Harmonic Trading - page 587
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Did anybody here try trading harmonic patterns following exactly Scott Carney's methodology?
This is a great educational video by Scott Carney (hope you guys are familiar with him) - explains the proper way of trading Harmonic Patterns using FormationSeeker fine tuned settings https://www.youtube.com/watch?t=8&v=6HXB-iUFh4U
FormationSeeker.com looks very elegant and it seems to be good. Can't test it today. Is it worth the prices?
Re: Harmonic Trading ---------------
Dear Poruchik I need your help, when I use ZUP_150 it creates a lot of mess (too many lines) and also does not detect the pattern what are the settings that need to be done.
Please guide.
I will be thankful if any one can help.
Take the v148.
Take the v148.
Dear Kerelian,
thanks for your reply I am using v148 but just wanted to know does v150 have more advantages than v148.
In the graph which you have posted https://c.mql5.com/forextsd/forum/158/pa_patterns.png is there any indicator which will show all the patterns which are there in the graph.
Regards,
Mob
No, these are all 'hand-drawn'. For harmonic patterns (a group of price action patterns) you need a good indicator, but these are basic price action patterns, you learn very quickly to recognize them. It is some exercise and work to do. When you can draw TLs, it is just a little step further. For TLs there are some indicators, but I doubt that someone really use them for real trading.
The only advantages to v148 is the addition of sea horse and pull-down menus in options. But the Chinese toy 1 and 2 doesn't work anymore and that's a big drawback, hope they repair it in their next version.
No, these are all 'hand-drawn'. For harmonic patterns (a group of price action patterns) you need a good indicator, but these are basic price action patterns, you learn very quickly to recognize them. It is some exercise and work to do. When you can draw TLs, it is just a little step further. For TLs there are some indicators, but I doubt that someone really use them for real trading. The only advantages to v148 is the addition of sea horse and pull-down menus in options. But the Chinese toy 1 and 2 doesn't work anymore and that's a big drawback, hope they repair it in their next version.
Dear krelain thanks for your response.
I have the ZUP_v135_ALL indicator, but now that I changed it over to fit the latest Build 950, I get 40 errors. I am not a coder and are unable to follow the leads in the ERROR coding.
Please redirect me to the latest indicator which is nmc friendly.
Thanking you most sincerely,