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Thread: Confirming Harmonic patterns with Divergence

  1. #11
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    Did you enter long at the 2.236 fib ext. ? if so the pattern hit its target a "B"

  2. #12
    Wizard
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    issue with the link is fixed now, sorry --> Gartley pattern - table of content

  3. #13
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    Well... I did not enter at 2.236, I waited for the moving averages to cross. 2.236 is where I put the SL. Yes 2.236 was hit, This particular butterfly looked as if it was confirming the 61.8 Ret of ABC move...

    Help me understand what you mean it hit "B".... from my current charts its heading further south. currently at 0.97960..
    Optimizing human brains to speed up evolution

  4. #14
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    May your soul be blessed kor4x.... I have more ideas now thanks a lot!
    Optimizing human brains to speed up evolution

  5. #15
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    jaguar you can share the indicator, i dont think there should be any problem with sharing over here... will be glad if you can do it.

    thanks in anticipation.

    Quote Originally Posted by jaguar View Post
    I bought it from BJF Trading group.
    I am not sure if I am allowed to share it. I shall Send them email now and will tell you results.
    Find its description from here John Ehlers AdaptiveCyberCycle Divergence Indicator

  6. #16
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    Quote Originally Posted by jaguar View Post
    Well... I did not enter at 2.236, I waited for the moving averages to cross. 2.236 is where I put the SL. Yes 2.236 was hit, This particular butterfly looked as if it was confirming the 61.8 Ret of ABC move...

    Help me understand what you mean it hit "B".... from my current charts its heading further south. currently at 0.97960..

    Jag, the "B" is the third point in the Harmonic pattern. As i look at your AUD/CHF chart the pattern completed perfectly to the center /pushed slightly above "B". it rallied and gaped up at the first 2.236 fib extention. it looks like you tried to enter after the pattern completed.
    Last edited by trademonster; 02-20-2012 at 09:30 PM.

  7. #17
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    John Ehlers Adaptive Cyber Cycle Divergence

    Okay guys..... after your emails I will share it with you....

    Its an interesting indicator has a peculiar habit of pinpointing reversals Especially in sideways market with razor sharp prediction.. Good if you mix it with Support and resistance Lines.

    I have attached it.
    Attached Files Attached Files
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  8. #18
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    Yes I waited for the lagging moving averages to make a cross.... perhaps this was the error I made. Start to wonder at what point should you enter the patterns, especially extension patterns, when they just compleated forming, move past a barrier (S/R lines&trendlines) or after confirmation from lagging indicators..
    Optimizing human brains to speed up evolution

  9. #19
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    Thanks for sharing the indicator Jag,

  10. #20
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    GBPAUD Update Failed

    Second failure. The butterfly failed,... Extension patterns are complicated than retracements. Also, The Idea of moving averages has failed me second time. These laggards seem to be making me miss some few pips.

    I have a question. Where do you put Stop Loss when trading extension patterns? To avoid being stopped out and then the pattern ending up working in your favour..?
    Attached Thumbnails Attached Thumbnails Confirming Harmonic patterns with Divergence-gbpaud-failure.png  
    Optimizing human brains to speed up evolution

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