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Thread: Fibs

  1. #1
    Junior Member
    Join Date
    May 2012


    I am new to forex and am interested in learning Harmonics. I have a question about the figures in Harmonic patterns. Is there a tool in Metatrader4 that would help me identify patterns manually? For example if I look at a bullish Gartley on my cheat sheet how do I arrive at the figures shown such as X-B 0.618 or B-D 1.13-1.818.
    Is there a idiots guide somewhere that would help me learn this. Everything I have read to date doesn't explain this.
    I Know that I probably haven't posted this in the correct place so as a newcomer could I suggest that there be a section in the forum headed "Questions"

    Edit I have just found the info I needed on Babypips
    Last edited by victorharbor; 05-20-2012 at 08:29 PM.

  2. #2
    Join Date
    Oct 2011
    A, A
    1.You should be using the Fibonacci tool from MT4 (standard tool) to measure the swings and check the internal/external retracements. After doing it for some time (lets say 100 patterns) you r eye will be finding proper Gartley and other patterns without any extra tool (just by looking).
    2. with time you will start to know which ones to trade and which ones not.
    3. with time you will become lazy and you will like to use an automatic tool for spotting the harmonic patterns on different charts/different instruments (...or you will focus your trading career on 1-2 instruments only and for this manual measures will be fine).
    Last edited by kor4x; 05-27-2012 at 07:36 AM.

  3. #3
    Junior Member
    Join Date
    May 2012
    Thanks for your help

  4. #4
    Junior Member
    Join Date
    Jun 2012
    google ZUP indicator for Metatrader, I think that is what you are searching.

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