Harmonic Zigzags - page 4

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Guyver:
did you seriously took this trade with all that trendlines and with the help of that URL or is it another after the fact trade. I am still trying to understand your style here?. and about MT predictor i think it sucks why would you think it works better when all does produces is an A-B-C pattern. Is it hard to do that using Metatrader Zigzag? oh yeah someone needs to program it are correct?

Hi Guyver

the moderator has given this thread 5 stars yesterday

Wow , this is a young thread ..........

Why did they do this ? ...... What are they thinking ?

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Any way ,

about the mtpredictor software ...............

Does any one else in here use it ? .... What is your experience with it ?

Thanx in Advance :

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marketwavez:
Hi Guyver

the moderator has given this thread 5 stars yesterday

Wow , this is a young thread ..........

Why did they do this ? ...... What are they thinking ?

--------------------------------------------------------------------

Any way ,

about the mtpredictor software ...............

Does any one else in here use it ? .... What is your experience with it ?

Thanx in Advance :

---------------------------------------------------------------------

I have no idea what is cooking with 5 stars ..

Mt-predictor, well i personally think it sucks . Let me know why you think it's good?

is it because of what? ... position sizing ,, a programmer can write the same code in MT4.

 
marketwavez:
well guyver i totally agree with you

mt predictor charging $1600 for that software is pricey especially

when these are programmers who can write it in here as you are saying

is absolutely the truth ..........

///////////////////////////////////////////////////////////////////////////////

but there is more there

mt predictors strength is in 2 major things

#1 the scanner

you can scan many markets at once and get a list of all the harmonic patterns and Elliott Wave 4 s and and Wave C s

that are happening right now in real time along with where to buy and where to put your stop and where to expect a target

( Show me an MT4 Eld or MT4 program that can do that if you will )

#2..........Thier understanding of RISK TO REWARD

along with what's called Position Sizing ! withoutb this understanding you are doomed as a trader because no one gets ut right on every call

so in the enbd

It all comes down to yourAverages .

About Point1:

Scan many markets? what is so hard to put a zigzag on Mt4 chart and say this is your A-B-C pattern. put your stop here and there are your targets i mean come on!. do we really need to have an automed program paying for 1600 USD as you said. for this task.

I said a programmer can do it easily not that it is available. In my knowledge i don't know but i would not pay 1600 USD to find ABC pattern which can be easily taken out from Mt4 zizag.

About Point2

Yes, so why do you need Mt-predictor for that? don't be lazy really you can do that on a piece of paper as well.

Guyver.

 

well Guyver

I totally agree with you

mt predictor charging $1600 for that software is pricey

especially when these are programmers who can write it in here

as you are saying is absolutely the truth ..........

mt predictor is definately overpriced -

- it should be $500 or less so more people can get it .....

///////////////////////////////////////////////////////////////////////////////

but there is more there

mt predictors strength is in 2 major things

#1 The Scanner

you can scan many markets at once and get a list of all the harmonic patterns and Elliott Wave 4 s and and Wave C s

that are happening right now in real time along with where to buy and where to put your stop and where to expect a target

and yes, also with audio alerts where you dont have sit and watch the computer screen all day .

( Show me an MT4 Eld or MT4 program that can do that if you will )

#2..........Thier understanding of RISK TO REWARD

along with what's called Position Sizing !

without this understanding you are doomed as a trader because

no one gets it right on every call ...........

*(In fact , mtpredictor tells you that if you just trade these harmonic patterns and Ellott Waves

formations by them self you will only be correct a mere 30% of the time )

So , IN THE END

It all comes down to yourAverages .....

--------------------------------------------------------------------

 
marketwavez:
yes . guyver

$1600 is too much ......... No argument from me there

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With MTt4 you definately can put it on say 10 diffrent markets and maybe even get the alerts going ,

but you have to click over to each individual chart to see whats going on

( with mtpredictor you get a list real time )

but currently none of the harmonic attachments in this forum offers an alert with the the porom , so you are a watch slave to your computer

do you know any harmonic program in here that has been written and available for download right now has the alert built in it already

No ,

prove me wrong //////

first i need to understand one thing here.

We should choose Mt-Predictor over harmonic pattens written by nen. which shows by the way a-b-c patterns if you look for gartley's .. Only because Mt-predictor has built-in alert??? ..

wait i need to get another glass of votka. while you think over this.

 

yes . guyver

$1600 is too much ......... No argument from me there

//////////////////////////////////////////////////////////////////////////

With MT4 you definately can put it on say 10 diffrent markets and maybe even get the alerts going ,

but you have to click over to each individual chart to see whats going on

( with mtpredictor you get a list real time )- No need to click over to individiual charts to see

Currently , none of the harmonic attachments in this forum offers an alert with the the program ,

so you are a watch slave to your computer

do you know any harmonic program in here that has been written and available for download right now

and has the alert built in it already ?

No ,

prove me wrong //////

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Guyver:
:) first i need to understand one thing here.

We should choose Mt-Predictor over harmonic pattens written by nen. which shows by the way a-b-c patterns if you look for gartley's .. Only because Mt-predictor has built-in alert??? ..

wait i need to get another glass of votka. while you think over this.

No thats not what im saying at all ................

The scanner is a great tool developed over there

it gives you the ability to scan for all harmonics patterns in multiple markets at once just wait for the alert ,

and decide ton take the call based on the automatic entry , stop and target that shows up on the chart

This is only 1 of the 2 mtpredictor strength

Again,

none of the harmonic attachments in here tells you where to enter, and where to put your stop, and where to put your target

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marketwavez:
No thats not what im saying at all ................

The scanner is a great tool developed over there

it gives you the ability to scan for all harmonics patterns multiple markets at once just wait for the alert ,

and decide ton take the call based on the automatic entry , stop and target that shows up on the chart

This is the mtpredictor strength

Again,

none of the harmonic attachments in here tells you where to enter and where to put your stop and where to put your target

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Strength? No!

i would call this feature. a luxury feature .. that's all .. by the way with harmonic pattern indicator it provides for now the range where you should be entering the market. About Tp and position sizing yes you are correct that feature is yet not made available from nen. Perhaps he will in the future. I dont think it is a must to trade you can have tp's in your mind for now.

 

Here is the Euro/Usd from last week

2 entries were given to go long

The chart tells you entry , stop , targets and risk to reward ..........

-----------------------------------------------------------

This projection captured the whole upmove .....

it is not a holy grail , it will be wrong at times like any other method

but see how risk is clearly defined after the harmonic pattern is found

Files:
euro_entry.jpg  38 kb
 
marketwavez:
Here is the Euro/Usd from last week

2 entries were given to go long

The chart tells you entry , stop , targets and risk to reward ..........

-----------------------------------------------------------

This projection captured the whole upmove .....

it is not a holy grail , it will be wrong at times like any other method

but see how risk is clearly defined after the harmonic pattern is found

so?

This can be done by hand as well when you know you need to enter here and then you can really mark the price points on Mt4 by using just a horizontal line. perhaps nen can update his indicator to just do that.

price project 1.272, 1.618,2.618 etc ..

with harmonic the risk is defined at the range box. very easy to see

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