Harmonic Trading - page 497
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I've observed Trading Arsenal quite sometime. I respect their work. They have the other harmonic indicator called "AMP" which they used to publish and provide for free. They've stopped providing KorHarmonics but I know they have newer versions of it like v7 (pic below). They've stopped providing AMP too which I think the 007 version was the last version for public. But they have not stopped developing. They started a website where they provide a harmonic signal by using AMP indicator. The site is not free. I managed to grab AMP007 but it never works because it's expired. ZUP is my main indicator but I respect their work. To be honest I'd like to try AMP.
Hola Ryu Shin, please post for us the updated template and indicators thank you so much.
Hola, I posted the latest template last week. Is the latest temp not working for you? Then you should not use it. All templates I have made are for my tastes in the first place. I share them but I'm not making it for others. I hope you understand me. I'm working and trying to get better settings for myself. I will share if I'm asked. Gracias.
Hello irad .. mind to share your template mate? I would like to test it on my charts too.. Thanks a lot
Hi Synapse,
I use almost the same template as RyuShin(support-ressistance,candle-close indicator) which is posted every 10 pages here just look for it around here,
I took all the korharmonics,117,120,122,123,135 and grandaevus latest zup
edited the pattern list so i'll show me only those patterns:
Gartley, Bat, Butterfly, Crab, Shark, Cypher, alt Bat, Deep Crab
all zups deviations is 0.09 but 135 which is 0.12
ExtHiddenPP, ExtHidden changed to 0(I check fibos myself for each pattern I take)
my RSI settings are RSI period = 5 and changed the level to 21 and 79.
CCI default settings.
I've observed Trading Arsenal quite sometime. I respect their work. They have the other harmonic indicator called "AMP" which they used to publish and provide for free. They've stopped providing KorHarmonics but I know they have newer versions of it like v7 (pic below). They've stopped providing AMP too which I think the 007 version was the last version for public. But they have not stopped developing. They started a website where they provide a harmonic signal by using AMP indicator. The site is not free. I managed to grab AMP007 but it never works because it's expired. ZUP is my main indicator but I respect their work. To be honest I'd like to try AMP.
How much do they charge for their service?
Bearish Real 1:1 on GbpChf D1
this is the problem that most people face what is the current trend ! 1M is up , 5M is down , 1H is ranging , 4H is up , Weekly is down ! .. the simple answer for this is .
when you look at weekly charts you can see that the trend SELDOM change directions , its very easy to find out the current trend , you look at 15M chart , you go crazy with all those ups and downs and you have no idea where the market can go next . if you want my humble advice which based on years of trading and losing whole lotsa money in the starting of my trading journey , stay away from any time frame which is less than 4H , if you have those itchy hands and always want to be in the market then chances are you won't be in profit in the end of the month . dont just trade because you WANT TO trade just to make money .
here is a simple strategy i have been using you may find useful
on Sunday before the market opens do the following steps :
1- Look at weekly chart and see see current momentum and decide where its up or down
2- Look if the price is approaching any strong trend line / support / resistance if yes ( go to step no 4 ) if no
3- Switch to daily chart and 4H charts and start looking for signals in the direction of that momentum on weekly chart and ignore signals that go against it
4- since the price is approaching a very strong support / resistance / trend line on weekly then you may look for trades that are against the 4H and Daily trend .
note1 : step no 4 is a bit not so profitable as going against the current trend on daily and 4Hours usually results in failure however the very good thing about it is the Risk reward ration , because you can enter based on 4H and aim for profit based on Weekly , sometimes you can set a SL of 50 pips and aim for 500 pips so you may have a few losing trades but once you get 1 right you still be in profit
note2 : you MUST have a few rules for yourself to enter and only enter if and only if those rules are met , because if you don't follow your rules meaning you following your emotions meaning you are losing money !
note3 : the most important RULE of all is Money Management ,never enter a trade which is less than 2:1 profit to loss ration , in fact i am pretty sure if you even gamble the market with 2:1 ration after a 100 trade you would be in a small profit at least, even without any analysis on the market , and i am also almost sure that if you trade less than 2:1 ratio even if your analysis are right most of the time by the end of 100 trades you have a huge chance to be in a loss .
note4 : you must practice these rules for a long period of time and never break them , if you stick to rules for 10 trades and break it at trade no 11 then that one trade can effect your good 10 trades , trust me when you have set of rules and when you ONLY enter based on them you feel good weather you make money or lose money , if you make money you'd think ya my rules worked ! if you lose money you'd say , its all good as long as i stick to my rules the next trade should cover up this loss! .
save these information as a back ground of your desktop , these information provided to you are worthless , in another place you would have to pay lotsa money to get itThanks a lot ....
Bearish Real 1:1 on GbpChf D1
Kor found the same pattern on 4H
but keep in mind that 121 patterns are only confirmed when the candle is closed , so i guess its a bit too early to enter here as if you look at the 4H chart there is a trend line which has not been touched yet , its around 40-50 pips from current price , so chances are the price gonna bounce from there , Kor harmonic will draw another pattern if price goes above current candle high and the pattern will still be there unless the price passes the red area .
the way i am going to deal with this since this trade seems to meet my rules , the 4 hours trend is down , price is approaching the upper band of bollinger band , all whats left for me is a candle with a kind of large tail that points to the bottom to enter short with a very tight stop loss and a large take profit target.
How much do they charge for their service?
$5 - $400. I'm not promoting their service at all but you can check them out here Forex Harmonic Patterns | AMPMonitor if you want. I wouldn't use them though cuz I'm happy with ZUP. They detected a bullish gartley on USDJPY that ZUP detected. Only difference is ZUP detected a butterfly pattern.
I've observed Trading Arsenal quite sometime. I respect their work. They have the other harmonic indicator called "AMP" which they used to publish and provide for free. They've stopped providing KorHarmonics but I know they have newer versions of it like v7 (pic below). They've stopped providing AMP too which I think the 007 version was the last version for public. But they have not stopped developing. They started a website where they provide a harmonic signal by using AMP indicator. The site is not free. I managed to grab AMP007 but it never works because it's expired. ZUP is my main indicator but I respect their work. To be honest I'd like to try AMP.
please post AMP 007
please post AMP 007
It would be useless because it never works like I said. It says "this version has expired".