auto Market Times
    THV Coral - General MA
    Ichimoko Kinko Hyo - This is found on every MT4 platform or you can download the THV4 system - Settings are ... Tenkan Sen:2 Kijun-sen: 5 and Senkou Span B:8

    I think thats about it.

    Please find all indicators in the attached Zip file accept the Ichimoko which is standard on all MT4 platforms.

    indicators.zip
    Ooops I forgot the template... here it is.
    samtastico - harmonic template.tpl
    Last edited by Samtastico; 09-04-2012 at 12:51 PM. Reason: Added the template.
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  7. #77
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    Multi confirmation methods to spot turning points.

    This is how I use the bands and cloud for potential trades and entries.

    I have taken some of the indicators off the chart and highlighted the hot zones in a white square.
    You will notice that when the blue cloud and the bands come close or sometimes meet that there is a potential reversal.
    Once I see price hit these bands I look for the cloud to catch up on either the 1 hour time frame or if it is a fast move from one side of the bands to another I move to a lower time frame and wait for the cloud to catch up with price and the bands.

    I hope this makes sense to you guys.

    Different Confirmation Techniques for Harmonic Patterns-untitled-42.jpg


    Another very interesting fact that I have recently noticed is this....
    Look at the London opening Purple and the NY London Cross - Red. Look how often that price hits the TMA-CG bands and turns at either London open or NY open.
    Add this together with a harmonic pattern at this point I believe you are looking at a high probability trade. Just this morning I had a nice 1/3 RR trade on the Euro using this method.

    Different Confirmation Techniques for Harmonic Patterns-untitled-44.jpg

    I would love for this to be tested a little more by others and hope to hear your thoughts and ideas.

    Once other quick peace of advice I have picked up on my travels is this this..... "TOPS TAKE LONGER TO FORM". I don't fully understand why it is but it seems to be true that tops usually take a little longer to form and drop and bottoms take to form and rise. Basically don't just in too early!
    Last edited by Samtastico; 09-05-2012 at 10:29 AM.
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  8. #78
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    Well done. investigate and keep us updated. I cannot really properly comment on it. I did not use this method till couple of days ago i have found this video from Larry Pesavento -> http://tradingarsenal.com/tutorials-....html#post4182
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  9. #79
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    Confirming Harminc pattern location using TMA+CG Bands

    I finally found a good example of my confirmation method.

    Fist of all the below screenshot is of the 1hr time frame. Here you will see that price has hit the bands and reversed. Now we are looking for a Harmonic pattern.


    Different Confirmation Techniques for Harmonic Patterns-untitled-49.jpg

    So the white square in white on the 1 hour TF is the screen shot you see below showing harmonic patters. Basically the bands help identify the market extreme which help identify good pattern location and the patterns help with the entry.

    Different Confirmation Techniques for Harmonic Patterns-untitled-46.jpg


    Hope this makes more sense to you all now.

    Thanks

    Samtastico
    kidrock82 and fxcommentary23 like this.

  10. #80
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    Do anyone have a confirmation technique that has been tested on fast moving markets with wide ranging bars?

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