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Thread: Trading Arsenal Videos - YouTube TradingArsenalTV

  1. #11
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    this is all very interesting but what do you do if you see conflicting directions in different timeframes. eg. M15 shows a short signal and H4 shows a long? on MT i pay only to M15, M30, H1 and H4. if i get a signal showing a same direction trade, on at least three timeframes i will take a trade. Anyone else concur? It can be very annoying if the pattern redraws on a new low or high. ie, the wing will extend to a new point, knocking out my stop. Even a prz zone can be breached when price moves to the top of the box.

  2. #12
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    hi foxy,
    Here is my thinking on it ....If there would be only 1 market TF / dimention it would be borring and too simple. Combining TFs is the key (btw: i think guys work on video about it right now).
    You are very disciplined and selective trader if you look for confirmation for 3 TFs. For me often 2 TFs confirmation is enough, but of course i do not want to see in the same time conflicting signals from higher TFs.

    Regarding "It can be very annoying if the pattern redraws on a new low or high. ie, the wing will extend to a new point, knocking out my stop.". Harmonics have this special feature that they allow to enter with very small SL comparing to high TP. With my trades i often take 10 even 20 SLs in a row and 1 TP will earn the loses. In my case it's again related to multiple timeframes, as I look the pattern from higher TF (M5, M15+) and I enter always from M1.

  3. #13
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    Its very confirming to hear you say this. my broker will only allow a 10pip s/l so unless i manually exit a trade if it goes into the negative, i have suffered a 30 or 40 pip loss before the pattern does indeed go in its intended direction. This is of course well and good if the profit will include this and more, but it makes it a bit difficult on a scalping trade on a short tf. So perhaps in the long run its best to trade these patterns on the longer tfs.
    I look forward to seeing the vid.
    Keep up the excellent work.

    I will subscribe to fxgroundworks this week for a month and hope to see the differences there and will report here or maybe even pop up a few of their recommendations so others can benefit.


    Quote Originally Posted by kor4x View Post
    hi foxy,
    Here is my thinking on it ....If there would be only 1 market TF / dimention it would be borring and too simple. Combining TFs is the key (btw: i think guys work on video about it right now).
    You are very disciplined and selective trader if you look for confirmation for 3 TFs. For me often 2 TFs confirmation is enough, but of course i do not want to see in the same time conflicting signals from higher TFs.

    Regarding "It can be very annoying if the pattern redraws on a new low or high. ie, the wing will extend to a new point, knocking out my stop.". Harmonics have this special feature that they allow to enter with very small SL comparing to high TP. With my trades i often take 10 even 20 SLs in a row and 1 TP will earn the loses. In my case it's again related to multiple timeframes, as I look the pattern from higher TF (M5, M15+) and I enter always from M1.

  4. #14
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    Sure, nice, freel free.
    We have group of PRO harmonic and market geometry traders. We will share some more videos soon.

  5. #15
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    In this video You can see the main difference between the bat and gartley pattern, and also one of the most common mistakes that novice traders do: entering the bat setup to early.

    susana likes this.

  6. #16
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    Hi,

    Trust me i am goddamn newbie in harmonic trading. Sorry if i posted in the wrong thread.
    So between ZUP102 and korHarmonic, which one is the originally suggested in this forum?

    I am quite confused which one should i learn throughout this forum, aside of AMP of course.
    Gartleys, Bat, etc. I do think i need to be familiar with zup/korHarmonic before i can try AMP right?
    Just need a little help here from ziemo,kor4x or anyone to kickstart my learning process.

    Thanks guys, i am looking forward to get involved and contribute as i could in this forum.
    English is not my native language, hope u guys dont mind.

    Regards,

    Vuryoul

  7. #17
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    Hi Vuryoul,

    Personally, I'm not a big fan of zup to be honest. If I can suggest You an indicator, that will help You with finding harmonics on the chart, that would be korHarmonics for sure.
    Anyway, my advice would be the same, what kor4x already said in some other thread: for the beginning, the best way is to remove all indicators, and try to look for harmonic formations using only Your eyes. I know it could be a little bit difficult when You start with it, You will miss some setups, but believe me - it will give You much better understanding of the topic. It's the very fundation.

    Then, when You will have any problems with finding patterns, You can use indicators such as korHarmonics or zup, to make Your job easier.

    Even better solution is AMPmonitor (which we currently develop) which will look for You for harmonics on many different TFs and instruments, giving You an alert even before the pattern is completed + it has built in confirmations, which is really a great thing

    But as I said in the beginning: please go to the thread about harmonic patterns, read a little bit about gartley, bat, butterfly, check the fibo relations, watch some of our movies to get the general idea, and start looking at the charts trying to find patterns by Your own. It's definitely worth to learn it

    I hope that will help You a bit


    cheers

  8. #18
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    Alright will do. Thanks ziemo!


  9. #19
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  10. #20
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    Thank you

    Hello !

    I just wanted to tell the people on this forum that the last video is the closest thing to the holy grail you can get in trading. The confluence of supply and demand zones and harmonic patterns is the most powerful edge you can obtain. I strongly advice you to :

    1) Be grateful to no end to the people providing you with all these priceless resources and indicators.
    2) Work hard to get a good understanding of supply and demand inbalances in the market and the confirmation with harmonic patterns.

    I attach a indicator that might help the people new to supply and demand to identify the important levels. When you are used to it, try to work without the indy, it is always better. Also, you will find somewhere in this forum an excel file I created a while ago, listing all the free articles about supply and demand and much more from the Online Trading Academy and Sam Seiden in particular.

    Once again, I want to show all my gratitude the the tradingarsenal team, you are the best, and so generous.

    Michael

    II_SupDem.mq4

    Trading Arsenal Videos - YouTube TradingArsenalTV-uf.jpg

    PS : sorry if it not the right place to post it but I wanted to make my point about the last video.
    PS2 : if anyone can lead me to a place where i can learn to make videos of trading like you do, of trades unfolding, I will be please to give back to the community by posting dozens of them as I trade this method day in day out.
    Last edited by emene; 12-05-2011 at 09:45 PM.

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