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Harmonic Patterns

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Harmonic Patterns

The similarity between harmonic and basic chart patterns is that, for each of them, the shape and structure are key factors to recognizing and validating a specific pattern. The next price movement can thus be projected with the goal of turning these patterns into profits. However, a key difference is that harmonic patterns are defined more precisely. They are 5-point reversal structures, containing combinations of well defined consecutive Fibonacci retracements and Fibonacci extensions, leaving less room for flexible interpretation.

Harmonic patterns continuously repeat themselves, especially in consolidating markets. There are basically 2 types of patterns: 5-point retracement structures like the Gartley and the Bat and 5-point extension patterns like the Butterfly and the Crab. Trading harmonic patterns requires patience because, due to the specificity of the ratios, patterns that appear harmonic may not be if they don't align with the proper measurements.
Ahmed_Alsheikh Ahmed_Alsheikh PRO GBPUSD, D, Long ,
GBPUSD: GBPUSD 16-17-18/08/2017
58 0 3
GBPUSD, D Long
GBPUSD 16-17-18/08/2017

BUY

LewisisNude LewisisNude AUDUSD, 15, Short ,
AUDUSD: AUDUSD cypher short
23 0 1
AUDUSD, 15 Short
AUDUSD cypher short

at market now

Hirschle97 Hirschle97 GBPJPY, 240,
GBPJPY: GBP/JPY *SELL*
22 0 1
GBPJPY, 240
GBP/JPY *SELL*

Lets go with this third time lucky! All out this time 140.000 here we come

Teuwie1 Teuwie1 AUDUSD, 60, Long ,
AUDUSD: $AUDUSD Bullish Butterfly H1 Intraday
33 0 2
AUDUSD, 60 Long
$AUDUSD Bullish Butterfly H1 Intraday

Bullish Butterfly on $AUDUSD H1. Entry range until 0.77851, target open, trailing stop 25 pips.

TheseriousJ TheseriousJ PRO BTCEUR, D,
BTCEUR: btc short
38 0 1
BTCEUR, D
btc short

btc short

LewisisNude LewisisNude GBPUSD, 240, Long ,
GBPUSD: GBPUSD cypher long
30 0 1
GBPUSD, 240 Long
GBPUSD cypher long

I have a max pip of 100 risk... managed to get in for a cheaper price and less than 100 pips. At market now.

bmck1 bmck1 PRO GBPJPY, 60, Long ,
GBPJPY: GBPJPY - H1 - Reverso?
19 0 2
GBPJPY, 60 Long
GBPJPY - H1 - Reverso?

Following on from the potential short opportunity I saw yesterday (currently still playing out), if you trade this pair and also trade advanced patterns then there could be a potential entry into a bullish trade right as the bearish move from earlier might start running out of steam. Not a pair that I currently trade, but this could be a nice example of trading ...

bmck1 bmck1 PRO USDCAD, 60, Short ,
USDCAD: USDCAD - H1 - Bearish Gartley Formation
18 0 2
USDCAD, 60 Short
USDCAD - H1 - Bearish Gartley Formation

Again, another pair I do not currently trade as I am still going through backtesting/forwardtesting on this instrument, but this would be something I'd be looking for once this pair is added to the portfolio. The D completion zone of this bearish Gartley formation is also completing right around the 1.2750 even number. Would be looking for traditional targets at ...

LewisisNude LewisisNude NZDUSD, 15, Long ,
NZDUSD: NZDUSD gartley long
22 0 2
NZDUSD, 15 Long
NZDUSD gartley long

I will be waiting for market to press down a little further to give me a 1:1 R/R for T1. especially since the spread on NZDUSD is pretty nasty.

LewisisNude LewisisNude USDJPY, 240, Short ,
USDJPY: USDJPY cypher short
68 0 3
USDJPY, 240 Short
USDJPY cypher short

cypher completion at D leg

LewisisNude LewisisNude GBPJPY, 60, Long ,
GBPJPY: GBPJPY cypher long
20 0 1
GBPJPY, 60 Long
GBPJPY cypher long

completion at D leg

LewisisNude LewisisNude EURUSD, 240, Long ,
EURUSD: EURUSD long gartley
49 0 2
EURUSD, 240 Long
EURUSD long gartley

gartley completion at D leg

Ahmed_Alsheikh Ahmed_Alsheikh PRO AUDUSD, 240, Long ,
AUDUSD: audusd 15-16/08/2017
53 0 3
AUDUSD, 240 Long
audusd 15-16/08/2017

sell

mamed1 mamed1 BTCGBP, 240,
BTCGBP: Butterfly reached it's maximum target
46 0 2
BTCGBP, 240
Butterfly reached it's maximum target

After reaching the maximum target for the previous butterfly pattern (1.618 from XA),Stoch RSI value is 100,RSI value 81.77,price action indicates several take profit transactions ,all indications reflects an upcoming correction (whether a time correction or a price correction) ,we'll wait to see the correction pattern first before opening any new positions.

bmck1 bmck1 PRO GBPJPY, 60,
GBPJPY: GBPJPY - H1 - Cup of tea sir?
45 0 2
GBPJPY, 60
GBPJPY - H1 - Cup of tea sir?

This is not a pair or pattern I currently trade, but after I saw the rounded cup shape I ended up playing around with the chart and set about looking for the next potential area of interest if you trade the GBPJPY. There could be an interesting zone for a selling opportunity here in the blue zone with a potential ABCD equal measured move completion, some Fib ...

bmck1 bmck1 PRO AUDCAD, 15, Short ,
AUDCAD: Little intraday short opportunity on AUDCAD - M15
26 0 4
AUDCAD, 15 Short
Little intraday short opportunity on AUDCAD - M15

Late post on this but orders have now been filled on this pattern formation short. Just hanging around the entry zone at the moment - Let's see if price makes its way down to hit our targets! US Oil Inventories number coming out in about 20 minutes, not directly related to this pair but as we are vs the CAD in this trade we might see some increased action around ...

Roker1 Roker1 PRO GBPNZD, 60, Short ,
GBPNZD: Gartley at market on GBPNZD!
137 0 6
GBPNZD, 60 Short
Gartley at market on GBPNZD!

Hey guys, this is a simple Gartley formation already completed on 1hr timeframe. Its D completion point lies on a daily structure level and that boost my confidence on the trade because i know this is an area of value also in higher timeframes. Being so, i'm taking a short with stops above highs and targets as displayed above. If you want to ask questions, feel ...

Trading_Jazz Trading_Jazz PRO BTCUSD, D,
BTCUSD: (D) Only a shark at 4k could damage the bits! Bulls vs Shark
232 0 5
BTCUSD, D
(D) Only a shark at 4k could damage the bits! Bulls vs Shark

BITSTAMP:BTCUSD This is the last pattern to be forged at new highs, if it fails, we need to wait for another corrective structure to search for other patterns for potential reversals, until there you keep buying it... ... as if there's no tomorrow ...

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