Thread: Interactive Trading Setups Disscussion

We created a skype group to discuss the advantages and disadvantages of Harmonic Trading. Practical aspects!

Based on the different discussions and questions that you send, it seems to be very interesting and wanted topic. Different traders see and approach it a bit differently.
If you are willing to share your experience and activly participate in the discussion drop a message to TRADINGARSENAL skype account (that holds this discussion group). I will gladly share my experience, but I am even more intersted in your inputs.

here are the threads:
benefits and advantages of Harmonic patterns trading

disadvantages and drawbacks of Harmonic patterns trading

EURUSD short opportunity ->

another short opportunity, let's see ->
multiple patterns from different TimeFrames, plus S/D.

Do we have already the major bullish turn on Coffee? -> Harmonics Tube: harmonic trading - major turn on coffee

How about this emerging harmonic bat pattern on SILVEREURO ? ->
it's still an emerging opportunity, but keep your eyes wide open.

+- in the same time we may have harmonic Gartley pattern on SILVER ->

Today's EURUSD harmonic bat bearish pattern ->
Entry ideally confirmed by the Pivot Point.

Originally Posted by kor4x

Today's EURUSD harmonic bat bearish pattern ->
Entry ideally confirmed by the Pivot Point.

wasn't quite sure where to post this, but here it comes.
this has been puzzleing me
I've been taught that for a valid pattern to exist there should be a AB=CD or an alternate AB=CD pattern (1,272 or 1,618) the way it should be drawn is a fib retracement from A to B and then move the fib up to the start of the CD leg like this


or should it be done as a fib extension like this


if you cannot see it on the pictures the CD leg converge with the 88,6 of the xa at the 1.41 extension on the first pic, which means a none valid entry. where on the second picture it converges quiet nicely at the 88,6 with the 1,618 extension.