05-31-2012, 07:04 AM #111
for those that want to trade the shark pattern, download zup 102 indicator for Metatrader 4 at the previous website i posted.
05-31-2012, 08:35 AM #112
Actually reagarding the patterns and harmonic trading we reached the level that any individual will have difficulty to convince me regarding any new ANIMAL or CREATURE.
We have enough of proper patterns (Gartley on wave1-wave2 correction, Bat on wave1-wave2 correction, butterfly on wave4-wave5) on the charts to look for a new.
BTW: Shark is just another funny name for wave1-wave2 correction. When I talk to the market geometry PROs they all lought about these names :-) ... but well, lets use them if/since usefull.
05-31-2012, 09:49 AM #113
just wondering how you get a shark pattern out of this
05-31-2012, 10:15 AM #114
@margood, do you trade normally this pattern? at which market locations you look for it? pattern without higher TF market location is unproper concept, I think.
05-31-2012, 10:30 AM #115
@ Kor Yes i agree about having higher TF confirmation i was only this using example to explain its not shark pattern. i use other indicators including support/resistance/rsi/tma+cg however this patterns only just been discovered and im only reseaching as yet, credit for this pattern has to go to team at triple threat trading, if it is 90% successful you cant deny its credibility
Last edited by margood66; 05-31-2012 at 10:51 AM.
05-31-2012, 11:00 AM #116
What i mean "at which market locations you look for it?" that when we find a pattern, we must know its location on the higher timeframe. If patter is on M5 we should know its location on M15/H1 - for profitable trading.
BTW: success ratio of the pattern is very missleading concept. I can have 99% success ratio and end up worse than if i have 30% success ratio. Concept is useless untill it's well defined. There was a bit on this topic here -> Gartley pattern 70-80% success ratio | Harmonic Trading - Trade Gartley Pattern
@margood: Can please explain how do you trade this pattern to aim for 90% success ratio, sounds interesting.
05-31-2012, 11:19 AM #117
youve got me i dont have a clue what you mean by "AT WHICH MARKET LOCATIONS" i thought that would be pretty obvious, to your second question as i said im only researching pattern at moment it was discovered by triple threat trading who claim it to br 90% success after there own testing this is the same crowd who use the cts system
05-31-2012, 11:26 AM #118
if a pattern say on the 5min chart has enough candles/bars that form it, is it not easy to recognise it on the higher TF
05-31-2012, 11:44 AM #119
regarding pattern location please check "Continuation and Reversal Gartley position" section here -> Gartley pattern definition and market position | Harmonic Trading - Trade Gartley Pattern
it's possition for the Gartley pattern, but same rule applies for other patterns. You must keep in mind the context of the pattern (where it's located on the higher timeframe).
06-11-2012, 11:58 AM #120
Originally Posted by kor4x
korharmonics-v6.7.13 is great working! Hats off!
Unfortunately it's not working on SILVER with FxPro platform... WARNING: Unknown Digits number(not 2 or 3)").
Could you pls send me the indicator with good format settings to work with SILVER.
Many thanks for your help & Regards,