GBPUSD Market Outlook- 26 Feb 2019

Butterfly pattern rocks for GBPUSD. GBPUSD was making the most dramatic move today. It is topping up on the bullish league. GBPUSD is soon approaching the critical supply zone (H4 timeframe). Watch out to squeeze more pips.

Analysis was generated from Harmonic Pattern Plus + Mean Reversion Supply Demand. 

http://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

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EURUSD Market Outlook 2-26 Feb 2019

Overall market ended rather bull on Tuesday. EURUSD also followed the bullish stream too. EURUSD had a good run through Potential Continuation Zone 3. But it did not penetrated Potential Continuation Zone 4 in its first attempt. However, we need to watch out PCZ3 and PCZ4 for our trading now. Analysis was generated from Harmonic Pattern Plus and Correlation Ranking Heat Map.

http://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

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Evolution of Harmonic Pattern Indicators (Must Read)

There are several variations of Harmonic pattern indicators in history of Price Action and Pattern Trading community. Not all the harmonic pattern indicators are the same. In the past the main variations of Harmonic pattern indicators can be categorized as three different types.

First type is non lagging but repainting harmonic indicators. This sort of Harmonic pattern indicator is the typical harmonic pattern indicators used by many traders. The advantage is that you do get the signal early as possible. You have an opportunity to trade from the turning point all the ways down to the continued trend. The disadvantage is that you are not able to test your strategy in chart because this type of harmonic pattern indicator does not show the entry of the failed patterns in chart but only successful one. In fact, Harmonic Pattern Plus and Harmonic Pattern Scenario Planner are under this category. They would provide the fastest signal but you will not able to test your strategy in your chart because they do not show the failed entry in chart.

The second type is that lagging but non repainting. Some people use pretty words like minimal lag Harmonic pattern indicator or etc. But really lagging is just lagging. You can not make it really pretty though. As the literal meaning of lagging indicates, this type of harmonic pattern indicators provide you the lagging signal comparing to the first type.  It will only provide you the signal after some times passed the turning point. Hence, you do not have an option to consider your entry from turning point. Depending on the pattern size, sometimes, the lagging can be only several bars but it can range up to several dozens of bars like 30 or 60 bars. Sometimes, your entry might be at the first reversal after the turning point. Hence you have be careful with this sort of entry. The advantage is that you will not experience repaint with the latest pattern though. I am not sure if non repainting property can offset the disadvantage of lagging signals because professional harmonic pattern traders are looking for the turning point entry.

The third type is that detecting pattern at C point completion not at D point completion. This type of Harmonic pattern indicator do exists. This type of Harmonic Pattern indicators detect patterns way too early at the point C. For this reason, you have to wait quite some time to trade at point D. If you are trade on higher time frame like H1 or H4 or D1, you might have to wait at least half days to several days. You might run out of your patience quickly with this type of Harmonic Pattern indicator by just waiting and waiting. Since, it is detecting pattern at point D, you are not able to see any failed entry in your chart either. So it does repaint. What is worse is that the pattern can be disappeared while you have been waiting some time. You are just wasting your time in this case.

Some people asked me if they can trade from point C to D. The answer is no because we only recommend to trade patterns after we have done intensive research. We did not do research on trading from point C to D.

By summarizing above three types of harmonic pattern indicator, we can draw some interesting conclusion. Non lagging means repainting and lagging means non repainting. There seems to be some balance between fast signal and repainting issues. It might be the universal or physical law.

Now the question, can we have non lagging and non repainting harmonic pattern indicator? The answer is yes. This is the next generation of Harmonic pattern indicator which was born from intensive scientific research. We shipped the technology to our Optimal Turning Point Pattern Scanner. We have provided it for the first time in history. This type of non repainting and non lagging indicator will provide you the fastest signal entry like first type of harmonic pattern indicator. At the same time, it will show you the failed entry in your chart. Hence you can build your strategy in your chart with other technical indicators at ease or even in backtesting mode. Since you trade as you see from chart, the confidence for your trading will increase dramatically. This is the true hybrid of all above three types of harmonic pattern indicators. With little bit of knowledge on Pattern Completion Interval, you could take the entry at your favored risk to rewards ratio. We also provide Potential Continuation Zone to perfect your harmonic pattern trading. Below is the direct link to our Optimal Turning Point Pattern Scanner.

https://algotrading-investment.com/portfolio-item/optimal-turning-point-pattern-scanner/

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EURUSD Market Outlook-4 Feb 2019

Overall, bearish sentiment is dominating in the market. GBP and EUR are weak. GBPUSD and EURUSD are topping up in the bearish league. By looking at the chart of EURUSD, few things are clear. EURUSD is taking some correction after it hit third Potential Continuation Zone. Now it crossed the first Potential Continuation Zone. The analysis was generated from Harmonic Pattern Plus and Correlation Ranking Heat Map. Hope you gathered good pips since market is pretty predictive.

