Thread: Interactive Trading Setups Disscussion

Originally Posted by forexft

Thanks kor4x for your very informative comment and links. Scott Carney doesn't seem to highlight very much this point in his books. Your webiste goes into harmonics in a very detailed manner. Really appreciate that. I know there is a thread about it but which authors and books do you recommend for harmonics?

I have seen that other harmonic authors focus mainly on the price Fibonacci relationships and PRZ definition. I approach harmonics pretty differently. For me the key is the proper market position and harmony defined as price x time, not just as price. Many examples from Scott book do not look harmonic to my eyes at all, and to add they are not considering multitimeframe impact on the pattern structure. Anyway, every trader will approach it differently and every trader must combine it with proper MM and psyche-mind harmony if wants to be successful.

Regarding the books, yeah, you have seen this one probably already -> Books on the Gartley pattern
I think the material gathered on this Forum goes in many aspects much farther than any of them (for sure in terms of spotting the proper pattern, but not enough yet regarding the MM, position sizing and entry techniques). As you know I am the author and architect of korHarmonics and AMP indicator, so regarding spotting the best patterns I know things.

Originally Posted by kor4x

I have seen that other harmonic authors focus mainly on the price Fibonacci relationships and PRZ definition. I approach harmonics pretty differently. For me the key is the proper market position and harmony defined as price x time, not just as price. Many examples from Scott book do not look harmonic to my eyes at all, and to add they are not considering multitimeframe impact on the pattern structure. Anyway, every trader will approach it differently and every trader must combine it with proper MM and psyche-mind harmony if wants to be successful.

Regarding the books, yeah, you have seen this one probably already -> Books on the Gartley pattern
I think the material gathered on this Forum goes in many aspects much farther than any of them (for sure in terms of spotting the proper pattern, but not enough yet regarding the MM, position sizing and entry techniques). As you know I am the author and architect of korHarmonics and AMP indicator, so regarding spotting the best patterns I know things.

Congratulations for the indies and the site. I am very impressed at your knowledge of harmonics. How long have you been trading them? You said price x time, would you suggest to get acquainted to Gann's method? Would an understanding of Elliot Wave also be benefecial in your eyes?

weekend with ED
Fibonacci Forex Trading: Wysoce prawdopodobne strefy zwrotu dla EURUSD

Joe DiNapoli in Poland - Conference with the Markets Master in April 2013, read more on Europejska Konferencja - Mistrzowie Rynku

Originally Posted by forexft

Congratulations for the indies and the site. I am very impressed at your knowledge of harmonics. How long have you been trading them? You said price x time, would you suggest to get acquainted to Gann's method? Would an understanding of Elliot Wave also be benefecial in your eyes?

Started to learning harmonics and market geometry more than 5 years ago and for me this is still the best approach to markets. Why? - was writing about it several times on the Forum.

Yes, Gann is very, very interesting and worth to dig into. Check this: Gann trading - market turns timing - price projection

Elliott Wave, hm... one of my mentors was Elliott Wave GURU, and very successful trader, but I never spend enough time on it. I know the basics and the practical concepts behind the theory (that i combine with markets geometry), but I use pure Elliott Wave Theory very seldom.

2 very true sentences I heard today while watching the VSA webinar by Gavin Holmes:

"Don't be trend follower, be Contrarian".

"Price chart is your friend."

...both are true in my trading, so just wanted to share with you guys.

Korrie, any opinion on the EURUSD pattern ?

GBPUSD decision point ->