The Third pattern which “may” be a Gartley could have been a winner depending on where your stops were placed. Also you say “Furthermore, harmonic patterns that do appear in trending markets are usually against the trend. Yes there are plenty of patterns that emerge against the trend in trending markets, but there are roughly just as many patterns that appear with the trend as well.
I say this after backtesting and analyzing hundreds of thousands of patterns and live trading thousands of patterns. I will say though, that patterns do not do fantastic when the market is trending.
They are meant for when the markets are in some sort of consolidation. And I will also say you are correct with your statement that harmonic patterns miss out on the trend since we have solid targets. But we give up that forex tester alternative trend for a higher probability of success. We bank and bank often instead of letting it go for one big trade. While you are out to make that forex tester alternative single 500 pip trade, I could have been in 20 trades making an average of 60 pips each (thats 1200 pips).
Forex tester alternative Scalper.it is simple to understand and to learn the patterns. And if you are trying forex tester alternative to take every single pattern that comes your way, you are going to fail. I know someone that trades every single forex tester alternative pattern that comes up. I use a forex tester alternative few other things (not indicators) to help forex me tester alternative choose only the best patterns out forex tester there alternative that have a higher probability of forex tester alternative success.
Harmonics on its own wont be enough… you need more tools and indicators… use harmonics to look for things like head and shoulders and doubletriple tops. This type of trading is nothing but betting on break out will fail and reverse. While the 50% entrancement does work a lot forex tester alternative of time, but that’s just risk and china foreign exchange trading system (cfets) reward. Other than that, all other Fibonacci number is just bull crap. you can draw a line at any point of the chart and on the left side of forex tester the alternative chart , you will always find it as support or resistance.
Android smartphones the execution charge relies upon the esteem high water candle led the market towards the. Sensitive, Autotrading is needed.Forex tester alternative Also.
when the market is descending you only go short and the opposite is true. The public secret is never to trade against the trend. You can not , you will not , you will never ever time forex tester alternative a market.. My view, harmonics is just forex tester alternative another “system” just as an MA or two is. The latter much easier and alternative tester forex no ridiculous price tags to peddle out of subjectivity with same result – Trader dependant. Harmonic patterns = eye candy – humans love to see pictures – leading the forex tester alternative trader further from trading price action based on why markets move: liquidity, algo’s, phases, seasons,market makers etc. (Yes, the market did fx autobot not move because I painted my pattern just now) I am reading through your guide right now. I created harmonic forex patterns tester alternative and I agree that your points are valid but because you lack the sufficient knowledge of the framework. I have always said the tmt scalping system (best system on ff) patterns ARE NOT A BLACK BOX – although many internet marketers are selling as such.
Forex tester alternative Transactions in the GBP.I have made my living with these methods, consulted for a multi-billion hedge fund and regularly show my forex tester alternative work in public for FREE! I am not here to spam rather suggest that you look at my work to understand that this process is requires execution and management skills not just identifying past patterns.
Although I feel this article trolls HT a little, I WILL GLADLY TRADE HARMONIC PATTERNS LIVE WITH ANYONE IN MY ATTEMPT TO RESTORE ITS SOMEWHAT TARNISHED INTEGRITY.
Before you make up a bunch of trolling BS to attract Harmonic Traders, you should ask look at my work. As creator of the ENTIRE METHODOLOGY, your issues are manipulative and clearly show you have ZERO UNDERSTANDING of market action at all. MY HARMONIC PATTERNS vs whatever crap you are trying to sell. I will trade everyone of those “flawed examples” and show you how ignorant you really are. I have just come across you and I love your fire sir.