Thread: Interactive Trading Setups Disscussion

Hi at all. I was been inactive for very long time. Now I'm reading again some info about korharmonics and DaVinci.
I have some question:

1. KorHarmonics indicator is the same of the old "free" version? or maybe it was been updated?

2. I remember that the old one had the "emerging pattern" option; does the new version have it too?

3. I can see that Kor added a new interesting indicator: "cycle indicator". I think it's interesting because with it we could see if the pattern is into a really potential revese zone or not; so, if the chart pattern is a bearish pattern and the cycle indi tells us that we are in an "upper cycle zone", we have more probability that the chart pattern is right. Is it right? Or maybe I understood wrong?

4. Sorry, maybe this is not a smart question, but I have that doubt too: does korharmonics use candle recognition too? I mean: chart pattern tells me a bearish pattern, it tells me the PRZ box too, but I need to wait maybe for a Pin Bar (to confirm it)? Or not?


Someone of you have any example into eurusd? It's not so easy, I know, we are into the brexit timing
Thanks!

Originally Posted by JohnCapa

Hi at all. I was been inactive for very long time. Now I'm reading again some info about korharmonics and DaVinci.
I have some question:

1. KorHarmonics indicator is the same of the old "free" version? or maybe it was been updated?

2. I remember that the old one had the "emerging pattern" option; does the new version have it too?

3. I can see that Kor added a new interesting indicator: "cycle indicator". I think it's interesting because with it we could see if the pattern is into a really potential revese zone or not; so, if the chart pattern is a bearish pattern and the cycle indi tells us that we are in an "upper cycle zone", we have more probability that the chart pattern is right. Is it right? Or maybe I understood wrong?

4. Sorry, maybe this is not a smart question, but I have that doubt too: does korharmonics use candle recognition too? I mean: chart pattern tells me a bearish pattern, it tells me the PRZ box too, but I need to wait maybe for a Pin Bar (to confirm it)? Or not?


Someone of you have any example into eurusd? It's not so easy, I know, we are into the brexit timing
Thanks!

hi John,
ad1, we made korHarmonics indicator commercial, but with a small symbolic fee, it's available from here: korHarmonics indicator - harmonic and price patterns MT4 scanner
there are some functional and quality enhancements in new korHarmonics comparing to the old free version, but no major changes. Commercial users of korHarmonics indicator get the free, life-time upgrades when new version appears.

ad2. yes, of course, emarging patterns functionality is available in korHarmonics.

ad3. we are specializing in market timing and cycles is one of the confirmation method that we apply. As you write (correctly), if we see a bullish pattern, we wait for cycle indicator to confirm or give us the exact turning point, best time to enter. Works very well, but the tricky part, as always, is that multiple cycles apply at the same time and sometimes the higher timeframe cycle kills the pattern. Anyway, with our cycle confirmation method we are looking for very precise and best R:R entries. We are publishing some setups on: Harmonics Tube sometimes with cycles indicator on, so you can see how we use it. MTF cycle indicator is described and available from here: MTF cycle indicator for MT4

ad4. No, korHarmonics is not looking for any specific candlestick patterns. One of the benefits of harmonic or price patterns trading is that we enter in the theoretically best possible place, so to get best R:R. Waiting for a reversal candlestick pattern would mean that you wait for price to react at your D point and enter late, meaning with bigger SL. It's not to say that it's bad idea, but it's not the way we trade patterns.

hope this helps

Originally Posted by kor4x

ad4. No, korHarmonics is not looking for any specific candlestick patterns. One of the benefits of harmonic or price patterns trading is that we enter in the theoretically best possible place, so to get best R:R. Waiting for a reversal candlestick pattern would mean that you wait for price to react at your D point and enter late, meaning with bigger SL. It's not to say that it's bad idea, but it's not the way we trade patterns.

hope this helps

OK Kor, thanks, it helped me.
I like "time factor", I'm really intrigued by it.
So: PRZ box gives us the range into take action into the trade, right (step 1)? We use the cycle indi to understand if it could be a R:R tradable pattern (step 2); but there is a "But".. I mean: please attach a picture (or take it from your histery) here and explain me what is your "step 3": what is the point that you decide to enter..maybe a retracement into the prz box? Or simply the exit of the box? or whatelse..

Thanks again!

we are discussing and observing these 2 harmonic trading based opportunities:
on EURGBP: Harmonics Tube: emerging Gartley pattern on EURGBP
on NZDCAD: Harmonics Tube: continuation Butterfly bullish pattern on NZDCAD

emerging crab pattern on EURGBP: Harmonics Tube: emerging crab pattern on EURGBP

Bullish opportunity on EU.
Let`s see how it works!!!
http://www.screencast.com/t/xKBSP7od

Emerging Bearish BAT UJ M30.
D1 cycle is in turning point.
Also H1 and h4 cycle.
http://www.screencast.com/t/BofG6zcFV

observing this on EURUSD: Harmonics Tube: Emerging butterfly bearish pattern on EURUSD