http://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

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EURUSD Market Outlook-5 March 2019

So far this week, it seems that bearish sentiment is beating bullish sentiment. In fact, EURUSD is leading the bearish sentiment. EURUSD is now approaching the critical demand zone after its notable drop with Bearish Gartley pattern. Analysis was generated from Harmonic Pattern Plus and Mean Reversion Supply Demand.

http://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

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GBPUSD Market Outlook - 6 March 2019

GBPUSD is making another test on Potential Continuation Zone 1 again. We have observed that GBPUSD was consistent defended on this PCZ 1 level. This means this level is really important for GBPUSD. We need to watch out again if it can. Market is overall bearish. GBPUSD is in bearish side. Analysis was generated from Harmonic Pattern Plus.

Good luck traders.

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GBPUSD Market Outlook 2- 6 March 2019

GBPUSD made another protection on the Potential Continuation Zone 1. GBPUSD is taking short term bullish correction. Currently GBPUSD made 50 pips up from PCZ 1.

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GBPUSD Market Outlook-7 March 2019

Another day for trading. Here we are having bit of diversification in the market. But all of commodity currency are strong. GBPUSD is in the bearish group. It is taking some short term correction with the formation of AB=CD pattern. 

http://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

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New Article "Controversy in Harmonic Pattern Trading" Released

We have just released new article to transfer important knowledge for your harmonic pattern trading. Especially in this article you will find many interesting points towards your harmonic pattern order management. Do not miss to read this article if you are harmonic pattern and Elliott wave pattern trader.

https://algotrading-investment.com/2019/03/07/controversy-in-harmonic-pattern-trading/

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New Article “Controversy in Harmonic Pattern Trading” Released

We have just released new article to transfer important knowledge for your harmonic pattern trading. Especially in this article you will find many interesting points towards your harmonic pattern order management. Do not miss to read this article if you are harmonic pattern and Elliott wave pattern trader.

https://algotrading-investment.com/2019/03/07/controversy-in-harmonic-pattern-trading/

https://www.mql5.com/en/users/financeengineer/seller#products

GBPUSD Market Outlook-9 March 2019

Last week, GBP was the most bearish symbol among the forex market. Both GBPUSD and GBPJPY topped up on the bearish league. As you know GBPUSD is coming down to test 3rd Potential Continuation Zone. When market open, make sure to watch the price action around this potential continuation zone. Analysis was generated with Harmonic Pattern Plus and Correlation Ranking Heat Map.

http://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

https://www.mql5.com/en/market/product/4488

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EURUSD Market Outlook - 11 March 2019

As we have mentioned in our previous post, today the demand and supply zone was acting as a significant mild stone for EURUSD. Especially it seems that we need to continue to monitor the supply zone for some more time. For your information, market is overall in bullish state. Good stuff. Analysis was generated from Harmonic Pattern Plus + Mean Reversion Supply Demand.

https://algotrading-investment.com/

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GBPUSD Market Outlook -12 March 2019

Bearish sentiment is growing in the market. GBPUSD is moving like roller coaster. Yesterday it hit nearly 200 pips rise, then today it hit nearly 160 pips fall. GBPUSD is testing Potential Continuation Zone 2 (=PCZ 2). Please watch out the price action around the PCZ 2 level.

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Main Limitation of All Harmonic Pattern Indicator – Released

We have just released very important article for your harmonic pattern trading. This is a must read article if you are trading with harmonic patterns. To improve your harmonic pattern trading, please read this article below.

https://algotradinginvestment.wordpress.com/2019/03/13/main-limitation-of-all-harmonic-pattern-indicator/

3 Drive patterns are still there. EURUSD is continued to be bull last few days. Note that we do have an important supply zone ahead.

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GBPUSD Market Outlook-13 March 2019

Market is in overall bullish sentiment. GBP is just strong over anything else. Especially GBPUSD moved nearly 250 pips last 24 hours. I thought it might be stopped at the supply zone marked. But it stopped bit earlier. The analysis was generated from Harmonic Pattern Plus + Mean Reversion Supply Demand. 

http://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

https://www.mql5.com/en/market/product/4488

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GBPUSD Market Outlook-14 March 2019

GBPUSD continue to show the sensitive reaction to the vote of article 50 extension on Brexit. Yesterday it went up like  roller coaster. Today, GBPUSD is going down again and it is coincided with the formation of AB=CD pattern.

https://algotrading-investment.com/

https://www.mql5.com/en/users/financeengineer/seller#products